Global Printing Ink Market Size Worth USD 35.93 Billion by 2032 | CAGR of 6.7%
Category: Chemicals & MaterialsGlobal Printing Ink Market Size Worth USD 35.93 Billion by 2032
According to a research report published by Spherical Insights & Consulting, the Global Printing Ink Market Size is to grow from USD 18.71 Billion in 2022 to USD 35.93 Billion by 2032, at a Compound Annual Growth Rate CAGR of 6.7% during the projected period. The presence of major players distinguishes the market landscape, which invests continuously in R&D to improve ink performance, eco-friendliness, and compatibility with evolving printing technologies. The global printing ink market is being driven by the expanding packaging sector, which is being driven by the consumer goods, pharmaceutical, and food industries.
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Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Printing Ink Market Size, Share, and COVID-19 Impact Analysis, By Type (Nitrocellulose, Polyurethane, Water based, Acrylic, UV Curable), By Process (Gravure, Flexographic, Lithographic, Digital), By Application (Cardboards, Flexible Packaging, Tags & Labels, Cartons), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/printing-ink-market
The global printing ink market is an important component of the vast printing and packaging industry because it provides the medium for transferring text and imagery onto various substrates. These inks come in a variety of formulations that are tailored to the needs of various printing processes such as lithography, flexography, gravure, and digital printing. The market's expansion is inextricably linked to advancements in the packaging, publishing, advertising, and textile industries, as well as the spread of digital printing technologies. The presence of major players distinguishes the market landscape, which invests continuously in R&D to improve ink performance, eco-friendliness, and compatibility with evolving printing technologies. Furthermore, in accordance with stringent environmental regulations, the shift toward eco-friendly and sustainable inks is critical in shaping the market's direction. The rise of digital printing, which allows for faster turnaround times and more customization options, contributes to the market's evolution. Customization, shorter lead times, and lower costs for short print runs are all benefits of digital printing, which influences ink formulation and performance requirements. As people become more aware of environmental issues, the demand for environmentally friendly and sustainable printing inks grows.
The UV Curable segment is expected to grow at the rapid pace in the global printing ink market during the forecast period.
The global printing ink market is classified into four types: nitrocellulose, polyurethane, water-based, acrylic, and UV curable. The UV Curable segment, in particular, is projected to grow rapidly in the global printing ink market during the forecast period. UV curable inks are becoming increasingly popular due to their quick curing times and ability to adhere to a wide range of substrates such as plastics, glass, and metals. These inks solidify when exposed to UV light, resulting in instant drying and minimal environmental impact. They are commonly used in high-quality, fast-printing applications like packaging and labels.
The Lithographic segment accounted for a significant share of the global printing ink market in 2022.
The global printing ink market is classified into Gravure, Flexographic, Lithographic, and Digital. Among these, the Lithographic segment is expected to account for a sizable share of the global printing ink market in 2022. Offset printing, also known as lithographic printing, is founded on the tenet that oil and water do not mix. The image is transferred to an ink-receptive plate, then to a rubber blanket, and then to the substrate. Offset printing is well-known for its ability to reproduce fine details while maintaining consistent color accuracy. It's widely used in the printing of books, magazines, brochures, and commercial brochures.
North America is anticipated to hold a significant share of the global printing ink market over the predicted timeframe.
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This region, which includes the United States and Canada, has a significant printing ink market. Demand is being driven by industries such as packaging, publishing, advertising, and textiles. Technological advancements, environmental regulations, and a focus on sustainable inks are shaping the market landscape. Ink consumption is increasing due to increased demand for high-quality, customized printing, particularly in packaging and labeling.
During the forecast period, Asia Pacific is projected to expand at the highest rate in the global printing ink market. The Asia-Pacific printing ink market is rapidly expanding, owing to the expansion of industries such as packaging, textiles, electronics, and advertising. China, India, Japan, and South Korea are all major market players. Economic growth, urbanization, and rising disposable incomes all contribute to an increase in printed material demand.
Major vendors in the Global Printing Ink Market include DIC Corporation, Toyo Ink SC Holdings Co., Ltd., T&K TOKA CORPORATION, Tokyo Printing Ink Mfg. Co., Ltd., FUJIFILM Holdings Corporation, Yip’s Chemical Holdings Limited, Sakata Inx Corporation, Dainichiseika Color & Chemicals Mfg. Co., Ltd, Siegwerk Druckfarben AG & Co. KGaA, Hubergroup, Flint Group, SICPA Holding SA, Wikoff Color Corporation, and Others.
Recent Developments
- In March 2023, Toyo Ink SC Holdings Co., Ltd., the Japan-based parent company of the specialty chemicals company Toyo Ink Group, announced that it and its consolidated subsidiary Toyo Ink (Thailand) Co., Ltd. signed a share purchase agreement in March 2023 to wholly acquire Thai Eurocoat Ltd., the Thai canned food market's leading manufacturer of external coatings for non-printed cans.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Printing Ink Market based on the below-mentioned segments:
Global Printing Ink Market, By Type
- Nitrocellulose
- Polyurethane
- Water based
- Acrylic
- UV Curable
Global Printing Ink Market, By Process
- Gravure
- Flexographic
- Lithographic
- Digital
Global Printing Ink Market, By Application
- Corrugated Cardboards
- Flexible Packaging
- Tags & Labels
- Folding Cartons
Global Printing Ink Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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