Global Solvent-Based Printing Inks Market

The printing and related support activities market consists of sales of printing and related support activities by entities (organizations, sole traders and partnerships) that print products, such as newspapers, books, labels, business cards, stationery, business forms, and other materials, and perform support activities, such as data imaging, platemaking services, and bookbinding. The main types of printing and related support activities are printing and support activities for printing. Printing is a method of replicating text and pictures on paper using ink and a printing press. The different technologies include flexography printing, rotogravure printing, digital printing, offset printing and others. Printing and related support activities are used for packaging, advertising, publishing and other applications. The global printing and related support activities market size is expected to grow from $335.27 billion in 2021 to $347.08 billion in 2022 at a compound annual growth rate (CAGR) of 3.5%. The printing and related activities market is expected to grow to $377.33 billion in 2026 at a CAGR of 2.1%. Introduction of metal 3D and LED-UV printing is developing rapidly in offline post-press and finishing services market. These save energy, has shorter lead times, are environmentally friendly, provides consistent quality and have longer life. These technologies permit the immediate post-press of print products and impresses with a variety of colors, even on uncoated stock. For instance, companies such as Materialise NV, a 3D printing service provider and software developer are heavily investing in metal 3D printing technologies. Major companies in the printing and related support activities market include Dai Nippon Printing Co. Ltd., Taylor Corporation, RR Donnelley, LSC Communications Inc, SHUTTERFLY INC., QUAD/GRAPHICS INC., ENNIS INC, Japs-Olson Company, and The Crane Company and Gannett Co Inc. Asia Pacific was the largest region in the printing and related support activities market in 2021. North America was the second largest region in the printing and support activities market. The regions covered in the printing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the printing and related support activities market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam The global printing and related support activities market is segmented - 1) By Type: Printing, Support Activities for Printing 2) By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, OffSet Printing, Others 3) By Application: Packaging, Advertising, Publishing, Others Subsegments Covered: Commercial Printing (except Screen and Books), Commercial Screen Printing, Books Printing

The flexographic printing market consists of sales of flexographic printing technologies by entities (organizations, sole traders, or partnerships) that are used to print high volumes of labels and packaging. Flexographic printing is a modern printing technique that creates raised pictures on a variety of materials by using a flexible printing plate connected to a plate cylinder. The ink is transferred to the substrate by rotating the flexible inked plate at a high speed. The main types of printing equipment in flexographic printing are narrow web, medium web, and sheetfed. Narrow web printing is a rotary method with numerous in-line converting stages that is defined as any web with a width of 16" or less. The technologies involved include automatic, semi-automatic and is used in various applications such as corrugated boxes, folding carton, flexible packaging, labels, print media. It is implemented in several sectors including industrial, print media, food and beverage, consumer electronics, pharmaceutical, others. The global flexographic printing market size is expected to grow from $153.98 billion in 2021 to $160.4 billion in 2022 at a compound annual growth rate (CAGR) of 4.2%. The global flexographic printing market size is then expected to grow to $186.57 billion in 2026 at a CAGR of 3.9%. The increasing demand for packaged food products is expected to propel the growth of the flexographic printing market going forward. The packaged food products are foodstuff pre-packaged in the packaging to offer shelf life and sterility to food unless the packaging is damaged or opened. The growing demand for packaged food goods necessitates the use of flexographic printing to provide packaging that is convenient, attractive, cost-effective, and lightweight. On the label packaging, flexographic printing aids in the effective marketing of food goods and information about them. For instance, in 2021, the Food Industry Association (FMI) estimated that the packaged food and beverages online sales could reach $109 billion. Therefore, the increasing demand for packaged food products is driving the growth of the flexographic printing market. Technological advancement is a key trend gaining popularity in the flexographic printing market. Major companies operating in the flexographic printing sector are focused on developing new technological solutions to meet consumer demand and strengthen their position. For instance, MPS, a US-based company that manufactures flexo, offset, and hybrid printing presses for label converting and flexible packaging sector, launched E-Sleeve technology to improve print efficiency and quality. The technology includes pressure settings, precise concentric runout properties, increased dimensional accuracy for optimum register, and constant parallelism for the ideal register across the entire print length. The technology enables better speeds to generate results with assured quality tolerances and reliable production cost calculations. In November 2020, ABX, a US-based flexible packaging film manufacturer acquired the flexible packaging converting business of Berry Global for an undisclosed amount. With this acquisition, ABX aimed to enhance its geographic presence and capabilities with an expanded product portfolio to create a leading flexible packaging