Middle East Printing Inks Market Size Historical Growth, Analysis, Opportunities and Forecast To 2026

The Middle East printing inks market is estimated to reach USD 3.08 billion by 2026 growing at a CAGR of 4.5% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Middle East Printing Inks Market Size By Process (Gravure, Flexographic, Lithographic, Digital), By Resin (Modified Rosin, Modified Cellulose, Acrylic, Polyurethane, Hydrocarbon, Polyamide), By Application (Packaging, Corrugated Cardboards, Folding Cartons, Tags & Labels), By Countries] Segments & Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, Saudi Arabia dominated the market, in terms of revenue and accounted for the majority share in the Middle East region.

 

The print industry in the Middle East region is a diverse market space and varies from country to country. With every developed or developing country’s end-use industry dynamics, demand for printing inks in the countries vary significantly every year. In terms of volume or production, Turkey was the leader last year accounting for around 40% of the industry production, which was followed by Saudi Arabia and Iran.

 

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In contrary to the recent developments or advancements, the region’s printing industry has been facing further challenges. This is owing to the fact that lack of educational institutes in the region has resulted in shortage of skilled labor. However, the situation is changing at a slow pace and investments in the educational sector has been growing.

 

The book market in the Middle East has been fueled by increasing investment in education throughout the region. Rising literacy is anticipated to positively affect the print media and print advertising adoption. However, growth in the region will be moderate and will vary across every country.

 

The industry is dominated by numerous major manufacturers of printing inks resulting into high level of competition. The industry is consolidated in nature, with majors expanding in terms of geography, product & technologies along with merger and acquisition strategies. Major business players are shifting their focus and investing in R&D to avoid volatile petroleum prices and uncertainty regarding their availability.

 

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Polaris Market Research has segmented the Middle East printing inks market on the basis of Product, Application and Region:

Resin Type Outlook (Revenue, USD Billion, 2015 – 2026)

·         Modified Rosin

·         Modified Cellulose

·         Acrylic

·         Polyurethane

·         Hydrocarbon

·         Polyamide

·         Others

Process Type Outlook (Revenue, USD Billion, 2015 – 2026)

·         Gravure

·         Flexographic

·         Lithographic

·         Digital

·         Others

Application Type Outlook (Revenue, USD Billion, 2015 – 2026)

·         Packaging

·         Corrugated cardboards

·         Folding cartons

·         Tags & Labels

·         Others

Country Outlook (Revenue, USD Billion, 2015 – 2026)

 

Middle East

o    UAE

o    Saudi Arabia

o    Egypt

o    Morocco

o    Qatar

o    Kuwait

o    Oman

o    Bahrain

o    Turkey

o    Iran

o    Rest of ME