Global Printing Inks Market was valued at US$ 18.1 Bn in 2017 and is expected to reach US$ 28.7 Bn by 2026, at a CAGR of 5.93% during a forecast period.Based on application, the packaging segment is projected to drive the global printing inks market as increased use of printing inks for tags and labels, flexible materials, and metal cans across the globe.
In terms of product type, water-based ink segment is expected to boom the global printing inks market growth as consumers preferences are shifting towards eco-friendly products across the globe.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.The increasing number of printing and publishing activities across the globe including newspapers, books, magazines, and handouts, which are expected to fuel the global printing inks market in a positive way.
The growth in demand for printing inks for printing purposes including pre-packaged food items, metal cans, paper cartons, and other related packaging stuff is also projected to propel the global printing inks market growth during the forecast period.
However, an increasing number of online publication of books, magazines, and availability of these stuff over smartphones and other gadgets is estimated to hamper the global printing inks market growth in the forecast period.In terms of region, North America is expected to hold the largest share in the global printing inks market during the forecast period as proliferating flexible packaging and commercial printing market.
The Asia Pacific is also projected to fuel the global printing ink market growth in the forecast period is as the increasing demand from emerging economies such as India and China, economic superpowers in the region.
In addition, growing expansion in the manufacturing of goods, trade and commerce, and demand for international shipping of non-consumer goods in the region, which are propelling the growth of the market.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.