Printing Inks Market Size Worth $23.8 Billion By 2028 | CAGR 2.8%

Printing Inks Market Growth & Trends

The global printing inks market size is expected to reach USD 23.8 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from end-use applications including flexible packaging & labels, corrugated cardboards, commercial letterpress, and folding cartons are the main factors expected to drive the market over the forecast period. Rise in consumer spending in Asia Pacific and North American regions, increasing demand for superior quality flexible packaging are some of the main parameters influencing the overall demand for printing inks globally.

Product innovations, technological progressions, new raw material sourcing models and expansion strategies are some of the major drifts the companies are focusing on to cater to the specific consumer requirements. The recent trends witnessed by this industry include rising significance of flexographic and digital toners, food-safe printing inks and a shift in consumer preference towards environment-friendly products.

The regulatory framework also plays a crucial role in this industry dynamics. Stringent regulations regarding toxic metals in solvents & volatile organic compound (VOC) emissions in these inks are expected to hamper the growth of the overall market. This rationale has led to increased usage of cellulose and rosin derivatives as resins for manufacturing energy-efficient inks.

Digital ink is expected to be the fastest growing product segment owing to its superior properties and specific demands from textile, ceramic and 3D printing application sectors. The digital toners have observed a lower label costs as compared to conventional inks and its potential of switching among labels instantly have resulted in this product to be the fastest growing.

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Printing Inks Market Report Highlights

• The global printing inks market generated revenues worth USD 19.2 billion in 2020 and is expected to grow at an estimated CAGR of 2.8% over the prediction period

• The packaging & labels segment was the largest application segment in 2020. Changing lifestyle of consumers, rising awareness for bio-degradable products within the middle-class population in emerging countries

• Polyurethane was the fastest growing polymer for 2020 and is expected to follow the same trend during the forecast period

• Asia Pacific accounted for over 30% of the overall revenue in 2020 owing to strong presence of numerous big companies in the regions and growing demand from emerging countries

• Major market players with a global presence include DIC Corporation, Flint Group, Sakata Inkx Corporation, Altana Epple Druckfarben, Tokyo Printing Ink Mfg. Co., Ltd and Huber Group

• Governmental regulatory agencies play a crucial part in the manufacturing process of the productswith norms such as EPA Clean Air Act regarding VOC emissions in environment and REACH regulations for safer food packaging materials dominate the global industry

Printing Inks Market Segmentation

Grand View Research has segmented the global printing inks market on the basis of product, resins and application:

Printing Inks Product Outlook (USD Million, 2016 - 2028)

• Gravure

• Flexographic

• Lithographic

• Digital

• Others

Printing Inks Resin Outlook (USD Million, 2016 - 2028)

• Modified rosin

• Modified cellulose

• Acrylic

• Polyurethane

• Others

Printing Inks Application Outlook (USD Million, 2016 - 2028)

• Packaging & labels

• Corrugated cardboards

• Commercial printing/Publishing

• Others

Printing Inks Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Italy

  • UK

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America (CSA)

  • Brazil

• Middle East & Africa

List of Key Players of Priniting Inks Market

• Flint Group

• DIC Corporation

• Siegwerk Druckfarben AG & Co. KGaA

• Sakata Inx Corporation

• T&K TOKA Corporation

• Dainichiseika Color & Chemicals Mfg. Co., Ltd.

• DEERS I CO., Ltd.

• Epple Druckfarben AG

• TOYO INK SC HOLDINGS CO., LTD.

• Hubergroup

• TOKYO PRINTING INK MFG CO., LTD.