Global Ink Market to Reach US$ 22 Billion by 2021, Representing a CAGR of 3.5% during 2016-2021

Growing demand from letterpress and lithographic printing, publishing and packaging industry, constant innovations, popularity of eco-friendly inks and rising demand from the emerging markets are some of the factors that have fostered the global demand for inks. According to IMARC Group, the global ink market is expected to reach values worth US$ 22 Billion by 2021.

Ink refers to a liquid or a paste that contains pigments or dyes used to colour a surface in order to produce an image, design or text. A recently released report by IMARC Group titled “Ink Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a detailed Insight into the global ink market. Ink has been around since ages and plays a significant role in almost every aspect of human life as it can be found in newspapers, magazines, books, aluminium cans, etc. It can be bifurcated into two broad classes- printing inks and writing inks. The report finds that in the past few years, the consumption of printing inks has increased due to a number of factors. A rising demand from publishing and packaging industry has led to an increase in the demand for printing inks globally. Further, the increasing use of household printing devices has also contributed towards the growth of the global ink market. Other factors such as growth in letterpress and lithographic printing, affordability, product innovations, popularity of environment-friendly inks and rising demand from emerging markets are further stepping up the growth of the global ink market. IMARC estimates suggest that the market is expected to exhibit a stable growth with the total revenues reaching values worth US$ 22 Billion by 2021, representing a CAGR of 3.5% during 2016-2021.

Request A Sample Of This Report: http://www.imarcgroup.com/request?type=report&id=569&flag=B

The report has also segmented the global ink market on the basis of types and major regions. The different type of inks available in the market include oil-based inks, solvent-based liquid inks and water-based liquid inks. On a geographical front, Asia-Pacific currently represents the largest market accounting for one-third of the total global consumption. Asia-Pacific is followed by North America and Europe. The report further provides a detailed competitive landscape of this market. At present, Sun Chemicals represent the biggest manufacturer in this market. Other major players include Flint Group, Toyo Ink, Siegwerk Group, Sakata INX and Huber Group.

The report provides a comprehensive analysis for setting up an ink manufacturing plant. The study covers all the requisite aspects of the ink industry and provides an in-depth analysis of the global ink market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the ink industry in any manner.

Browse full report @ http://www.imarcgroup.com/ink-manufacturing-plant

IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the ink market, which has enabled the clients to successfully set up and expand their businesses. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development

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This release was published on openPR.