USD 20.29 billion
Printing Inks Market Size, Share, Growth Analysis, By Product(Gravure, Flexographic, Lithographic, Digital), By Resin(Modified rosin, Modified cellulose, Acrylic, Polyurethane), By Application(Packaging & labels, Corrugated cardboards, Publication & Commercial Printing, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2143 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
95
|Figures:
76
Printing Inks Market Insights
Global Printing Inks Market size was valued at USD 20.29 billion in 2022 and is poised to grow from USD 20.86 billion in 2023 to USD 26.01 billion by 2031, growing at a CAGR of 2.80% during the forecast period (2024-2031).
The global printing inks market is predicted to grow slowly throughout the forecast period. This market has been significantly fueled by factors such as the expanding end-use industry, which comprises flexible packaging, commercial printing & publishing, and package labels. These solutions are expected to be in high demand in the future due to the superior properties of constituents such as colors, binders, solubilizers, and ingredients utilized for creating text, layout, or images, as well as increasing demand from the packaging sector, commercial printing, and evolving consumer tastes.
The global printing inks market is consolidating in order to boost efficiency, support growth, and gain more negotiating power with suppliers and consumers. With low organic growth, market consolidation has been a long-term trend, notably in the western market.
However, due to the moderate growth in product pricing induced by industry competition, downward pricing pressure is likely to hinder revenue growth in the printing inks market. Furthermore, severe regulatory frameworks such as the Federal Food, Drug, and Cosmetic Act and the United States Food and Drug Administration restrict the use, manufacture, and sale of numerous inorganic solvents and hazardous metals. As a result, market expansion will most likely be stifled over the forecast period.
Apart from crude oil derivatives and inorganic pigments, which are key raw materials, the research initiative at the forefront is the creation of inexpensive and non-toxic raw materials that include graphene, carbon dioxide, and modified celluloid. This market is heavily influenced and pushed by technological and process improvements such as ink-jet devices and digital printing.
US Printing Inks Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Lithographic
Fastest Growth
Lithographic
Growth Rate
2.80% CAGR
Global Printing Inks Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Printing Inks Market Segmental Analysis
The global printing inks market is segmented based on product, resin, application, and region. In terms of product, the market is segmented into gravure, flexographic, lithographic, digital, others. Based on resin, the market is segmented into modified rosin, modified cellulose, acrylic, polyurethane, others.With respect to application, the market is segmented into packaging & labels, corrugated cardboards, publication & commercial printing, and others. Geographically, the global printing inks market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Printing Inks Market Analysis by Product
In terms of value, the lithographic sector accounted for a significant part of the entire market in 2022. The segment is predicted to increase significantly during the projection period as a result of a combination of excellent prints and effectiveness in large-scale endeavors. This lithographic process works well with flat media like cloth, foil, plastic, paper, and flat board.
Gravure printing inks are typically used for photograph printing, although they can also be used on films, thin papers, metal foils, and paper cups. "Liquid inks" are used in this method. Because of the versatility of this ink technology, these print processes can cover a wide range of applications in food packaging, tobacco goods, and cosmetics on a wide range of substrates such as cardboards, papers, plastic bottles, foils, and labels.
Flexographic inks can be used on a variety of substrates such as paper, laminated materials, films, foils, and curved boards. These inks are predicted to increase rapidly throughout the forecast period, owing to their eco-friendliness and low cost. Furthermore, the growing demand for flexible packaging and board printing in response to logistics volume supports the need for flexographic ink in the US and Europe.
Printing Inks Market Analysis by Application
The packaging and labels segment is the largest and fastest growing ink application segment, accounting for more than 45% of total segment sales. The growth of this application has seen a flourishing trend in the last five years as a result of the growing middle-class population in emerging nations such as India and Thailand, a shift in consumer preference for the convenience of food packaging and online retailing with widespread internet penetration, and a need for biodegradable products.
Global Printing Inks Market By Product 2022 (%)
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Printing Inks Market Regional Insights
Asia Pacific dominated the printing inks market, accounting for 35.60% of total revenue in 2022 and this dominance is likely to continue throughout the forecast period. Rising packaged food consumption, combined with substantial expansion in the packaging and labeling industry as a result of the emergence of numerous companies such as food and beverage companies, consumer goods, the health care sector, and e-commerce, has boosted market growth in the region.
