Global UV Cured Printing Inks Market: Industry Analysis and Forecast (2020-2026)

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Global UV Cured Printing Inks Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ 1600.29 Mn.

The global UV Cured Printing Inks market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global UV Cured Printing Inks report also provides trends by market segments, technology, and investment with a competitive landscape.

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Global UV Cured Printing Inks Market Overview:

UV curing is a photochemical technique that employs high-intensity UV light to rapidly cure or dry inks, coatings, and adhesives. Because the ultraviolet (UV) curing method is based on a photochemical reaction, it employs light rather than heat. The UV-curable inks container is made up of four parts: monomers, oligomers, pigments, and photoinitiators.

UV cured inks have several benefits over previous drying methods, including increased production speed, lower reject rates, higher color accuracy, superior bonding increased scratch and solvent resistance, great print quality, high adhesion, scratch resistance, light fastness, enhanced color density, and a safer pressroom environment.
Global UV Cured Printing Inks Market Dynamics:

Drivers:

During the forecast period, the market for UV cured printing inks is expected to be driven by rising demand for packaging from a variety of applications, ranging from food to pharmaceutical packaging.

Due to constant technological advances, rising demand for innovative packaging inks, the growing trend for embracing eco-friendly printing inks, and massive R&D investments by major players to introduce creative and eco-friendly printing inks techniques, ultraviolet (UV) curing ink is expected to maintain its popularity in the industry sectors.

To meet the changing demands of consumers, the packaging sector is continuously developing. Increasing disposable incomes and a growing middle-class population are two major drivers boosting packaging demand across industries such as food and beverage, consumer goods, and industrial goods. The growing demand for packaged food and pharmaceutical goods in developing economies such as China, India, and others is projected to fuel the market's growth.
Restraints:

On the other hand, the fall in the conventional commercial printing industry, as well as poor conditions caused by the COVID-19 epidemic, are impeding the market's growth.
Global UV Cured Printing Inks Market Segment Analysis:

Based on Application, the packaging segment has led the market in 2019, owing to the varying availability in a range of finishes that can be used in surface protection, gloss finishes, and many other processes. Because they can fully dry during the printing process, allowing the product to move rapidly to the next stage of manufacturing, they have become a popular choice among producers. The use of UV-cured inks result in a higher overall dot and print effect, leading to a high finish. Formerly, UV-cured inks were rejected by the packaging industry, particularly in food packing, since these printing inks contain colorants and pigments, binders, additives, and photoinitiators that can transfer into the food product. However, ongoing advancements in the UV-cured inks sector have changed the landscape ever since.

Global UV Cured Printing Inks Market

For instance, Siegwerk, a provider of printing inks for packaging, labels, and catalogs, was the first to offer LED UV printing inks for food and pharmaceutical packaging. Siegwerk's new ink is regarded as a true breakthrough.
Global UV Cured Printing Inks Market Regional Insights:

Europe held the largest market share, with nations such as Germany, Italy, and others accounting for the majority of consumption. Europe is a global leader in the plastics packaging sector. According to the British Frozen Food Federation, sales of frozen food have grown dramatically as a result of greater awareness of good eating habits in the aftermath of the COVID-19 epidemic. Furthermore, overall frozen food sales in the United Kingdom grew by 28.3 percent in volume and 28 percent in value in March 2020 compared to the same time the previous year.

The United States of America has the world's biggest and most influential economy. However, the country's economic development has recently slowed, with a GDP growth rate of 2.2 % in 2019. Furthermore, the country's GDP declined by 4.8 percent in the first quarter of 2020 and by 31.4 percent in the second quarter,

Global UV Cured Printing Inks Market

demonstrating the devastating impact of the COVID-19 epidemic. In the United States, there is a large need for packaging, which is mostly driven by the growing demand from the digital printing market and the flexible packaging sector. The shifting trends in consumer behavior and manufacturers' increased convenience has aided the country's flexible packaging industry is growing at a quicker rate, which benefits the UV-cured printing ink market.

The objective of the report is to present a comprehensive analysis of the global UV Cured Printing Inks market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global UV Cured Printing Inks market dynamics, structure by analyzing the market segments and project the global UV Cured Printing Inks market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global UV Cured Printing Inks market make the report investor’s guide.
Global UV Cured Printing Inks Key Developments:

In June 2020, Sun Chemical and DIC Corporation have entered into a formal agreement to purchase 100 percent of Sensient Imaging Technologies and several other ink-related businesses. Sun Chemical and DIC will be able to enhance their inkjet ink capabilities and experience by utilizing complementary technology.

In June 2020, INX International Ink Co., a subsidiary of SAKATA INX CORPORATION, announced the completion of its acquisition of RUCO Druckfarben, a well-known printing ink company based in Eppstein, Germany. This should boost the company's printing ink business.
Global UV Cured Printing Inks Market Scope: Inquire before buying

Global UV Cured Printing Inks Market
Global UV Cured Printing Inks Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global UV Cured Printing Inks Market Key Players

• Sun Chemical (DIC Corporation)
• INX International Ink Co.
• Siegwerk Druckfarben AG & Co. KGaA
• Flint Group
• TOYO INK SC HOLDINGS CO. LTD
• APV Engineered Coatings
• Avery Dennison Corporation
• FUJIFILM Corporation
• Gans Ink & Supply
• ALTANA
• HP Development Company LP
• Marabu GmbH & Co. KG
• TOKYO PRINTING INK MFG CO. LTD.
• HUBERGROUP DEUTSCHLAND GMBH
• T & K TOKA Corporation
• Other Key Players

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