International. A report presented by Global Industry Analysts (GIA) projects that the printing ink market for 2017 will register figures close to US$ 18.2 billion.
The growth would be due to the increase in popularity of environmentally friendly inks and technological innovations that are opening new avenues of growth, including in relatively new markets, such as UV rays and inkjet inks. Analysts say radiation curing inks and energy curing technology also offer numerous growth opportunities.
The report indicates that the industry continues to face strong price pressures, stemming from raw material costs, a scenario that is expected to continue in the near future. Likewise, the market is also undergoing a transition towards high digital value and energy curing inks. Commercial and packaging printing constitute the largest end-use of industries in the printing ink market.
The United States continues to be the largest regional market for these types of products, in terms of volume and value in sales. The European market is driven by growing sales of UV systems and radical- and cation-free inks.
The research called "Printing Inks: Global Business Strategic Report" can be consulted by clicking here.
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