According to a new study published by Polaris Market Research the report “Middle East Printing Inks Market Size By Process (Gravure, Flexographic, Lithographic, Digital), By Resin (Modified Rosin, Modified Cellulose, Acrylic, Polyurethane, Hydrocarbon, Polyamide), By Application (Packaging, Corrugated Cardboards, Folding Cartons, Tags & Labels), By Countries] Segments & Forecast, 2019 – 2026″ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, Saudi Arabia dominated the market, in terms of revenue and accounted for the majority share in the Middle East region.
The Middle East printing inks market is estimated to reach USD 3.08 billion by 2026 growing at a CAGR of 4.5% during the forecast period .The print industry in the Middle East region is a diverse market space and varies from country to country. With every developed or developing country’s end-use industry dynamics, demand for printing inks in the countries vary significantly every year. In terms of volume or production, Turkey was the leader last year accounting for around 40% of the industry production, which was followed by Saudi Arabia and Iran.
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Middle East print industry was considered to be at an infliction point, as the growth of newspapers declined in 2011 and 2012. But from 2013 onwards, demand slowly started to increase for paper printing inks as newspapers demand started rising but the major role was though played by magazine printing. The traditional offset lithography still is among the leading segments of printing industry in the regional market, however flexographic inks has been witnessing tremendous rise in its demand patterns due to the developing packaging industry in Saudi Arabia, UAE and even Oman. In the present industry scenario, digital printing showed a robust growth, as demand for long runs has been shrinking and short runs along with variable printing are gaining popularity.
Some of the leading industry participants in the region include DSM, DuPont, Ashland Inc., Flint Group, Sun Chemical, Toyo Ink, United Ink Production Co., Ltd, Ink Products Company Limited, Zeller+Gmelin GmbH & Co. KG, T&K Toka.
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Middle East Printing Inks Market Scope
Polaris Market Research has segmented the Middle East printing inks market on the basis of Product, Application and Region:
Resin Type Outlook (Revenue, USD Billion, 2015 – 2026)
Process Type Outlook (Revenue, USD Billion, 2015 – 2026)
Application Type Outlook (Revenue, USD Billion, 2015 – 2026)
Tags & Labels
Country Outlook (Revenue, USD Billion, 2015 – 2026)
Rest of Middle East
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