The printing inks market in South Africa is highly
fragmented and the top six companies cumulatively accounted for more
than 60% in 2015. These companies are New Africa Inks (Pty) Limited,
Constantia Printing Inks, Hi-Tech Inks (Pty) Ltd., Flint Group South
Africa Ltd., Hostmann-Steinberg South Africa (Pty) Ltd., and NUtec
Digital Ink (Pty) Ltd. Transparency Market Research finds that the
penetration of global players is likely to create stiff competition
for the domestic players in the printing inks market in South Africa.
Browse Market Research Report @
The printing inks market is moderately fragmented and
is not dominated by any single manufacturer. Existing players are
constantly developing new products to expand their consumer base. For
instance, in August 2016, Flint Group Flexible Packaging launched
VarioLam AB LEC. This range of multi-functional polyurethane-based
(PU-based) inks are known to withstand the moisture, heat, and
pressure of the retort process, provide an extended shelf life, and
ensure the safety of the contents.
The South Africa printing inks market was valued at
US$85.89 mn in 2015 and is estimated to reach US$155.13 mn by 2024,
expanding at a CAGR of 6.9% therein.
Offset Printing Offering Strong Scope for Growth
In terms of volume, offset printing inks held the
dominant share of over 40.0% in 2015 and are anticipated to continue
leading the printing inks market in South Africa. The digital
printing inks segment, on the other hand, is projected to witness
strong growth during the forecast period, exhibiting an 8.6% CAGR
from 2016 to 2024.
By end use, the packaging sector is estimated to hold
a share of just over 44.0% by the end of 2016 in terms of value.
Registering a 7.3% CAGR during the course of the forecast period,
this industry is expected to emerge as the most rapidly expanding
end-use segment by 2024. The publication and commercial printing
industry is also a prominent market for printing inks in South Africa
and is projected to present several opportunities for growth.
Fill the form for an exclusive sample of this
report @
Surging Demand for Printing Inks in Packaging
Sector
The packaging industry – one of the major consumers
of printing inks in South Africa – is fueled by a surge in the
country’s GDP, an increase in individual disposable income,
continuously changing lifestyles of the consumers, and a growing
youth population. Any growth in the demand for packaged consumer
goods has a positive impact on the printing inks market in South
Africa.
“Various types of printing inks and varnishes are
used on a wide range of substrates and surfaces to develop
rub-resistant and weather-resistant properties on packaging
materials,” the author of the study has noted. Flexographic and
gravure printing inks are used extensively for flexible and
convertible materials. Low migration inks and water-based inks are
highly popular in the food packaging industry as these result in
lower side effects.
Dual Impact of Growing Popularity of
Digitalization
The trend of e-commerce is rising at a significant
pace across the globe, giving rise to trends such as e-books,
e-tickets, and online travel and hotel reservations. This has
resulted in a substantial decrease in paper-based communication
channels, thereby obstructing the conventional publication and
commercial printing industry. The South Africa printing inks market,
as a result, is threatened by this rapidly growing trend of
digitalization.
Nevertheless, the rising use of digital media does
offer the printing inks market in South Africa some respite as it is
likely to drive the demand for digital printing inks. “Digital
printing is used in textiles, fine arts, advertising, desktop
publishing, and architectural designs and is preferred over
traditional printing as it offers flexibility and speed,” the TMR
analyst states.
Get Request For Discount On This Report @
This review is based on the findings of a TMR report
titled “Printing Inks Market (Application - Screen Printing,
Flexographic Printing, Gravure Printing, Offset Printing, Digital
Printing, and Specialty Printing; End Use - Publication and
Commercial Printing, Packaging, Textiles, Metal Cans, and Decorative
Inks) - South Africa Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024.”
This report segments the printing inks market in
South Africa as follows:
Printing Inks Market – Application Analysis
- Screen Printing Inks
- Flexographic Printing Inks
- Gravure Printing Inks
- Offset Printing Inks
- Digital Printing Inks
- Specialty Inks
Printing Inks Market – End-user Analysis
- Publication & Commercial Printing
- Packaging
- Textiles
- Metal Cans
- Others (Decorative inks, etc.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment