With the Booming Packaging Industry Globally, the Next-Generation Printing Ink Market Expects around 8.24% CAGR during 2021-26

The Global Next-Generation Printing Ink Market is projected to grow at a CAGR of 8.24% in the forecast period of 2021-26, reveals MarkNtel Advisors in their recent research report. The growth of the market is driven primarily by the escalating demand for next-generation printing inks across the packaging & textile industries and rapid technological advancements in the printing inks to address their mounting requirements across different sectors. It, in turn, is generating remunerative growth opportunities for the leading market players. 

Besides, various initiatives by the governments of different countries worldwide for the development of anti-microbial inks as well as the active participation of prominent leaders in encouraging the adoption of sustainable ink products, are positively influencing the global market growth. 

Moreover, due to mounting inclination toward using biodegradable products, especially in emerging countries, the demand for next-generation printing inks is anticipated to rapidly upsurge in the coming years and boost the global market, further cites the research report, “Global Next-Generation Printing Ink Market Analysis, 2021.”

Packaging Application to Prevail its Market Dominance through 2026

Based on the Application, the Packaging industry dominated the Global Next-Generation Printing Ink Market with the largest share in recent years and is anticipated to prevail the same trend during the forecast period. It owes principally to the immense application of printing inks in the packaging of various products. Besides, since product packaging plays a crucial role in attracting customers, several manufacturing companies are substantially investing in the printing ink sector to bring unique packing solutions.

Moreover, the governments of different countries worldwide are laying out stringent regulations for manufacturers to ensure printing the manufacturing & expiry dates, quantity, prices, etc., on the packaging of products like food & beverages, cosmetics, etc. Hence, the demand for next-generation printing inks is soaring substantially across the packaging sector.

Rapidly Expanding Packaging Industry in China to Contribute Significantly to the Asia-Pacific Next-Generation Printing Ink Market Growth

On the geographical front, Asia-Pacific is projected to dominate the Global Next-Generation Printing Ink Market with the largest share during the forecast period. Across the region, China is likely to be the largest economy for market growth since it is the largest manufacturing economy and exporter because of its massive packaging industry.

Besides, with the growing use of rigid, flexible, and paper & board packaging materials across China, the demand for printing inks is projected to hike significantly across the country in the coming years & make a positive influence on the regional market growth, reveals MarkNtel Advisors in their research report, "Global Next-Generation Printing Ink Market Analysis, 2021."

Leading Companies in the Market

According to MarkNtel Advisors, the leading players in the Global Next-Generation Printing Ink Market are Mimaki Engineering Co., Ltd., Altana AG, Kornit Digital Ltd., DuPont de Nemours, Inc., Flint Group, DIC Corporation, Huntsman Corporation, Domino Printing Sciences PLC, FUJIFILM Holdings Corporation, Memjet, Sakata INX Corporation, Dover Corporation, HP Inc. (Hewlett-Packard), Roland DG Corporation, Sensient Technologies Corporation, Arrow Systems, Inc., Domino Printing Sciences plc, TOYO INK CO., LTD., Epson, Bühler Group

Key Questions Answered in the Study

1. What are the current & future trends in the Global Next-Generation Printing Ink Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Next-Generation Printing Ink Market?
5. What are the customer orientation, purchase behavior, and expectations from the Next-Generation Printing Ink providers across various regions?

Market Segmentation:

1. By Ink Type (Aqueous Ink, Solvent-Based Ink, UV-Cured Ink, Eco-Solvent Ink. Latex-Based Ink, Others)
2. By Printing Technology (Inkjet (Continuous Inkjet Printing Technology, Drop-on-Demand Inkjet, Printing Technology), Laser)
3. By Application (By Apparels (Direct-to-Garment, Roll-to-Roll (Fabric), Publishing and Printing, Signage, Security and Transactional Printing, Others (Books and Magazines)), Packaging (Signage and Display Graphics, Corrugated Packaging, Others (Flexible Packaging, Bottles, and Cans)), Building and Construction (Ceramic Tiles, Decorative Floors (Laminate Flooring), Others (Decorative Glass, Wallcoverings)), Cosmetics, Others (Printed Circuit Boards, Automotive, Healthcare, etc.))
4. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
5. By Competitors (Mimaki Engineering Co., Ltd., Altana AG, Kornit Digital Ltd., DuPont de Nemours, Inc., Flint Group, DIC Corporation, Huntsman Corporation, Domino Printing Sciences PLC, FUJIFILM Holdings Corporation, Memjet, Sakata INX Corporation, Dover Corporation, HP Inc. (Hewlett-Packard), Roland DG Corporation, Sensient Technologies Corporation, Arrow Systems, Inc., Domino Printing Sciences plc, TOYO INK CO., LTD., Epson, Bühler Group)