Press release
Solvent-Based Inks Global Market Report 2024 - By Demand, Share, Size, Industry Scope, Forecast To 2033
The solvent-based inks market size has grown strongly in recent years. It will grow from $8.47 billion in 2023 to $8.90 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth in digital printing industry, growth in the lamination industry, growth of the transportation industry, and rising investment in solvent-based inks usage.
The solvent-based inks market size is expected to see strong growth in the next few years. It will grow to $10.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to packaged material usage in food and consumer packaging applications, rise in popularity of bio-based solvents, increase in ad spending personalization, outdoor advertising and packaging offers, growing demand for printed materials. Major trends in the forecast period include need for high-quality prints, shift towards high-quality prints, customizable options, and durable coatings, focusing on ongoing research and development, integrated solutions, rapid development in ink.
Market Overview -
Solvent-based inks refer to a type of printing ink formulation that uses organic solvents as a carrier fluid for the pigment or dye particles. These inks are used in various printing processes such as flexography, gravure, and screen printing, as well as some types of inkjet printing. These are used to provide high-quality, durable, and fast-drying prints on diverse substrates such as paper, plastic, metal, and fabric.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=15003&type=smp
Increased Print Advertising Spending And Its Effect On The Solvent-Based Inks Market
The increasing printed advertising spending is expected to propel the growth of the solvent-based inks market going forward. Print advertising spending represents the cost of advertising in national and local newspapers, magazines, and business publications. Print advertising spending is on the rise because print media allows advertisers to target specific demographics and niche audiences with precision. It also helps build brand awareness and recognition by consistently exposing consumers to a brand's messaging over time. Solvent-based inks offer good resistance to fading and deterioration over time, ensuring that print advertisements maintain their visual impact and readability for extended periods. These are also compatible with high-speed printing equipment, allowing advertisers to produce large volumes of printed materials efficiently and cost-effectively. For instance, in April 2022, according to an article shared by the International News Media Association, a US-based global community of news media companies, the expenditure on advertising in print newspapers globally grew by 4.8% last year. Print revenue has grown by 13% in India. In Germany, 89% of newspaper revenue comes from print. Therefore, increasing printed advertising spending is driving the growth of the solvent-based inks market.
Competitive Landscape -
Major companies operating in the solvent-based inks market are BASF SE, Honeywell International Inc., Mitsubishi Chemical Holdings Corp., 3M Company, Henkel AG & Co. KGaA , Covestro AG, DuPont de Nemours Inc., Arkema SA, Avery Dennison Corporation , Sun Chemical Corporation, Huntsman Corporation, Clariant AG, H.B. Fuller, Altana AG, Flint Group, Ashland Inc., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., Huber Group Holding SE, SICPA Holding SA, Zeller+Gmelin GmbH & Co. KG, Tokyo Printing Ink Mfg. Co. Ltd., Wikoff Color Corporation, Lawter Inc., Heubach GmbH, FUJIFILM Europe GmbH, Eptanova S.R.L.
Innovative Product Developments Driving Competitive Advantage
Major companies operating in the solvent-based inks market are developing innovative products, such as ONECode solvent-based inks and coatings, to gain a competitive edge in the market. ONECode solvent-based inks and coatings are designed to simplify the flexible packaging printing process, reduce process waste, and increase ease of doing business for European flexible packaging converters. For instance, in July 2021, Flint Group, a Luxembourg-based printing company, launched ONECode solvent-based inks and coatings in Europe. The ONECode portfolio also incorporates overprint varnishes and primers under the NexisCode brand name and additives under the AdmixCode brand. The range offers high-quality, consistent results, optimized customer support, reduced inventories, and simplified ordering processes.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/solvent-based-inks-global-market-report
Key Segments -
The solvent-based inks market covered in this report is segmented -
1) By Product Type: Vinyl Inks, Vinyl-Acrylic Inks, Epoxy Inks, Polyurethane Inks, Cellulose Inks
2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital
3) By Application: Label And Packaging, Commercial Printing, Publication, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The solvent-based inks market size is expected to see strong growth in the next few years. It will grow to $10.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to packaged material usage in food and consumer packaging applications, rise in popularity of bio-based solvents, increase in ad spending personalization, outdoor advertising and packaging offers, growing demand for printed materials. Major trends in the forecast period include need for high-quality prints, shift towards high-quality prints, customizable options, and durable coatings, focusing on ongoing research and development, integrated solutions, rapid development in ink.
Market Overview -
Solvent-based inks refer to a type of printing ink formulation that uses organic solvents as a carrier fluid for the pigment or dye particles. These inks are used in various printing processes such as flexography, gravure, and screen printing, as well as some types of inkjet printing. These are used to provide high-quality, durable, and fast-drying prints on diverse substrates such as paper, plastic, metal, and fabric.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=15003&type=smp
Increased Print Advertising Spending And Its Effect On The Solvent-Based Inks Market
The increasing printed advertising spending is expected to propel the growth of the solvent-based inks market going forward. Print advertising spending represents the cost of advertising in national and local newspapers, magazines, and business publications. Print advertising spending is on the rise because print media allows advertisers to target specific demographics and niche audiences with precision. It also helps build brand awareness and recognition by consistently exposing consumers to a brand's messaging over time. Solvent-based inks offer good resistance to fading and deterioration over time, ensuring that print advertisements maintain their visual impact and readability for extended periods. These are also compatible with high-speed printing equipment, allowing advertisers to produce large volumes of printed materials efficiently and cost-effectively. For instance, in April 2022, according to an article shared by the International News Media Association, a US-based global community of news media companies, the expenditure on advertising in print newspapers globally grew by 4.8% last year. Print revenue has grown by 13% in India. In Germany, 89% of newspaper revenue comes from print. Therefore, increasing printed advertising spending is driving the growth of the solvent-based inks market.
Competitive Landscape -
Major companies operating in the solvent-based inks market are BASF SE, Honeywell International Inc., Mitsubishi Chemical Holdings Corp., 3M Company, Henkel AG & Co. KGaA , Covestro AG, DuPont de Nemours Inc., Arkema SA, Avery Dennison Corporation , Sun Chemical Corporation, Huntsman Corporation, Clariant AG, H.B. Fuller, Altana AG, Flint Group, Ashland Inc., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., Huber Group Holding SE, SICPA Holding SA, Zeller+Gmelin GmbH & Co. KG, Tokyo Printing Ink Mfg. Co. Ltd., Wikoff Color Corporation, Lawter Inc., Heubach GmbH, FUJIFILM Europe GmbH, Eptanova S.R.L.
Innovative Product Developments Driving Competitive Advantage
Major companies operating in the solvent-based inks market are developing innovative products, such as ONECode solvent-based inks and coatings, to gain a competitive edge in the market. ONECode solvent-based inks and coatings are designed to simplify the flexible packaging printing process, reduce process waste, and increase ease of doing business for European flexible packaging converters. For instance, in July 2021, Flint Group, a Luxembourg-based printing company, launched ONECode solvent-based inks and coatings in Europe. The ONECode portfolio also incorporates overprint varnishes and primers under the NexisCode brand name and additives under the AdmixCode brand. The range offers high-quality, consistent results, optimized customer support, reduced inventories, and simplified ordering processes.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/solvent-based-inks-global-market-report
Key Segments -
The solvent-based inks market covered in this report is segmented -
1) By Product Type: Vinyl Inks, Vinyl-Acrylic Inks, Epoxy Inks, Polyurethane Inks, Cellulose Inks
2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital
3) By Application: Label And Packaging, Commercial Printing, Publication, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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