The printing ink market is projected to grow USD 19.0 billion in 2022 and is projected to reach USD 28.6 billion by 2028, at a CAGR of 7.0%, in terms of value, from 2023 to 2028. During the forecast period, the global printing ink market is expected to grow in the coming years, the demand for printing inks is on the rise across diverse end-use industries due to their crucial role in creating visually appealing, informative, and regulatory-compliant printed materials. Industries such as packaging, publishing, labels, textiles, advertising, food and beverage, automotive, electronics, healthcare, and cosmetics rely on printing inks to enhance communication, branding, safety, and product information.The market is also expected to benefit from technological advancements in printing ink manufacturing processes, making the material high-quality, vibrant, and durable.
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Based on type, UV curable segment is expected to have the second largest share of the printing ink market in 2022 by value. UV curable printing inks are a specialized type of ink that solidifies rapidly through exposure to ultraviolet (UV) light. These inks offer swift curing, vibrant colors, and excellent adhesion to various substrates, making them suitable for applications in packaging, labels, signage, and more. UV curable inks are environmentally beneficial due to minimal volatile organic compound (VOC) emissions and generate long-lasting prints that are resistant to abrasion and UV radiation. For example, Companies such as Toyo Ink SC Holdings Co., Ltd., T&K TOKA CORPORATION, FUJIFILM Holdings Corporation, this players are leading supplier of UV curable based printing inks, for Paper, paperboard, adhesive paper, labels applications which driving the printing ink market.
Based on application, The flexible packaging segment is expected to have the second largest share of the printing ink market in 2022 by value. Printing inks are integral to flexible packaging applications due to their capacity to enhance visual appeal, branding, and functionality. By allowing the incorporation of brand logos, product details, nutritional information, and promotional messages, printing inks enable manufacturers to create eye-catching designs that differentiate products, attract consumer attention, and convey essential information. These inks also contribute to the flexibility of packaging materials, ensuring a conforming fit to the product’s shape while potentially providing protective barrier properties. Furthermore, they facilitate customization, cost efficiency, and sustainability, making printing inks a crucial element in crafting effective and attractive flexible packaging solutions.
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The flexible packaging industry is undergoing remarkable growth driven by factors such as convenience, cost efficiency, sustainability, extended shelf life, innovative printing techniques, reduced waste, customization, e-commerce demands, changing lifestyles, regulatory compliance, health and hygiene considerations, and global logistics needs. This surge in demand is attributed to flexible packaging’s ability to provide lightweight, portable, and customizable solutions that meet modern consumer preferences for convenience, while also addressing environmental concerns and regulatory requirements.
Based on Region, Europe was the second largest market for the printing ink in 2022, with Germany being the largest market in the region. The printing ink market in Europe is being driven by a confluence of factors including the evolving packaging industry’s demand for visually appealing and informative designs, a strong emphasis on sustainability with a need for eco-friendly and low-VOC inks, the adoption of advanced digital printing technologies for shorter print runs and customization, a growing requirement for compliant inks in regulated industries such as food and health, and a focus on personalized luxury branding. Additionally, the region’s technological innovation, reliance on print media in sectors like publishing and commercial printing, and the export-oriented nature of its industries contribute to the dynamic growth and development of the printing ink market across Europe.
Major players operating in the printing ink market include 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). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as Asia Pacific, North America, and Europe. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies. Furthermore, these companies have a significant market share, products with wider applications, broader geographical use cases, and a larger product footprint.
