UV Cured Printing Inks Market Size (2024 - 2029)

The UV curable ink printing market is experiencing growth, driven by increasing demand from the digital printing, packaging, labels, and textile sectors. Despite challenges posed by the decline in conventional commercial printing and the availability of substitutes, the market has shown resilience and recovery post-pandemic. Opportunities for expansion are anticipated through the development of bio-based inks and growth within the medical industry. Europe leads in market consumption, with significant contributions from countries like Germany and Italy.

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Market Size of UV Cured Printing Inks Industry

UV Cured Printing Inks Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.50 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration High

Major Players

UV Cured Printing Inks Market Major Players

*Disclaimer: Major Players sorted in no particular order

UV Cured Printing Inks Market Analysis

The UV-cured printing ink market is estimated to be USD 1,391.54 million by the end of this year. It is projected to reach USD 1,770.07 million in the next five years, registering a CAGR of over 4.5% during the forecast period.

The COVID-19 pandemic disrupted the UV-cured printing ink market, reducing supply due to closures, transportation restrictions, and declining demand from various sectors. Nonetheless, the market rebounded in 2022 due to increased demand from the textiles and packaging sectors.

  • Major factors driving the market study are growing demand from the digital printing industry, rising demand from the packaging and labels sector, and increased demand from the textile industry.
  • On the flip side, the decline in the conventional commercial printing industry and the availability of substitutes are hindering the studied market's growth.
  • The development of bio-based UV curable inks and growth from the medical industry is expected to offer various opportunities for market growth over the forecast period.
  • Europe dominated the global market, with most of the consumption coming from countries such as Germany, Italy, and other countries.

UV Cured Printing Inks Industry Segmentation

UV curing inks are exclusively formulated inks that remain liquid until they are exposed to intense ultraviolet light for curing. The UV light cross-links the ink components into a tough polymer. This reaction is almost instant. These inks do not rely on absorption into substrates for drying as they contain no solvents. The UV-cured printing ink market is segmented by curing process, UV-cured printing ink type, application, and geography. The curing process segments the market into arc curing and LED curing. By UV cured printing inks type, the market is segmented into UV flexo inks, UV offset inks, UV low energy/LED offset inks, UV screen printing inks, and other UV cured printing inks types. The market is segmented by application into packaging, commercial and publication, and other applications. The report also covers the market sizes and forecasts for the UV-cured printing ink market in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD million).

Curing Process
Arc Curing
LED Curing
UV Cured Printing Inks Type
UV Flexo Inks
UV Offset Inks
UV Low Energy/LED Offset Inks (Except UV Offset Inks)
UV Screen Printing Inks
Other UV Cured Printing Inks Type
Application
Packaging
Commercial and Publication
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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UV Cured Printing Inks Market Size Summary

The UV curable ink printing market is experiencing a resurgence following disruptions caused by the COVID-19 pandemic, which impacted supply chains and demand across various sectors. The market is driven by increasing demand from the digital printing industry, packaging, and textile sectors. Despite challenges such as the decline in conventional commercial printing and the availability of substitutes, the market is poised for growth. The development of bio-based UV curable inks and expansion in the medical industry present new opportunities. Europe leads the global market, with significant consumption in countries like Germany and Italy, driven by the flexible packaging industry's growth and the rising demand for recyclable packaging solutions.

The packaging industry, a key driver of the UV curable ink market, is undergoing a transformation with the adoption of digital printing technologies. This shift is particularly evident in the food and beverage, pharmaceutical, and retail sectors, where consumer demand for packaged goods is increasing. Countries like China and India are witnessing robust growth in their packaging industries, fueled by rising consumer spending and exports. The flexible packaging market, in particular, is expanding rapidly, supported by innovations that address packaging challenges. The market's consolidation is evident, with major players like Sun Chemical and Siegwerk Druckfarben AG & Co. KGaA leading the industry. Recent advancements, such as Flint Group's dual curing capability inks and Fujifilm's hybrid LED UV curing system, highlight the ongoing innovation within the sector.

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UV Cured Printing Inks Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Digital Printing Industry

      2. 1.1.2 Rising Demand from the Packaging and Label Sector

      3. 1.1.3 Increase in Demand from Textile Industry

    2. 1.2 Restraints

      1. 1.2.1 Decline in the Conventional Commercial Printing Industry

      2. 1.2.2 Availability of Substitutes

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Curing Process

      1. 2.1.1 Arc Curing

      2. 2.1.2 LED Curing

    2. 2.2 UV Cured Printing Inks Type

      1. 2.2.1 UV Flexo Inks

      2. 2.2.2 UV Offset Inks

      3. 2.2.3 UV Low Energy/LED Offset Inks (Except UV Offset Inks)

      4. 2.2.4 UV Screen Printing Inks

      5. 2.2.5 Other UV Cured Printing Inks Type

    3. 2.3 Application

      1. 2.3.1 Packaging

      2. 2.3.2 Commercial and Publication

      3. 2.3.3 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle East and Africa

UV Cured Printing Inks Market Size FAQs

The UV Cured Printing Inks Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)

Siegwerk Druckfarben AG & Co. KGaA , TOYO INK SC HOLDINGS CO. LTD , Flint Group, Sun Chemical and INX International Ink Co. are the major companies operating in the UV Cured Printing Inks Market.

UV Curable Ink Printing Market Report Snapshots

UV Curable Ink Printing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)