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

Introduction: The packaging ink industry is also on the rise. It is estimated that the North American packaging ink market has sales of about $2 billion, and annual sales of flexo-printed inks alone are more than $1 billion.

According to Smithers Pira's report (2018 Global Packaging Outlook), the global packaging market is worth more than $950 billion. Among them, Asia is a large consumer area, accounting for 36% of the market, and the market continues to expand; followed by North America and Western Europe, respectively 23% and 22%. In recent years, the market share of flexible packaging has rebounded particularly.

The packaging ink industry is also on the rise. It is estimated that the North American packaging ink market has sales of about $2 billion, and annual sales of flexo-printed inks alone are more than $1 billion. Sheetfed offset inks and gravure inks for packaging cartons are also available in the ink market. Although inkjet printing is still in the early stages of the development cycle, digital printing inks have attracted some share of the packaging ink segment. Globally, gravure inks have a more significant share of the packaging market in Asia and Europe.

Changing markets In the past few years, the packaging market has rebounded as the global economy rebounded.

According to Flint Group, the packaging ink market has been upgraded in a “step-by-step” manner with flexible packaging, paper, cardboard packaging and labels. They say that flexible packaging is becoming more common for a variety of reasons, including light weight, excellent aesthetics and added functionality. On the other hand, for most people, the use of paper and cardboard packaging for beverages and sterile products is more novel and convenient than ever. In the past few years, most ink manufacturers have admitted that there is no doubt that this is currently a market for service and price. Customers are always looking for value drivers such as continuous innovation, true process expertise, regulatory compliance, and the ability to drive strategic change.

For the Huber Group, they divided the ink market for their own situation into two parts: offset printing and liquid. In both areas, the growth in demand for special effect inks is designed to meet the needs of packaging due to the increasing complexity of print design and appearance. On the other hand, they noticed the pricing pressure of various standard packaging inks. For offset printing packaging, some of the traditional ink business is slowly but continuously transferred to UV inks, and this situation is becoming more apparent.

Through specific observations of the liquid ink industry, the Huber Group has seen trends in reducing the number of ink product lines used by users or in-house production using concentrates to simplify the management of the ink product supply chain; The definition of the printing process; the enhanced consistency as a prerequisite for improving the standardization of the production process; the development of more detailed terms for the quality specification (specific tests using numerical data, additional purchase terms, etc.); This is changing in a changing set of legislation, especially in Europe (such as national legislation on food packaging); and the increasing sensitivity of packaging to the environment.

The Huber Group added: “For liquid inks, the growth of different market segments is closely related to the geographical area. For example, in Europe, flexo inks are growing faster than gravure inks, while in Asia, gravure inks are growing significantly. Faster than flexo inks."

Toyo Ink believes that using 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 companies become more and more globalized through integration and acquisition, printing companies and corresponding customer requirements have begun to converge. It can be seen that solvent-based and UV inks will become a fast-growing packaging ink segment.

Current Packaging Trends The global packaging market covers a wide variety of products that need to meet the packaging needs of a wide range of consumers.

The Flint Group claims that the fast-growing segmentation packaging market is the label market, especially shrinkable labels. The small package ink and composite ink segment market is developing well. The beverage, aseptic and specialty paper segments are growing faster than traditional folding carton and corrugated segments. Low energy and LED ink usage for the narrow offset and sheetfed offset markets has increased dramatically.

For this type of food packaging that requires direct contact with hands, the low mobility of the ink is particularly important.

The Flint Group added that composite inks are a significant area of ​​growth, as some emerging markets clearly need to provide longer shelf life for foods in the package, especially in emerging markets where the environment is more specific.

In addition, Flint Group also proposed that the macro trend of the ink market includes increasing demand for clear sustainability and recyclability, improving the aesthetic and economic characteristics, improving consumer-oriented functionality, and efficiency, high speed. Innovate with compliance.

Toyo Ink said that the main development trend of packaging includes solvent-based inks for flexible films, the main advantage of which is the comparison of quality and speed with water-based inks. 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 found that the attention of various regulatory regulations around the world has been increasing, driven by the “FDA Compliance Policy Guidelines” adopted by Nestlé and the Swiss Regulations.

According to Sun Chemical, interest in water-based inks is increasing for specific product lines, especially for high-quality printing of pre-printed corrugated sheets. A major concern of aqueous systems is the ability to reduce emissions of hazardous materials. Sun Chemical has also found interest in water-based inks for high-performance composite inks and outdoor single-component systems for outdoor applications. As printers continue to move toward faster printing speeds, Sun Chemical has also found that there is still a strong interest in solvent-based inks that provide printing speed through improved speed and efficiency. In addition, in order to obtain high quality and differentiated packaging, the pursuit of special inks (metal color and color changing inks) and the use of high-definition flat panel technology is also increasing.

In addition, Sun Chemical has found an increasing interest in UV/energy curing products for the packaging market and other applications, particularly EC products that use the electrical resistance properties of their products as a key standard. At the same time, the interest in the combination of EC flexographic printing inks and energy curing composite ink products is also growing.

INX International Ink claims that the company's business remains stable, with the business development of waterborne and solvent based inks consistent. They said: "People who insist on water-based inks will stick to the product, and the same philosophy applies to users of solvent-based inks. In addition, most of our customers will continue to use energy-cured products, which they would not have done in the past. ”

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