The Middle East printing inks market is estimated to reach $3.08 billion by 2026 growing at a CAGR of 4.5% during the forecast period, according to a new study published by Polaris Market Research. In 2018, Saudi Arabia dominated the market, in terms of revenue and accounted for the majority share in the Middle East region.
The traditional offset lithography still is among the leading segments of the printing industry in the regional market, however, flexographic inks have been witnessing a tremendous rise in its demand patterns due to the developing packaging industry in Saudi Arabia, UAE and even Oman. In the present industry scenario, digital printing showed robust growth, as demand for long runs has been shrinking and short runs along with variable printing are gaining popularity.
The packaging industry in Saudi Arabia is expected to register a CAGR of 2.2% over the forecast period, 2020-2025. The GCC flexible packaging market is further projected to reach a value of US$ 2.5 Billion by 2024.
With government’s focus to a more sustainable future for tomorrow, the use of plastic is being limited and attention is being driven towards creative usage and technology that shall maximize use and making of paper and unique packaging material.