The printing inks market grew from $31.81 billion in 2023 to $33.46 billion in 2024, reflecting a CAGR of 5.2%. This growth is supported by the expansion of the packaging industry, globalization effects, and economic conditions. The market is expected to reach $40.16 billion by 2028, with a CAGR of 4.7%. Key growth drivers include sustainable practices, the e-commerce boom, and brand differentiation. Prominent trends include digital printing advancements, eco-friendly inks, UV LED technology, and the emergence of 3D printing inks.
Major Driver In The Printing Inks Market
The printing ink market is anticipated to be driven by 3D technology during the forecast period. With increasing interest in 3D printing technology worldwide, there is a corresponding demand for specialized 3D printing inks designed for volumetric constructs and devices. Revolutionary materials like Cubic Ink from ALTANA and DP Polar are transforming industrial 3D inkjet printing, catering to the multi-material capability required for a wide variety of printing materials. The advancements in 3D printing technology are expected to propel the printing ink market forward, reflecting anticipated market sizes for 2023, 2024, and 2028.
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Printing Inks Market Competitive Landscape
DuPont Inc., Arkema SA, DIC Corporation, Sun Chemical Corporation, Altana AG, TOYO Ink Group, Agfa-Gevaert NV, Flint Group, Siegwerk Druckfarben AG & Co., Rieger Druckfarben GmbH & Co. KG, Sakata INX Corporation, Ferro Corp., Huber Group, T&K TOKA Corporation, Tokyo Printing Ink Mfg. Co. Ltd., Nazdar Company, DYO Matbaa Mürekkepleri Sanayi ve Ticaret A.S., Wikoff Color Corporation, Sanchez SA de CV, Dainichiseika Color & Chemicals Mfg.Co. Ltd, Marabu GmbH & Co. KG, Epple Druckfarben AG, Fujifilm Sericol India Private Limited, Doneck Euroflex S.A., RUCO Druckfarben, Encres Dubuit, Zeller+Gmelin GmbH & Co. KG, Royal Dutch Printing Ink Factories Van Son, Brancher Company
Key Printing Inks Market Trend
Major companies operating in the printing inks market are introducing innovative solutions such as Onset 560 ink to gain a competitive edge in the market. The Onset 560 inkjet printing press is equipped with a comprehensive full-width printhead system and incorporates cutting-edge automation including robotic technology. It is capable of addressing various applications in signage, display, and packaging, achieving speeds of up to 1450 square meters per hour. For instance, in May 2023, Agfa Corporation, a Belgium-based developer and provider of imaging systems and IT solutions, mainly for the printing industry, launched Onset 560 ink that offers exceptional print quality, an extensive range of colors, and minimal ink consumption. This combination results in substantial cost savings, typically exceeding 20% in ink savings when compared to other ink options.
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Printing Inks Market Segmentation
The printing inks market covered in this report is segmented –
1) By Type: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks
2) By Product Type: Offset Printing Inks, Flexographic Printing Inks, Rotogravure Printing Inks, Digital Printing Inks
3) By End User Industries: Packaging, Print Media, Commercial Printing, Other End-Use Industries
By Geography:The regions covered in the printing inks market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
Western Europe was the largest region in the printing inks market in 2023.
The Printing Inks Global Market Report 2024 furnishes information about the global printing inks market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
