INK INDUSTRY:

Ink has been around for ages and is used in almost every facet of life. Solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents, and surfactants are commonly used to make it in the form of a liquid or a paste. It is separated into two categories: printing inks and writing inks. Printing ink has seen an increase in demand in recent years as it is used to print books, posters, magazines, newspapers, calendars, journals, and photos. 

OFFSET PRINTING INKS:

Offset Printing Ink Because of increased product demand from the food, packaging, and pharmaceutical industries in the Asia Pacific area, the market size will grow tremendously. Offset inks are paste-like and contain solvents including mineral oil, vegetable oil, and fatty acid ester, among others. These inks are most commonly used on offset presses to create letterpress or lithography prints. They’ve been specially engineered to withstand chemicals that may be present on the printing press. These inks are frequently pigment-rich in order to achieve full colour vibrancy in a small amount of ink. Food sector growth has been robust in recent years in economies such as China and India, owing to rising population. Furthermore, as the region’s economy improves and consumers’ lifestyles change, demand for packaged food goods is on the rise, which will have a favourable impact on the offset ink market size. Food packaging is important for both selling and protecting the goods.

PRINTING INK INDUSTRY IN INDIA:

In the last ten years, the Indian ink industry has risen at a CAGR of more than 8%. Because of the rapid expansion of local print markets, the country is one of the fastest growing printing ink markets in the world. Supported by solid demand from major end user industries like package printing, newsprint, and publishing, among others.

• Label production and electrophotography are two areas where digital printing is quickly developing. Due to the rising use of digital printing, the packaging sector is likely to undergo a considerable transformation during the next decade.
• Digital printing has become highly popular among numerous brand owners due to its quick turnaround capacity. Recent advancements in digital printing, such as digital carton cutting, creasing, and other finishing technologies, have expanded the scope of flexible packaging, corrugated packaging, and folding carton applications.
• Because of the advantages of the inkjet process, such as its non-contact nature and low cost, it is widely used for printing big formats on a variety of substrates, making it ideal for packaging, and it can be more efficiently incorporated into existing conversion lines than toner systems.
• Over the last few years, the use of rigid packaging has increased due to changes in the food business and the country’s growing population.

GLOBAL MARKET OUTLOOK:

Increased demand for the product in the packaging and labelling industry, increased demand for environmentally friendly (vegetable-oil based) inks, technical improvements, and rising demand from emerging economies are driving the Global Ink Market. The industry is also predicted to maintain a steady growth rate. Due to its cost and high quality, lithographic ink has emerged as the most prominent technology in terms of technology. The global ink market is divided into three categories: oil-based, solvent-based, and water-based inks, with oil-based inks accounting for the majority of the market. The label and packaging segment dominates the application area in terms of applications. The global ink market is predicted to develop at a 3.0% compound annual growth rate (CAGR). The Asia Pacific region dominates the global ink market. Due to rising consumer disposable incomes, demand in the region is increasing.

TOP PLAYERS WORLDWIDE:

• GHQ Inks
• Original Sharpline Engineers
• Beautyflex Plastisol Inks Inc
• Bhawani Enterprises
• Ambika Printer Services
• Mittal Polyplast Private Ltd
• ESY India
• DIC/Sun Chemical
• Toyo Ink
• Huber Group
• T&K Toka
• Fujifilm North America
• ALTANA AG
• Wikoff Color
• Tokyo Printing Ink
• Uflex
• Doneck Euroflex S.A
• Letong Chemical
• Epple Druckfarben