The North America printing inks/packaging inks market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.1% in the forecast period of 2021 to 2028 and is expected to reach USD 3,183.73 million by 2028.
America Printing Inks/Packaging Inks Market - Scope and Size:
The North America printing inks/packaging inks market is segmented based on technology, type, resin, substrate, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of technology, the North America printing inks/packaging inks market is segmented into solvent based, oil based, water based, UV curable, LED curable, EB curable, and others. In 2021, the solvent based segment is expected to dominate the North America printing inks/packaging inks market as it is more durable. The high consumption of packaged goods and the flexibility of solvent inks are suitable for various applications, making them an easier choice.
· On the basis of type, the North America printing inks/packaging inks market has been segmented into flexo inks, offset inks, gravure inks, jet inks, metal decorative inks, security inks, and others. In 2021, the flexo inks segment is anticipated to dominate as it is a strong choice for volume production, and ink costs and material costs are relatively low. The availability of raw materials for this ink in the region makes it a cheaper and good choice for the packaging industry.
· On the basis of resin, the North America printing inks/packaging inks market has been segmented into polyurethane, acrylic, vinyl, polyamide, polyketone, nitrocellulose, and others. In 2021, polyamide is expected to dominate the North America printing inks/packaging inks market as it is mostly used for flexographic and gravure inks and laminating inks. The suitability of polyamide for flexographic technology raises its demand which is the top choice for general printing applications.
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Market Analysis and Insights- America Printing Inks/Packaging Inks Market:
Printer ink is a type of ink that flows smoothly, dries quickly, and is of a consistency able to hold enough color to make printed matter legible. It is made in a fashion similar to paint. Colored dyes are added to the liquid base and are mixed well. The base ingredient of printer ink is usually oil, either linseed oil, soybean oil, or petroleum distillate. Carbon black and varnish are combined to make basic black ink. Colored ink is made with dyes/compounds like peacock blue, yellow lake, diarylide orange, and phthalocyanine green. Color shading is adjusted through the addition of white pigments, such as titanium dioxide. In addition, it contains numerous additives to make it flow properly and adhere to the paper.
Packaging inks are applied on different substrates with the help of different printing processes depending on the requirement. The growth of the market of packaging ink is expected to be driven by the high demand from the food industry. In addition, rise in the pharmaceutical industry, the demand for packaging ink will increase.
America Printing Inks/Packaging Inks Market - Country Level Analysis:
The countries covered in the North America printing inks/packaging inks market report are the U.S., Canada, and Mexico. The U.S. dominates the market due to the high demand for packaging materials due to the fast-food culture. The high demand for packaged goods and food products also increases the demand for packaging inks/printing inks.
Key Players - America Printing Inks/Packaging Inks Market:
The major companies dealing in the North America printing inks/packaging inks are DIC CORPORATION, SAKATA INX CORPORATION, Siegwerk Druckfarben AG & Co. KGaA, TOYO INK SC HOLDINGS CO., LTD., hubergroup Deutschland GmbH, Flint Group, Kao Collins Corporation, SICPA HOLDING SA, T&K TOKA Corporation, and TOKYO PRINTING INK MFG CO.,LTD., among others in domestic players.
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MAJOR TOC OF THE REPORT:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global Autoclave Market by Product & Procedure type
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