[FURL=https://www.industryarc.com/Report/11693/ink-additives-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Ink Additives Market[/FURL] is forecast to reach US$1.6 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026 due to increasing consumption for graphical printing on packaging. Printing inks are used for printing or coloring paper, plastics, textiles, and others. Ink additives such as defoamer, rheology modifiers, anti-oxidizer, wetting agents, dispersants, and others enhance the ink performance and provide an excellent printing output. Additives are used to improve the color strength and transparency of printing ink. The color depends on the intensity and saturation of dark/light ink.Key Takeaways
Asia Pacific dominates the market of ink additives due to increasing demand for additives such as wetting agents, surface modifiers, rheology modifiers, defoamers from the packaging industry for flexible packaging, label & bags, and others in Asian countries.
Increasing adoption of ink additives due to these are used to enhance printing quality and provide a clear graphical presence on packed food products, on printed images, posters, and others.
Additionally, the growing consumption of flexible packaging as they can be re-used and generate less waste is estimated to grow the consumption of ink additives in upcoming years.
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Ink Additives Market Segment Analysis – By Geography
Asia Pacific dominated the global ink additives market with more than the share of 36% in 2020 owing to increasing demand from the packaging industry in Asian countries such as China, India, Japan, and others. According to the Indian Brand Equity Foundation (IBEF), the packaging industry is expected to reach US$ 204.81 billion by 2025 from US$ 50.5 billion in 2019. The e-commerce packaging market is forecast to reach US$ 975.4 million by 2025. According to Cosmetic Europe, a personal care association, China’s cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21) in 2018. Furthermore, the cosmetics market increased by euro 29.4 billion (US$ 34.7 billion) in 2019 compared to euro 32.6 billion (US$ 36.4 billion) in 2018. Hence increasing demand from the cosmetics and food industry is estimated to grow the demand for flexible packaging which, in turn, is expected to boost the demand for ink additives.
Ink Additives Market Drivers
Increasing Demand for Flexible Packaging
Growing Consumption of Ink Additives for Inkjet Technology
Ink Additives Market Landscape
Major players in the Ink Additives Market include ALTANA, BASF, Croda International Plc, Elemenits plc, Evonik Industries AG, Hustman International LLC, PolyOne, Solvay, The Dow Chemical Company, Lubrizol, Clariant, and among others.
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