Middle East Printing Inks Market Highlights Over 2022 - 2031

The Middle East printing inks market is estimated to garner around USD 3 billion in revenue by 2031 by growing at a CAGR of nearly 5% over the forecast period, i.e., 2022 –  2031. The growth of the market can be attributed to the increasing urban population's demanding for packed products. For instance, in the Arab region, the total population residing in urban areas was nearly 55% in 2015 and is estimated to grow around to 58% by 2030.

GET A SAMPLE COPY OF THIS REPORT

Additionally, the rising need for energy-curing inks for design and printing applications, and changing consumer buying patterns along with increasing demand for high-quality flexible packaging are also expected to propel the market growth.

The COVID-19 pandemic had a positive impact on the printing inks market on the back of the increased demand for packaged goods. Consumers preferred packaged commodities over loose products owing to their safety measures. As a result, these factors boosted the printing inks industry in the Middle East.  

However, drop in use of paper for printing in the Middle East, and the increasing popularity of e-books among consumers are the key factors restraining the growth of the market. 

The market is segmented by resin into modified rosin, modified cellulose, acrylic, polyurethane, hydrocarbon, polyamide, and others. Out of these segments, the acrylic segment is anticipated to hold the major share over the forecast period owing to its properties, such as flexibility and cost-effective design. In addition, acrylic has strong heat and water durability, better light and color stability, and is cheap to repaint and repair.

Middle East Printing Inks Market Geographical Synopsis

Geographically, the Middle East printing inks market is segmented into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), and the Rest of the Middle East. The market in Saudi Arabia is estimated to dominate the market over the forecast period on the back of the huge presence of food & beverage companies in the country owing to increasing working population demanding for packaged food products. For instance, according to The World Bank, the total number of the working population in Saudi Arabia was 15.9 million in 2020. Further, the food market of Saudi Arabia is expected to grow approximately 4% through 2022 - 2027.

UAE is expected to witness significant growth over the forecast period on the back of the increasing population. For instance, UAE’s population raised from 3 million in 2000 to 9.8 million in 2021.

Additionally, ink suppliers in the UAE are offering a wide range of packaging alternatives for various industrial sectors, such as food-grade options, drug companies, and extreme heat-protective products.

Growth Drivers and Challenges Impacting the Growth of the Printing Inks Market

Growth Drivers

• Increasing urban population demanding for packed products

• Rising need for energy-curing inks for design and printing applications

Challenges

• Drop in use of paper for printing

• Increasing popularity of e-books among consumers

Key Companies Dominating the Middle East Printing Inks Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the printing inks market that are included in our report are Wikoff Color Corporation, T&K TOKA Corporation, FlintGroup, Sakata Inx (India) Private Limited, hubergroup, Sun Chemical, Zeller+Gmelin, ALTANA, TOYO INK EUROPE NV, Siegwerk Druckfarben AG & Co. KGaA, and others.     

 Latest Developments in the Printing Inks Market:

• November 2018: Xerox Corporation, launched its first high-speed, six-station color press named The Xerox Iridesse Production Press, the first digital press that can print metallic gold or silver dry ink.

• March 2018: Toshiba Tec Corporation and Arabian Business Machine Co. announced the launching of the e-STUDIO 3508LP series, the world’s first series of monochrome multifunction systems with Toshiba’s unique hybrid print technology to print efficiently achieving the environmental goals.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.