The global screen printing inks market size was valued at USD 642 billion in 2021 and is poised to grow at a significant CAGR of 2.5% during the forecast period 2022-28. Packaging adds a unique value to the product to give different look from other same products. Growing demand is there for UV-cured screen printing inks from the packaging industry and is likely to continue its demand in the future. Such inks see high demand in screen printing. Therefore, such trends are anticipated to impel the global market in the near future. Moreover, demand for eco-friendly screen printing inks enhances the market growth. Global packaging industry is anticipated to exhibit a lucrative growth during forecast period and this would significantly fuel the global demand for water-borne screen printing inks. Flexible packaging includes films, pouches and bags which can be wrapped around a product and are used in pharmaceuticals, personal care products, food items, cosmetics and beverages. A few of the major factors driving the market are growing disposable income of the middle class, increasing inclination for online reading, growing demand for screen printing inks from packaging industry and increasing awareness about wellness among consumers.
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Solvent-based inks contain toxic metals and inorganic solvents. Hence, using such inks may lead to several health exposures if such substances come in direct contact with edibles. Printing inks are chiefly used with solvents as base materials. Several safety regulations have been improved for avoiding unfavorable health consequences caused due to the toxic substances intake. Therefore, strict environmental regulations are connected with screen printing inks used in packaging. Environmental rules obliged on printing inks are one of the major factors constraining the demand for solvent-based screen printing inks.
Asia Pacific accounted for larger revenue share in the Global Screen Printing Inks Market
Global Screen Printing Inks Market report provide comprehensive outlook on screen printing inks around the globe with complete focus on major regions such as Asia Pacific, North America, Latin America, Europe, Middle East and Africa. Among these regions, Asia Pacific got major revenue share in the global market with significant CAGR rate due to the growing demand from end-use industries and furthermore international players have also increased their focus on Asia pacific because of major-scale production of automobiles and packaging industry growth.
The global screen printing inks market segmentation:
- By Type: Solvent Based, Water Based, UV Cured and Others
- By Application: Commercial Printing, Publication, Labels Packaging and Others
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Competitive Analysis - Global Screen Printing Inks Market
Major players working in the global screen printing inks market are Toyo Ink Co., Ltd. (Japan), Sun Chemical (U.S), Siegwerk Druckfarben AG Co. KGaA (U.S), Proell KG (Germany) and Nazdar Ink Technologies (U.S).
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