platform. Berry Global is a US-based company that offers flexographic printing technologies. Major players in the flexographic printing market are Star Flex International, Rotatek, MPS Systems B.V., Aim Machintechnik Pvt. Ltd., R. K. Label Printing Machinery Private Limited, Polygraph Limited, Shanghai Printyoung International Industry Co. Ltd., Wolverine Flexographic LLC, Edale, Shanghai Liu Xiang General Equipments Co. Ltd., KOMORI Corporation, Nilpeter A/S, Westrock Company, Windmoeller & Hoelscher Corporation, and Orient Sogyo Co. Ltd. Asia Pacific was the largest region in the flexographic printing market in 2021. The regions covered in the global flexographic printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the flexographic printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global flexographic printing market is segmented - 1) By Printing Equipment: Narrow Web, Medium Web, Sheet Fed 2) By Technology: Automatic, Semi-Automatic 3) By Application: Corrugated Boxes, Folding Carton, Flexible Packaging, Labels, Print Media 4) By End-User Industry: Industrial, Print Media, Food and Beverage, Consumer Electronics, Pharmaceutical, Others

The cellulose acetate market consists of sales of cellulose acetate products by entities (organization, sole proprietor, partnerships) that is a synthetic chemical formed by acetylation of the plant material cellulose. Cellulose acetate is a nontoxic, nonirritant, and biodegradable cellulose derivative that is created primarily by the action of acetic acid, acetic anhydride, and sulfuric acid on cellulose and is used to make textile fibers, packaging sheets, photographic films, and varnishes. The main types of cellulose acetate are fiber and plastics. Cellulose acetate fibers are produced by treating purified cellulose (linters or wood pulp) with acetic acid and acetic anhydride and are used for making textiles and substrates for motion picture camera film. It is used in various applications such as cigarette filters, textiles and apparel, photographic films, tapes and labels, others. The global cellulose acetate market size is expected to grow from $4.38 billion in 2021 to $4.71 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cellulose acetate market is expected to reach $5.79 billion in 2026 at a CAGR of 5.3%. The increasing consumption of cigarettes is expected to drive the growth of the cellulose acetate market going forward. Due to rapid economic development and population increase, cigarette use is predicted to rise in many low- and middle-income nations. Cellulose acetate is primarily utilized in the manufacture of cigarette filter tow, which is found in the vast majority of cigarette filters around the world. The filter tow aids in the removal of tar and nicotine while preserving a pleasant taste for the smoker. For instance, according to the Centers for Disease Control and Prevention, a US national public health agency, over 14 out of every 100 adults in the United States aged 18 and up (14.0 percent) smoked cigarettes in 2019, implying that roughly 34.1 million adults in the United States smoke cigarettes. Therefore, the growing consumption of cigarettes propels the growth of the cellulose acetate market. The development of biodegradable cellulose acetate products has emerged as a key trend in the cellulose acetate market. Manufacturers have started working on developing biodegradable cellulose acetate products due to the rising environmental effect of plastics. Biodegradable cellulose acetate improves the decomposition mechanism of natural products such as soil and water. For instance, in November 2020, Celanese corporation a US-based technology and specialty materials company launched Blue Ridge. Blue Ridge is a cellulose acetate product that can be used to manufacture backyard composting or broadly biodegradable products including straws. This product deals with the environmental, social, and governance norms and circular economy objectives. In July 2019, Eastman chemical company, a US-based chemical company acquired Industrias del Acetato de Celulosa S.A. (INACSA) for an undisclosed amount. Eastman obtains a well-known yarn manufacturer and a European location with the acquisition of INACSA, which will strengthen their capabilities to assist the worldwide textile supply chain. Industrias del Acetato de Celulosa S.A. (INACSA) is a Spain based company that is engaged in manufacturing cellulose acetate. Major players in the cellulose acetate market are Eastman Chemical Company, Solvay S.A., Celanese Corporation, Daicel Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd, Rayonier Advanced Materials Inc., Sappi Limited, Sk Chemicals Co. Ltd., Borregaard ASA, Rotuba Extruders Inc., Cerdia International GmbH, Dayang chem (Hangzhou) Co. Ltd., Haihang Industry Co. Ltd., and Merck Group. Asia Pacific was the largest region in the cellulose acetate market in 2020. The regions covered in the cellulose acetate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the cellulose acetate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global cellulose acetate market is segmented - 1) By Type: Fiber, Plastics 2) By Application: Cigarette Filters, Textiles and Apparel, Photographic Films, Tapes and Labels, Others

