The global printing inks market is dominated by companies such as TOYO Ink Group, Royal Dutch Printing Ink Factories Van Son, Sakata INX Corporation, Flint Group, Wikoff Color Corporation, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, T&K TOKA Corporation, Sun Chemical Corporation, and Huber Group. The high number of players in the global printing inks market is likely to remain a feature of the market in the coming years, as the diverse presence of the printing inks market has enabled a number of revenue generation avenues.
One of the prime drivers for the global printing inks market is the rising demand from the packaging sector. The packaging sector has attained unprecedented importance in recent years due to the steady growth of ecommerce and rising demand for international shipping of non-consumer goods. Paperboard packaging has become important in the packaging sector due to its sturdy nature, and the global printing inks market has benefited immensely from the consistent demand for printing on packaging equipment. Rapid globalization has also resulted in growing demand from the global printing inks market and is likely to remain a key driver for the market in the coming years.
On the other hand, the printing inks market is restrained by the decline of the publishing industry in recent years, as digital publishing has become more popular due to its greater convenience to users. This has led to a reduction in the demand for printing inks from the publishing industry and is likely to hinder the printing inks market’s growth in the coming years. The rising number of newspapers focusing on digital subscriptions in addition to or even in place of conventional paper printing is a key factor in this and could damage the printing inks market significantly in the coming years.
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