According to IMARC Group’s latest report, titled “North America Ink Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the North America ink market reached a value of US$ 6.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026.
Base Year: 2020
Forecast Year: 2021-2026
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Ink is a liquid or a paste that is produced using solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents, and surfactants. It plays a vital role in different aspects of human life since it is used in printing books, magazines, newspapers, calendars, journals, books, photographs, and packaging.
In the North American region, there has been a significant change in the lifestyle of consumers and an increase in on-the-go food consumption. This has led to a rise in the demand for single-serve ready-to-go food products, resulting in the expanding application of ink in the packaging industry. It is also utilized in day-to-day activities to color surfaces to produce images, texts, or designs. Moreover, the growing environmental awareness has encouraged the end users to opt for bio-based ink that is produced from algae cells and other plant materials. This is expected to create a positive outlook for the market in the upcoming years.
For more information about this report visit: https://www.imarcgroup.com/north-america-ink-market
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
North America Ink Market Segmentation:
Market Breakup by Technology
Market Breakup by Ink Type
Market Breakup by Application
Market Breakup by Country
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