The North America ink market reached a value of around US$ 6.36 Billion in 2019. Ink has been around for centuries and it plays an important role in different aspects of human life. It is available in the form of a liquid or a paste and is primarily produced from materials like solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents and surfactants. It can be divided into two categories which include printing and writing ink. Over the past few years, printing ink has witnessed a higher growth owing to its utilized in printing books, posters magazines, newspapers, calendars, journals and photographs.
The ink market in North America is currently being driven by several factors. Owing to the hectic lifestyles of consumers and an increase in the on-the-go food consumption habits, there is a rise in the demand for single-serve ready-to-eat food products. This, in turn, is resulting in the expanding application of ink in the packaging industry. Further, the rising consumer awareness about bio-based ink, produced from algae cells and other plant materials, is expected to spur the demand for ink in the upcoming years. Looking forward, North America ink market is expected to reach values worth US$ 7.95 Billion growing at a CAGR of 3.8% during 2020-2025.
IMARC Group’s latest report provides a deep insight into the North America ink market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America ink market in any manner.
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