Solvent-Based Inks Market Expected To Grow At Around 5.2% CAGR During Forecast Period.

As per the analysts at Zion Market Research, the global Solvent Based Inks Market, estimating its value at USD 7.49 Billion in 2023, with projections indicating that it will reach USD 11.83 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.2% over the forecast period 2024-2032.. There is a high extent of competition amongst the players actively participating in the global solvent-based inks market. A huge number of players rule the solvent-based inks market. The prominent players within the global market consist of Dainichiseika Color & Chemicals Mfg. Co., Ltd., Tokyo Printing Ink Mfg. Co. Ltd., Flint Group, Toyo Ink SC Holdings Co., Ltd., and Sun Chemical Corporation.

Flourishing Packaging Industry Likely To Drive The Global Solvent-Based Inks Market Growth

The key factor propelling the growth of the global solvent-based inks market is the expanding packaging industry. The global extension of the transportation industry, particularly in the developing economies, and increase in industrialization are also expected to boost market growth. Solvent-based inks are widely utilized in several exterior applications within the packaging industry, as they provide resistance to unfavorable weather conditions.

Moreover, the speedy growth in the packaging industry is propelling the need for printed materials, which eventually is driving the solvent-based inks market growth. In addition, the increase in demand for advanced and flexible packaging, mainly in healthcare and food & beverage industries, is boosting the growth of the global solvent-based inks market. Furthermore, the surfacing of the digital printing industry is projected to amplify the solvent-based inks’ demand in the coming period.

Lithographic Segment To Rule The Global Solvent-based Inks Market

The global solvent-based inks market is bifurcated on the basis of printing technology, application, and region. The printing technology segment is categorized into gravure, lithographic, screen-printing, flexographic, digital, and letterpress. In 2018, the highest market share was held by the lithographic segment in terms of value. The segment is anticipated to stay extremely productive during the projected period as a result of the increase in printing of labels & tags and flexible packaging around the world. Lithography is widely utilized for printing catalogs, posters, and books, because of the faster technology turnaround and high-quality print.

Global Solvent-based Inks Market To be Governed By Asia Pacific During Forecast Period

Geographically, Asia Pacific is anticipated to govern the global solvent-based inks market with a remarkable growth during the forecast period on account of the expansion in food packaging and lamination industries in this region. the growth in this region can be attributed to factors such as plant expansions and large-scale production activities taking place in Asia Pacific. Further, in 2018, Europe and North America together registered over 50% stake of the global solvent-based inks market. Multinational corporations within Europe and North America are renowned for launching new kinds of solvent-based inks through R&D activities.

Browse the full “Soluble Fiber Market Raw Material (Fruits and Vegetables, Cereals and Grains, Other Plant Parts and Non-Plants Parts), Application (Insulin, Oligosaccharides, Resistant Starch, Resistant Maltodextrin, Polydextrose, Beta-Glucan, and Others), End user (Functional Food and Beverages, Animal Feed, Pharmaceutical Industry and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/solvent-based-ink-market

The global solvent-based inks market is segmented as follows:

By Printing Technology

• Lithographic
• Gravure
• Flexographic
• Screen-printing
• Letterpress
• Digital

By Application

• Label & packaging
• Commercial Printing
• Publication
• Others (including Wrapping Paper, Wallpaper, and Textile)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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