LONDON, Feb. 13, 2019 (GLOBE NEWSWIRE) -- A new report from The Business Research Company, Printing Inks Global Opportunities And Strategies To 2022 shows that the global printing inks market, which grew at a miserable 1% a year from 2014 to 2018, will grow at a more rapid annual rate of 3.1% to reach over $38 billion by 2022. Technological advances are a major driver of this improved growth rate. Companies in the printing inks industry have increasingly implemented new technologies including the Internet of Things (IoT), printing sensors, radio-frequency identification (RFID) chips for tags, 3D printing and conductive inks. Other drivers include increased sales of packaged goods in emerging markets and wider economic growth. Together these positive factors will offset the impact on the printing inks market size of the decline of the newsprint industry caused by the digital revolution and shortages of the raw materials used for printing inks manufacture.
The packaging industry will provide the best opportunities for printing inks manufacturers; this market will add over $3 billion of annual sales by 2022 from increased consumption worldwide of packaged food and beverages and growing demand in emerging economies for other packaged consumer products such as cosmetics, toiletries and pharmaceuticals. By formulation, water-based printing inks will grow most by 2022, ahead of solvent- and oil-based inks; by type of product, offset printing inks will present the greatest opportunities.
Printing Inks Global Market Opportunities And Strategies To 2022 is one of a series of new reports from The Business Research Company that identify opportunities and explain strategies, provide a market overview, analyse market size and potential, forecast market growth and explain market trends, drivers, restraints, and leading competitors’ revenues, profiles and market shares in over 300 industry reports, covering over 2400 market segments and 56 geographies. The market reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. Market analysis and forecasts are provided by a highly experienced and expert team of analysts and modellers. The reports identify the strategies most likely to succeed, and the segments, subsegments and countries that present the best market opportunities.
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