The hottest packaging market has rebounded with th

The packaging market has rebounded with the recovery of the global economy

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core tip: the packaging ink industry is also on the rise. It is estimated that the sales volume of packaging ink market in North America is about 2billion US dollars, and the annual sales volume of flexographic ink alone is more than 1billion US dollars

[China Packaging News] the packaging ink industry is also on the rise. It is estimated that the sales volume of packaging ink market in North America is about US $2billion, and the annual sales volume of Flexo Ink alone is more than US $1billion

according to smitherspira's report (2018 global packaging outlook), the global packaging market is worth more than $950billion. Among them, Asia is the largest consumer region, accounting for 36% of the market, and the market continues to expand; Followed by North America and Western Europe, 23% and 22% respectively In recent years, the market share of flexible packaging has rebounded significantly

the packaging ink industry is also on the rise. It is estimated that the sales volume of packaging ink market in North America is about 2billion US dollars, and the annual sales volume of flexographic ink alone is more than 1billion US dollars. Sheet fed offset printing ink and intaglio printing ink for packaging that can be used for folding cartons also account for a considerable proportion in the ink market. Although inkjet printing is still in the early stage of the development cycle, digital printing inks still attract some share of the packaging ink segment, and the interface is friendly. Globally, gravure inks occupy a more significant share in the packaging market in Asia and Europe

changing market

in the past few years, the packaging market has rebounded with the recovery of the global economy

Flint Group said that the packaging ink market, along with flexible packaging, paper, cardboard packaging and labels, has been improved step by step. They said that for many reasons, including light weight, excellent aesthetic performance and additional functionality, this type of flexible packaging is becoming more and more common. On the other hand, for most people, beverages and sterile products are packed with paper and cardboard, which is more novel and convenient than before. In the past few years, most ink manufacturers have admitted that there is no doubt that this is a market pursuing high-quality service and price. Customers are always looking for value drivers, such as continuous innovation, real process expertise, compliance guidance, and the ability to promote strategic change

for Huber group, they divide the ink market into two parts according to their own conditions: offset printing and liquid. In these two areas, the growth in demand for special effect inks is aimed at meeting the demand for high-quality packaging due to the increasing complexity of printing design and appearance. On the other hand, they noticed the pricing pressure of various standard packaging inks. For offset printing and packaging, part of the traditional ink business is slowly but continuously transferred to UV ink, and this situation is becoming more and more obvious

through the specific observation of the liquid ink industry, Huber group has seen some trends: reducing the number of ink product series used by users, or using concentrates for internal production to simplify the ink feeding effect and negative shrinkage will increase the management of the product supply chain; Add the definition of all printing processes; Take the enhanced consistency as the prerequisite for improving the standardization of production process; Develop more detailed terms for quality specifications (specific tests using numerical data, additional purchase terms, etc.); The restrictions on ink composition change with various changing legislation, especially in Europe (such as national legislation on food packaging); And the impact of packaging on the environment is becoming more and more sensitive

Huber group added: for liquid inks, the growth of different market segments is closely related to geographical regions. For example, in Europe, the growth of flexo printing ink is faster than that of gravure printing ink, while in Asia, the growth of gravure printing ink is significantly faster than that of flexo printing ink

Toyo ink company believes that taking the packaging market as an example can illustrate the convenience of modern society. These changes require packaging inks to meet certain physical requirements in terms of technology. As a large number of enterprises become more and more globalized through integration and acquisition, printing enterprises and corresponding customer requirements also begin to converge. It can be seen that solvent based and UV inks will become the fastest-growing packaging ink segment

current packaging trends

the global packaging market covers a wide variety and needs to meet the packaging needs of all kinds of consumers

Flint Group claims that the fastest-growing segment of the packaging market is the label market, especially shrinkable labels. The market segment of small packaging bag ink and composite ink has developed well. The growth rate of beverage, sterile products and special paper segments is faster than that of traditional folding carton and corrugated paper segments. The consumption of low-energy and led inks for narrow offset printing and sheet fed offset printing segment has increased sharply

for this kind of food packaging that needs direct contact with hands, the low mobility of ink is particularly important

Flint Group added that composite ink is the most significant area of growth, because some emerging markets obviously need to provide longer shelf life for packaged food, especially in emerging markets with special environment

in addition, Flint Group also proposed that the macro trends of the ink market include the increasing demand for clear sustainability and recyclability, the effect of improving aesthetic and economic characteristics, improving functionality for consumers, and innovation in efficiency, speed, and compliance

Toyo ink said that the main development trend of packaging includes solvent based inks for flexible films. Its main advantage lies in the comparison with water-based inks in terms of quality and speed. In addition, small bag printing is another development trend. According to their experience, the global growth regions are Brazil, India and China

Sun Chemical North America ink company found that driven by the FDA compliance policy guidelines adopted by Nestle and Switzerland regulations, the attention of various regulatory regulations around the world is increasing

sunchem said that for specific product lines, people are increasingly interested in water-based inks, especially for high-quality printing of pre printed corrugated boards. The biggest concern of water-based systems is to reduce the discharge of harmful substances. Sunchem also found that people have renewed interest in water-based inks of outer one component systems for high-performance composite inks and outdoor applications. As printers continue to develop towards faster printing speed, sunchem also found that everyone is still interested in solvent based inks, which can provide high-quality printing results by improving speed and efficiency. In addition, in order to obtain high-quality and differentiated packaging, the pursuit of special inks (metallic and color changing inks) and the use of HD flat panel technology is also increasing

in addition, sunchem also found that the market is increasingly interested in UV/energy curing products used in the packaging market and other applications, especially EC products that take the resistance performance of products as the key standard. At the same time, there is growing interest in the combination of EC flexographic printing ink and energy curing composite ink products

inx international ink company claimed that its business remained stable, and the business development of water-based and solvent based inks remained the same. They said: if people choose water-based ink, they will adhere to the product, and the same concept applies to users of solvent based ink. In addition, most of our customers will continue to use energy curing products, which they would not have done in the past