Rise in Demand for Printing Inks in Packaging Sector Fuels Growth of Ink Additives Market, Global Market Valuation to Reach US$ 3.5 Bn by 2026, Finds TMR Study

- Growing requirements for packaging in F&B and healthcare industries expanding possibilities in ink additives market

- Manufacturers of ink additives collaborate with printing inks manufacturers to offer additives to meet the latter's customized requirements, new formulations in wetting agents to enter market

ALBANY, N.Y., Aug. 10, 2021 /PRNewswire/ -- Ink additives mainly comprise rheology modifiers and wetting agents, and are added to printing inks for use in a wide range of applications, broadly in packaging, publishing, commercial printing. Key end-use industries comprise food & beverages and healthcare. In particular, the growing demand for a range of packaging materials has been proportional to the increase in food production. As a result, the business avenues for printing ink manufacturers have also broadened considerably globally over the decades. This, in turn, has been expanding the canvas for ink additives market players. Overall, the expansion of the packaging sector has positively driven the opportunities for ink additives suppliers. On the other hand, rapid pace of digitization in publication in recent years has continuously hampered the demand for printing inks, thus impeding the market growth.

Globally, the ink additives market valuation was valued at US$ 2.2 Bn in 2017 and is projected to reach US$ 3.5 Bn by the end of 2026.

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Key Findings of Ink Additives Market Study

• Uptake of Flexography Inks in Key Applications to Spark Growth: Ink additives find extensive use in flexographic printing processes. The technique has been extensively used for printing on a wide range of substrates, notably for water-based, solvent-based, and UV-cured inks. The need for improving environmental characteristics for flexographic inks has fueled the demand for ink additives. Concomitantly, printing ink manufacturers have focused on improving the rheology of their products to meet the ecological aspects of printing inks, apart from functional properties of inks. A case in point is the development of graphene-based Nano-inks for additive manufacturing of flexible electronics. Stridently, additives for flexography printing inks have risen in production over the decades, thereby boosting the ink additives market growth.
• Expansion of Packaging Sector Positively Correlates with Expansion of Avenues in Ink Additives Market: The packaging sector has been one of the prominent consumers of printing inks. The need for incorporating safer ink formulations for printing among packaging sector has invigorated the pace of product innovations in the ink additives market. Furthermore, the demand for wetting agents used as ink additives has risen considerably over the years. These agents have gathered steam on account of their versatile use as defoamers, levelling agents, and dispersants. A large share of the demand for ink additives is being witnessed from the food packaging industry. Advancements made in food processing technologies have also boosted the uptake of printing inks in primary and secondary packaging materials. The healthcare packaging industry is one of the key areas where the rise in the demand for printing inks will spur growth, finds a market survey on ink additives.

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Ink Additives Market: Drivers

• Growing production of packaging to meet the requirements of various industries is a key trend expanding the value chain of ink additives
• Environmental regulations pertaining to the printing inks industry have shaped the evolution of the ink additives market
• Collaboration between printing ink manufacturers and ink additive manufacturers has offered growth opportunities for market players. Subsequently, the need for customized products will drive the revenue for the latter.

Ink Additives Market: Competitive Dynamics

A few players hold major share of the ink additives market, making the landscape fairly consolidated. The barrier to entry for new players is high, notes the study on ink additives market. Key players such as BASF SE, Altana AG, Evonik Industries, and the Dow Chemicals Company lean on constant product innovation to strengthen their position in the ink additives market.

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Global Ink Additives Market, by Type

• Wetting Agents
• Dispersants
• Defoamers
• Rheology Modifiers
• Others (such as compatibilizers and color boosters)

Global Ink Additives Market, by Printing Process

• Lithography
• Flexography
• Gravure
• Digital
• Others (such as screen printing)

Global Ink Additives Market, by Printing Inks

• Water-based
• Solvent-based
• UV-cured

Global Ink Additives Market, by Application

• Packaging
• Publishing
• Commercial Printing
• Others (such as marketing material)

Global Ink Additives Market, by Region

• North America
• U.S.
• Canada
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia & CIS
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa

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