The development of cutting-edge printing technologies has ushered an era of innovation across several industries. New printing technologies have not just added greater aesthetic appeal to various printed artefacts, but have also popularized printing inks of various forms. The relevance of printing inks across leading industries such as packaging, education, and consumer goods remains uncontested. To meet the overwhelming demand for printing inks, over 1 million individual ink formulations are used across Europe alone. These formulations are used through a plethora of industries for coating and printing processes. The growth of the global printing inks market is a direct function of advancements in printing technologies.
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Inkjet Printing Gaining Popularity across the Length and Breadth of Key Industries
Manufacturing of printing inks involves the use of high-value solvents, additives, dyes, binders, and pigments. The availability of these materials is a prerequisite for manufacturing the right ink formulations that can cater to the needs of the end-user. Furthermore, development of premium and distinct inks is a matter of know-how, and manufacturers have intellectual property rights over the methods of manufacturing and formulation. For this reason, certain inks may be more popular than the rest. The use of phase-change, water- or solvent-based, and uv-curable inks is gaining momentum across the printing industry. While the aforementioned trends could aid market expansion, regulatory requirements have restrained the growth of the global printing inks market. Use of phthalates and toluene in printing inks remains largely regulated across key regions.
Popularity of Textile Printing Technology to Wither the Storm as Digital Copies Cause a Slump in Demand
Use of digital copies, especially across the government and corporate sectors, could ebb the popularity of printed materials. However, this slump in popularity could soon be compensated by the emergence of digital textile printing technology. Furthermore, the relevance of ink jet technology across the packaging sector has also created headways for growth within the printing inks market. As printing ideas evolve from paper-based printing to hard-surface printing, the demand for printing inks shall witness a sharp uptick. Plastic bottles, ceramic tiles, and packaging boxes are just some of the materials that are directly emblazoned with print inks. The use of inkjet technology for such printing lines has given a thrust to market growth.
Printing Inks are a Key Contributor to Economic Growth across Europe
Europe consumes over 1 million tonnes of coatings and inks annually. It is evident that printing inks are a vital means of communication, publishing, and education in the region. Moreover, the use of printing inks across packaging materials and books has also contributed to the growth of the printing inks market in Europe. The use of printing inks across the crafts industry in regions such as Europe and Asia Pacific has unraveled a new era of market growth and expansion. The pharmaceutical industry, although heavily regulated, is an age-old consumer of printing inks. The need to dispel warnings and key information related to drugs-use has given a thrust to the popularity of printing inks.
Some of the leading companies manufacturing printing inks are Sakata Inx, DIC Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, and Toyo Ink S.C. Holdings.
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