Increasing globalization, and internationalization has been a key trend shaping the global printing ink industry in the new millennium. A key result of globalization is the transfer of production bases, especially of time sensitive materials to cost effective Asian markets. Global Printing Inks Market is predicted to reach over US$17 billion in 2010. In volume terms, the worldwide printing inks market is projected to register a CAGR of about 2.8% for the period 2000-2010.
San Jose, CA (PRWEB) July 12, 2007 -- Global Printing Inks Market is dominated by the world's most affluent economy, the United States, which flaunts hundreds of companies engaged in manufacturing of printing inks. In terms of market size, United States is followed by Europe. In value terms, Europe is expected to emerge as the largest market by 2010, currently holding a share of about 29%. Asia-Pacific is expected to be the fastest growing printing inks market followed by Latin America. In Asia, publication and commercial printing is a growing business fuelled by developing markets such as China and India. Opening up of these economies has ushered in ample opportunities for demand expansion. Printing ink industry in Asia is poised for a period of vibrant growth, driven partially by high-end packaging applications, especially in Vietnam, Philippines, Thailand and Malaysia. In Indonesia refillable packages are on a steady rise. Lithographic ink represents the largest product segment for printing inks capturing over one-third market share.
Globalization in the printing ink industry is a trend ignited by the sheer number of multinational printing and publishing companies going global. Customers for printing ink are on the lookout for a single global integrated supplier. Despite being an appealing concept from a commercial standpoint, globalization has its own challenges and a company seeking to go global with its operations stands to contend with varying technical standards, diverse region specific legislations, and raw material availability. Printing ink consumption is highly interlinked to end-user needs, and is tailored and custom made to meet individual consumer needs and technologies.
Traditionally, price in the printing ink industry was determined through negotiated contracts. The extreme price sensitivity of printers has kept ink prices on a tight leash, with no major variation over the last decade. However, the scenario is all set to change with price hikes being declared across the industry, largely due to skyrocketing costs of raw materials and the resultant squeeze on profits despite every attempt to hedge its impact on profit margins. Finally catching up with the printing ink industry is the economics of supply and demand. Ink prices, which were hitherto artificially maintained at low levels by ink manufacturers seeking to offer value addition through low-priced high quality products, is now an unviable strategy. And the insurmountable pressure of rising costs of raw materials is a key reason underlying the problem.
GIA's comprehensive research report titled "Printing Inks: A Global Strategic Business Report" analyzes similar market trends with hard-to-find data and analytics for key regions such as the United States, Japan, Germany, France, the UK, Italy, and others alongside up and coming markets such as Asia-Pacific (excluding Japan) and Latin America.
The study also sheds light on trends, issues, and price dynamics prevalent in the industry. Also discussed is the competitive analysis of leading manufacturers in the printing inks industry, amply illustrated with numerous data rich, market data tables depicting major research findings. Demand patterns quantified both in value and volume terms across major product segments include, Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, and Digital Inks among others.
Dominant global forces in the market are Brancher Company, Encres Dubuit, Flint Group, Huber Group, and Royal Dutch Printing Ink Factories Van Son among others. In addition to the global leaders, the report offers detailed profiles of the dominating players in the US printing inks market -- INX International, Sun Chemical Corp., and Environmental Inks and Coatings Corp., among others. Dainichiseika Color & Chemicals of Japan, Encres Dubuit of France, Siegwerk Group of Germany, Sicpa Group of Switzerland, and several other regional players are also profiled in the report. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For complete description of this research report, please visit www.strategyr.com/MCP-2132.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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