The ink additives market is projected to experience a steady growth with a CAGR of 5.2% until 2032, starting from a value of USD 1.9 billion in 2022 and expected to reach USD 3.49 billion by 2032.
Driven by the booming e-commerce sector, there is a soaring demand for corrugated boxes, thus fueling the market’s expansion. Additionally, consumers’ increasing preference for flexible packaging and the introduction of various additives are bolstering market growth.
Furthermore, the rising adoption of recyclable products bodes well for the market’s prospects. The reusability of flexible packaging containers aids in waste reduction and fosters sustainability. Ink plays a vital role in enhancing the visual appeal of flexible packaging, maintaining image quality, and ensuring performance throughout the manufacturing, packaging, transport, and usage stages.
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Research efforts and product innovations are anticipated to drive market growth in the forthcoming years. However, the proliferation of digitization poses a challenge, as it facilitates easy access to e-books online at low costs, potentially impeding market growth.
Moreover, the market is predominantly dominated by two major technologies: water-based and solvent-based. Due to regulations concerning VOC emissions, there is a notable shift from solvent-based to water-based technology, thereby propelling the growth of the water-based segment in the market.
Furthermore, the market is anticipated to face challenges from sectors such as e-tickets, sporting goods, electronics, and toys, which may impede growth over the forecast period. For instance, dispersing agents play a crucial role in formulating inks to achieve the desired color combinations.
While the global printing ink additives market is poised for growth, factors such as fluctuations in raw material supplies and stringent environmental regulations on chemical additives are likely to restrain market expansion.
Forecasts suggest that Asia Pacific will witness an increase in its market share in ink additives during the forecast period. Emerging economies like Japan and China are experiencing a surge in demand for ink additives, driven by the growth of the commercial printing and packaging industries. Additionally, South Korea and India present promising growth opportunities for the market in the region.
In Europe, growth in the ink additives market is expected to be propelled by the increasing demand from digital printing markets. Countries such as Germany, France, and the U.K. hold significant shares of the market. Meanwhile, in North America, the U.S. is expected to drive market growth due to the rising demand for additives for ink pigments in developed countries.
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Top Key Players
- Evonik TEGO,
- BASF SE,
- HUNTSMAN,
- Dow Corning,
- Air Products and Chemicals Inc.,
- Shamrock Technologies, Inc.
Market Segmentations
By Regional Analysis
- North America
- Latin America
- Asia Pacific
- Japan
- Western Europe
- Eastern Europe
- Middle East & Africa
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