Market Size of United States Printing Inks Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.75 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Printing Ink Market Analysis
The US printing inks market stood at around 990 kilotons in 2021, and it is expected to register a CAGR of more than 2.7% during the forecast period ( 2022-2027).
The impact of COVID-19 was negligible on the market, and the market is expected to grow at a steady rate during the forecast period.
- The major factors driving the growth of the market studied include the growing demand from the digital printing industry and rising demand from the packaging and labels sector.
- On the flip side, rising demand for digital advertisements and e-books and stringent regulations regarding disposal are expected to hinder the growth of the market studied.
United States Printing Ink Industry Segmentation
Printing inks consist of pigments or pigments of required color mixed with oil or varnish, majorly a black ink made from carbon blacks and thick linseed oil added. The market for printing inks is segmented by type, process, and application. By type, the market is segmented into solvent-based, water-based, oil-based, UV, UV-LED, and other types. 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 offers market size and forecasts for printing ink in the United States in volume in kilo 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 | ||||||||||||
| ||||||||||||
Commercial and Publication | ||||||||||||
Textiles | ||||||||||||
Other Applications |
United States Printing Inks Market Size Summary
The US printing inks market is poised for steady growth, driven by increasing demand from the digital printing industry and the packaging and labels sector. Despite the negligible impact of COVID-19, the market faces challenges from the rising popularity of digital advertisements and e-books, as well as stringent disposal regulations. Water-based inks, which are environmentally friendly due to their reduced volatile organic compounds (VOCs) and absence of hazardous chemicals, are gaining traction across various printing processes. These inks are particularly favored for applications involving paper, cardboard, textiles, foils, plastics, and food packaging, and are expected to experience significant growth as research and development continue to enhance their versatility.
Flexible packaging emerges as the largest segment within the packaging market, attributed to its material efficiency and space-saving benefits compared to rigid packaging. The food industry, in particular, favors flexible packaging for its moisture absorption, product freshness, and temperature control capabilities, which help maintain product shelf life. The trend towards sustainability and the need for lightweight, innovative packaging solutions are further propelling this segment. Flexible packaging inks offer high graphic quality and preserve image integrity throughout the product lifecycle, making them appealing to brand owners, retailers, and consumers. The market remains fragmented, with key players like Sun Chemical, Flint Group, Sakata Inx Corporation, and Siegwerk Druckfarben AG & Co. KGaA leading the industry.
United States 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 High Demand from the Packaging Sector
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1.2 Restraints
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1.2.1 Rising Demand for Digital Advertisements and E-books
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1.2.2 Stringent Regulations Regarding Disposal
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1.3 Industry Value Chain
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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 Consumers
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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
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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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United States Printing Inks Market Size FAQs
What is the current United States Printing Inks Market size?
The United States Printing Inks Market is projected to register a CAGR of greater than 2.75% during the forecast period (2024-2029)
Who are the key players in United States Printing Inks Market?
Sun Chemical, Flint Group, Sakata Inx Corporation, Siegwerk Druckfarben AG & Co. KGaA and Hubergroup Deutschland GmbH are the major companies operating in the United States Printing Inks Market.