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Global Ink Market to Reach US$ 24.7 Billion by 2024

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"Ink refers to a liquid or paste which consists of dyes or pigments. It can be used for writing or drawing with a pen, brush or quill. Over the years, there has been a change in the variety and quality of pigments used in inks as a result of introduction of new technologies, availability of raw material and increasing awareness of ink’s effects on people and the environment. "

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:

  • The two-major end-uses of ink include packaging and publishing, and commercial printing.
  • Region-wise, Asia-Pacific dominated the market with a share of one-third of the total global production in 2018. It was followed by North America and Europe.
  • The types of ink available in the global ink market are oil based inks, solvent based liquid inks and water based liquid inks.
  • Different kinds of printing technologies in which ink is used are Lithographic, Gravure, Flexographic and Digital.
  • Being fragmented in nature, the global ink market is surrounded by a number of players. Some of these players include Sun Chemicals, Flint Group, Toyo Ink, Siegwerk Group, Sakata INX and Huber Group.

Click here for summary of the report: https://www.expertmarketresearch.com/reports/ink-market

global 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

  • Packaging
  • Publishing and Commercial Printing

Market breakup by Region

  • Asia-Pacific
  • North America
  • Europe

Market breakup by Ink Type

  • Oil based inks
  • Solvent based liquid inks
  • Water based liquid inks

Market breakup by Technology Used

  • Lithographic Printing
  • Gravure Printing
  • Flexographic Printing
  • Digital Printing

Top players

  • Sun Chemicals
  • Flint Group
  • Toyo Ink
  • Siegwerk Group
  • Sakata INX
  • Huber Group

 

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With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

 

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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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