Printing Inks Market: In-depth Research Report segmented based on Type and End-User Industry 2024

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.

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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.

The chief end users of printing inks in South Africa include publication and commercial printing, packaging, textiles, and metal cans. The packaging industry has emerged as a highly attractive end-use segment of the printing inks market in South Africa and the rising demand for packaged consumer products in the country is likely to boost the attractiveness of this market during the forecast period.

The publication and commercial printing sector is also a key contributor to the growth of the printing inks market in South Africa and the segment is likely to retain its share in the coming years owing to the stable growth of print media in the country. However, the gradual but steady shift from print to digital media is likely to hamper the demand for printing inks in the publication and commercial printing industry during the forecast period.

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.

Report Overview, with TOC – https://www.transparencymarketresearch.com/report-toc/15815

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