Global Printing Inks Market Highlights Over 2022 - 2031

The global printing ink market is estimated to garner around USD 43 billion in revenue by 2031 by growing at a CAGR of nearly 5% over the forecast period, i.e., 2022 –  2031. The growth of the market can be attributed to the growing food and beverages industry and the increased launching of books and magazines. For instance, in 2020, there were over 50 newly launched magazines in the United States, including nearly 20 special interest magazines, and over 10 publications in the craft, games, and hobbies categories. Additionally, the constantly increasing number of magazine readers is also expected to boost the market growth. In 2020, the average monthly audience of magazines exceeded over 48 million, and weekly magazine people reached over 86 million.

GET A SAMPLE COPY OF THIS REPORT

Moreover, increased consumer spending on electronic goods, such as tablets, fitness trackers, smartphones, audio & sound equipment, and others is growing the demand for printing inks for packaging purposes. In 2022, consumers worldwide are expected to spend nearly USD 500 billion on electronics.  

The COVID-19 pandemic had a negative impact on the printing ink market on the back of the closing of various manufacturing plants. This adversely affected the consumption of printing inks.

However, the availability of substitutes for printing ink, and stringent environmental regulations regarding the production of inks are the key factors restraining the growth of the market.  

The market is segmented by printing process into lithographic printing, flexographic printing, digital printing, gravure printing, and others. Among these segments, the digital printing segment is anticipated to hold the major share over the forecast period. The growth can be attributed to the increasing applications of digital printing, label production, and electrophotography. Further, recent developments in digital printing, such as digital carton cutting, creasing, and other completion technologies are expected to boost the segment growth.

Global Printing Inks Market Regional Synopsis

Regionally, the global printing inks market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period owing to the increasing production of packaging paper and paperboard on the back of rising demand of paper & board packaging for the export and import of items, such as food items, and others. For instance, in 2020, China produced around 68 million metric tons of packaging paper and paperboard, and was the largest producer worldwide that year. Additionally, China is the world's largest textile-producing and exporting country. In 2020, China accounted for over 40% of the world's textile export.

North America region is expected to hold the major share over the forecast period on the back of the growing packaging industry, and the easy availability of resin in the region which is used in printing inks.

Market Segmentation

Our in-depth analysis of the global printing inks market includes the following segments:

By Printing Process

• Lithographic Printing

• Flexographic Printing

• Digital Printing

• Gravure Printing

• Others

By Application

• Packaging

• Publication and Commercial Printing

• Decorative Printing

By Product Type

• Solvent Based

• Oil Based

• Water Based

• UV-Cured Inks

Growth Drivers and Challenges Impacting the Growth of the Global Printing Inks Market

Growth Drivers

• Increased launching of books and magazines

• Growing food and beverages industry

• Increased consumer spending on electronic goods

Challenges

• Availability of substitutes for printing ink

• Stringent environment regulations regarding the production of inks

Key Companies Dominating the Global Printing Inks Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global printing inks market that are included in our report are Wikoff Color Corporation, T&K TOKA Corporation, FlintGroup, Sakata Inx (India) Private Limited, hubergroup, Sun Chemical, Zeller+Gmelin, ALTANA, TOYO INK EUROPE NV, Siegwerk Druckfarben AG & Co. KGaA, and others.      

Latest Developments in the Global Printing Inks Market:

• January 2020: INX International Ink Co. acquired RUCOINX Druckfarben, a German company, to strengthen its presence in Europe.

• December 2019: ALTANA acquired Schmid Rhyner AG, a company specializing in printing finishing solutions, to enhance its technology in printing.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.