Global UV Cured Printing Inks Market - Segmented by Curing Process, Printing Process, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4542944
  • Report
  • Region: Global
  • 130 pages
  • Mordor Intelligence
1 of 5

FEATURED COMPANIES

  • APV Engineered Coatings
  • ColorGen
  • Flint Group
  • Gans Ink & Supply Co.
  • Hewlett-Packard Company
  • Illinois Tool Works Inc.
  • MORE
The UV cured printing inks market is expected to witness a CAGR of more than 10% during the forecast period, primarily driven by the increasing demand from packaging sector. The rising adoption of eco-friendly printing inks is further propelling the demand of UV cured printing inks during the forecast period.

High Demand from Packaging Sector Driving the Market

The packaging industry is expected to experience a significant revolution over the next decade owing to the increasing application of digital printing. Digital printing is transforming the packaging industry by providing custom variation that gives products, on-shelf, and distinctions. Packaging substrate, such as corrugated boxes, cartons, and labels have provided eye-catching commercialization to have a positive impact on consumers. The variable data capability of the digital press is also enabling big food & beverage organizations’ versioning and personalization, which inspire rapid customer responses.

Flexographic Printing Expected to Witness a High Growth Rate

UV-cured systems have seen rapid expansion in certain segments of flexographic printing, especially among of mid-size presses and narrow web printing for labels. The process has several distinctive features that must be considered when formulating suitable UV-curing inks. It is widely used for printing on non-porous substrates required for various types of food packaging. It is also well suited for printing large areas of solid color. Food packaging is an important market because of the ability of flexography to print on non-porous substrates. This ability makes it useful for printing on plastic bags as well. With the increase in food & beverage processing industry, the demand of UV Cured Printing Inks is likely to grow during the forecast period.

Packaging Application Driving the United States Market

In 2017, North America was one of the major market for UV cured printing inks, with United States accounting for more than half of the region’s market share. In the United States, the packaging industry’s annual sales was worth ~USD 164 billion in 2017 and is estimated to witness a CAGR of ~4.9%, by revenue, during the forecast period. The flexible packaging market is growing at a faster pace owing to the benefits of flexible packaging and the end-users’ higher preference over other packaging types. In the United States, the flexible packaging market is projected to witness a CAGR of ~5.3% during the forecast period, due to the higher demand in the food & beverage, pharmaceuticals & medicals, retail bags, and other non-food related products.

Notable Developments

In September 2017, Sun Chemical launched a range of rapid curing UV-LED flexo inks for migration-compliant food packaging. They can be used on a wide range of plastic substrates, and provides high holdout on even the most absorbent substrates

Major Players: DIC Corporation, Toyo Ink Co., Ltd., Flint Group, FUJIFILM Holdings America Corporation and Tokyo Printing Ink Mfg Co., Ltd., among others.

Reason to Purchase this Report
  • To understand the impact of various printing process type on the market
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating application and curing process type in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

This report can be customized to meet your requirements. Please contact us for more information.

Note: This is an On Demand product, please allow 3-5 working days for delivery after order is placed.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • APV Engineered Coatings
  • ColorGen
  • Flint Group
  • Gans Ink & Supply Co.
  • Hewlett-Packard Company
  • Illinois Tool Works Inc.
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry

4. Market Dynamics
4.1 Drivers
4.1.1 Rising Adoption of Eco-friendly Printing Inks
4.1.2 High Demand from Packaging Sector
4.2 Restraints
4.2.1 Decline in Commercial Printing Industry
4.2.2 Stringent Regulations Regarding Disposal
4.3 Opportunities
4.3.1 Innovations in packaging inks

5. Market Segmentation and Analysis - (Market size, Growth and forecast)
5.1 By Curing Process
5.1.1 Arc Curing
5.1.2 LED Curing
5.2 By Printing Process
5.2.1 Offset Printing
5.2.2 Flexographic Printing
5.2.3 Gravure Printing
5.2.4 Digital Printing
5.2.5 Others
5.3 By Application
5.3.1 Packaging
5.3.2 Commercial & Publication
5.3.3 Textile
5.3.4 Others (Decorative and Security Printing)

6. Regional Market Analysis (Market size, growth and forecast)
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.1.4 Rest of North America
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
8.1 APV Engineered Coatings
8.2 Hewlett-Packard Company
8.3 Paul Leibinger GmbH & Co.
8.4 RUCO Druckfarben
8.5 Eastern Marking Machine Corporation
8.6 Flint Group
8.7 Gans Ink & Supply Co.
8.8 T&K Toka Co. Ltd.
8.9 NUtec Digital Ink Pvt. Ltd.
8.10 ColorGen
8.11 Marabu Inks GB
8.12 Mimaki Engineering Co. Ltd.
8.13 Nazdar Ink Technologies
8.14 Superior Printing Ink Co. Inc.
8.15 Illinois Tool Works, Inc.
8.16 Toyo Ink SC Holdings Co., Ltd.

*List not exhaustive

9. Disclaimer
**Subject to availability of public domain
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • APV Engineered Coatings
  • Hewlett-Packard Company
  • Paul Leibinger GmbH & Co.
  • RUCO Druckfarben
  • Eastern Marking Machine Corporation
  • Flint Group
  • Gans Ink & Supply Co.
  • T&K Toka Co. Ltd.
  • NUtec Digital Ink Pvt. Ltd.
  • ColorGen
  • Marabu Inks GB
  • Mimaki Engineering Co. Ltd.
  • Nazdar Ink Technologies
  • Superior Printing Ink Co. Inc.
  • Illinois Tool Works Inc.
  • Toyo Ink SC Holdings Co. Ltd.
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
Adroll
adroll