Printing Inks Market - Forecast(2022 - 2027)
According to the International Trade Center (ITC), the total trade of printing inks was evaluated at approximately $12.23 billion as of 2018. [1] The demand for printing inks is attributed to the growth of the e-commerce industry, which is inducing a demand influx in the packaging industry, a key application segment of the printing inks market. Owing to its applications in various industries such as packaging, commercial printing, electronic, garment pricing, and the industrial sector, the global printing inks market attained a value of $19.1 billion in 2018. Furthermore, the demand for printing inks is poised to grow with a CAGR of 2.70% during the forecast period 2019-2025. Europe is experiencing tremendous growth in the printing inks market. There are more than 1 million individual ink formulations used by European manufacturers. [2] Manufacturers are innovating new formulations to meet the specific print technology and end-user demands. Henceforth, Europe held the maximum printing...