PharmaceuticalInks Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mnby 2027, at a 6.1% CAGR during a forecast period.
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Pharmaceutical inks are defined asan ingestible form of inks that are used on pharmaceuticals to designate vitalinformation about the drug such as name and ingredients manufacturing location,and expiry date on pharmaceuticals. They are also used to print designs, logos,and colors on medicines. Additionally, these inks are used in interior andexterior packaging of medicines.
The scope of the report includes adetailed study of global and regional markets for Pharmaceutical Inks with thereasons given for variants in the growth of the industry in certain regions.
Rise in usage of pharmaceuticalsand growth in awareness among consumers regarding medicines are the key factorsboosting the growth of the pharmaceutical inks market. Similarly, thetechnological improvement in manufacturing process of pharmaceuticals alsogenerates growth opportunities for the key manufacturers in the pharmaceuticalinks market to offer competitive product offering and rise their customer base.This will have a major impact on the pharmaceutical inks market. Furthermore,an increase in disposable income and consumption of pharmaceuticals in emergingcountries such as Brazil, China, and India are relatively driven the growth ofpharmaceutical inks market.
Moreover, these inks essential todry quickly after their application on packaging or medicines. Pharmaceuticalink manufacturers have started using several solvents to assist the dryingprocess. Though, the use of incorrect solvents can contrarily effect theenvironment as well as the health of patients consuming pharmaceuticals.Solvents must to be selected after careful consideration. This has negativelyimpacted the development of pharmaceutical inks, and thus hindering the market.
The report on Pharmaceutical Inksmarket covers segments such as By Type, Pharmaceutical Type, Applications andRegion. The Type segment includes Water-based, Solvent-based, Edible Inks andOthers. Among the Type, the solvent-based segment register for noticeable shareof the pharmaceutical inks market, due to, these inks are low cost andefficient to print. The Pharmaceutical Type segment is further sub-segmentedinto Solids, Semi-solids and Liquids.
Among the Pharmaceutical Type, theliquids segment holds key share of the market, due to liquid pharmaceuticalsrequire large amount of pharmaceutical inks for the application on largersurface area of their packaging. In terms of Applications, is segmented byCapsules, Interior Packaging and Exterior Packaging. Among the Applications,the exterior packaging segment creates dominant share of the market, because ofthe wide range of information that needs to be printed.
Based on regional segment, thePharmaceutical Inks market is sub-segmented into North America, Latin America,Europe, Asia Pacific, and Middle East & Africa.
Increasing advancement ofpharmaceutical inks in Europe will trigger the demand for Pharmaceutical Inks.Europe is the prominent consumer of pharmaceutical inks, primarily due to thelarge amount of pharmaceuticals manufactured and the higher price ofpharmaceutical inks in the region. Asia Pacific is expected to grow rapidlywith higher CAGR due to the increase in health awareness and rapidurbanization. The key manufactures in this region are emphasized on particularapplication of pharmaceutical inks. For example, specific companies aremanufacturing pharmaceutical inks for interior packaging and others are focusedin capsules and exterior packaging.
Key players operating in thePharmaceutical Inks market are Toyo Ink SC Holdings Co. Ltd., VideojetTechnologies Inc., Markem-Imaje, Sun Chemicals, Koel Colours Pvt. Ltd., DICGroup, Sensient Technologies, Colorcon, Fuzhou Obooc Technology, Nazdar Companyand Independent Ink. Key manufacturers are extremely emphasized on research anddevelopment in order to manufacture pharmaceutical inks using various printingtechnologies. Furthermore, the key players in the pharmaceutical inks marketare concentrating mostly on strategic agreements with other manufacturers inorder to magnify their product offerings in order to gain a leading position inthe pharmaceutical inks market.
The objective of the report is topresent a comprehensive analysis of the Pharmaceutical Inks Market includingall the stakeholders of the industry. The past and current status of theindustry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTELanalysis with the potential impact of micro-economic factors by Vehicle on themarket have been presented in the report.
External as well as internalfactors that are supposed to affect the business positively or negatively havebeen analyzed, which will give a clear futuristic view of the industry to thedecision-makers. The report also helps in understanding Pharmaceutical InksMarket dynamics, structure by analyzing the market segments and project thePharmaceutical Inks Market size. Clear representation of competitive analysisof key players by Pharmaceutical Type, price, financial position, Productportfolio, growth strategies, and regional presence in the Pharmaceutical InksMarket make the report investor’s guide.
The report study has analyzedrevenue impact of covid-19 pandemic on the sales revenue of market leaders,market followers and disrupters in the report and same is reflected in ouranalysis.
Scope of the Pharmaceutical InksMarket: Inquire before buying
Pharmaceutical Inks Market, ByType
• Water-based
• Solvent-based
• Edible Inks
• Others
Pharmaceutical Inks Market, ByPharmaceutical Type
• Solids
• Semi-solids
• Liquids
Pharmaceutical Inks Market, ByApplications
• Capsules
• Interior Packaging
• Exterior Packaging
Pharmaceutical Inks Market, ByRegion
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in thePharmaceutical Inks Market
• Toyo Ink SC Holdings Co. Ltd.
• Videojet Technologies Inc.
• Markem-Imaje
• Sun Chemicals
• Koel Colours Pvt. Ltd.
• DIC Group
• Sensient Technologies
• Colorcon
• Fuzhou Obooc Technology
• Nazdar Company
• Independent Ink
• Koel Colours
• FAM International
• Wuhan Sino Joinsun Technology& Trade Co. Ltd.
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