Global Middle East Printing Inks Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Middle East Printing Inks market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
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 Report Ocean Market Research.
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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.
Iraq on the other hand is projected to achieve the highest growth rate in terms of volume over the next five years. Syria on the contrary is anticipated to further deteriorate owing to the civil war conditions prevailing in the nation and will account for the worst market performance in the region.
Middle East print industry was considered to be at an infliction point, as the growth of newspapers declined in 2011 and 2012. But from 2013 onwards, demand slowly started to increase for paper printing inks as newspapers demand started rising but the major role was though played by magazine printing.
The traditional offset lithography still is among the leading segments of printing industry in the regional market, however flexographic inks has been witnessing tremendous rise in its demand patterns due to the developing packaging industry in Saudi Arabia, UAE and even Oman. In the present industry scenario, digital printing showed a robust growth, as demand for long runs has been shrinking and short runs along with variable printing are gaining popularity.
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The overall popularity of newspapers in the region is high, but there might be situations that it gets tail off in the long run. In many countries the publications must be licensed and follow guidelines on reporting, that in turn will limit the number and content of publishing. Self-censorship is widespread in the region.
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.
Report Ocean 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
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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
UAE
Saudi Arabia
Egypt
Morocco
Qatar
Kuwait
Oman
Bahrain
Turkey
Iran
Rest of Middle East
Key questions answered in the global Middle East Printing Inks market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Middle East Printing Inks market over the forecast period?
- What are the factors driving and restraining the market for Middle East Printing Inks?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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