Global Packaging Print Inks Market 2017-2021

Overview of the global packaging print inks market

Technavio's market research report predicts that the global packaging print inks market will grow at a CAGR of nearly 6% during the forecast period. One of the primary drivers of this market's growth is the superior characteristics of waterborne printing inks. Flexographic printing process on non-absorbent polypropylene and polyethylene substrates for packaging applications use waterborne inks. Factors like improved print quality, less toxicity and flammability, reduced consumer costs, improved control of conductivity, and bactericidal action are advantages of waterborne printing inks. Moreover, waterborne inks were initially used in few applications in the packaging industry as they were not compatible with non-absorbent substrates used in food packaging. However, with the advancement of technologies in waterborne printing sector, these inks are used in the flexible food packaging industries propelling the global packaging print inks market.

One of the latest trends in the market that will gain traction is the slow growth of the metal cans and glass packaging segments. Environmental concerns like greenhouse gas emissions, water pollution, and waste generation have led to material sustainability issues adding to higher raw material costs and increased manufacturing costs. This, in turn, adds to the commodity prices and decreases the profit margins for the manufacturers of metal cans and glass packaging. Therefore, the segment is most likely to lose its market to plastics in the food and beverage market driving the global packaging inks market further.

Competitive analysis and key vendors

The global packaging print ink market is largely competitive with the vendors competing in terms of price, innovation, quality and performance, and customer focus. Global vendors also provide custom-made products to cater to the specific requirements of the consumers. Moreover, the market has presence of limited major vendors in printing inks that suits the requirements of the end-users.

Key vendors in the market are:

• DIC CORPORATION
• Flint Group
• INX International Ink
• Siegwerk Druckfarben

Other prominent vendors include AXALTA, BCM Inks, and Kao Corporation.

Segmentation by printing process and analysis of the packaging print inks market

• Lithographic printing
• Gravure printing
• Flexographic printing
• Digital printing

During 2016, the lithographic printing segment accounted for the major share of market and is expected to grow higher in the forecast period. Mainly used for commercial printers, lithographic printing provides advantages like higher plate life, better image quality, lesser costs and ink consumption, and printing flexibility. However, the market for web-fed offset inks is most likely to the lead the global packaging printing inks market during the next four years.

Geographical segmentation and analysis of the packaging print inks market

• APAC
• North America
• Europe
• ROW

In terms of geography, the global packaging print inks market is led by the North America and is expected to continue the domination during the forecast period. Factors like technological advancements with quicker and largely automated equipment will drive this market's growth in the region. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global packaging print inks market?
• What are the key market trends impacting the global packaging print inks market?
• What are the challenges to market growth?
• Who are the key vendors in the global packaging print inks market?
• What are the market opportunities and threats faced by the vendors in the global packaging print inks market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global packaging print inks market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Digital Printing Market for Packaging 2017-2021
• Global Packaging Inks and Coatings Market 2016-2020
• Global Aluminum Pigment Market 2017-2021

By identifying short- and long-term trends in customer behavior, competitors, growth potential, and challenges, Technavio brings a comprehensive collection of market research reports on the various aspects of the paints, coatings, and pigments sector, which is an integral part of Technavio's chemicals and materials industry. While analyzing the market space for the paints, coatings, and pigment sector, industry managers have noted that this market space is witnessing massive market development and structural transformations, which has created numerous business opportunities, at both international and regional levels, to influence the overall industry's growth. Our market research reports provide information on some of the leading participants in the chemicals and materials industry including GE Oil & Gas, Formosa Plastics, Airborne Oil & Gas, TOTAL, Chevron Oronite, B. Schoenberg & Co,  and Shell.

Technavio's research analysts have focused on several market insights to offer an all-inclusive picture of the growth prospects and latest trends for paints, coatings, and pigments like packaging print inks. The upcoming report on packaging print inks follows a careful approach of primary and secondary research, judicious use of appropriate analytical tools, and analyzing the current marketing trends, sales, and products. The growing importance of packaging tags and labels will propel the demand for advanced packaging print inks in the coming years. Our reports help clients make intelligent business plans and investment decisions so that your enterprise reaps high ROI.

Our upcoming market research report on packaging print inks also considers the growth of other progressive paints, coatings, and pigments markets like global printing inks market, which is expected to grow at a CAGR of more than 5% by 2020.  Technavio also provides a comprehensive analysis of the various rubber markets and helps suppliers gain a competitive advantage over their competitors by providing marketing and research strategies and the impact of economic conditions and other indicators on the markets.

The market report for packaging print inks also identifies the key drivers, emerging trends, as well as the challenges that the paints, coatings, and pigments industry is presently experiencing. It also offers insights into the changing competitive landscape to give businesses a realistic picture of the future direction of the chemicals and materials sector.