New York City, 08 February 2019: The global Printing Inks Market is anticipated to
reach USD 27.8 billion by 2026 according to a new study published by Polaris
Market Research.
The printing
inks market is considered as an impulsive sector due to frequently altering
consumer demands. Industry participants countenance several disruptive forces
and operational challenges from time to time; however, product demand has been
increasing yearly despite of such instances and the overall feedback of the
companies towards the market is optimistic. Nonetheless, printing inks in the present
industry scenario has to confront significant challenges to take full advantage
of the new-fangled opportunities rising through the integration of print and
digital ink media. More commercialization of printing inks stands at the cross
roads of a major structural and transitional change.
But for the
conventional ink manufacturers eager to expand their market penetration there
has never been a better time to be in printed communications. Most of the
traditional printing ink providers have extended their product catalogs to meet
the digital and more enhanced product formulations. The current industry
participants can be categorized into three distinct categories including the
first or leading twenty percent that are has been successful in achieving profitable
growth and are constantly diversifying their product portfolio satisfying the
customer needs to boost the global printing inks markets.
Next is the
middle sixty percent of the companies that are experiencing a stagnant growth
with profit margins becoming constantly squeezed and the bottom twenty percent
that have been witnessing significant declines in sales margins. The
market/end-use demand clearly indicates that for the middle sixty percent
category companies have significant opportunities for development of new
products and penetrate into novel markets. The global printing ink maket
economic picture has slightly improved for most of the manufacturers with bad
debts, access to bank lending and credits, all showing small improvements
however the debtor time span and lending cost still continue to have a negative
impact on most of the industry participants.
Increasing
automation has led to greater efficiencies of product or printing ink
formulations. Increasing utilization of printing inks globally in almost every
application of these products has been the major driving force the printing ink
market. Digital inks are expected to be the fastest growing product over the
forecast period, fueled by the advancements in digital technology such as print
speed and quality that has opened up new applications segments for digital
inks.
Competitive Landscape and Key Vendors:
Asia Pacific
was the largest regional market in 2017 and it is expected to emerge as the
fastest growing regional industry. The region is anticipated to account for the
maximum share of the overall worldwide market in terms of consumption. The
robust increase in product demand from the Chinese economy and the emerging
markets of the region including India, Vietnam, Thailand, and Indonesia are the
major trends.
Some of the
leading industry participants in the printing ink market include DSM, Diana
Group SA, Wild Flavors GmbH, DuPont, Archer Daniels Midland, Ashland Inc.,
Agropur Cooperative, Kerry Group, Associated British Foods Plc, Ingredion, KF
Specialty Ingredients, Eli Fried Inc., Frutarom and Naturex.
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