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Asia-Pacific Printing Inks Industry Set for Prosperity in Future
During the last few years, regional countries such as Indonesia, China, and India have emerged as some of the biggest printing inks markets in the APAC region.
By: P&S Intelligence
The surging consumption of packaged food items, on account of the changing lifestyle and increasing work pressure, will steer the APAC printing inks market at a CAGR of 4.6% during 2018–2023. According to P&S Intelligence, the market has the potential to reach $7,000.2 million by 2023 from $5,344.1 million in 2017. Moreover, the escalating gross domestic product (GDP) of APAC nations, soaring disposable income of people, and booming youth population will fuel the consumption of packaged food items, which is a key application area for printing inks.
With the rising preference for flexography inks, DIC Corporation, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Sakata INX Corporation, Daihan Ink. Co. Ltd., T&K Toka Co. Ltd., Yip's Chemical Holdings Ltd., Hubergroup India Pvt. Ltd., and SICPA have started adding these inks to their product portfolio. These companies are also involved in the production of sheetfed, coldest web, and heatset web offset lithographic inks, electrography and inkjet digital inks, gravure inks, and letterpress inks.
In recent years, Indonesia, China, and India have emerged as the leading consumers in the APAC printing inks market (https://www.psmarketresearch.com/
Thus, the rising uptake of packaged food items and growing packaging sector in APAC will boost the consumption of printing inks in the region.