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Oil-Based Printing Inks Global Market Report 2022 – By Type (Vegetable Oil-Based Printing Inks, Mineral Oil-Based Printing Inks), By Application Marking and Coding, Package Printing, Signage), By End-User Industry (Packaging, Print Media, Commercial Printing, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7265 | Delivery Time: 2-3 business days | Format :


The oil-based printing ink market consists of sales of oil-based printing inks. Oil-based inks consist of a pigment or pigments of the required colour mixed with oil. For example, black inks are made from carbon black and thick linseed oil.

The main types of oil-based printing inks are vegetable oil-based printing inks and mineral oil-based printing inks. Vegetable-based printing ink is created from vegetable oil as a substitute for petroleum, such as soybean or maize oil. The amount of VOCs (volatile organic compounds) discharged into the air during printing is greatly reduced by using vegetable-based inks. Oil-based printing is applied in marking and coding, package printing, and signage that are used by packaging, print media, commercial printing, and other sectors.

The oil-based printing inks market research report is one of a series of new reports from The Business Research Company that provides oil-based printing inks market statistics, including oil-based printing inks industry global market size, regional shares, competitors with an oil-based printing inks market share, detailed oil-based printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the oil-based printing inks industry. This oil-based printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The global oil-based printing inks market grew from $10.88 billion in 2021 to $11.19 billion in 2022 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The oil-based printing inks market is expected to decline from $11.18 billion in 2026 at a CAGR of 0.0%.

The demand for environmentally friendly inks is increasing and it is expected to drive the oil-based printing ink market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks, have been banned due to an explosion and fire that occurred in March 2019 in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks, which can be used as a substitute for petroleum and chemical-based inks and are produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, Mojoprint, which is Japan's number one English-language printing service company, uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks.

A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing ink market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. Due to the presence of strong refinery capacity and an associated chemical manufacturing ecosystem, China is dominant in the supply of printing inks. Market players have already started facing challenges due to shortages of raw materials. For instance, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing ink supply due to global raw material shortages resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories.

The printing ink industry has introduced high-resolution replacement inks as a cost-effective alternative for barcode case coding applications. High-resolution inks are more effective than traditional inks as they allow fine and solid printing at high speeds. They also enable re-printability and drastically reduce the number of cleaning stencils required. For instance, IIMAK introduced Sure Scan II Plus, a high-resolution replacement compatible inkjet ink, which reduces the cost of printing and downtime and eliminates waste. This is a replacement option that provides performance in a variety of high-resolution inkjet printers, including Foxjet, Matthews, and Diagraph. Top companies in the market are developing high-definition inks with premium durability, fast dry time, and a 12-month shelf life.

In October 2020, Flint Group Packaging Inks, an India-based chemical manufacturer, acquired Poteet Printing Systems LLC for an undisclosed amount. This acquisition strengthens Flint Group Packaging Inks’ position within, and technical support to, the paper and board market in North America. Poteet Printing Systems LLC, a USA-based chemical manufacturer.

Major players in the oil-based printing inks market are Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup, Sun Chemical, Wikoff Color Corp., and Siegwerk Druckfarben AG & Co.

Western Europe was the largest region in the oil-based printing inks market in 2021. Asia Pacific  was the second-largest region in the 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.

The countries covered in the oil-based printing inks market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

The global oil-based printing inks market 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

    Table Of Contents

    1. Executive Summary

    2. Oil-Based Printing Inks Market Characteristics

    3. Oil-Based Printing Inks Market Trends And Strategies

    4. Oil-Based Printing Inks Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Oil-Based Printing Inks Market

    4.2 Ukraine-Russia War Impact On Oil-Based Printing Inks Market

    4.3 Impact Of High Inflation On Oil-Based Printing Inks Market

    5. Oil-Based Printing Inks Market Size And Growth

    5.1. Global Oil-Based Printing Inks Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Oil-Based Printing Inks Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Oil-Based Printing Inks Market Segmentation

