India shares globally a major part of the Ink solvent market

India shares globally a major part of the Ink solvent market
on Dec 13, 2019

India is one of the major players in the ink solvent market. By 2026, the global ink solvent market is expected to reach US$ 1456 Mn, at CAGR of 5.91 % during the forecast period. Globally, the Ink solvent market is divided into the Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The increasing demand for printing ink from the publishing industry has boosted the growth of the ink solvent market. The Indian publishing industry is emerging as the fastest-growing industry. Publishing on a large scale also demands on a large scale. That is why India has is one of the big shots in the ink solvent market along with China and Japan. The current market of the Ink solvent is majorly driven by the publishing and packaging industry. The evolution in the packaging industry has boosted the demand for printed material which is boosting the adoption of the solvent-based inks as the product offers better properties such as weather-resistance. India also produces biodegradable inks as they enable eco-friendly printing. The environment is a major concerned now. People are raising their concern for the environment and taking the steps in favour of it. The use of biodegradable inks and the new printing technologies is on the progress as the packaging market continues to drive for sustainable products.