European ink market

The European ink manufacturing industry is faced with the impact of economic recession and market depression. It is necessary to reduce costs and improve labor productivity in order to make a loss. The face of unfavorable economic conditions will inevitably cause the re-combination spontaneously from the management of European ink companies. The countermeasures they have taken are: increase variety, expand portfolio, reduce scale, and reduce costs.
The European ink industry is showing a wavy upward trend, but it is slowly growing. The European economy has begun to recover and is moving in a fast-moving direction. From the first quarter of 2002 to the second quarter of 2002, the average annual growth rate was 2%. In the whole of Europe, ink production showed an increasing trend. The slower growth was in Germany, which was behind some of France and Italy. However, it is less than the growth rate of 3% in 2001 and actually only increased by 1%.
In addition to printing and publishing, packaging inks are an important growth area in Europe. The packaging market for food and medicine is undoubtedly much smaller than other industries affected by the recession.
Because regardless of economic conditions, people's needs for eating, drinking, and taking drugs are relatively stable. The trend in the packaging market has confirmed that there will certainly be development after the economic downturn.
The packaging process is an ever-evolving technology that will continue to pose new challenges for ink makers. Technological processes have to be changed from one system to another and constantly changing. The development of new varieties in the ink series is to be reproduced and become an integral part of the normal packaging market business. And, let this part of the process technology become an important aspect of enhancing the competitive advantage of packaging.
For ink manufacturers, the packaging process is also a fringe science that can be continuously improved. According to the principle of continuous improvement, its invention belongs to a relatively new technology. Whoever has the right technical process can publish its innovative information online, which is beneficial to other packaging potential.
There are many process technologies currently packaged, a large number of which are due to changes in flexo and flexible packaging - that is, turning to short-lived. This provides more opportunities for UV inks and digital printing applications in packaging.
In all prints in Europe, UV inks are now forecast to show a rising trend. Last year's annual report showed that it accounted for about 6-7%. The development of packaging printing is the driving force for ink development. However, in turn, UV inks have promoted the development of a variety of different prints.
The current trend is: To meet the needs of short-lived packaging, it is necessary to produce more high-quality UV inks to meet the needs of high-level flexo printing.
The European UV ink market is currently becoming a foothold for many ink manufacturers to try to gain full development. Providing inexpensive UV inks is inevitably an effective way to reduce the price of UV ink prints spirally.