David Savastano, Editor11.20.17
The global packaging printing market is estimated at nearly $1 trillion, and is growing quite well. That is good news for energy curing ink specialists, as the use of UV, UV LEB and EB inks are also rising.
In 2015, Allied Research Markets calculated that the global UV ink market will reach $3.5 billion in 2020, with a CAGR of 15.7% from 2015-2020. These inks are found in many key growth sectors, including flexo, sheetfed and digital printing.
Tony Renzi, VP, product management packaging inks, North American Inks, Sun Chemical, reported that Sun Chemical saw growth in the UV/EB market in 2017 compared to 2016.
“UV inks for commercial printing was a sluggish market, but did grow with the utilization of more high energy HUV and LED type presses,” Renzi said. “The packaging market continues to lead the way for UV and EB growth, especially UV flexo, narrow web, tag and label, folding carton, and other emerging applications in flexible packaging. There is a new in
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
Already a subscriber? Login