Screen Printing Inks market to reach $1,045.7 million by 2026 – Anticipated to expand at a CAGR of 4.5% by 2026

31 August 2020: 29 August 2020: A recent study report released by Transparency Market Research (TMR) indicates that the global screen printing inks market is anticipated to touch $1,045.7 million by 2026. The new report titled “Screen Printing Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,” published by TMR states that the market in India, Mexico, and Brazil is expanding at a substantial pace due to the rising demand for screen printing inks for use in automotive component printing.

Asia Pacific is expected to remain an attractive market for screen printing inks during the forecast period. International players have increased their focus on Asia Pacific, owing to large-scale production of automobiles and growth of the packaging industry in countries such as India, Vietnam and Singapore.

The report noted that packaging printers are a major end-user of UV-cured screen printing inks. Demand for UV-cured screen printing inks in the packaging industry has been increasing over the last few years. The global packaging industry is estimated to be valued at around $1,000 billion by 2020. Packaging is a key segment of the screen printing inks market. The packaging application segment comprises printing on several products such as flexible packages, corrugated containers, tags and labels, folding cartons and metal cans.

Demand for screen printing inks in Latin America and Middle East & Africa is anticipated to increase at a rapid pace, owing to a rise in the consumption of screen printing inks for automotive component printing.