The global printing inks market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. High demand from several end-user industries, including commercial printing & publishing, flexible packaging, printing labels, and rapid urbanization in developing economies, drives the global printing inks market growth. Also, the ongoing advancements in printing ink technology and the growing popularity of the digital printing industry are expected to impact the global printing inks market growth significantly.
Rapid Urbanization Drives the Market Growth
Consumers prefer to move into urban areas in search of better job opportunities and better living standards. The growing disposable income boosts modern consumption patterns, including the demand for packaged goods among consumers. Also, the changing consumer preference to live in nuclear families is accelerating the demand for packaged goods, such as the high consumption of food supplied in small portions. Customers are using the online sales channel to order the products for daily needs as they offer higher comfort and convenience, and the growing popularity of the online sales channel is accelerating the demand for quality packaging. Major brands are using printed packaging in sophisticated ways to garner the maximum customer attraction and promote their brands among consumers, which is expected to boost the global printing inks market growth in the next five years.
Advancements in Technology Supports the Market Growth
Printing ink market players invest in research and development activities to upgrade the existing infrastructure and find innovative solutions to develop economical and non-toxic raw materials such as modified celluloid, graphene, and carbon. Also, the growing popularity of digital printing and ink-jet printers are expected to create lucrative growth opportunities for the global printing inks market in the forecast period. Digital printing is expanding at a rapid rate into electrophotography and label production. Digital printing offers several advantages such as quick turnaround time and is very popular among different brand owners. Developments in digital printing such as creasing, digital carton cutting, and other completion techniques are expected to increase folding cartons, flexible packaging, and corrugated packaging applications. Ink-jet
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Market Segmentation
Market Players
Sun Chemical (DIC Group), FlintGroup, Sakata INX, Toyo Ink Co., Ltd., Siegwerk Druckfarben, Hubergroup, T & K Toka Co., Ltd, Tokyo Printing Ink, Fujifilm North America Corporation, SICPA, Altana AG, Dainichiseika Color, Wikoff Color, Yip’s Chemical Holdings, Uflex, Sanchez SA de CV, Marabu GmbH & Co, Xinxiang Wende Xiangchuan, Daihan Ink, Letong Chemical, are the key market players operating in the global printing inks market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Chemical Component · Type · Application · Market Segment |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, United Kingdom, Italy, Germany, Spain, China, India, Japan, South Korea, Taiwan, Thailand, Australia, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Kuwait |
| Key companies profiled | Sun Chemical (DIC Group), FlintGroup, Sakata INX, Toyo Ink Co., Ltd., Siegwerk Druckfarben, Hubergroup, T & K Toka Co., Ltd, Tokyo Printing Ink, Fujifilm North America Corporation, SICPA, Altana AG, Dainichiseika Color, Wikoff Color, Yip’s Chemical Holdings, Uflex, Sanchez SA de CV, Marabu GmbH & Co, Xinxiang Wende Xiangchuan, Daihan Ink, Letong Chemical |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
