Global Packaging Inks Market Insights Forecasts to 2033

• The Global Packaging Inks Market Size was Estimated at USD 8.5 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 8.03% from 2023 to 2033
• The Worldwide Packaging Inks Market Size is Expected to Reach USD 18.4 Billion by 2033
• North America is expected to grow the fastest during the forecast period.

The Global Packaging Inks Market Size is anticipated to exceed USD 18.4 Billion by 2033, growing at a CAGR of 8.03% from 2023 to 2033. The growing demand for sustainable packaging solutions that leads to the development of eco-friendly inks to align with environmental concerns is driving the market for packaging inks.

Market Overview

The packaging inks market refers to the market for inks used for printing on packaging materials. Packaging inks are colorants, binders, solvents, and additives used to enhance the appearance of packaging and to preserve the quality of images. They are a key component of product packaging, helping to communicate information, promote branding, and improve the product’s aesthetic appeal. The printing method, the packaging material, and the particular needs of the application such as resistance, durability, and environmental concerns influence the choice of packaging ink. An increasing need for environmentally friendly packaging options is propelling the industry growth for packaging inks. Packaging customization is a trend that enables firms to establish a more intimate connection with their customers. The use of specialty inks has enabled firms to create customized batches, boosting client engagement and loyalty, from incorporating names to distinctive artwork. The integration of smart technologies like NFC, AR markers, and QR codes with packaging inks, enhances the customer experience and gives marketers access to useful data, thereby escalating the market growth opportunities for packaging inks.

Report Coverage

This research report categorizes the packaging inks market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the packaging inks market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the packaging inks market.

Driving Factors

The increasing need for sustainable and eco-friendly inks owing to the growing awareness about the environmental impact of packaging waste which includes inks pollution and toxicity issues is driving the market demand. In addition, the rising popularity of packaging inks owing to their color, flow behavior, good surface appearance, performance, and gloss is propelling the packaging inks market. 

Restraining Factors

The environmental and regulatory challenges that aim at reducing the ecological footprint of packaging materials may hamper the market growth.

Market Segmentation

The packaging inks market share is classified into type, printing method, and application.

• The solvent based segment accounted for the largest market share and is expected to register a significant CAGR growth during the forecast period.

Based on the type, the packaging inks market is classified into solvent based, water based, and others. Among these, the solvent based segment accounted for the largest market share and is expected to register a significant CAGR growth during the forecast period. The solvent-based packaging inks contain solvent as a base constituent used on various pigments and substrates. These inks are essential for usage on the packaging because they provide prints that are long-lasting, and resilient to rubbing, and scratching.

• The flexographic segment is anticipated to hold the largest market share during the forecast period.

Based on the printing method, the packaging inks market is classified into flexographic, gravure, and others. Among these, the flexographic segment is anticipated to hold the largest market share during the forecast period. There is an increasing focus on water-based flexo inks to reduce the environmental impact on the manufacturing process. Further, the low cost and environment-friendly nature of flexographic inks is driving the market demand.

• The food & beverages segment dominated the market with the largest revenue share in 2023.

Based on the application, the packaging inks market is classified into food & beverages, cosmetics & personal care, pharmaceuticals, and others. Among these, the food & beverages segment dominated the market with the largest revenue share in 2023. Application of packaging inks includes marking and coding with lot information, expiration dates, and 2D codes. The increasing popularity of flexible packaging is significantly contributing to driving the market demand in the food & beverages segment.

Regional Segment Analysis of the Packaging Inks Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the packaging inks market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the packaging inks market over the predicted timeframe. The expanding retail sector and the growing demand for products in packaging and labeling applications in emerging economies like China and India are driving market expansion in the region. The increasing demand for the packaging and labels sector in the region is contributing to propelling the packaging inks market.

North America is expected to grow at the fastest CAGR growth of the packaging inks market during the forecast period. The growing need from the pharmaceutical industry and the adoption of new technologies are supporting the market growth for packaging inks. The demand for environment-friendly printing inks owing to the stringent regulatory landscape is propelling the packaging inks market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the packaging inks market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arkema S.A.
• Akzo Nobel N.V.
• Flint Group
• Siegwerk Druckfarben AG & Co. KGaA
• Sun Chemical
• Interstate Inks
• Altana AG
• Sakata Inx (India) Private Limited
• INX International Ink Co.
• Chemicoat
• Toyo Ink Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, Flint Group, a leader in ink and coating solutions for the printing and packaging sectors, announced the expansion of its TerraCode range with its latest addition: TerraCode Bio. This new range expands Flint Group’s environmentally conscious bio-based extenders and coatings designed for the corrugated market.
• In March 2024, Global print consumables supplier Flint Group launched Novasens P670 PRIME, a high-performance low odour, low migration (LOLM) process ink series formulated to meet the needs of Sheetfed Offset packaging printers worldwide.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the packaging inks market based on the below-mentioned segments:

Global Packaging Inks Market, By Type

• Solvent based
• Water based
• Others

Global Packaging Inks Market, By Printing Method

• Flexographic
• Gravure
• Others

Global Packaging Inks Market, By Application

• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceuticals
• Others

Global Packaging Inks Market, By 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 the Middle East & Africa