DUBLIN--(BUSINESS WIRE)--The "Global Next-Generation Printing Ink Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report the market is likely to grow at a CAGR of around 8.24% in the forecast period of 2021-26. The growing demand for next-generation printing inks from textile & packaging industries, awareness for biodegradable products, and the rising building & construction industry has highly influenced the growth of the next-generation printing ink market.
Impact of COVID-19
The outbreak of the COVID-19 pandemic impact led to conditional containment actions concerning remote working, social distancing, and the closing of commercial activities that resulted in operational challenges. However, with the gradual lifting of restrictions, the market is likely to be back on track in the forecast period.
Market Segmentation
Apparel to Witness the Largest Market Share
Based on the application, the apparel segment is likely to witness the largest market share in the forthcoming years owing to the increasing use of garment printing ink in the textile industry. Printing ink providers focus on obtaining a competitive edge with next-generation improvements & advancements in the printing ink portfolio provided by them. Furthermore, producers use factors like the cost-effectiveness of textile printing ink to expand the business that shall also fuel the overall market growth.
Decorative Floor to Attain Largest Market Share
Based on Building and Construction, the Decorative Floor segment is likely to attain the largest market share. It owes to the rising construction projects in developing countries that are likely to drive the global market due to its booming demand for decorative flooring and the aesthetic appeal of wall tiles. Moreover, expanding construction expenditure shall further positively impact the market growth. It is mainly to meet the necessities of a thriving population in countries that forms a demand for residential & commercial infrastructures. Due to this, governments are taking actions to intensify the public infrastructure to increase market growth in the construction sector, reveals the publisher in their research report, "Global Next-Generation Printing Ink Market Analysis, 2021."
Regional Landscape
North America Dominates the Largest Market Share
In the North American region, the US dominates the Next-Generation Printing Ink Market due to factors, such as rising demand for fabric & garment printing with rigorous regulation for food-safe inks. These factors are also likely to drive market growth in the coming years. Moreover, digital printing for packaging shall attribute to factors, such as high disposable income, increasing consumer enduring sales, progressing demand for packaged foods, and multiple demographic changes. Furthermore, diverse strategies undertaken by leading ink manufacturers shall augment market presence, thereby contributing to the competitive landscape of the global market.
Market Driver
In marketing, the packaging gives knowledge about the quality & standard of a product. Therefore, product manufacturers want the packaging to be more attractive to sell them instantly in the market that can be made by printing high-quality graphics on substrates like textiles, plastic films, release liners, etc., by digital printers. They offer advantages like UV-cured printing with clarity, far superior detail, and quality. These printers also accommodate regional preferences, multiple languages, or targeted audiences by colors, images, and text. Hence, it is likely to drive the market in the coming years with a substantial value.
Competitive Landscape
According to the publisher, the major leading players in the Global Next-Generation Printing Ink Market are Roland DG Corporation, Sensient Technologies Corporation, HP Inc. (Hewlett-Packard), Sakata INX Corporation, Dover Corporation, Mimaki Engineering Co., Ltd., FUJIFILM Holdings Corporation, Memjet, Domino Printing Sciences PLC, DIC Corporation, Huntsman Corporation, Flint Group, Kornit Digital Ltd., DuPont de Nemours, Inc., Altana AG.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Next-Generation Printing Ink Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next-Generation Printing Ink Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in the Global Next-Generation Printing Ink Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Next-Generation Printing Ink Market study?
For more information about this report visit https://www.researchandmarkets.com/r/f2vdtq
