New Tools and Technology Development will drive Printing Inks Market in coming years

 

Printing Inks Industry Overview

The global printing inks market size was valued at USD 19.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028. The market is expected to witness moderate growth over the forecast period. Factors such as the growing end-use industry, including flexible packaging, commercial printing & publishing, packaging labels, have majorly driven this market.

The superior properties of the constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images along with rising demand from the packaging sector, commercial printing, and changing consumer preference, these solutions are expected to have unceasing demand in the future.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

The global printing inks market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth.

However, downward pricing pressure is expected to limit the revenue growth in the printing inks market owing to the slow growth in product pricing caused by high competition within the industry. Moreover, stringent regulatory frameworks such as Federal Food, Drug, and Cosmetic Act and the U.S. Food and Drug Administration are limiting the usage, manufacturing, and distribution of various inorganic solvents and toxic metals. This, in turn, is expected to hamper the market growth over the forecast period.

Apart from crude oil derivative and inorganic pigments, which are major raw materials, the development of economical and non-toxic raw materials such as graphene, carbon, and modified celluloid is the research initiative at the forefront.  This market is strongly affected and driven by advancements in technology and processes such as ink-jet products and digital printing.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global fluorescent pigment market size was estimated at USD 377.0 million in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

• The global ceramic coating market size was estimated at USD 10.37 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030.

Global Printing Inks Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global printing inks market on the basis of product, resin, application, and region.

Product Outlook (Revenue, USD Million, 2016 - 2028)

·         Gravure

·         Flexographic

·         Lithographic

·         Digital

·         Others

 Resin Outlook (Revenue, USD Million, 2016 - 2028)

·         Modified rosin

·         Modified cellulose

·         Acrylic

·         Polyurethane

·         Others

Application Outlook (Revenue, USD Million, 2016 - 2028)

·         Packaging & labels

·         Corrugated cardboards

·         Publication & Commercial Printing

·         Others

Regional Outlook (Revenue, USD Million, 2016 - 2028)

·         North America

o    US

o    Canada

o    Mexico

·         Europe

o    Germany

o    Italy

o    UK

·         Asia Pacific

o    China

o    Japan

o    India

·         Central & South America (CSA)

o    Brazil

·         Middle East & Africa

Printing Inks Market Share Insight

The global ink industry is extremely competitive owing to the presence of vertically integrated key players with technologically advanced solutions & equipment and procurement & distribution channels. The industry has witnessed a strong consolidation period in different regions which include, expansions, mergers, and acquisitions, making the industry highly competitive. Some expansion strategies include Epple Druckfarben Italia S.r.I in Milan, Italy, subsidiary of Epple Druckfarben for superior quality German offset printing inks in Italy and Kansas, U.S. plant which was an expansion strategy of Sakata Inx Corporation. Major market players include:

·        Flint Group

·        DIC Corporation

·        Siegwerk Druckfarben AG & Co. KGaA

·        Sakata Inx Corporation

·        T&K TOKA Corporation

·        Dainichiseika Color & Chemicals Mfg. Co., Ltd.

·        DEERS I CO., Ltd.

·        Epple Druckfarben AG

·        TOYO INK SC HOLDINGS CO., LTD.

·        Hubergroup

·        TOKYO PRINTING INK MFG CO., LTD..

Order a free sample PDF of the Printing Inks Market Intelligence Study, published by Grand View Research.

 

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