South Africa Printing Inks Market: Introduction
The printing inks market in South
Africa was valued at US$ 120 Mn in 2020
and is anticipated to expand at a CAGR of ~7% during the
forecast period of 2021 to 2031.
The printing inks market in South Africa is driven by the increase in demand
for printing inks in publication and commercial printing industries; and rapid
expansion of the digital printing industry in the country. The inclination
toward packaged products has been rising in South Africa. This trend is
responsible for the growth in the demand for printing inks in the packaging
sector in the country. Superior properties of printing ink constituents such as
pigments, binders, solubilizers, and additives to produce text, design, or
images; and changing consumer preference are expected to boost the demand for
printing inks in South Africa in the near future. The wide usage of printing inks
in the newspaper industry is boosting the printing inks market in South Africa.
Printing inks help reproduce and transfer an image from a printing surface.
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Key Drivers of South Africa
Printing Inks Market
Printing
inks are made of solutions of dyes and insoluble colors. The printing industry
in South Africa plays a valuable role in the economy and provides significant
employment opportunities. Around 2,000 commercial printing companies operate in
the country. Most of these are small, medium, and micro enterprises (SMMEs).
Approximately 1,000 companies
provide pre-press services, such as design and layout, or post-press services,
including finishing and binding. Thus, rapid expansion of the printing industry
is expected to boost the printing inks market in South Africa during the
forecast period. The demand for printing inks is increasing in South Africa,
owing to the extensive usage of these inks in various commercial process
industries. Printing inks are employed to print details regarding products on
their packaging. The increase in stringent regulations to enhance transparency
about packaging products in order to avoid adverse health consequences
resulting from inhalation of toxic substances is estimated to propel the
printing inks market in South Africa during the forecast period.
The rapid
expansion of publication & commercial printing, packaging, textiles, metal
cans, and decorative inks industries offers immense potential for the printing
inks market in South Africa. The growth of the packaging industry is also
boosting the printing inks market in South Africa, as printing inks are mostly
used in packaging to convey information to customers regarding the product. The
availability of inexpensive labor, favorable government policies, strong
manufacturing base, and shift in manufacturing facilities of printing inks from
the western regions to South Africa are expected to boost the consumption of
printing inks in the country.
More Trending Reports
Stringent Regulations, High Cost of
Raw Materials to Hamper South Africa Printing Inks Market
The
implementation of stringent regulations over the usage of volatile organic
compounds is likely to hamper the printing inks market in South Africa. The
emission of volatile organic compounds poses a threat to the environment.
Flexographic and gravure printing inks are primarily used with solvents as base
materials. These printing methods are widely employed in flexible packaging,
especially in food and beverage applications. Solvent-based inks consist of
inorganic solvents and toxic metals such as cadmium, hexavalent chromium, lead,
and mercury. These lead to various health hazards when they come into direct
contact with edibles. The number of safety regulations in South Africa has
increased in order to avoid adverse health consequences from the intake of
toxic substances. This is likely to hamper the printing inks market in South
Africa.
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The trend
of eCommerce and e-literature/tickets/coupons is rising at a significant rate
across the globe. This is impacting the market in South Africa as well, thereby
creating a negative impact on the conventional publication & commercial
printing industry. Thus, substantial decrease in paper-based communication
channels is estimated to hinder the printing inks market in the country. The
growth in trend of eCommerce (including e-books, event tickets, sporting goods,
toys, hotels, and airline reservations) is projected to adversely affect the
printing inks market, thereby acting as a restraint for the printing inks
market in South Africa.
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