It was confirmed to PrintWeek that prices will go up by 2%-8%, depending on the components used to make up each ink. Cost pressure on raw materials and service has led to the consequence. Key factors leading to the price arise include a progressively intense of global trading environment with some important commodity price increase and political uncertainty.  Cost headwinds have been witnessed in pigments, solvents, resins and freight. 

Packaging inks director of strategy and marketing Thomas Gray said: “We will continue to bear as much cost pressure as possible and look to innovative solutions to solve the impacts of these price rises on our business but in today’s global economic environment and global petrochemicals marketplace, nothing is certain.