Oil-Based Printing Inks Market 2024-2033 - Size, Growth, Trends & Competitive Landscape

The Business Research Company recently released a comprehensive report on the Global Oil-Based Printing Inks Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The oil-based printing inks market size has grown steadily in recent years. It will grow from $11.94 billion in 2023 to $12.47 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to printing industry growth, quality and durability, versatility, color intensity.

The oil-based printing inks market size is expected to see steady growth in the next few years. It will grow to $14.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to sustainability and environmental concerns, digital printing integration, flexible packaging growth, specialty applications. Major trends in the forecast period include water-based oil inks, uv-curable oil inks, personalization and variable data printing, recyclability and circular economy.

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Market Drivers and Trends:

The demand for environmentally friendly inks is increasing and it is expected to drive the oil-based printing ink market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks, have been banned due to an explosion and fire that occurred in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks, which can be used as a substitute for petroleum and chemical-based inks and are produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, in October 2022, INX International, a global manufacturer of high-performance printing inks and coatings, displayed and demonstrated its environmentally friendly inks at the PRINTING United Expo. In addition, Mojoprint, which is Japan's number one English-language printing service company, uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks. Thus, the demand for environmentally friendly inks will drive the oil-based printing ink market.

The printing ink industry has introduced high-resolution replacement inks as a cost-effective alternative for barcode case coding applications. High-resolution inks are more effective than traditional inks as they allow fine and solid printing at high speeds. They also enable re-printability and drastically reduce the number of cleaning stencils required. For instance, IIMAK introduced Sure Scan II Plus, a high-resolution replacement compatible inkjet ink that reduces printing costs, downtime, and waste. This is a replacement option that works in a wide range of high-resolution inkjet printers, including FoxJet, Matthews, and Diagraph. Top companies in the market are developing high-definition inks with premium durability, a fast dry time, and a 12-month shelf life.

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Major Key Players of the Market:

Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Ink Co. Inc., Flint Group, Hubergroup, Sun Chemical Corporation, Wikoff Color Corporation, Siegwerk Druckfarben AG & Co., Sakata Inx Corporation, Toyo Ink SC Holdings Co. Ltd, Dic Corporation, Dupont De Nemours Inc., Encres Dubuit SA, Dainichiseika Color and Chemicals Mfg. Co. Ltd., DEERS i Co. Ltd., Dow Chemical Company, T&K Toka Co. Ltd., Altana AG, Fujifilm Sericol India Pvt. Ltd., Marabu GmbH & Co. KG, Zeller+Gmelin GmbH & Co. KG, Epple Druckfarben AG, Sicpa Holding SA, Tokyo Printing Ink Mfg. Co. Ltd., Tintas Arzubialde S.L., Sanchez SA de CV, Magna Colours Ltd., Kao Collins Inc., InkJet Inc., Cranfield Traditional Relief Inks, Gamblin Etching Inks

Oil-Based Printing Inks Market 2024 Key Insights:

• The oil-based printing inks market size is expected to see steady growth in the next few years. It will grow to $14.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.
• Increasing Demand For Environmentally Friendly Inks Fuels Growth In The Oil-Based Printing Ink Market
• High-Resolution Replacement Inks Revolutionize Barcode Case Coding For Cost Efficiency
• Western Europe was the largest region in the oil-based printing inks market in 2023

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