Dublin, May 17, 2024 (GLOBE NEWSWIRE) -- The "Printing Inks - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Printing Inks Market to Reach $23.6 Billion by 2030
The global market for Printing Inks estimated at US$19.6 Billion in the year 2023, is projected to reach a revised size of US$23.6 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2023-2030.
The Printing Inks market in the U.S. is estimated at US$5.3 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2030.
The global printing inks industry is witnessing a shift as developed markets lose their dominance, while developing regions emerge as the fastest-growing markets. Key market participants are focusing on consolidation activities to strengthen their positions. Traditional oil and solvent-based inks, once the mainstay, are gradually being replaced by environmentally friendly varieties, with vegetable oil-based inks sustaining growth in the oil-based segment.
Solvent-based Printing Inks, one of the segments analyzed in the report, is expected to record a 3% CAGR and reach US$11.5 Billion by the end of the analysis period. Growth in the Water-based Printing Inks segment is estimated at 2.5% CAGR for the next 7-year period.
Water-based inks are the fastest-growing variety, while UV and EB inks are gaining popularity for their advanced properties. UV-curable inks and UV LED inks are attracting significant industry attention due to their rapid adoption. Lithographic inks, although the largest segment by printing process type, have matured, whereas gravure printing inks maintain steady demand. The competitive landscape in 2024 is expected to feature a mix of strong, active, niche, and trivial players, reflecting the dynamic nature of the market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 346 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $19.6 Billion |
| Forecasted Market Value (USD) by 2030 | $23.6 Billion |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Printing Inks Industry: A Preface
- Recent Market Activity
- Impact of Recent Economic Upheavals on Printing Inks Market
- Weak Global Economy Hurts Printing Inks Market During 2011-2014 Period
- Stable Economic Outlook to Keep Market Sentiment Intact in the Immediate Term
- Outlook
- Developed Markets: Losing Sheen
- Developing Regions Remain Fastest Growing Markets
- Major Market Participants
- World Printing Inks Industry: Key Products of Leading Printing Ink Companies
- Consolidation Activity
- Printing Inks - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Oil & Solvent Based Inks - Traditional Product Markets
- Environmental Friendly Printing Ink Varieties Fast Replacing Traditional Oil-Based & Solvent Based Printing Inks
- Vegetable Oil Based Inks Sustain Growth in Oil Based Inks Market
- Water-Based Inks - The Fastest Growing Printing Ink Variety
- UV and EB Inks: The Bucks Start Here
- UV-Curable Inks Gaining Rapid Traction
- UV LED Inks: Emerging Technology Attracting Industry Attention
- Lithographic Inks - The Largest But Mature Market Segment by Printing Process Type
- Gravure Printing Inks Maintain Steady Demand
- Polyamide Represents Fastest Growing Resign Type for Gravure Print Inks
- Expanding Food Packaging and Lamination Sectors to Stimulate Gravure Printing Ink Market Growth
- Challenges for Gravure Printing Ink Market
- Flexography Printing Process Inks Continue to Gain Prominence
- Growth Prospects for Flexo Technology
- Water-Based Inks Dominate the Flexographic Printing Inks Market
- Digital Printing Inks - The Fastest Growing Category, by Process
- Demand for Digital Textile Printing Inks Gets a Boost from Advancements in Digital Textile Printing Techniques
- A Focus on Inkjet Inks
- Inkjet Inks Market - A Review
- Rising Number of Sub-Categories Expands Opportunities for Digital Inks in Recent Times
- Weakening Demand for Printing Inks in Publication/Commercial Printing Sector as Internet and Digital Media Replaces Print Media
- Steady Growth in Packaging Industry Helps Sustain Demand for Printing Inks
- Steady Recovery in Retail Trade: A Key External Driver for Printing Inks Used in Retail Packaging Segment
- Printer Ink Refills Market: An Overview
- Despite Volatile Economic Scenario Seen in Recent Times R&D Efforts in Printing Inks Remain Buoyant
- Product Innovations & Technology Developments Keep the Industry Alive
- R&D & Product Innovation Efforts Optimally Geared Towards Production of Environment Friendly Products
- A Look at Some of the Advanced Technologies that Have Been Driving Sales in Recent Times
- 3D Printer Manufacturers Gear Up to Produce Affordable 3D Printing Inks
- Biodegradable Inks - The Way to Go
- Nanographic Printing
- Waterless Printing
- High-fidelity Color Control
- Thermal Inkjet Printing
- Innovations Seen in Inkjet Inks Segment in Recent Past
- Innovations Seen in Flexography Inks Market in Recent Past
- Innovations Seen in UV Inks Segment in Recent Past
- Innovations Seen for Packaging Industry in Recent Past
- Innovations in Publication Ink
- Key Players & Their Recent Product Developments - A Review
- Key Challenges & Issues
- Digitalization & Paperless Era
- Securing Raw Material Supply
- Synthetic Alternatives Flood Raw Material Supply Chain
- Strict Government Regulations to Hamper Growth
- Pricing Pressures
- Challenges for Digital Inkjet Inks
- Challenges of Going Global
- Environmental Issues & Compliance with Stringent Environmental Regulations
FOCUS ON SELECT PLAYERS(Total 188 Featured)
- ALTANA AG (Germany)
- Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan)
- DIC Corporation (Japan)
- Sun Chemical Corp. (USA)
- Flint Group (Luxembourg)
- Fujifilm UK Ltd. (UK)
- hubergroup (Germany)
- Royal Dutch Printing Ink Factories Van Son (Holland)
- Sakata Inx Corporation (Japan)
- INX International Ink Co. (USA)
- SAKATA Inx (India) Private Limited (India)
- Siegwerk Druckfarben AG & Co. KGaA (Germany)
- T & K Toka Co. Ltd. (Japan)
- Tokyo Printing Ink Mfg. Co. Ltd. (Japan)
- Toyo Ink SC Holdings Co., Ltd. (Japan)
- Wikoff Color Corporation (USA)
For more information about this report visit https://www.researchandmarkets.com/r/gkn2gm
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