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Printing Inks Market Size Worth USD 24.77 Billion in 2032 | Emergen Research
Printing Inks Market
Driving Factors
The rise in demand for printing inks is primarily attributed to the flourishing textile and ceramic tile printing industries. With the global textile sector valued at approximately USD 1.3 trillion and employing over 60 million individuals, the demand for printing inks continues to surge. Additionally, advancements in ink resin technologies and the adoption of printing inks in packaging industries further propel market growth.
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Industry Insights
The market report segments printing inks based on processes, resins, products, and applications. Lithographic inks dominate the market due to their versatility and effectiveness in producing high-quality graphics and packaging materials. Polyurethane resin leads in resin segments, offering durability and versatility, especially in 3D printing applications. Oil-based printing inks remain dominant in product segments, favored for their vibrancy and longevity, particularly in commercial printing and packaging.
Market Challenges
Despite the positive outlook, the shift from print media to digital media presents a challenge to the printing inks market. This transition, coupled with high production costs and stringent quality control measures, poses barriers to revenue growth. However, manufacturers are actively addressing these challenges through innovation and research.
Key Partnerships and Innovations
In response to market demands, industry players are forming strategic partnerships and launching innovative products. For instance, Koenig & Bauer collaborated with Hubergroup Print Solutions to develop conventional printing inks tailored for specific printing presses. Similarly, DIC Group introduced environmentally friendly water-based polyurethane resins, catering to the growing demand for sustainable printing solutions.
Future Outlook
The future of the printing inks market appears promising, with a projected increase in demand for digital printing, particularly in textiles and ceramics. The packaging and labels segment is expected to witness significant growth, driven by the need for durable and innovative printing solutions. Manufacturers are focused on meeting evolving industry needs through product innovation and technological advancements.
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Printing Inks Top Companies and Competitive Landscape
The global printing inks market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective printing inks.
• DIC Corporation
• Tokyo Ink SC Holdings Co. Ltd
• Flint Group
• Siegwek Druckfarben AG & Co. KGaS
• Hubergroup
• Avreon Chemicals
• Altana
• Mallard Ink Co. and Offset Blanket Co. Inc
• Inknovators
• Royal Dutch Printing Ink Factories Van Son
• Sun Chemical
• Zeller + Gmelin
• INX International Ink Co.
• Gardiner Colours Limited
• Wikoff Color Corporation
• T&K TOKA Corporation
• Kohinoor Printing Ink Co.
• FujiFilm Corporation
Printing Inks Latest Industry News
• On 22 March 2023, Domestic manufacturer of printing inks, innovative packaging solutions, and related materials, DIC India Limited, part of the DIC Group, a global leader in printing inks and packaging, inaugurated Optima's toluene-free plant for manufacturing liquid inks at Saykha in Bharuch district, Gujarat. Spread over an area of 92,500 m2, the factory has a production capacity of more than 10,000 tons of TF, KF/NTNK liquid inks in two shifts in phase I. The factory will continue to expand production of value-added products, specialized for domestic and export markets.
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Printing Inks Market Segment Analysis
For the purpose of this report, Emergen Research has segmented global printing inks market on the basis of process, resin, product, application, and region:
• Process Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Gravure inks
o Flexographic Inks
o Lithographic Inks
o Digital Inks
o Others
• Resin Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Modified Resin
o Modified Cellulose
o Acrylic
o Polyrethane
o Others
• Product Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Solvent Based
o Water Based
o Oil Based
o UV-Cured Based
• Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Packaging and Labels
o Corrugated Cardboards
o Commercial Printing
o Others
• Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
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Emergen Research
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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