The printing machinery and equipment market consist of sales of printing machinery and equipment by entities (organizations, sole traders, or partnerships) that produce printing and bookbinding machinery and equipment, such as printing presses, typesetting machinery, and bindery machinery. The main types of printing machinery and equipment market are typesetting machinery, offset printing machinery, flexographic printing machinery, gravure printing machinery, printing trades binding machinery and equipment, and other types. The typesetting machinery refers to the machine that is used for letterpress printing. The various capacities include small, medium, and large. The various operations include autonomous, semi-autonomous, and manual. These are used in packaging, publication, and other end users. The global printing machinery and equipment market size is expected to grow from $46.58 billion in 2021 to $51.83 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global printing machinery equipment market size is then expected to grow to $76.34 billion in 2026 at a CAGR of 10.2%. Rapid advances in technology are expected to drive innovation in printing machinery and equipment market machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and to enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the printing machinery and equipment market machinery manufacturing market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the printing machinery and equipment market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Manufacturers depend heavily on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the printing machinery and equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Instant and on-the-go printing is one of the latest innovations in the printing machinery and equipment market. On-the-go printing refers to the wireless connectivity in printers that enable the user to commence printing hassle-free by using the smartphone app. This technology in printers encourages the next generation of young users to be more creative and accustomed to printer usage with technology. For instance, HP printers can be accessed through the HP Smart app without any computer or wired connections. Major companies in the printing machinery and equipment market Canon Inc, Konica Minolta, Inc, Fujifilm Corporation, Heidelberger Druckmaschinen AG, Xerox Corporation, Ricoh Group, Koenig & Bauer AG, Dover Corporation, Agfa-Gevaert NV, and Komori Corporation. Western Europe was the largest region in the printing machinery and equipment market in 2021. Asia Pacific was the second largest region in the global printing equipment market. The regions covered in the global printing machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the printing machinery and equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global printing machinery and equipment market is segmented - 1) By Type: Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery and Equipment, Others 2) By Capacity: Small, Medium, Large 3) By Operation: Autonomous, Semi-Autonomous, Manual 4) By End-Use: Packaging, Publication, Others

The print media market consists of sales of newspapers, magazines, other periodicals, books, directories and mailing lists, and other works, such as calendars, greeting cards, and maps and related services such as advertising space by entities (organizations, sole traders, or partnerships) that publish print media. The main types of print media are directory, mailing list, and other publishers, book publishers, newspaper & magazines publishers. Book Publisher refers to a company or person engaged in publishing periodicals, books, music, and others. The different business models include subscription, advertising and is used in publishing house, newspaper office, and others. The global print media market size is expected to grow from $305.44 billion in 2021 to $320.07 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $366.73 billion in 2026 at a CAGR of 3.5%. E-books sales are growing rapidly in established markets of the USA and Europe. eBooks generated a higher share of revenues than the physical print in developed markets such as the US and UK. According to PWC, total global book publisher revenue will increase, growing at a CAGR 1.7%, during the forecast period. Although the physical book publisher’s industry continues to shrink (-2.8%), this decline is offset by growth in e-books which are predicted to grow at a CAGR of 11.7% in the forecast period. Increasing consumer preference for the digital versions is expected to significantly impact the growth of the market during this period The outbreak of the Coronavirus disease (COVID-19) has acted as a significant restraint on the print media market in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of lockdown. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the print media market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The rise in social media and the increasing volume of consumer data is driving growth in the newspapers and magazines industry. Newspapers and magazines publishers can have broad and deeper visibility on their consumers, distributors, and other stakeholders. Publishers with the digital-first model are investing significantly in building in-house data and analytics teams. For example, Next Big Sound’s, Next Big Book application provides a dashboard for the publishing industry which offers information on sales, publicity events, social media, and web trends data regularly to offer a holistic view of the books’ performance. It will highlight factors that are the most influential such as news preferences, columnist preferences, and genre preferences. Major companies in the print media market include Bertelsmann SE & Co KGaA, Lagardere SCA, News Corporation, Grupo Planeta, QUAD/GRAPHICS INC., Scholastic Corporation, Hubert Burda Media, Kadokawa Corporation, Axel Springer SE, and John Wiley & Sons Inc. Asia Pacific was the largest region in the print media market in 2021. The Middle East is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the print media market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global print media market is segmented - 1) By Type: Directory, Mailing List, and Other Publishers, Book Publishers, Newspaper and Magazines Publishers 2) By Business Model: Subscription, Advertising 3) By Application: Publishing House, Newspaper Office, Others Subsegments Covered: Directory and Mailing List, Other Publishers, Consumer Books, Educational Books, Religious Books, Newspapers, Magazines

