The global ink resins market accounted for $3,614.12 million in 2018 and is expected to reach $6,370.15 million by 2027 growing at a CAGR of 6.5% during the forecast period, according to Research and Markets.

Some of the key factors influencing the market growth include the growth of packaging and energy curable inks and upgrading supply of raw materials for ink resins. However, switching from traditional to internet marketing is restraining market growth.

Ink resins are used in printing inks for the control of viscosity, an increase of pigment adhesion properties, to increase solid content, gloss, in the improvement of pigment wetting and many others. Resins are part of printing inks composition. Resins are used depending upon the type of ink technology, the system on which printing is to be done and the end application.

Amongst application, the flexible packaging segment is going to have a lucrative growth during the forecast period due to high growth on account of an increasing trend of packaging due to online shopping and packaged food & beverages. By geography, Asia Pacific is likely to have a huge demand owing to the increasing demand for printing inks in the packaging industry. China accounted for the majority of the ink resin demand owing to the dominant packaging industry in the country.