Printing Inks Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The printing inks market was valued at USD 16,757.32 million in 2020, and the market is projected to register a CAGR of over 2% during the forecast period (2021-2026).
Due to the COVID-19 impact in the first half of 2020, various manufacturing plants were shut down, and the demand for packaging has declined. Thus, this affected the consumption of printing inks in the packaging sector. However, the food and beverage industry started recovering in the second half of 2020, which has shown a positive impact.
Key HighlightsThe printing inks market is a partially consolidated market, with the top five players accounting for around 45% (in terms of revenues generated) of the global market share. Major players include Sun Chemicals, Flint Group, Sakata Inx Corporation, Toyo Ink SC Holdings Co. Ltd, and Siegwerk Druckfarben AG & Co., among others.
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