North America's printing inks market is predicted to grow significantly due to the flourishing packaging industry. Furthermore, the region's printing inks market is predicted to expand in the next few years due to the abundance of resin supply.
Global Printing Inks Market By Geography, 2022-2030
- Largest
- Fastest
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Printing Inks Market Dynamics
Printing Inks Market Drivers
Growing Demand for Packaging and Labeling
- The printing inks market is driven by the increasing demand for packaging and labeling materials in industries such as food and beverage, pharmaceuticals, and consumer goods.
Printing Inks Market Restraints
High Capital Investments
- The printing inks market requires high capital investments for research and development and the production of printing inks, which can be a barrier to entry for new players in the market.
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Printing Inks Market Competitive Landscape
The globally ink business is particularly competitive due to the existence of vertically integrated main players with cutting-edge technologies and equipment, as well as procurement and distribution channels. The industry has experienced a strong consolidation era in various regions, including growth, acquisitions, and mergers and acquisitions leaving the market very competitive. Some expansion plans include Epple Druckfarben Italia S.r.I in Milan, Italy, a subsidiary of Epple Druckfarben for top quality German offset printing inks in Italy, and Sakata Inx Corporation's Kansas, U.S. facility.
Top Player’s Company Profiles
- DIC Corporation
- Flint Group
- Siegwerk Druckfarben AG & Co. KGaA
- Toyo Ink SC Holdings Co. Ltd.
- Huber Group
- Sun Chemical Corporation
- Sakata Inx Corporation
- T&K Toka Co. Ltd.
- ALTANA AG
- Epple Druckfarben AG
- Fujifilm Sericol India Private Limited
- Wikoff Color Corporation
- Royal Dutch Printing Ink Factories Van Son
- Zeller+Gmelin GmbH & Co. KG
- SICPA Holding SA
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- Sensient Technologies Corporation
- American Inks and Coatings Corporation
- Inx International Ink Co.
- Marabu GmbH & Co. KG.
Recent Developments
- In January 2022, Sun Chemical bought SAPICI, which strengthened the company's supply strategy and added skills to develop and create novel polymers for its whole range of inks, coatings, and laminating adhesives.
- In March 2022, Encres DUBUIT purchased POLY-INK, expanding its product offering with conductive inks. Through this acquisition, the company has merged nanomaterial scientific expertise with application engineering capabilities.
Printing Inks Key Market Trends
- Eco-friendly printing inks: There is a growing trend towards eco-friendly printing inks, which are made from renewable materials and do not contain harmful chemicals. This trend is driven by increasing awareness among consumers about the environmental impact of printing, as well as by government regulations that mandate the use of eco-friendly printing inks.
- Digital printing: The rise of digital printing technology is driving demand for printing inks that are compatible with digital printing machines. Digital printing allows for faster turnaround times and greater flexibility, which is particularly important for short print runs and customized printing jobs.
- Packaging and labeling: The packaging and labeling segment is a major driver of the printing inks market, as demand for these products continues to grow in the food and beverage, pharmaceutical, and consumer goods industries.
- UV-cured inks: UV-cured inks are gaining popularity due to their quick-drying properties and low environmental impact. These inks are used in a variety of printing applications, including packaging, labels, and signage.
Printing Inks Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Printing Inks market is the market that is predicted to grow slowly throughout the forecast period. This market has been significantly fueled by factors such as the expanding end-use industry, which comprises flexible packaging, commercial printing & publishing, and package labels. These solutions are expected to be in high demand in the future due to the superior properties of constituents such as colors, binders, solubilizers, and ingredients utilized for creating text, layout, or images, as well as increasing demand from the packaging sector, commercial printing, and evolving consumer tastes.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 20.29 billion |
| Market size value in 2031 | USD 26.01 billion |
| Growth Rate | 2.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Printing Inks Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Printing Inks Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Printing Inks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Printing Inks Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Printing Inks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Printing Inks Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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