Why is Worldwide Demand for UV-cured Printing Inks Surging?

The surging requirement of printing inks in several end-use industries, such as advertising, labeling, and packaging, is fueling their sales across the world. With the increasing gross domestic product (GDP) of many countries, surging disposable income of people, mushrooming population of young individuals, and rapidly changing lifestyles of people, the demand for packaged products is soaring, which is, in turn, driving the expansion of the packaging industry. This is subsequently fueling the requirement for printing inks.

The adoption of printing inks in the packaging industry is predicted to soar in the coming years, primarily because of their growing requirement in labels and tags, flexible materials, and metal cans. Besides, the rising demand for ultra violet (UV)-cured printing inks is also propelling their sales across the world. These printing inks provide low heat generation, zero ozone generation, long service life, and energy efficiency. Moreover, these printing inks are environment-friendly. 

Organizations, such as Co. KGaA and Siegwek Druckfarben AG are increasingly focusing on producing innovative and environment-friendly printing inks, such as UV-cured inks and water-based inks in order to achieve short production time and optimal efficiency. Furthermore, the growing public awareness about the benefits of using flexible printing products in directories, periodicals, inserts, catalogs, and magazines is also driving the expansion of the global printing inks market.

Globally, the sales of printing inks were observed to be the highest in North America in the years gone by. In this region, the demand for these inks was the highest in the U.S. during the last few years. On the other hand, in the Asia-Pacific (APAC) region, the sales of these inks were the highest in China, while Germany dominated the European printing inks market in the past years. Additionally, in Latin America, Brazil witnessed the highest demand for these inks, while Turkey registered the highest sales of these inks in Middle East and Africa during the past few years. 

Hence, it can be said without any hesitation that the demand for printing inks will surge sharply in the coming years, mainly because of their growing requirement in various end use industries, such as packaging and advertising.

Comments

Post a Comment

Popular posts from this blog

Why Oxygen-Free Copper Market Opportunities Galore in APAC?

Image
 The major factors in the global oxygen-free copper market are skyrocketing demand for oxygen-free copper wires in the electronics & electrical industry and electric vehicles (EVs). This surging demand is owing to their ease of welding, renowned creep resistance, high impact strength, high thermal and electrical conductivity, and high ductility. The market is predicted to grow significantly in the coming years. The outbreak of COVID-19 had disrupted the entire circular economy, significantly reducing this market’s sales because of the ruptured logistical network, shutdown of electronic & electrical product factories, and reduced EV production. Within the grade system, the oxygen-free copper market can be bifurcated into oxygen-free electronic and oxygen-free categories. The latter bifurcation generated higher revenue in the market in the past, not only in terms of value but also in terms of volume. The category will continue to exhibit this trend in the coming years as well. T
Read more

How Will Rapid Industrialization Drive Hydraulic Equipment Demand?

Image
The Government of India completed the construction of 2,734 projects under the Smart City Mission till 2021. The government is currently working on the construction of 100 smart cities, 6 new ports and 14 coastal economic zones (CEZs). Likewise, Infrastructure Australia (IA) approved the construction of 44 new infrastructure projects in February 2021. The rising construction activities, on account of the booming population and mounting investments being made in the construction sector, will propel the need for hydraulic equipment in the coming years. Additionally, the rapid industrialization in developing countries will drive the hydraulic equipment market growth during 2021–2030. According to P&S Intelligence, the market generated a revenue of $37 billion in 2020. For instance, the United Nations Industrial Development Organization (UNIDO) aims to offer institutional support to special economic zones (SEZs) and industrial and technology parks in Brazil. The UNIDO will help Brazil
Read more

Why Is OLED Material Consumption Highest in Asia-Pacific?

Image
The technology of TV displays has evolved significantly from the cathode ray tubes of the mid-20th century to the liquid crystal displays (LCDs) and light-emitting diodes (LEDs) of the first decade of the 21st century. With efforts on to make the displays even better, organic light-emitting diodes (OLEDs) have been invented, which are rapidly becoming popular in TVs, smartphones, laptops, tablets, and automotive displays. This is because of the several advantages OLED screens offer, including brighter pictures, larger viewing angles, ability to work in a wider temperature range, and lower power consumption. Moreover, OLEDs are so thin that they can be used for curved and folded screens, which are becoming rapidly popular, especially in wearable devices and other consumer electronics. Similarly, transparent displays, which are helping revolutionize advertising activities, have become possible due to OLEDs. P&S Intelligence cites these advantages and the constant research being put i
Read more