Epoxy Ink Market - Global Industry Report, 2030

Epoxy Ink Market: Introduction

• The global epoxy ink market is anticipated to expand rapidly during the forecast period, due to growth in the packaging sector
• Epoxy ink imparts important characteristics to printing inks. These include viscosity, strong pigment adhesion, high solid content, gloss, and improvement of pigment wetting.

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Key Drivers of Epoxy Ink Market

• Ink provides vital information about the goods that are packaged. It tells the purchaser the price, size, condition, and texture of the product; where and when it was made; and when it should be used by.
• Packaging addresses basic needs and quality-of-life issues of consumers. It provides the consumer with varied information that can be of crucial importance to their health: the degree of freshness and ripeness, color, shelf life, ingredients, and nutritional values. Many of the functions above can only be fulfilled by packaging, if printing inks are applied to packaging. Ink conveys information medium that simplifies and makes consumers’ lives safer in many aspects.
• The global packaging market stood at US$ 851 Bn in 2017, registering an increase of 2.8% over that in the previous year. It reached US$ 876 Bn in 2018 and is expected to reach US$ 980 Bn in 2022 and US$ 1,000 Bn in 2023. Rise in population and urbanization is fueling trade, and subsequently the use of packaging. Increase in online trade is further driving the need for packaging. Products are also being consumed on the go. This is boosting the need for food service packaging and different sizes of packaging.
• The printing ink market in Asia Pacific is projected to expand at a substantial pace during the forecast period. China is estimated to account for 48% increase in consumption of printing inks by 2022. Expansion of the packaging market in Asia Pacific can be primarily ascribed to the rise in demand for packaging in the e-commerce retail industry in countries such as China, India, Australia, Singapore, Japan, and South Korea.
• Inks are primarily used to print on flexible and rigid materials. Increase in preference for food & beverage packaging, flexible packaging, labels, tags, and corrugated board packaging is estimated to propel the epoxy ink market in the near future.

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Packaging Application Segment to Offer Lucrative Opportunities

• Based on application, the packaging segment accounted for major share of the global epoxy ink market in 2019. Packaging is the most common application of printing inks. All types of packaging require printing inks to denote information such as date of manufacturing, logo, and design.
• The commercial printing segment also accounted for key share of the global epoxy ink market in 2019. The segment is anticipated to gain higher share during the forecast period, due to increase in sale of paperback books. Sales of paperback books are increasing owing to an increase in subscriptions of e-books. This, in turn, is driving the commercial printing segment of the global epoxy ink market.
• The others segment comprises photograph reproduction, fine art, and wall covers. Market share of the segment is expected to decline during the forecast period, due to factors such as rise in digitization and increase in consumption of substitute products.

Asia Pacific Expected to Hold Major Share of Global Epoxy Ink Market

• Based on region, the global epoxy ink market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• In terms of demand, Asia Pacific dominated the global epoxy ink market in 2019, due to presence of a large number of manufacturers of food, beverages, and personal care products in the region. Asia Pacific has a rapidly expanding commercial printing industry.
• Europe also held vital share of the global epoxy ink market in 2019. Europe also has a strong rigid packaging industry. Food & beverages and personal care industries in the region have reached the saturation stage. Several countries in Europe are witnessing high per capita consumption of packaged products. Growth of the packaging sector in the region is propelling the demand for inks, as inks are mostly employed to print product details onto packaging.
• Rise in adoption of next-generation packing in North America is likely to be one of the key trends that would gain traction in the packaging industry. Growth of the packaging industry in the region is boosting the demand for epoxy inks in North America.

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Key Players in Market

Key players operating in the epoxy ink market include:

• AGC Inc.
• Central Glass Co., Ltd.
• Olin Corporation
• Nan Ya Plastics Corporation
• Hexion Inc.
• Kukdo Chemical Co. Ltd.
• Huntsman Corporation
• Chang Chun Plastics Co. Ltd.
• Aditya Birla Chemicals
• The 3M Company
• BASF SE
• Sinopec Corporation

Global Epoxy Ink Market: Research Scope

Global Epoxy Ink Market, by Process

• Flexography
• Lithography
• Gravure
• Digital
• Others

Global Epoxy Ink Market, by Application

• Packaging
• Publishing
• Commercial Printing
• Others

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