Global UV Cure Printing Inks For Packaging Market Size By Curing Process (Arc Curing, LED Curing), By Printing Process (Inkjet, Offset), By Packaging Type (Flexible Packaging, Pressure-Sensitive Labels (PSL)), By Application (Food & Beverages, Pharmaceuticals & Healthcare), By Geographic Scope And Forecast

UV Cure Printing Inks For Packaging Market Size And Forecast

UV Cure Printing Inks For Packaging Market size was valued at USD 5.1 Billion in 2022 and is projected to reach USD 11.1 Billion By 2030, growing at a CAGR of 10.3% from 2023 to 2030.

High demand from the packaging sector & growing food & beverage industries is driving the market growth. Furthermore, the increasing demand for packaged food and pharmaceutical products is growing in economies, such as China, India, and others, which is expected to drive the growth of the UV Cure Printing Inks For Packaging Market. The Global UV Cure Printing Inks for Packaging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global UV Cure Printing Inks For Packaging Market Definition

High-intensity UV light is used in the photochemical process known as UV curing to quickly dry or cure inks, coatings, and adhesives. The UV curing process relies on a photochemical reaction and employs light rather than heat to complete the process. The four components of the UV-curable ink container are monomers, oligomers, pigments, and photoinitiators. The UV curing process is preferable to conventional drying methods in that it has been shown to speed up production, lower reject rates, enable superior bonding and improve scratch and solvent resistance.

UV cure printing inks for packaging provide a number of advantages, including higher gloss and superior outdoor durability. They also offer better chemical and solvent resistance, better bonding, no emissions, and scratch and abrasion resistance. The UV rays-cured printing inks have better physical properties because they were created with less time, energy, waste, and population. As a result, they are primarily used in a variety of end-use industries, including packaging and others, which is driving the market for packaging.

Global UV Cure Printing Inks For Packaging Market Overview

High demand from the packaging sector & growing food & beverage industries is driving the market growth. The packaging market is constantly evolving to cater to the changing consumer needs. The rising disposable incomes and the growing middle-class population are among the prominent factors driving the demand for packaging across industries, such as food and beverage, consumer products, and industrial goods. This will in turn increase the demand for the UV cure printing inks for packaging.

Furthermore, the increasing demand for packaged food and pharmaceutical products is growing in economies, such as China, India, and others, which is expected to drive the growth of the UV Cure Printing Inks For Packaging Market. Moreover, the development of flexographic printing is also expected to augment the growth of the UV cure printing inks for packaging. UV-cured systems have seen rapid expansion in certain segments of flexographic printing, especially among of mid-size presses and narrow web printing for labels.

The process has various distinctive features that must be considered when formulating suitable UV-curing inks. It is majorly used for printing on non-porous substrates required for several types of food packaging. However, the high initial costs, volatile raw material prices, high regulation on disposal, and slow-down of the printing industry are the potential restricting factors that might hinder the overall market growth. Also the decreasing sales and the falling unit selling prices are hindering the industry profits from manufacturers and service providers.

Global UV Cure Printing Inks For Packaging Market Segmentation Analysis

The Global UV Cure Printing Inks For Packaging Market is segmented on the basis of Curing Process, Printing Process, Packaging Type, Application, and Geography.

UV Cure Printing Inks For Packaging Market, By Curing Process

• Arc Curing
• LED Curing
• Others

To Get Summarized Market Report By Curing Process-

Based on Curing Process, the market is bifurcated into Arc Curing, LED Curing, and Others. LED Curing accounted for the largest market share and is projected to grow at the highest CAGR of 10.54% during the forecast period. LED Curing offers lucrative benefits as it exerts less pressure on air conditioning, and needs lesser lamp heat up time. It needs minimum factory space and incurs minimum maintenance costs. Therefore, the LED curing process is growing with the higher CAGR over the forecasted period driving the demand within the global UV cured printing inks for the packaging market.

UV Cure Printing Inks For Packaging Market, By Printing Process

• Inkjet
• Offset
• Lithographic Printing
• Flexographic Printing
• Others

Based on Printing Process, the market is bifurcated into Inkjet, Offset, Lithographic Printing, Flexographic Printing, and Others. Flexographic Printing accounted for the largest market share and is projected to grow during the forecast period. . It offers lower heat benefits with the application of LED-UV curing as it can cure the printing inks with cooler temperatures. It is highly beneficial for printing on thinner films and a wider range of label stocks. Flexographic printing is a cost-effective process with a 20% lower ink cost, but it offers the printing for short-run printing in the packaging. Therefore, the demand for flexographic printing in packaging is lower.

UV Cure Printing Inks For Packaging Market, By Packaging Type

• Flexible Packaging
• Pressure-Sensitive Labels (PSL)
• Packaging Tags & Sleeves
• Packaging Plastic Tubes
• Others

Based on Packaging Type, the market is bifurcated into Flexible Packaging, Pressure-Sensitive Labels (PSL), Packaging Tags & Sleeves, Packaging Plastic Tubes, and Others. Pressure-Sensitive Labels (PSL) accounted for the largest market share and is projected to grow during the forecast period.

UV Cure Printing Inks For Packaging Market, By Application

• Food & Beverages
• Pharmaceuticals & Healthcare
• Personal Care
• Automotive
• Chemicals
• Others

Based on Application, the market is bifurcated into Food & Beverages, Pharmaceuticals & Healthcare, Personal Care, Automotive, Chemicals, and others. Food & Beverages accounted for the largest market share and is projected to grow during the forecast period. UV cure printing inks for packaging in food and beverages applications play a vital role to meet the demands for low migration and odor, and prohibition of toxicology. The application of UV-curing inks and coatings in food and beverages packaging has a major concern of photoinitiators used in the inks.

UV Cure Printing Inks For Packaging Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

To Get Summarized Market Report By Geography- 

On the basis of regional analysis, the Global UV Cure Printing Inks For Packaging Market is classified into North America, Europe, Asia Pacific Middle East and Africa, and Latin America. Asia Pacific accounted for the largest market share and is projected to grow at the highest CAGR of 11.32% during the forecast period. Increased spending by consumers on packaged goods, especially in food and beverage, is one of the major factors driving the UV cured printing inks for packaging market growth. The growth in the packaging industry is expected to majorly propel the printing ink market in India.

Key Players

The “Global UV Cure Printing Inks For Packaging Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Sun Chemical (DIC Corporation), INX International Ink Co., Siegwerk Druckfarben AG & Co. KGaA, Flint Group, TOYO INK SC HOLDINGS CO. LTD., APV Engineered Coatings, Avery Dennison Corporation, FUJIFILM Corporation, Gans Ink & Supply, ALTANA, and HP Development Company LP.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• A collaboration agreement has been reached between Toyo Ink SC Holdings Co., Ltd. and ITOCHU Corporation to create a plastic recycling program for the recovery and redistribution of multilayer film packaging materials.
• The merger of Flint Group Flexographic and Xeikon Prepress has resulted in the creation of a brand-new subsidiary, which Flint Group has announced as being called XSYS.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global UV Cure Printing Inks For Packaging Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global UV Cure Printing Inks For Packaging Market, gauge the attractiveness of a certain sector, and assess investment possibilities.