South Africa Printing Inks Market: Stability of Printing Industry Threatened by Rising Shift toward Digital Media, notes TMR

The printing inks market in South Africa is highly fragmented and the top six companies cumulatively accounted for more than 60% in 2015. These companies are New Africa Inks (Pty) Limited, Constantia Printing Inks, Hi-Tech Inks (Pty) Ltd., Flint Group South Africa Ltd., Hostmann-Steinberg South Africa (Pty) Ltd., and NUtec Digital Ink (Pty) Ltd. Transparency Market Research finds that the increasing penetration of multinational printing inks industry players is likely to create stiff competition for the domestic players in the South Africa printing inks market.

The South Africa printing inks market is not dominated by any single manufacturer. Existing players are constantly developing new products to expand their consumer base. For instance, in August 2016, Flint Group Flexible Packaging launched VarioLam AB LEC. This range of multi-functional polyurethane-based (PU-based) inks are known to withstand the moisture, heat, and pressure of the retort process, provide an extended shelf life, and ensure the safety of the contents. Such developments are key to the sustained growth of the South Africa printing inks market.

Obtain Report Details @ http://www.transparencymarketresearch.com/south-africa-printing-inks-market.html

The South Africa printing inks market was valued at US$85.9 mn in 2015 and is estimated to reach US$155.1 mn by 2024, expanding at a CAGR of 6.9% therein.

Offset Printing Offering Strong Scope for Growth of South Africa Printing Inks Market

In terms of volume, offset printing inks held the dominant share of over 40.0% in 2015 and are anticipated to continue leading the printing inks market in South Africa. The digital printing inks segment, on the other hand, is projected to witness strong growth in the South Africa printing inks market during the forecast period, with an 8.6% CAGR expected from 2016 to 2024.

By end use, the packaging sector is estimated to hold a share of just over 44.0% in the South Africa printing inks market by the end of 2016. Registering a 7.3% CAGR over the forecast period, the packaging industry is also expected to emerge as the most rapidly expanding end-use segment of the South Africa printing inks market by 2024. The publication and commercial printing industry is also a prominent market for printing inks in South Africa and is projected to present several opportunities for growth.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15815

Rising Diversification of Packaging Sector Leads to Growing Demand for Printing Inks

The packaging industry in South Africa is fueled by the recent surge in the country’s GDP, the subsequent increase in individual disposable incomes, the continuously changing lifestyles of the consumers, and a growing youth population. Any growth in the demand for packaged consumer goods has a positive impact on the printing inks market in South Africa. The rising use of online shopping portals is thus another key driver for the South Africa printing inks market.

“Various types of printing inks and varnishes are used on a wide range of substrates and surfaces to develop the resistance of packaging materials,” a TMR analyst notes. Flexographic and gravure printing inks are used extensively for flexible and moldable materials. Low migration inks and water-based inks are highly popular in the food packaging industry as they don’t cause any serious side effects.

Dual Impact of Growing Popularity of Digitalization on South Africa Printing Inks Market

E-commerce is growing at a significant pace across the globe, giving rise to a steady demand for e-books, e-tickets, and online travel and hotel reservations. This has resulted in a substantial decrease in the use of paper-based communication channels, obstructing the growth of the conventional publication and commercial printing industry. The South Africa printing inks market faces a considerable threat from the rapid rise in the popularity of digital media.

Nevertheless, the rising use of digital media does offer the printing inks market in South Africa some respite as it is likely to drive the demand for digital printing inks. Digital printing is used in textiles, fine arts, advertising, desktop publishing, and architectural designs and is preferred over traditional printing as it offers flexibility of operation and speed. This could be a significant opportunity for the South Africa printing inks market to adapt to its changing business environment and stay one step ahead of the challenge.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Market Research Reports

Search This Blog