Global Printing Ink Market Insights Forecasts to 2032

• The Global Printing Ink Market Size was valued at USD 18.71 Billion in 2022.
• The Market Size is growing at a CAGR of 6.7% from 2022 to 2032
• The Worldwide Printing Ink Market Size is expected to reach USD 35.93 Billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Printing Ink Market size is anticipated to exceed USD 35.93 Billion by 2032, growing at a CAGR of 6.7% from 2022 to 2032.

The Global printing ink market is a dynamic industry that evolves in tandem with technological advancements and shifting consumer preferences. It is a critical enabler of visual communication in a variety of industries, with innovation and sustainability as cornerstones of its future growth.

Market Overview

The global printing ink market is an important part of the vast printing and packaging industry, as it provides the necessary medium for transferring text and imagery onto various substrates. These inks include a wide range of formulations designed to meet the specific needs of various printing processes such as lithography, flexography, gravure, and digital printing. The expansion of the market is inextricably linked to advancements in the packaging, publishing, advertising, and textile industries, as well as the proliferation of digital printing technologies. Pigments or dyes, as well as binding agents and additives, are used in printing inks to ensure adhesion, color vibrancy, and durability on substrates such as paper, plastics, metals, and fabrics. The market landscape is distinguished by the presence of major players who invest continuously in R&D to improve ink performance, eco-friendliness, and compatibility with evolving printing technologies. The expanding packaging sector driven by consumer goods, pharmaceuticals, and food industries is a key driver of the global printing ink market. Furthermore, the shift toward eco-friendly and sustainable inks, in accordance with stringent environmental regulations, is critical in shaping the market's direction. The rise of digital printing, which provides quick turnaround times and customization options, adds to the market's evolution.

Report Coverage

This research report categorizes the market for the global printing ink market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the printing ink market. Recent market developments and competitive strategies such as expansion, product launch, and 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 printing ink market.

Driving Factors

The packaging industry, which is driven by the consumer goods, pharmaceutical, and food industries, continues to be a major driver of printing ink demand. As more products require appealing packaging to attract customers, the demand for high-quality, vibrant, and long-lasting printing inks grows. Continuous advancements in printing technologies, such as digital printing and UV-curable inks, are propelling the market. Customization, shorter lead times, and cost-effectiveness for short print runs are all advantages of digital printing, which influences ink formulation and performance requirements. As people become more aware of environmental issues, there is a greater demand for environmentally friendly and sustainable printing inks. Stringent regulations governing VOC emissions and hazardous substances force ink manufacturers to create formulations that have the least amount of environmental impact. E-commerce growth has increased demand for packaging, such as corrugated boxes, labels, and inserts. As a result, high-quality printing inks that can withstand handling, shipping, and storage are in high demand.

Restraining Factors

Alternative methods, such as digital printing, have emerged as a result of technological advancements, and they can be more cost-effective for short print runs and customization. Digital technology competition may limit the growth of traditional printing methods and ink consumption. The printing ink market is extremely competitive, with a plethora of players offering a diverse range of products. Manufacturers may face pricing pressures and lower profit margins as a result of this, particularly in commoditized segments.

Market Segmentation

The Global Printing Ink Market share is classified into type and process.

• 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 categorized by type into Nitrocellulose, Polyurethane, Water based, Acrylic, UV Curable. Among these, the UV Curable segment is expected to grow at the rapid pace in the global printing ink market during the forecast period. UV curable inks are rapidly gaining popularity due to their quick curing times and ability to adhere to a variety of substrates such as plastics, glass, and metals. When exposed to UV light, these inks solidify, resulting in instant drying and minimal environmental impact. They are commonly used in high-quality, high-speed printing applications such as packaging and labels.   

• The Lithographic segment accounted for a significant share of the global printing ink market in 2022.         

Based on the process, the global printing ink market is divided into Gravure, Flexographic, Lithographic, Digital. Among these, the Lithographic segment accounted for a significant share of the global printing ink market in 2022. Offset printing, also known as lithographic printing, is based on the principle that oil and water do not mix. The image is transferred to a plate with an ink-receptive surface, then to a rubber blanket, and finally to the substrate. Offset printing is well-known for reproducing fine details and achieving consistent color accuracy. It is widely used in the production of books, magazines, brochures, and commercial printing.         

Regional Segment Analysis of the Global Printing Ink 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)

North America is anticipated to hold a significant share of the global printing ink market over the predicted timeframe.

North America is projected to hold a significant share of the global printing ink market over the predicted years. This region, which includes the United States and Canada, has a sizable market for printing inks. Packaging, publishing, advertising, and textiles are among the industries driving demand. The market landscape is being shaped by technological advancements, environmental regulations, and a focus on sustainable inks. The growing demand for high-quality, customized printing, particularly in packaging and labeling, drives up ink consumption.       

Asia Pacific is expected to grow at the fastest pace in the global printing ink market during the forecast period. Asia-Pacific is a rapidly expanding printing ink market, driven by the expansion of industries such as packaging, textiles, electronics, and advertising. China, India, Japan, and South Korea are all major players in the market. Economic expansion, urbanization, and rising disposable incomes all contribute to an increase in demand for printed materials. The region's adoption of modern printing technologies, as well as the rise of e-commerce, drive up ink usage even more.     

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global printing ink along with a comparative evaluation primarily based on their product 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 product 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

• 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 
• Others

Key Target Audience

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

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.

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, By Region

• 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