The worldwide printing inks market was anticipated to have garnered revenue worth about USD 14 billion in 2013. It is predicted to generate around USD 20 billion by 2020. The market is estimated to register about 5 percent CAGR from 2014 to 2020. Printing inks are utilized in applications with respect to printing. Such applications include publication, packaging, commercial printing, etc.
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The printing inks market is sliced on the basis of applications, products, procedures and geographies. On the basis of applications, it is fragmented into publication and commercial printing, packaging and others. Others includes decorative printing and so on. Packaging is predicted to be the most rapidly growing application.
The printing inks market, on the basis of products, can be sliced into printing inks which are oil-based, printing inks which are water-based, printing inks which are solvent-based and other printing inks. Other printing inks consist of inks which are UV-cured and so on. Printing inks which are water-based are anticipated to be the most swiftly growing product. The procedures market consists of gravure printing, lithographic printing, flexographic printing, digital printing and others.
Others consists of letterpress printing and so on. Lithographic printing occupied a significant share in the printing inks market in 2013. The geographies market is split into four regions. These are Asia Pacific, North America, Europe and rest of the world. North America leaded the printing inks market in 2013. The region occupied in excess of thirty percent of the revenue that year.
Flow in demand for printing inks from products in packaging applications is also expected to steer the printing inks market in the coming years.
Information Source: Radiant Insights