The dramatic movements that are taking place in the global INK market will completely transform this market by 2023. Technology, global population changes and changing brand strategies in the use of printed packaging and other items that use ink in their printing, the ink market will face many changes by 2023. The Future of Global Ink Markets To 2023 examines these developments in its latest report, The Future of Global Ink Markets To 2023.
he ink and coating market for the publishing, graphics and packaging industries is very large and diverse and consists of many different sectors, each of which has its own specific conditions.
In 2018, more than 3.4 million tons of composites and coatings worth $ 39.1 billion were consumed worldwide. Payra predicts that by 2020 this figure will reach 3.6 million tonnes worth $ 44.7 billion, an increase of 14.3%.
The main reason for the increase in the price of ink and coating is the transition from analog to digital technology. Digital inks are more expensive than other printing inks. On the other hand, environmental concerns and new regulations have led printers to increasingly resort to more expensive, low-migration inks, as well as inks that improve their quality at high machine speeds. They do not touch.
The main reason for the increase in the price of ink and coating is the transition from analog to digital technology. Digital inks are more expensive than other printing inks. On the other hand, environmental concerns and new regulations have led printers to increasingly resort to more expensive, low-migration inks, as well as inks that improve their quality at high machine speeds. They do not touch.
Technological changes in the composite market
Technology has created a communication channel between companies and consumersB to C) And companies with companiesB to BBe subject to change and transformation. Internet and mobile communication now have a larger share of the advertising market and other communication methods than printing. This approach has a great impact on the publishing industry (especially newspapers), documents and transaction papers, manuals. (Directory) and has greatly reduced the circulation of these tea products. The advertising industry has increasingly turned to communication channels such as the Internet to earn more money.
Increase and change in world population
Unlike the publishing industry, global demand for packaging inks is growing. There are many reasons for this increase, the most important of which is population growth. According to statistics provided by various United Nations, the world population will increase from 7.38 billion in 2015 to 8.8 billion in 2025.
The urban development rate in this period will increase from 53.9% to 58.3%. Other demographic changes include the growth of the middle class, especially in Asia, and an increase in the number of single people who own or will become homeowners in the next few years.
These changes will increase the demand for packaging and ordering and smaller food packaging.
The printing industry as a whole will grow, but its growth rate will be lower than that of packaging. This growth is largely due to the growing economies of Asian countries, which to some extent offset the decline in economic growth in Western countries.
The value of this market will grow faster with the growth of digital printing, which is increasingly capturing the traditional offset printing markets.
Consumption of packaging inks in 2018 has been more than other sectors of the printing industry and will grow very well by 2023. In 2023, more than 40.8% of the total inks used in the printing industry will be used in the packaging sector.
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