North America Printing Inks Market
North America market . The high share of the product segment in the overall market is attributable to its extensive usage in commercial and publication printing .
From a geographical standpoint , the North America market has been segmented into the U . S . and Canada . Of these , the market in the U . S . dominates in terms of production , consumption , as well as revenue contribution to the North America printing inks market . The U . S . is expected to remain the dominant region for the printing inks market in North America over the report ’ s forecast period as well , exhibiting a 5.55 % CAGR from 2016 through 2024 .
Healthy Growth of Packaging Industry to offer Lucrative Growth Opportunities The consistently healthy growth of the packaging industry in North America is considered a key growth factor for the North America printing inks market . Rising disposable incomes , a thriving e- commerce industry , increased consumption of packaged food products , and improving economies have all significantly contributed to the growth of the packaging industry . The increased use of accurate labelling on packages to ensure appropriate transactions provides a significant boost to the North America printing inks market and is expected to remain the key driver for the market in the next few years as well .
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Thriving Market for Digitized Books Emerges as Key Challenge to Growth Some of the key challenges faced by the North America market for printing inks include the thriving market for e-learning and the increasing trend of higher demand for digitized books and other communication and publication material over paper-based ones . The resultant decline in the market for paper-based communication and publication media is expected to remain a key threat to the overall growth of the North America market for printing inks .
The market is also expected to bear the brunt of the vast and increasingly stringent emission-related regulations that prohibit the use of toxic metals such as cadmium , mercury , and lead and inorganic solvents for the preparation of printing inks . These metals and inorganic solvents are considered harmful for the environment as well as for human health are rapidly being replaced by organic products . The ensuing high costs from research and development activities for the formulation of organic products , with characteristics equally strong or better than solvent-based products , could lead to shrunken profit margins .
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