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

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.