Printing is widely used in our society to pass on information and to decorate objects. This has resulted in printing being used on many different surfaces ranging from aluminum cans and plastic bottles through to paper. Printing inks are made of four basic components pigments, resins, solvents and additives. Special inks have been developed for use in these different situations. Increasing demand from various end-use industries is projected to propel the demand for printing inks during the forecast period. 

By product type, printing inks market segmentation includes solvent-based printing inks, water-based printing inks, oil-based printing inks and other printing inks. By process type, market is segmented into lithographic printing, gravure printing, flexographic printing, digital printing and other printing. On the basis of application, the global printing inks market is segmented into packaging, publication and commercial printing, and other applications. Market size and forecast of each product type, process type, and application is presented for the period 2020 to 2030 along with respective CAGR % for the forecast period 2023-2030.

The market size and forecast for the period 2020-2030 along with the CAGRs for the period 2023-2030 for the mentioned segments are also presented in this study. 

Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment proposition are also included in this study for assessment of market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global printing inks market. 

DIC Corporation, Flint Group, Royal Dutch Printing Ink, Sakata Inx., Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical, T&K Toka, Toyo Ink S.C. Holdings, Wikoff Color, etc. are a few key manufacturers in global printing inks market. 

Purpose of the Report

The purpose of this strategic research study titled “Printing inks Market – Growth, Opportunities, Share & Competitive Analysis, 2023 – 2030” is to offer industry investors, company executives, and industry participants in-depth insights to enable them make informed strategic decisions related to the opportunities in the global printing inks market.

1.1.1   Target Audience

• Industry Investors
• Printing inks Manufacturers
• End User Industries
• Traders, Distributors, and Suppliers
• Government and Research Organizations
• Associations and Industry Bodies

1.1.2   USP and Key Offerings

The report titled “Printing inks Market – Growth, Opportunities, Share & Competitive Analysis, 2023 – 2030” offers strategic insights into the overall printing inks market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based material type, end-use industry and different geographical markets.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in printing inks market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the printing inks market
• Market drivers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Historical market size data (2020 & 2021)

Overall, the research study provides a holistic view of the global printing inks market, offering market size and estimates for the period from 2020 to 2030, keeping in mind the above-mentioned factors.

Lithographic inks dominated the overall printing inks market in terms of volume and revenue. In 2020, segment accounted for more than 38% market share by revenue. Lithographic inks are widely used in commercial printers and has various advantages over other types like longer plate life, image quality, lower costs, lower ink consumption, and printing flexibility. This will aid in the steady growth of the segment in upcoming years. However, the digital printing segment is expected to witness highest CAGR on owing to the increasing uptake of modern printing methods.

In the base year 2021, oil based printing inks dominated the global printing inks market followed by solvent based printing inks. "However, owing to rising" concern about the VOC emission and presence of heavy metals in the printing inks there is increase in the adoption of water based printing inks among end-users. Water based printing inks is expected to register highest growth rate in forecast period of 2023 to 2030. Furthermore, the increasing demand for bio-based printing inks in the food packaging industry and the low costs of these inks will propel the demand of bio-based printing inks in the coming years.

Printing inks finds application in various sectors such as; automotive sector, sport, toys, promotional items, electronic, household appliances, plastic cups, pots, plastic bottles, plastic cartridges, plastic tubes, glass, labels, optical media, bottle caps, furniture industry, flexible packaging, wallpapers, cigarettes, bottle caps for wine and sparkling wine, aluminum covers, films. However, printing inks are widely used in packaging industry and publication & commercial printing. In the base year 2021, packaging application dominated the overall market for printing inks and expected to maintain its dominance in upcoming years. The rapid growth of the packaging industry is one of the key factors driving the printing inks market globally. The increasing demand from the consumer goods industry for flexible packaging and various technological innovations in packaging industry has led to a significant growth in the demand for printing inks from packaging industry. As the internet and digital print media replacing the print media, demand for printing inks from publication and commercial printing witnesses the sluggish growth in upcoming years.

In 2021, North America was observed as the largest region contributing more than 27% revenue share in global printing inks market. The region is also anticipated to witness significant growth in consumption of printing inks during the forecast period (2023-2030). This growth is attributed to rising demand from for printing products in various end-user segments such as packaging industry, publication and commercial printing industry and decorative printing industry in the region. China is the largest regional market for printing inks supported by the dominant packaging industry. India’s spurring food and beverages activity is projected to advance at a healthy rate, thus increasing the market demand for printing inks for food and beverages packaging in the country. Incumbent players in the global packaging inks market are increasing their footprints in key developing regions such as Asia Pacific and Latin America by starting up new business units in the region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Printing Inks market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Printing Inks market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Printing Inks market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Printing Inks market?
• Which is the largest regional market for Printing Inks market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Printing Inks market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Printing Inks market worldwide?