Technavio Announces the Publication of its Research Report Global Packaging Inks and Coatings Market 2016-2020
Technavio recognizes the following companies as the key players in the global packaging inks and coatings market: AkzoNobel, Flint, PPG Industries, Sun Chemical, and Valspar
Other Prominent Vendors in the market are: ALTANA, Arkema, Axalta Coatings Systems, Brancher, ColorMatrix, CROMOS TINTAS GRAFICAS, Dainichiseika Color & Chemicals Manufacturing, DIC, Encres Dubuit, Environmental Inks and Coatings, Kansai Paint, Nippon Paint, Sakata, Siegwerk Druckfarben, T&K TOKA, Toyo Ink, Wikoff Color, and Zeller+Gmelin
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Commenting on the report, an analyst from Technavios team said: Inks and coatings that are designed to cure when subjected to UV light are environmentally safe as they are free of toxic solvents and do not emit VOC. Further, as these paints are cured using UV light rather than conventional sources such as heat and dry air, they reduce the energy consumed for curing by roughly 50% along with a shorter turnover time for printing.
According to the report, solvent-borne inks consist of hydrophobic resins. This results in an inadequate flow and formation of lumps while recycling the substrate in an aqueous condition, affecting the quality of the recycled product. However, waterborne inks are manufactured from water-dispersible polymers; therefore, they enhance the flow of the inks and significantly benefit the printers by reducing the overall cost.
Further, the report states that in emerging markets, the demand for solvent-borne inks is high because of the lack of stringent regulations. However, with increasing awareness regarding the use of VOC inks, the printing market in these regions is expected to shift toward eco-friendly alternatives. Consequently, the market vendors are increasingly investing in R&D for the introduction of regulation-compliant waterborne printing inks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Packaging Inks and Coatings
Packaging inks and coatings play a very significant role in transportation, warehousing, logistics, sales, and end-use. Packaging inks and coatings are made for the convenience of the customer and the requirements of the product. Apart from providing convenience to customers, packaging inks and coatings also play a major role in attracting customers to purchase the packaged products. Vendors in the market produce packaging materials using sustainable, renewable, and recyclable raw materials. These include paper, bioplastics, metal, glass, and flexible materials.
Technavios analysts forecast the global packaging inks and coatings market to grow at a CAGR of 5.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaging inks and coatings market for 2016-2020. To calculate the market size, the report considers the revenue generated by providing inks and coating services to substrates such as rigid plastics, flexible plastics, metal, paper, and others has been taken into consideration.
The market is divided into the following segments based on geography:
Technavio’s report, Global Packaging Inks and Coatings Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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