Ink is widely used in the printing and publishing industry for printing books, magazines, newspapers, etc.; and in the packaging industry for labelling on plastic bottles, aluminium cans, jars, etc. According to a new report by Expert Market Research, the global ink market reached a value of US$ 19.7 Billion in 2018 and is further expected to reach US$ 24.7 Billion by 2024.
The production of ink witnessed a steady growth during 2014-2018. A significant development in the end-use industries like printing, publishing, packaging, letterpress, etc. has led to an increase in consumption of ink. Moreover, increasing affordability, innovation and introduction of environment-friendly inks, and rising demand from developing countries are some of the other factors which are encouraging the market growth.
Key findings from the report:
Click here for summary of the report: https://www.expertmarketresearch.com/reports/ink-market
Expert Market Research has analysed the global ink market according to key application areas, major regions, ink type, technology used and top players:
Market breakup by End-use
Market breakup by Region
Market breakup by Ink Type
Market breakup by Technology Used
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"Global Ink Market: By Region: Asia Pacific, North America, Europe, Others; By Ink Type, Oil Based Inks, Solvent-Based Liquid Inks, Water Based Liquid Inks, Other Inks; End-Use Industry: Packaging, Publishing and Commercial Printing, Others; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Competitive Landscape"
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