What Has Been the Growth of the Oil Based Printing Inks Market So Far?
The oil based printing inks market has seen considerable growth due to a variety of factors.
• In recent years, there's been a consistent growth observed in the market size of the oil-based printing inks. The market, valued at $12.75 billion in 2024, is projected to expand to $13.34 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.6%.
Factors such as the expansion of the printing industry, quality and durability of products, versatility, and intense color quality have contributed to the growth experienced during the historic period.
How Will the Oil Based Printing Inks Market?
The oil based printing inks market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for oil-based printing inks is projected to experience consistent expansion over the upcoming years, with a forecasted value of $15.59 billion in 2029 and a compound annual growth rate (CAGR) of 4.0%.
This expected surge during the forecast period can be attributed to factors such as environmental sustainability, incorporation of digital printing, growth in flexible packaging, and specialized applications. Key trends anticipated within the forecast period include the usage of water-based oil inks, UV-curable oil inks, personalised and variable data printing, along with a focus on recyclability and the circular economy.
Which Factors Are Boosting Growth In The Oil Based Printing Inks Market?
An increased interest in eco-friendly inks is expected to bolster the oil-based printing ink market throughout the predicted timeline. A surge in this market is a response to the prohibition of several crucial chemicals - ingredients in paints, coatings, and printing inks - following an explosion and fire in China's Jiangsu Province. This incident has elevated the appeal of oil-based printing inks, which are a viable replacement for petroleum and chemical-based inks. These inks are derived from vegetable oils like soybean, sunflower, cottonseed, safflower, and canola. To put into context, data from the US Energy Information Administration in April 2024, a division of the U.S. Department of Energy, showed the average export of petroleum products in 2023 to be 6.1 million barrels per day; this denotes a 2.5% increment from the previous year. Consequently, this burgeoning interest in environmentally-friendly inks is anticipated to boost the oil-based printing ink market.
What Key Areas Define The Segmentation Of The Global Oil Based Printing Inks Market?
The oil-based printing inks market covered in this report is segmented –
1) By Type: Vegetable Oil-Based Printing Inks, Mineral Oil-Based Printing Inks
2) By Application: Marking and Coding, Package Printing, Signage
3) By End User Industry: Packaging, Print Media, Commercial Printing, Other End-Use Industries
Subsegments:
1) By Vegetable Oil-Based Printing Inks: Soy-Based Inks, Linseed Oil-Based Inks, Other Vegetable Oil-Based Inks
2) By Mineral Oil-Based Printing Inks: Petroleum-Based Inks, Paraffin Oil-Based Inks, Other Mineral Oil-Based Inks
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What New Trends Are Influencing The Oil Based Printing Inks Market?
In the printing ink industry, the emergence of high-resolution replacement inks represents an affordable solution for barcode case coding uses. These inks have a superior efficacy compared to conventional inks as they permit intricate and robust printing at elevated speeds. Furthermore, they facilitate reprinting and significantly lessen the necessity for numerous cleaning stencils. For example, IIMAK has unveiled Sure Scan II Plus, a replacement inkjet ink with compatibility for high-resolution, that cuts printing expenditures, delay time, and wastage. This replacement solution operates effectively across a broad variety of high-resolution inkjet printers including but not limited to FoxJet, Matthews, and Diagraph. Key market players are in the process of crafting high-definition inks that boast supreme longevity, a swift drying period, and a shelf life of up to 12 months.
Who Are the Key Players In The Oil Based Printing Inks Market?
Major companies operating in the oil-based printing inks market include:
• Nazdar Ink Technologies
• Van Son Holland Ink Corp.
• Superior Printing Ink Co. Inc.
• Flint Group
• Hubergroup
• Sun Chemical Corporation
• Wikoff Color Corporation
• Siegwerk Druckfarben AG & Co.
• Sakata Inx Corporation
• Toyo Ink SC Holdings Co. Ltd
• Dic Corporation
• Dupont De Nemours Inc.
• Encres Dubuit SA
• Dainichiseika Color and Chemicals Mfg. Co. Ltd.
• DEERS i Co. Ltd.
• Dow Chemical Company
• T&K Toka Co. Ltd.
• Altana AG
• Fujifilm Sericol India Pvt. Ltd.
• Marabu GmbH & Co. KG
• Zeller+Gmelin GmbH & Co. KG
• Epple Druckfarben AG
• Sicpa Holding SA
• Tokyo Printing Ink Mfg. Co. Ltd.
• Tintas Arzubialde S.L.
• Sanchez SA de CV
• Magna Colours Ltd.
• Kao Collins Inc.
• InkJet Inc.
• Cranfield Traditional Relief Inks
• Gamblin Etching Inks
What Is The Most Dominant Region In The Oil Based Printing Inks Market?
Western Europe was the largest region in the oil-based printing inks market in 2023. Asia-Pacific was the second-largest region in the global oil-based printing inks market. The regions covered in the oil-based printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
