According to a research report “ Printing Inks Market” by Type (Lithographic inks, Gravure inks, Flexographic inks, Digital inks, Others) End-user (Packaging and labeling, Publication and commercial printing, Corrugated cardboards, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2236.6 million, at a CAGR of 2.09% during the forecast period. The packaging industry's expansion, driven by consumer goods growth and technological innovations, significantly boosts the demand for printing inks. As the largest consumer of printing inks, the packaging sector's growth is anticipated to propel the global market forward. This trend is particularly evident in the increasing use of water-borne printing inks, due to the rising demand for high-quality packaged foods, beverages, and frozen products..
Browse market data tables, figures, and in-depth TOC on “Printing Inks Market” by Type (Lithographic inks, Gravure inks, Flexographic inks, Digital inks, Others) End-user (Packaging and labeling, Publication and commercial printing, Corrugated cardboards, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Type, the Lithographic inks segment is projected to dominate the market size in 2024
In the international printing inks market, the lithographic inks segment holds a significant market share. Employing the lithography printing technique, which is renowned for producing high-quality outputs in various sectors such as packaging, commercial printing, publishing, and more, necessitates the utilization of specialized lithographic inks. These inks, formulated with pigments, resins, solvents, and additives, ensure optimal adherence to the printing surface. Lithographic inks are distinguished by their superior color intensity, brightness, and print resolution. Depending on the specifications of the printing process, lithographic inks are offered in both oil-based and water-based versions.
By End-user, Packaging and labeling segment is expected to hold the largest market size for the year 2024
In the business realm, the packaging segment of the global printing inks market denotes the application of printing inks in producing packaging materials such as paperboard, cardboard, flexible packaging, labels, and cartons. These inks serve to elevate the visual appeal, branding, and product information on these materials. The packaging sector, a significant and rapidly expanding segment of the market, is propelled by the burgeoning e-commerce industry, escalating consumer preference for packaged goods, and the emergence of eco-friendly packaging solutions.
North America is forecasted to hold the largest market size by region in 2024
The North American printing inks market held a significant market share in the global industry during 2023. This dominance can be attributed to the surging demand for packaging in sectors such as food and beverages, personal care products, and the burgeoning e-commerce sector. The US and Canada, being the major contributors to North American retail e-commerce sales, which amounted to approximately USD285 billion in Q4 of 2023, are key drivers for the printing inks market growth in the region.
The Printing Inks Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Printing Inks Market encompasses a wide range of products, including UV-cured and energy-curing inks, used extensively in various sectors such as food for case-ready packaging. Packaging practices continue to evolve with the adoption of advanced production technologies to meet the digitalized needs of consumers. Urbanization has led to an increase in demand for publications like magazines, newspapers, and packaging labels, driving the market growth. Printing inks are essential components in this industry, with key ingredients such as additives, solubilizers, binders, and pigments playing crucial roles. However, concerns regarding the use of toxic metals and inorganic solvents persist, leading to downward pricing pressure in the Western market. Ink-jet products are gaining popularity due to their precision and efficiency, further expanding the market scope. Overall, the Printing Inks Market is expected to experience significant growth, driven by the evolving demands of the packaging and publishing industries.
Market Research Overview
The Printing Inks Market encompasses a wide range of products used in various industries, including online retailing and the packaged foods industry, in emerging nations where Internet penetration is on the rise and the middle-class population is expanding. Bio-degradable products, such as solvent-based-flexographic and gravure inks made from polyamides, lithographic solvents, acrylic, polyurethane, UV LED inks, and specialty clears, are gaining popularity due to their versatility, environmental friendliness, and heat reduction properties. Ink manufacturers like Flint Group are at the forefront of developing high-performance, productive, and energy-efficient ink solutions. The market also includes ink-jet products, modified celluloid, carbon, graphene, inorganic pigments, and crude oil derivatives. Downward pricing pressure from Western markets and the use of toxic metals and inorganic solvents are challenges facing the industry. Production technologies, such as UV LED, solid inks, solvent-UV hybrid inks, latex (resin) inks, and UV-cured inks, are continually evolving to meet the demands of commercial printing & publishing, flexible packaging, and the food sector, particularly in case-ready packaging and the snacks & confectionery category. Additives, solubilizers, binders, and pigments are essential components of these inks, as are packaging labels and membrane switches.
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