UV Offset Ink Market size is forecast to reach $7 billion by 2025, after growing at a CAGR of 12.8% during 2020-2025. It is a high-quality printing with UV inks and varnishes which harden immediately by UV light, with rise in printing technology the UV Offset Ink Market is witnessing an increase in demand. Growing public interest towards the low price of the print and high-quality printed products using the UV offset printing or digital offset printing technique will further enhance the overall market demand for UV Offset Ink during the forecast period.
Asia-Pacific dominates the UV Offset Ink Market owing to increasing demand from printing media.
Properties such as High reactivity, fast curing speed, good adhesion on synthetic and non-absorbent substrates, is likely to aid in the market growth of UV Offset Ink.
Factors such as high demand for digital printing from the packaging sector driving the market for UV Offset Ink in the near future.
Governments stringent regulations regarding the usage of UV-cured inks for food packaging is likely to hinder the market for the UV Offset Ink Market.
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Application – Segment Analysis
Food Packaging Printing holds the largest market share in the UV offset Ink market. The Packaging is the main card of a product. It’s the first visual and tactile impression the prospective purchaser gains in the shop. Food packaging is an immensely important segment in the packaging sector because it addresses both people’ basic needs and quality of life issues. It provides the consumer with a range of information that can be of crucial importance to their health. Depending on the design, the customer is given suggestions on how to prepare serve the food and in what quantities. The packaging also takes a practical function such as protecting its contents against damage and preventing them from going bad. It can also play an active role in ripening process or extend a product’s shelf life.
Drivers – UV Offset Ink Market
Growing demand for UV inks in 3D printing
Growing demand towards political parties
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the UV Offset Ink Market.Major players in the UV Offset Ink Market are Brancher, Flint Group, Hubergroup India Private Limited, Megami Ink Mfg Co. Ltd, Siegwerk, Suzhou Kingswood Printing Ink Co. Ltd, among others.
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