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Printing Inks Global Market Analysis, Trends, Growth, Research And Forecast 2033
Printing Inks Global Market Analysis
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According to The Business Research Company's, The printing inks market size has grown strongly in recent years. It will grow from $31.81 billion in 2023 to $33.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to publication and commercial printing, packaging industry growth, raw material costs, globalization, economic conditions.
The printing inks market size is expected to see steady growth in the next few years. It will grow to $40.16 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to sustainable practices, e-commerce boom, brand differentiation, smart packaging, health and safety compliance, . Major trends in the forecast period include digital printing advancements, digital printing dominance, environmentally friendly inks, uv led technology, 3d printing inks, smart packaging and rfid inks.
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Market Drivers and Trends:
3D technology will be a driver of the printing ink market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In November 2021, Cubic Ink materials from ALTANA and DP Polar are revolutionizing industrial 3D inkjet printing. Multi-material capability for maximum productivity for a wide variety of printing materials is processed using the continuous Multi-material Jetting process.
Major companies operating in the printing inks market are introducing innovative solutions such as Onset 560 ink to gain a competitive edge in the market. The Onset 560 inkjet printing press is equipped with a comprehensive full-width printhead system and incorporates cutting-edge automation including robotic technology. It is capable of addressing various applications in signage, display, and packaging, achieving speeds of up to 1450 square meters per hour. For instance, in May 2023, Agfa Corporation, a Belgium-based developer and provider of imaging systems and IT solutions, mainly for the printing industry, launched Onset 560 ink that offers exceptional print quality, an extensive range of colors, and minimal ink consumption. This combination results in substantial cost savings, typically exceeding 20% in ink savings when compared to other ink options.
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Major Key Players of the Market:
DuPont Inc., Arkema SA, DIC Corporation, Sun Chemical Corporation, Altana AG, TOYO Ink Group, Agfa-Gevaert NV, Flint Group, Siegwerk Druckfarben AG & Co., Rieger Druckfarben GmbH & Co. KG, Sakata INX Corporation, Ferro Corp., Huber Group, T&K TOKA Corporation, Tokyo Printing Ink Mfg. Co. Ltd., Nazdar Company, DYO Matbaa Mürekkepleri Sanayi ve Ticaret A.S., Wikoff Color Corporation, Sanchez SA de CV, Dainichiseika Color & Chemicals Mfg.Co. Ltd, Marabu GmbH & Co. KG, Epple Druckfarben AG, Fujifilm Sericol India Private Limited, Doneck Euroflex S.A., RUCO Druckfarben, Encres Dubuit, Zeller+Gmelin GmbH & Co. KG, Royal Dutch Printing Ink Factories Van Son, Brancher Company
Printing Inks Market 2024 Key Insights:
• The printing inks market size is expected to see steady growth in the next few years. It will grow to $40.16 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
• 3D Printing Ink Fuels The Growth Of The Printing Inks Market
• Printing Inks Market Embrace Innovation For Better Quality And Ink Savings
• Western Europe was the largest region in the printing inks market in 2023
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