The printing ink market is projected to grow from USD 19.0 billion in 2022 to USD 28.6 billion by 2028, at a CAGR of 7.0% during the forecast period. This in-depth study explores key market trends, emerging technologies, industry drivers, challenges, regulatory policies, and strategies adopted by leading companies. Featuring 100+ market data tables, pie charts, graphs, and figures, the report provides a complete market assessment, including printing ink market size, share, future trends, current growth factors, expert insights, and industry-validated forecasts through 2032.
The growth of the market is being driven by a number of factors, including the growing demand for flexible packaging, the increasing demand for digital printing, the growing demand for sustainable printing inks, and the growth of the electronics industry. The growing demand for flexible packaging is being driven by the increasing popularity of online shopping and the need for packaging that is both durable and attractive. Digital printing is becoming increasingly popular due to its ability to produce high-quality prints on a variety of materials. Sustainable printing inks are becoming more popular due to growing concerns about the environmental impact of traditional printing inks. The electronics industry is a major user of printing inks, and the growth of this industry is driving the demand for printing inks.
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Polyurethane type segment is expected to account for the third largest market share in 2022.
The demand for polyurethane printing inks is experiencing notable growth due to their unique properties. Polyurethane inks, which are formulated using polyurethane resins, offer exceptional adhesion to a wide range of substrates, including plastics, metals, fabrics, and leather. Their flexibility and elasticity make them particularly well-suited for applications requiring durability and resistance to abrasion, bending, and stretching. This has led to their increasing use in industries like textiles, automotive, electronics, and packaging. Additionally, polyurethane inks are valued for their ability to create tactile and three-dimensional effects, enhancing the visual and tactile appeal of printed materials. As sustainability gains importance, manufacturers are also exploring water-based polyurethane inks that have lower VOC emissions and reduced environmental impact. With their combination of adhesion, flexibility, durability, and creative potential, polyurethane printing inks are carving out a significant presence in the market, meeting the evolving demands of industries seeking both performance and aesthetics in their printed products.
Digital process segment is expected to registered second highest CAGR during forecasted period
Flexographic process segment is expected to grow at a significant pace over the forecast period owing to its wide applications. Flexo print inks allow prints upon a range of materials at a low cost. It is designed to print strong cardboard boxes, paper bundles, folded cartons, plastic bags, dairy and beverages boxes, disposable utensils and cartons, labels, bonding adhesives, postcards, newsprint, and local supermarket packaging.
Middle East and Africa region is expected to registered second highest CAGR in terms of value during forecasted period
The printing ink market has been studied in North America, Europe, Asia Pacific, South America and Middle East and Africa. The growing demand for packaged goods due to the COVID-19 pandemic has boosted the Middle East print inks industry and is expected to grow over the forecast period. Consumers prefer packaged commodities over loose products because of their inherent security. This opens up new potential for the whole FMCG value chain, including the print inks business in the Middle East and Africa region.
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Saudi Arabia dominated the Middle East and Africa printing ink market in 2022 and is expected to maintain its dominance over the forecast period. Increasing demand for packaging ink from the food & beverage industry, along with the presence of broad food & beverage companies in the country, is expected to fuel the country’s growth over the forecast period.
Printing Ink Companies
Major manufacturers in this market are based in Asia Pacific, North America and Europe. DIC Corporation (Japan), Toyo Ink SC Holdings Co., Ltd. (Japan), T&K TOKA CORPORATION (Japan), Tokyo Printing Ink Mfg. Co., Ltd. (Japan), FUJIFILM Holdings Corporation (Japan), Yip’s Chemical Holdings Limited (Hong Kong), Sakata Inx Corporation (Japan), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Hubergroup (Germany), Flint Group (Luxembourg), SICPA Holding SA (Switzerland), Wikoff Color Corporation (US), ALTANA (Germany), and DEERS I Co., LTD. (South Korea) are among a few leading players operating in the printing ink market. Major focus was given to the development of new manufacturing processes for printing ink and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the printing ink market further.
Covestro AG (Japan)
Sakata Inx Corporation is a prominent Japanese company specializing in the manufacturing and distribution of printing inks and related materials. Founded in 1896, the company has established itself as a global leader in the printing industry, offering a diverse range of high-quality printing inks for various applications. With a rich history spanning over a century, Sakata Inx has continuously evolved its product offerings to cater to the changing demands of the printing market. The company’s product portfolio covers an extensive range of applications, from commercial printing, packaging, and labeling to industrial and specialty printing.
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Siegwerk Druckfarben AG & Co. KGaA (Germany)
Siegwerk Druckfarben AG & Co. KGaA is a leading German company specializing in the development, production, and distribution of printing inks, coatings, and related solutions. Founded in 1830, the company has a long and distinguished history in the printing industry, making it one of the global leaders in ink manufacturing. Siegwerk’s printing ink business overview encompasses an emphasis on advanced ink formulations designed to meet the ever-changing needs of the modern printing landscape. Their inks exhibit properties such as precise color reproduction, optimal viscosity for each printing process, fast drying capabilities, excellent adhesion, and durability. This ensures high-quality, vibrant prints across different substrates and applications.
Toyo Ink SC Holdings Co., Ltd. (Japan)
TOYO INK SC HOLDINGS CO., LTD., commonly known as Toyo Ink, is a prominent Japanese company that specializes in the manufacturing and distribution of printing inks, coatings, adhesives, and related products. With a history dating back to 1896, Toyo Ink has established itself as a global leader in the printing and chemical industries, serving a diverse range of sectors. Company providing innovative and technologically advanced printing inks for various printing processes, including offset, gravure, flexography, and digital printing. Toyo Ink’s product offerings cover a wide spectrum of applications, ranging from packaging and labels to commercial and industrial printing. The company has manufacturing facilities in Asia-Pacific. It has its sales and R& D offices globally.
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