The Global Printing Inks/Packaging Inks Market is said to grow with a CAGR of 6.7% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below:

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The global printing inks/packaging inks market is a highly fragmented market, which includes a number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

For instance,

• In June 2020, DIC CORPORATION announced that they had developed innovative new driers, an agent that expedites drying by accelerating oxidative polymerization for coatings and printing inks. It contains driers, that is, metal carboxylates that hasten to cure and dry. Thus the company has brought forward environment-friendly and cost-effective driers for their customer

DIC CORPORATION is the dominating player in the global printing inks/packaging inks market. The other key players existing in the market includes SAKATA INX CORPORATION, Siegwerk Druckfarben AG & Co. KGaA, TOYO INK SC HOLDINGS CO., LTD., hubergroup Deutschland GmbH, Flint Group, Kao Collins Corporation, SICPA HOLDING SA, T&K TOKA Corporation, and TOKYO PRINTING INK MFG CO.,LTD., among others.

DIC CORPORATION

DIC CORPORATION is headquartered in Tokyo, Japan, and was founded in 1908. The company has public ownership. It is a chemical company specializing in developing, manufacturing, and selling inks, pigments, polymers, specialty plastics and compounds, and biochemical. The company operates via various business segments such as Packaging and Graphic, Color and Display, and Functional Products, of which Packaging and Graphic is the market-focused segment. The company offers product categories such as Packaging and Graphic, Color and Display, Functional Products, New Business/ Developed Products in which Packaging and Graphic is the market-focused category.

• In April 2021, DIC CORPORATION announced that they had developed a drier agent that expedites the drying of coatings and printing inks by accelerating oxidative polymerization without cobalt compounds. The new product is made with manganese, the health hazards of which are minimal. DICNATE MV130A drier is for coatings and inks and uses sustainable vegetable-based esters as solvents. Thus the company has come up with a product that will help reduce the impact of driers on the environment

The company has a wide global presence across Europe, Asia, and America with its various subsidiaries such as SEIKO PMC CORPORATION (Japan), Sun Chemical Group Coöperatief U.A. (Netherlands), BASF Colors & Effects GmbH (Germany), DIC Asia Pacific Pte Ltd. (Singapore), AEKYUNG CHEMICAL Co., Ltd. (South Korea) among others.

SAKATA INX CORPORATION

SAKATA INX CORPORATION is headquartered in Tokyo, Japan, and was established in 1920. It has public ownership. The company offers inks and specialized coatings for commercial, rigid packaging, flexible packaging, and digital printing. The company offers a wide range of product categories such as Packaging Ink, Information Media Ink, Digital and Specialty Products. Under which Packaging Ink, and Information Media Ink are the market-focused categories.

• In July 2020, SAKATA INX CORPORATION introduced BSR-Bio, a new environmentally-friendly UV inkjet ink for corrugated packaging applications. The new sustainable ink option is formulated with 20-30% plant-derived materials, allowing brand owners and printers to benefit from reduced regulatory risk and measurable, reportable CO2 savings. Thus the company has brought a sustainable product solution for their customers, which will help to protect the planet and develop a circular economy

The company has a wide global presence across Europe, Asia, America, with its various subsidiaries such as Sakata Inx India Ltd. (India), INX International Ink Co. (U.S.), The INX Group Limited (U.S.), PT Sakata Inx Indonesia (Indonesia), Sakata Labostation Co., Ltd. (Japan) among others.

Siegwerk Druckfarben AG & Co. KGaA

Siegwerk Druckfarben AG & Co. KGaA is headquartered in Sieburg, Germany and was founded in 1830. It has private ownership. The company manufactures printing inks and coatings for packaging of any kind and magazines and catalogs. The company offers product categories such as  Flexible Packaging, Tobacco Packaging, Narrow Web, Paper and Board, Print Media, Sheetfed, Liquid Food Packaging, Digital Printing, and Plastic Tubes, which are also the market-focused categories.

• In June 2021, Siegwerk Druckfarben AG & Co. KgaA launched a new sustainable ink and coating range, UniNATURE. It is a sustainable water-based ink for paper and board applications. It is formulated with renewable and natural components, providing an environmentally friendly alternative to conventional inks. This company delivers new packaging innovations in line with a circular economy

The company has a wide global presence across Europe, Asia-Pacific, the Americas, the Middle East, and Africa.