Market Size of Printing Inks Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 18.04 Billion |
| Market Size (2029) | USD 20.60 Billion |
| CAGR (2024 - 2029) | 2.69 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Printing Inks Market Analysis
The Printing Inks Market size is estimated at USD 18.04 billion in 2024, and is expected to reach USD 20.60 billion by 2029, growing at a CAGR of 2.69% during the forecast period (2024-2029).
Due to the COVID-19 impact in 2020, various manufacturing plants were shut down, and the demand for packaging has declined. Thus, this affected the consumption of printing inks in the packaging sector. However, the food and beverage industry started recovering and has shown a positive impact. In 2021 the industry was in the recovery process, and the manufacturers overcame many challenges that the pandemic created.
- In the short term, the major factors such as growing demand from the digital printing industry and the rising demand from the packaging and labels sector are expected to drive the market's growth.
- On the flip side, a decline in the conventional commercial printing industry, and stringent regulations regarding disposal are expected to hinder the growth of the market studied.
- Nevertheless, the emergence of bio-based and UV-curable Inks is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific dominated the market across the world, with the largest consumption from China.
Printing Inks Industry Segmentation
Printing inks consist of a pigment or pigments of the required color mixed with oil or varnish, majorly a black ink made from carbon blacks and thick linseed oil added. The printing ink market is segmented by type, process, application, and geography. By type, the market is segmented into solvent-based, water-based, oil-based, UV, UV-LED, and other types of inks. By process, the market is segmented into lithographic printing, flexographic printing, gravure printing, digital printing, and other processes. By application, the market is segmented into packaging, commercial and publication, textiles, and other applications. The report also covers the market size and forecasts for the printing inks market in 19 countries across major regions. The report offers market size and forecasts for printing inks in volume (metric tons) for all the above segments.
| Type | |
| Solvent-based | |
| Water-based | |
| Oil-based | |
| UV | |
| UV-LED | |
| Other Types |
| Process | |
| Lithographic Printing | |
| Flexographic Printing | |
| Gravure Printing | |
| Digital Printing | |
| Other Processes |
| Application | ||||||||||||
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| Commercial and Publication | ||||||||||||
| Textiles | ||||||||||||
| Other Applications |
| Geography | |||||||||
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Printing Inks Market Size Summary
The printing inks market is poised for steady growth over the forecast period, driven by increasing demand from the digital printing and packaging sectors. The market's expansion is supported by the recovery of the food and beverage industry post-COVID-19 disruptions, which had initially led to a decline in packaging demand and, consequently, printing ink consumption. The rise of digital printing technologies, particularly in label production and flexible packaging, is revolutionizing the packaging industry, offering quick turnaround times and cost-effective solutions. This shift is further bolstered by the growing preference for bio-based and UV-curable inks, which present new opportunities for market growth. However, challenges such as the decline in conventional commercial printing and stringent disposal regulations may impede progress.
The Asia-Pacific region, with China at the forefront, dominates the global printing inks market due to its robust manufacturing and packaging industries. China's significant production of packaging materials and its status as a leading exporter contribute to the high demand for printing inks. The region's market growth is further supported by the expanding textile industry and the increasing trend of express deliveries. Despite some slow growth in recent years, the textile sector in China continues to be a major consumer of printing inks. The market is partially consolidated, with key players like Sun Chemical and Flint Group leading the industry. Recent acquisitions by major companies aim to enhance product offerings and strengthen market positions, indicating a competitive landscape with ongoing innovation and strategic expansions.
Printing Inks Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from the Digital Printing Industry
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1.1.2 Rising Demand from the Packaging and Labels Sector
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1.2 Restraints
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1.2.1 Decline in the Conventional Commercial Printing Industry
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1.2.2 Stringent Regulations Regarding Disposal
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Type
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2.1.1 Solvent-based
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2.1.2 Water-based
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2.1.3 Oil-based
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2.1.4 UV
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2.1.5 UV-LED
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2.1.6 Other Types
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2.2 Process
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2.2.1 Lithographic Printing
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2.2.2 Flexographic Printing
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2.2.3 Gravure Printing
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2.2.4 Digital Printing
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2.2.5 Other Processes
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2.3 Application
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2.3.1 Packaging
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2.3.1.1 Rigid Packaging
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2.3.1.1.1 Paperboard Containers
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2.3.1.1.2 Corrugated Boxes
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2.3.1.1.3 Rigid Plastic Containers
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2.3.1.1.4 Metal Cans
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2.3.1.1.5 Other Rigid Packaging
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2.3.1.2 Flexible Packaging
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2.3.1.3 Labels
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2.3.1.4 Other Packaging
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2.3.2 Commercial and Publication
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2.3.3 Textiles
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2.3.4 Other Applications
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Australia & New Zealand
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2.4.1.6 ASEAN Countries
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2.4.1.7 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.2.4 Rest of North America
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Russia
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2.4.3.6 Spain
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2.4.3.7 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East & Africa
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Printing Inks Market Size FAQs
How big is the Printing Inks Market?
The Printing Inks Market size is expected to reach USD 18.04 billion in 2024 and grow at a CAGR of 2.69% to reach USD 20.60 billion by 2029.
What is the current Printing Inks Market size?
In 2024, the Printing Inks Market size is expected to reach USD 18.04 billion.