The printing inks market consists of sales of printing inks by entities (organizations, sole traders, or partnerships) that manufacture printing and inkjet inks. Printing inks are liquids that contain pigments or dyes, which are used to produce images, text, and designs. They are widely used in letterpress and lithographic printing. Printing inks consist of a pigment or pigments of the required color mixed with oil or varnish. For example, black ink made from carbon blacks is mixed with thick linseed oil or similar oil, often with rosin oil to which rosin varnish is added. Inkjet inks consist of a base carrier such as water, oil, or a solvent, and colorants such as dyes or pigments and small amounts of chemical additives to provide some unique characteristics. The main types of printing inks are oil-based printing inks, solvent-based printing inks, and water-based printing inks. Water-based printing ink is ink made with water rather than plastic or PVC. The product types are offset printing inks, flexographic printing inks, rotogravure printing inks, and digital printing inks. The various end-use industries involved are packaging, print media, commercial printing, and other end-use industries. The global printing inks market size is expected to grow from $28.21 billion in 2021 to $29.56 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The global printing inks market size is expected to grow to $34.36 billion in 2026 at a CAGR of 3.8%. 3D technology will be a driver of the printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In November 2021, Cubic Ink® materials from ALTANA and DP polar are revolutionizing industrial 3D inkjet printing. Multi-material capability for maximum productivity for a wide variety of printing materials is processed using the continuous Multi-material Jetting process. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing inks market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and associated chemicals manufacturing ecosystem. Market players have already started facing challenges due to shortages of raw materials. For instance, in June 2021, manufacturers in Asia, like Toyota and Honda, have faced supply chain challenges because of various materials shortages and COVID-19. The printing inks market witnessed consolidation with a significant number of mergers and acquisitions. Top companies in the printing inks market are strategically acquiring and merging with start-ups and mid-sized companies to broaden their products and services range or to enter emerging regions. For instance, in December 2020, Arkema, a France-based specialty chemicals and advanced materials company acquired Colorado Photopolymer Solution for an undisclosed amount. This acquisition will foster the development of an integrated offering of customized and formulated additive manufacturing solutions to accelerate the design of turnkey solutions for 3D printing. Colorado Photopolymer Solution is a US-based manufacturer of 3D printing. Major companies in the printing inks market include DIC Corporation, Arkema SA, Sakata INX Corporation, Siegwerk Druckfarben AG & Co, TOYO Ink Group, Dainichiseika Color & Chemicals Mfg.Co. Ltd, DuPont Inc, Agfa-Gevaert NV, T&K TOKA Corporation, and Ferro Corp. Western Europe was the largest region in the printing inks market in 2021. Asia Pacific was the second largest region in the global printing inks market. The regions covered in the global printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the printing inks market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The global printing inks market is segmented - 1) By Type: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks 2) By Product Type: Offset Printing Inks, Flexographic Printing Inks, Rotogravure Printing Inks, Digital Printing Inks 3) By End User Industries: Packaging, Print Media, Commercial Printing, Other End-Use Industries

The water-based printing inks market consists of sales of water-based printing inks and related services used for printing on fabric and paper. Water-based printing inks are referred to as aqueous inks and are dye and pigment inks. They are not waterproof and fade in UV light. The use of water-based printing inks has been limited due to compatibility with substrate materials, but they are successfully used in various applications including printing on fabric, paper, and some plastics. The main product types of water-based printing inks are acrylic water-based inks, maleic water-based inks, and shellac water-based inks. Acrylic water-based inks is ink made with water rather than plastic or PVC. The types are flexo inks, gravure inks, and screen printing inks. The various applications are the packaging industry, textile industry, art, and other applications. The global water-based printing inks market size is expected to grow from $8.54 billion in 2021 to $8.99 billion in 2022 at a compound annual growth rate (CAGR) of 5.3%. The global water-based printing inks market size is expected to grow to $10.63 billion in 2026 at a CAGR of 4.3%. 3D technology will be a driver of the printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In November 2021, Cubic Ink® materials from ALTANA and DP polar are revolutionizing industrial 3D inkjet printing. Multi-material capability for maximum productivity for a wide variety of printing materials is processed using the continuous Multi-material Jetting process. Water-based printing inks take a considerably large amount of time to be cured when compared with non-water-based printing inks. For the water-based printing inks printed on a surface, a certain temperature must be reached and held to completely dry the solvent used for printing. Though the printer can print the desired image quality and image onto a wide range of substrates, they cannot be done simultaneously, reducing the speed of the printer. This creates an obstacle to using water-based printing inks, thereby restraining the growth of the market. Many companies in the printing inks market are shifting from manufacturing petroleum-based printing inks to manufacturing environmentally friendly printing inks (green printing inks). Unlike petroleum-based printing inks, green printing inks do not contain heavy metals or other dangerous and toxic substances, therefore they do not cause excessive pollution in the landfill. Green