Major producers Flint Group and Sun Chemical will be raising global prices on January 1, citing escalated costs for many raw material markets.
Flint Group will instigate the price rises across its range of packaging inks on January 1.
[Related: Flint Group increasing prices]
The company says it saw significant increases in the third quarter with supplementary rises to come in the fourth.
In March, Flint predicted prices for raw materials would escalate this year. It says prices will still remain volatile as the year ends and that it price pressure will not lessen.
Sun Chemical, a member of the DIC group, will increase its prices of liquid inks and coatings for flexible packaging.
The firm says costs have been affected by production and environmental restrictions on key materials, particularly in China where the prices of oil, solvents and key monomers for polyurethrane (PU) resins have escalated. Additionlly, the supply of titanium dioxide white pigment remains tight, driving continued cost increases.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter