Global Printing Inks Market, By Printing Process (Gravure Inks, Flexographic Inks, Lithographic Inks, Digital Inks, Others), Resin (Modified Rosin, Modified Cellulose, Acrylic, Polyurethane, Others), Product (Solvent Based, Water Based, Oil Based, UV- Cured Based), Application (Packaging and labels, Corrugated cardboards, Commercial Printing/Publishing, Others) - Industry Trends and Forecast to 2031.
Printing Inks Market Analysis and Size
The essential factors contributing to the growth of the global printing ink market in the forecast period include a rise in the demand from applications and consumer-specific formulations, a rise in the need from the digital printing industry, and an increase in the requirement from the packaging and labels sector.
Data Bridge Market Research analyzes that the global printing inks market which was USD 20.06 billion in 2023, is expected to reach USD 30.81 billion by 2031, growing at a CAGR of 4.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2014-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Printing Process (Gravure Inks, Flexographic Inks, Lithographic Inks, Digital Inks, Others), Resin (Modified Resin, Modified Cellulose, Acrylic, Polyurethane, Others), Product (Solvent Based, Water Based, Oil Based, UV- Cured Based), Application (Packaging and labels, Corrugated cardboards, Commercial Printing/Publishing, Others)
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Countries Covered
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U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Rest of Middle East and Africa, Brazil, Rest of South America
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Market Players Covered
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DIC CORPORATION (Japan), Flint Group India Pvt Ltd (India), TOYO INK SC HOLDINGS CO., LTD. (Japan), Sakata Inx (India) Private Limited (India), Siegwerk Druckfarben AG & Co. KGaA (Germany), HuberGroup India (India),T&K TOKA Corporation (Japan), Altana (Germany), TOKYO PRINTING INK MFG CO., LTD. (Japan), Wikoff Color Corporation (U.S.), Royal Dutch Printing Ink Factories Van Son (Netherlands),Dainichiseika Color & Chemicals Mfg.Co.,Ltd. (Japan), Zeller+Gmelin Corporation (Germany),Sun Chemical (U.S.), Alden & Ott Printing Inks Co (U.S.), Gardiner Colours Limited (U.K.), Kohinoor Printing Ink Co. (India), MALLARD INK CO AND OFFSET BLANKET CO, INC. (U.S.), INX International Ink Co. (U.S.), INKNOVATORS (U.S.), Avreon Chemicals India Private Limited (India)
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Market Opportunities
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Market Definition
Printing inks can be referred to as colored liquids and pastes that are formulated to transfer and replicate an image from a printing surface. Printing inks distribute the message, offer protection, and guarantee a decorative image to the substrate. In addition, the inks have consisted of diffusions of solutions of dyes and insoluble colorants in a paint or vehicle.
Global Printing Inks Market Dynamics
Drivers
- Growth in the Packaging Industry
The packaging industry is a significant consumer of printing inks. As e-commerce and consumer goods continue to thrive, there is a growing demand for printed packaging materials, which drives the printing ink market. The growth of e-commerce has led to an increased need for printed shipping and product packaging, contributing to the printing ink market.
- Advancements in digital printing
Advancements in digital printing technologies have opened up new possibilities for variable data printing, short print runs, and customization. This drives the demand for inks tailored for digital printing. Printing inks are also used in various industrial and commercial applications, including labels, textiles, and signage. The growth in these sectors contributes to increased ink consumption.
Opportunity
- Technological advancements
Continuous research and development in ink formulations, such as pigment advancements and water-based inks, lead to improved quality and performance, driving demand. Moreover, regulatory requirements related to packaging information, safety, and labeling often require specific inks, ensuring continued demand for compliant products.
Restraint/Challenge
- Rising environmental regulations
Increasing environmental concerns and regulations related to the use of inks with high levels of volatile organic compounds (VOCs) can limit the use of traditional solvent-based inks. Compliance with these regulations may require costly changes in ink formulations and printing processes.
This printing inks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Printing inks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In August 2023, Global print consumables manufacturer Flint Group has solidified its reputation as the sustainable ink supplier of choice after announcing that all its Sheetfed process ink series are now mineral oil free. The full range of Flint Group’s K+E process series is now exclusively made from more sustainable formulations, under plans to increase the use of environmentally friendly raw materials and make packaging easier to recycle
Global Printing Inks Market Scope
The global printing inks market is segmented on the basis of printing process, resin, product, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Printing Process
- Gravure Inks
- Flexographic Inks
- Lithographic Inks
- Digital Inks
- Others
Resin
- Modified Rosin
- Modified Cellulose
- Acrylic
- Polyurethane
- Others
Product
- Solvent Based
- Water Based
- Oil Based
- UV- Cured Based
Application
- Packaging and labels
- Corrugated cardboards
- Commercial Printing/Publishing
- Others
Global Printing Inks Market Regional Analysis/Insights
The global printing inks market is analyzed and market size insights and trends are provided by printing process, resin, product, and application as referenced above.
The countries covered in the market report are The countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, and rest of Middle East and Africa.
Asia-Pacific is expected to dominate the market due to the occurrence of major key players. Furthermore, the increase in the technological printing ink developments will further boost the growth of the printing inks market of in the region during the forecast period.
North America is expected to observe a significant amount of growth in the market due to the thriving of the packaging industry. Moreover, the ease of resin availability is further anticipated to propel the growth of the printing inks market of in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Printing Inks Market Share Analysis
The global printing inks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the printing inks market.
Some of the major players operating in the Global printing inks market are:
- DIC CORPORATION (Japan)
- Flint Group India Pvt Ltd (India)
- TOYO INK SC HOLDINGS CO., LTD. (Japan)
- Sakata Inx (India) Private Limited (India)
- Siegwerk Druckfarben AG & Co. KGaA (Germany)
- HuberGroup India (India)
- T&K TOKA Corporation (Japan)
- Altana (Germany)
- TOKYO PRINTING INK MFG CO., LTD. (Japan)
- Wikoff Color Corporation (U.S.)
- Royal Dutch Printing Ink Factories Van Son (Netherlands)
- Dainichiseika Color & Chemicals Mfg.Co.,Ltd. (Japan)
- Zeller+Gmelin Corporation (Germany)
- Sun Chemical (U.S.)
- Alden & Ott Printing Inks Co (U.S.)
- Gardiner Colours Limited (U.K.)
- Kohinoor Printing Ink Co. (India)
- MALLARD INK CO AND OFFSET BLANKET CO, INC. (U.S.)
- INX International Ink Co. (U.S.)
- INKNOVATORS (U.S.)
- Avreon Chemicals India Private Limited (India)
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