Label printing is a growth area, while UV LED inks are an emerging technology.
Nilesh Rajput, Allied Market Research10.06.15
A new report by Allied Market Research titled “World UV Curable Inks—Market Opportunities and Forecasts, 2014 – 2020” forecasts that the world UV curable inks market would garner a revenue of $3.5 billion by 2020, registering a CAGR of 15.7% during 2015 – 2020.
Fast-growing packaged F&B industries have led to the increasing use of UV inks for label printing. UV LED inks is an emerging technology, which is gradually replacing UV inks across different verticals. The Asia-Pacific market is expected to witness an upsurge owing to the increasing adoption in labeling of drugs and consumer goods.
The printing industries have been facing the issues of volatile organic compound (VOC) emissions in the recent years. Stringent environmental regulations pertaining to volatile organic compound (VOC) emissions and remarkable curing properties of UV curable inks would increase their adoption in the publication sector.
Moreover, sluggish curi
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