UV Cured Printing Inks Market Size Forecast to Reach $7.94 Billion by 2025


Posted October 5, 2020 by rohitkurup99

UV cured printing inks is the special kind of ink which consist of characteristics of quickly drying through the process of chemical photosynthesis.

 
UV Cured Printing Inks Market size is forecast to reach $7.94 billion by 2025, after growing at a CAGR of 15.57% during 2020-2025. UV cured printing inks is the special kind of ink which consist of characteristics of quickly drying through the process of chemical photosynthesis. The UV-curable inks vehicle consists of four components that is monomers, oligomers, pigments, and photoinitiators. The UV rays cured printing inks contains better physical properties which obtained by consuming less time, energy use, reduction waste and low population due to which they are widely used in various end use industries like packaging and others which is driving the UV Cured Printing Inks market.

Key Takeaways

Asia Pacific dominates the UV cured printing inks market owing to increasing demand from applications such as packaging.
UV systems emit virtually no hazardous air pollutants and only very small amounts of volatile organic compounds. They require no additional air pollution control equipment and are considered environmentally friendly. This offers high expansion opportunities for the market during the forecast period.
Increasing demand from package printing, publishing, newsprint, and other commercial printing is expected to boost the UV cured printing inks market.

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Geography- Segment Analysis Asia-Pacific dominated the UV cured printing inks market with a share of more than 42%, followed by North America and Europe.  Increased spending by consumers on packaged goods, especially in food and beverage, is the one of the major factors driving the UV cured printing inks market growth. The growth in the packaging industry is expected to majorly drive the printing ink market in India. According to the Indian Federation of Indian Chambers of Commerce and Industry (FICCI) and Tata Strategic Management Group (TSMG), the packaging industry in India is expected to rise from USD 46 billion, in 2016, to reach USD 73 billion, by 2020.

Drivers – UV Cured Printing Inks Market

Growing  food & beverage industries 


Market Landscape Technology launches, acquisitions and R&D activities are key strategies adopted by players in the UV cured printing inks market. Major players in the UV cured printing inks market are Flint Group, T&K TOKA Corporation. Ltd, DIC Corporation, Avery Dennison Corporation and Fujifilm Corporation, among others.

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Last Updated October 5, 2020