10.22.21
The global solvent-based inks market was valued at US$ 9,179.2 million in 2018 and is anticipated to expand at a CAGR of 3.50% from 2019 to 2027, according to a new report titled “Solvent-based Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,” published by Transparency Market Research (TMR). The global solvent-based inks market is driven by advanced properties offered by solvent-based inks over water-based inks.
Growth of the packaging industry is the primary factor boosting the global solvent-based inks market. Solvent-based inks are used extensively in various exterior applications in the packaging industry, as these inks offer resistance to adverse weather conditions.
Solvent-based inks are used widely in printing of products that are to be used outdoors, as these inks can adhere to non-absorbent materials. Solvent-based inks possess various advantages. For instance, these inks are fade proof, water proof, and scratch resistant. These qualities enhance its usefulness in outdoor printing.
Rise in demand for flexible and advanced packaging, primarily in food & beverages and health care industries, is driving the solvent-based inks market. Additionally, emergence of the digital printing industry is anticipated to augment the demand for solvent-based inks in the near future.
Growth of the packaging industry is the primary factor boosting the global solvent-based inks market. Solvent-based inks are used extensively in various exterior applications in the packaging industry, as these inks offer resistance to adverse weather conditions.
Solvent-based inks are used widely in printing of products that are to be used outdoors, as these inks can adhere to non-absorbent materials. Solvent-based inks possess various advantages. For instance, these inks are fade proof, water proof, and scratch resistant. These qualities enhance its usefulness in outdoor printing.
Rise in demand for flexible and advanced packaging, primarily in food & beverages and health care industries, is driving the solvent-based inks market. Additionally, emergence of the digital printing industry is anticipated to augment the demand for solvent-based inks in the near future.