The Ink Resin Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Ink Resin Market:
https://www.thebusinessresearchcompany.com/report/ink-resin-global-market-report
According to The Business Research Company’s Ink Resin Global Market Report
2024, The ink resin market size has grown rapidly in recent years. It will grow
from $4.13 billion in 2023 to $4.58 billion in 2024 at a compound annual growth
rate (CAGR) of 11.1%. The growth in the historic period can be
attributed to printing industry growth, increased demand in the packaging
industry, rise in environmental regulations, expansion of inkjet printing,
increased demand in flexographic printing sector.
The ink resin market size is expected to see rapid growth in the next few
years. It will grow to $7.05 billion in
2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be
attributed to increasing regulatory changes, rising demand for e-commerce
packaging, growing healthcare and pharmaceutical packaging sectors, rising
specialty inks use, adoption of 3d printing inks. Major trends in the forecast period
include water-based ink resins, uv-curable inks, low-voc formulations, hybrid
ink technologies, bio-based resins:.
An increase in consumer spending and online shopping is expected to propel the
growth of the ink resins market going forward. Online shopping is a type of
electronic commerce that enables customers to place direct orders for goods or
services from sellers using a computer browser. High-quality packaging is seen
as an additional expenditure by the majority of e-commerce enterprises since it
protects the item from damage during shipping, lowering the likelihood that buyers
will return it. Flexible packaging inks improve the graphic appearance and help
the package work better by maintaining the quality of the pictures during the
product’s production, packaging, transportation, and use. For instance, in June
2021, according to an article published by Oberlo, a Germany-based online store
where business owners can look for and purchase products to sell, the number of
digital purchasers accounted for 2.14 billion in 2021. That amounts to 27.6% of
the 7.74 billion people in the world. Digital consumers increased by 900
million more people in 2021, or 4.4%, year over year. Furthermore, in 2022, the
number of digital buyers is expected to be 266.7 million in the United States.
Therefore, the increase in consumer spending and online shopping is driving the
growth of the ink resins market.
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The ink resin market covered in this report is segmented –
1) By Resin Type: Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic,
Polyamide, Polyurethane, Other Resin Types,
2) By Technology: Oil-Based, Solvent-Based, Water-Based, UV-curable-Based,
3) By Printing Process: Lithography, Gravure, Flexography, Other Printing
Processes,
4) By Application: Printing And Publication, Flexible Packaging, Corrugated
Cardboard And Cartons, Other Applications,
Product innovations are the key trend gaining popularity in the ink resins
market. Major companies operating in the market are developing innovative
products such as improvements in 3D printing, and the introduction of new
technologies such as inkjet, offset, and others to sustain their position in
the market. For instance, in March 2022, ALTANA, a Germany-based developer and
manufacturer of high-quality, innovative specialty chemical products, is adding
new high-performance resins to its already released Cubic Ink 3D printing
material families. In this material category, the two new resin-based Cubic Ink
3D printing material series 'High Performance' and 'Prototyping' provide high
levels of flexibility, toughness, and heat resistance. The Cubic Ink printing
materials combine properties that allow them to be used as final components
with properties that are process-friendly, like low viscosity and resin
stability.
The ink resin market report table of contents includes:
1. Executive Summary
2. Ink
Resin Market Characteristics
3. Ink
Resin Market Trends And Strategies
4. Ink
Resin Market - Macro Economic Scenario
5. Global
Ink Resin Market Size and Growth
.
31. Global Ink Resin Market Competitive Benchmarking
32. Global
Ink Resin Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Ink Resin Market
34. Ink
Resin Market Future Outlook and Potential Analysis
35.
Appendix
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