UV Cured Printing Inks Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
Global UV Cured Printing Inks Market is expected to reach US$ 1863.11 Mn. at a CAGR of 4.3% during the forecast period 2030.
The global UV Cured Printing Inks market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global UV Cured Printing Inks report also provides trends by market segments, technology, and investment with a competitive landscape.
UV Cured Printing Inks Market Overview:
UV curing is a photochemical technique that employs high-intensity UV light to rapidly cure or dry inks, coatings, and adhesives. Because the ultraviolet (UV) curing method is based on a photochemical reaction, it employs light rather than heat. The UV-curable inks container is made up of four parts: monomers, oligomers, pigments, and photoinitiators.
UV cured inks have several benefits over previous drying methods, including increased production speed, lower reject rates, higher color accuracy, superior bonding increased scratch and solvent resistance, great print quality, high adhesion, scratch resistance, light fastness, enhanced color density, and a safer pressroom environment.
To know about the Research Methodology :- Request Free Sample Report
UV Cured Printing Inks Market Dynamics:
Drivers:
During the forecast period, the market for UV cured printing inks is expected to be driven by rising demand for packaging from a variety of applications, ranging from food to pharmaceutical packaging.
Due to constant technological advances, rising demand for innovative packaging inks, the growing trend for embracing eco-friendly printing inks, and massive R&D investments by major players to introduce creative and eco-friendly printing inks techniques, ultraviolet (UV) curing ink is expected to maintain its popularity in the industry sectors.
To meet the changing demands of consumers, the packaging sector is continuously developing. Increasing disposable incomes and a growing middle-class population are two major drivers boosting packaging demand across industries such as food and beverage, consumer goods, and industrial goods. The growing demand for packaged food and pharmaceutical goods in developing economies such as China, India, and others is projected to fuel the market's growth.
Market Restraints:
On the other hand, the fall in the conventional commercial printing industry, as well as poor conditions caused by the COVID-19 epidemic, are impeding the market's growth.
UV Cured Printing Inks Market Segment Analysis:
Based on Application, the packaging segment has led the market in 2023, owing to the varying availability in a range of finishes that can be used in surface protection, gloss finishes, and many other processes. Because they can fully dry during the printing process, allowing the product to move rapidly to the next stage of manufacturing, they have become a popular choice among producers. The use of UV-cured inks result in a higher overall dot and print effect, leading to a high finish. Formerly, UV-cured inks were rejected by the packaging industry, particularly in food packing, since these printing inks contain colorants and pigments, binders, additives, and photoinitiators that can transfer into the food product. However, ongoing advancements in the UV-cured inks sector have changed the landscape ever since.
For instance, Siegwerk, a provider of printing inks for packaging, labels, and catalogs, was the first to offer LED UV printing inks for food and pharmaceutical packaging. Siegwerk's new ink is regarded as a true breakthrough.
Market Regional Insights:
Europe held the largest market share, with nations such as Germany, Italy, and others accounting for the majority of consumption. Europe is a global leader in the plastics packaging sector. According to the British Frozen Food Federation, sales of frozen food have grown dramatically as a result of greater awareness of good eating habits in the aftermath of the COVID-19 epidemic. Furthermore, overall frozen food sales in the United Kingdom grew by 28.3 percent in volume and 28 percent in value in March 2020 compared to the same time the previous year.
The United States of America has the world's biggest and most influential economy. However, the country's economic development has recently slowed, with a GDP growth rate of 2.2 % in 2023. Furthermore, the country's GDP declined by 4.8 percent in the first quarter of 2023 and by 31.4 percent in the second quarter,
demonstrating the devastating impact of the COVID-19 epidemic. In the United States, there is a large need for packaging, which is mostly driven by the growing demand from the digital printing market and the flexible packaging sector. The shifting trends in consumer behavior and manufacturers' increased convenience has aided the country's flexible packaging industry is growing at a quicker rate, which benefits the UV-cured printing ink market.
The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
UV Cured Printing Inks Key Developments:
In June 2020, Sun Chemical and DIC Corporation have entered into a formal agreement to purchase 100 percent of Sensient Imaging Technologies and several other ink-related businesses. Sun Chemical and DIC will be able to enhance their inkjet ink capabilities and experience by utilizing complementary technology.
In June 2020, INX International Ink Co., a subsidiary of SAKATA INX CORPORATION, announced the completion of its acquisition of RUCO Druckfarben, a well-known printing ink company based in Eppstein, Germany. This should boost the company's printing ink business.
UV Cured Printing Inks Market Scope: Inquire before buying
| Global UV Cured Printing Inks Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 1387.54 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 4.3% | Market Size in 2030: | US $ 1863.11 Mn. |
| Segments Covered: | by Curing Process | Arc Curing LED Curing |
|
| by Printing Process | Digital Printing Screen Printing Lithographic Printing Flexographic Printing Gravure Printing |
||
| by Application | Packaging Commercial and Publication Textiles Other Applications |
||
UV Cured Printing Inks Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
UV Cured Printing Inks Market Key Players:
1. Sun Chemical (DIC Corporation)
2. INX International Ink Co.
3. Siegwerk Druckfarben AG & Co. KGaA
4. Flint Group
5. TOYO INK SC HOLDINGS CO. LTD
6. APV Engineered Coatings
7. Avery Dennison Corporation
8. FUJIFILM Corporation
9. Gans Ink & Supply
10. ALTANA
11. HP Development Company LP
12. Marabu GmbH & Co. KG
13. TOKYO PRINTING INK MFG CO. LTD.
14. HUBERGROUP DEUTSCHLAND GMBH
15. T & K TOKA Corporation
16. Other Key Players
Frequently Asked Questions:
1. Which region has the largest share in Global UV Cured Printing Inks Market?
Ans: Europe region held the highest share in 2023.
2. What is the growth rate of Global UV Cured Printing Inks Market?
Ans: The Global UV Cured Printing Inks Market is expected to grow at a CAGR of 4.30% during forecast period 2024-2030
3. What is scope of the Global UV Cured Printing Inks market report?
Ans: Global UV Cured Printing Inks Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global UV Cured Printing Inks market?
Ans: The important key players in the Global UV Cured Printing Inks Market are – Sun Chemical (DIC Corporation), INX International Ink Co., Siegwerk Druckfarben AG & Co. KGaA, Flint Group, TOYO INK SC HOLDINGS CO. LTD, APV Engineered Coatings, Avery Dennison Corporation
5. What is the study period of this market?
Ans: The Global UV Cured Printing Inks Market is studied from 2023 to 2030