Development of the industry as the years went by, the printing industry and ink industry is no exception. With the growth of digital printing and packaging market, the leading ink companies are looking for more ways to serve their clients.
In North America, Top 20 of the report, Ink industry executives discussed their reactions to the changes occurred in the field of printing and ink.
One way is to acquire. In the last year, Flint Group acquired Xeikon and AdvancedColorSystems, EFI acquired ReggianiMacchine and Matan, Sensient acquired Xennia. Another way is to develop new products, which are all of the ink business must do.
European printing inks companies also appear similar trend. As can be seen in the review of the ink in Europe, The fastest growing sector in Europe may be printed industrial inkjet printing. Survey shows that from 2014 to 2020 the cumulative average increases of 36%.
For conventional ink manufacturers, their paint is the most expensive part of the formulation. The pigment report 2016 shows, industry leaders saw this change $30 billion market. Not surprisingly, pigment suppliers have seen a growing trend in the packaging, inkjet and UV inks field, the publishing and commercial areas in terms of sales is basically the same as a state.
An interesting new market is the conductive ink and paste for ink manufacturers, which is an estimated $2.3 billion market. In the conductive ink market, analysts and the conductive ink manufacturer explained the excellent market opportunities this area in the next few years, such as wearable devices, sensors and smart packaging.
There are many opportunities for growth in the field of printing, the ink suppliers are trying to put themselves in a position that can grow up with the customer.