    6.1. Global Oil-Based Printing Inks Market, Segmentation  By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Vegetable Oil-Based Printing Inks  

    Mineral Oil-Based Printing Inks

    6.2. Global Oil-Based Printing Inks Market, Segmentation   By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Marking And Coding

    Package Printing

    Signage

    6.3. Global Oil-Based Printing Inks Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Packaging

    Print Media

    Commercial Printing

    Other End-Use Industries

    7. Oil-Based Printing Inks Market Regional And Country Analysis

    7.1. Global Oil-Based Printing Inks Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Oil-Based Printing Inks Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Oil-Based Printing Inks Market  

    8.1. Asia-Pacific Oil-Based Printing Inks Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Oil-Based Printing Inks Market  

    9.1. China Oil-Based Printing Inks Market Overview  

    9.2. China Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Oil-Based Printing Inks Market  

    10.1. India Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Oil-Based Printing Inks Market  

    11.1. Japan Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Oil-Based Printing Inks Market  

    12.1. Australia Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Oil-Based Printing Inks Market  

    13.1. Indonesia Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Oil-Based Printing Inks Market  

    14.1. South Korea Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Oil-Based Printing Inks Market  

    15.1. Western Europe Oil-Based Printing Inks Market Overview

    15.2. Western Europe Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Oil-Based Printing Inks Market  

    16.1. UK Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Oil-Based Printing Inks Market  

    17.1. Germany Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Oil-Based Printing Inks Market  

    18.3. France Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Oil-Based Printing Inks Market  

    19.1. Eastern Europe Oil-Based Printing Inks Market Overview

    19.2. Eastern Europe Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Oil-Based Printing Inks Market  

    20.1. Russia Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Oil-Based Printing Inks Market  

    21.1. North America Oil-Based Printing Inks Market Overview

    21.2. North America Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Oil-Based Printing Inks Market  

    22.1. USA Oil-Based Printing Inks Market Overview

    22.2. USA Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Oil-Based Printing Inks Market  

    23.1. South America Oil-Based Printing Inks Market Overview

    23.2. South America Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Oil-Based Printing Inks Market  

    24.1. Brazil Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Oil-Based Printing Inks Market  

    25.1. Middle East Oil-Based Printing Inks Market Overview

    25.2. Middle East Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Oil-Based Printing Inks Market  

    26.1. Africa Oil-Based Printing Inks Market Overview

    26.2. Africa Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Oil-Based Printing Inks Market Competitive Landscape And Company Profiles

    27.1. Oil-Based Printing Inks Market Competitive Landscape

    27.2. Oil-Based Printing Inks Market Company Profiles

    27.2.1. Nazdar Ink Technologies

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Van Son Holland Ink Corp.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Superior Printing Inks

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Flint Group

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Hubergroup

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Oil-Based Printing Inks Market

    29. Oil-Based Printing Inks Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Oil-Based Printing Inks Market, Segmentation  By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Oil-Based Printing Inks Market, Segmentation   By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Oil-Based Printing Inks Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Oil-Based Printing Inks Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Oil-Based Printing Inks Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Nazdar Ink Technologies Financial Performance
  • Table 28: Van Son Holland Ink Corp. Financial Performance
  • Table 29: Superior Printing Inks Financial Performance
  • Table 30: Flint Group Financial Performance
  • Table 31: Hubergroup Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Oil-Based Printing Inks Market, Segmentation  By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Oil-Based Printing Inks Market, Segmentation   By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Oil-Based Printing Inks Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Oil-Based Printing Inks Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Oil-Based Printing Inks Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Oil-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Nazdar Ink Technologies Financial Performance
  • Figure 28: Van Son Holland Ink Corp. Financial Performance
  • Figure 29: Superior Printing Inks Financial Performance
  • Figure 30: Flint Group Financial Performance
  • Figure 31: Hubergroup Financial Performance
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