printing inks are based on sustainable materials such as soy and other plant-based origins, which are more sustainable than petroleum. Examples of green printing inks include water-based and oil-based printing inks. The use of green printing inks results in a reduction of volatile organic compounds (VOC) released during the printing process. Major players in the printing inks market such as DIC Corporation, Flint Group, Sakata Inx, and others are providing green printing inks as part of their offerings. In October 2020, Flint Group is specialized in color management procedures, products, and services. It develops, manufactures, and markets an extensive portfolio of printing consumables and printing equipment acquired by Poteet Printing Systems for an undisclosed amount. This acquisition joins with a key element of Flint Group Packaging’s intention to improve not only organically but also via acquisition. Poteet Printing Systems is a US-based company that manufactures and markets water-based inks for Flexographic applications to printers and converters. Major players in the water-based printing inks market are Flint Group, Huber Group, Sakata Inx, Siegwerk Druckfarben Ag & Co. Kgaa, Dic Corporation, Toyo Ink Sc Holdings Co Ltd, Dow Corning Corporation, Evonik Industries Ag, T & K Toka Co, Ltd, The Sherwin-Williams Company, and Color Resolution International. Asia Pacific was the largest region in the water-based printing inks market in 2021. Western Europe was the second-largest region in the global water-based printing inks market. The regions covered in the global water-based printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water-based printing inks market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global water based printing inks market is segmented - 1) By Product Type: Acrylic Water-Based Inks, Maleic Water-Based Inks, Shellac Water-Based Inks 2) By Type: Flexo Inks, Gravure Inks, Screen Printing Inks 3) By Application: Packaging Industry, Textile Industry, Art, Other Applications

The oil-based printing inks market consists of sales of oil-based printing inks. Oil-based inks consist of a pigment or pigments of the required color mixed with oil. For example, black inks are made from carbon blacks and thick linseed oil. The main types of oil-based printing inks are vegetable oil-based printing inks and mineral oil-based printing inks. Vegetable-based printing ink is created from vegetable oil as a substitute for petroleum, such as soybean or maize oil. The amount of VOCs (volatile organic compounds) discharged into the air during printing is greatly reduced by using vegetable-based inks. The oil-based printing is applied in marking and coding, package printing, and signage that are used by packaging, print media, commercial Printing, and other sectors. The global oil-based printing inks market size is expected to grow from $10.88 billion in 2021 to $11.35 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The global oil-based printing inks market size is expected to grow to $12.95 billion in 2026 at a CAGR of 3.3%. The demand for environmentally friendly inks is increasing and it is expected to drive the oil-based printing inks market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks have been banned due to an explosion and fire that occurred in March 2019 in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks which can be used as a substitute for petroleum and chemical-based inks and it is produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, Mojoprint, which is Japan's number one English-language printing service company uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing inks market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and associated chemicals manufacturing ecosystem. Market players have already started facing challenges due to shortages of raw materials. For instance, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing inks supply due to global raw material shortages resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories. The printing inks industry has introduced high-resolution replacement inks as a cost-effective alternative for barcode case coding applications. High-resolution inks are more effective than traditional inks as they allow fine and solid printing at high speed. They also enable re-printability and drastically reduce the number of cleaning stencils required. For instance, IIMAK introduced Sure Scan II Plus, a high-resolution replacement compatible inkjet ink, which reduces the cost of printing and downtime, and eliminates waste. This functions as a replacement option that offers performance in various high-resolution inkjet printers such as Foxjet, Matthews, and Diagraph. Top companies in the market are developing high definition inks with premium durability, fast dry time, and a 12-month shelf life In October 2020, Flint Group Packaging Inks, an India-based Chemical manufacturer acquired Poteet Printing Systems LLC for an undisclosed amount. This acquisition strengthens Flint Group Packaging Inks’ position within, and technical support to, the Paper & Board market in North America. Poteet Printing Systems LLC, a USA-based Chemical manufacturer. Major players in the oil-based printing inks market are Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup, Sun Chemical, Wikoff Color Corp., and Siegwerk Druckfarben AG & Co. Western Europe was the largest region in the oil-based printing inks market in 2021. Asia Pacific was the second-largest region in the global oil-based printing inks market. The regions covered in the global oil-based printing inks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the oil-based printing inks market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The global oil based printing inks market is segmented - 1) By Type: Vegetable Oil-Based Printing Inks, Mineral Oil-Based Printing Inks 2) By Application: Marking and Coding, Package Printing, Signage 3) By End User Industry: Packaging, Print Media, Commercial Printing, Other End-Use Industries