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Eco-friendly Inks Market Growth to be Driven by Emerging Trends | $5.63 Billion by 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What is the Projected Market Size of the Eco-friendly Inks Industry?
The market size for eco-friendly inks has seen a robust growth in recent years. It is expected to increase from $4.13 billion in 2024 to $4.39 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The growth observed in the past years is largely due to increased demand from the packaging sector, advancement in the food and beverage sector, expansion in the textile industry, increasing prices of traditional inks, and regulatory actions against VOC emissions.
What Will Be the Size of the Eco-friendly Inks Market by 2029?
The market size of eco-friendly inks is projected to experience robust growth in the coming years, reaching $5.63 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The anticipated growth during the forecast period could stem from increased funding for research and development, better access to raw materials, an uptick in the aging population, the need for sustainable and environment-friendly inks, and the advancement of green printing technologies. Notable trends to watch in the forecast period encompass technological innovation, bio-based and low-VOC inks, compatibility between digital printing and eco-friendly inks, novel product development, and adherence to industry regulations.
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What Are the Key Drivers Accelerating Growth in the Eco-friendly Inks Market?
The eco-friendly inks market is projected to experience significant growth, buoyed by the expansion of the textile industry. The textile industry category includes the production of fibers, yarns, fabric, and end products like clothing and household textiles. This sector also encompasses a variety of processes such as spinning, weaving, and dyeing. The expansion of the textile industry is mainly due to a surge in global clothing demand, sustainable material innovations, and advancements in production methods. Eco-friendly inks serve the textile industry by minimizing environmental implications, lessening water and energy use, and catering to consumer appeal for sustainable items, all while maintaining high print quality. For example, the Textile Exchange, a non-profit organization in the US, revealed in December 2023 that the worldwide fiber production escalated from 112 million tones in 2021 to 116 million tones in 2022, with estimates set to reach 147 million tones by 2030. Consequently, the growth of the textile industry is a key driving force for the eco-friendly inks market.
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How Is the Eco-friendly Inks Market Segmented by Type, Application, and Region?
The eco-friendly inks market covered in this report is segmented -
1) By Product Type: Water-Based Inks, UV-Curable Inks, Soya-based Inks, Other Product Types
2) By Origin of Bio Pigments: Flint Ink, Algae Inks, Animal Origin, Vegetable-based Ink
3) By Color: Four Color, Monochrome Printing
4) By Application: Packaging, Printing And Publication, Other Applications
5) By End-Use: Food And Beverages, Cosmetics And Personal Care, Pharmaceuticals, Other End-Uses
Subsegments:
1) By Water-Based Inks: Dye-Based Water Inks, Pigment-Based Water Inks, Latex Water Inks
2) By UV-Curable Inks: Free Radical UV-Curable Inks, Cationic UV-Curable Inks
3) By Soya-Based Inks: Offset Soya Inks, Flexographic Soya Inks, Gravure Soya Inks
4) By Other Product Types: Algae-Based Inks, Bio-Based Inks, Vegetable Oil-Based Inks
What Are the Key Trends Driving Growth in the Eco-friendly Inks Market?
Leading organizations in the eco-friendly inks market are concentrating on technological innovations like the creation of UV offset ink series, aiming to augment sustainability, minimize environmental damage, and enhance print quality. UV offset ink is a unique printing ink that dries rapidly when exposed to UV light, leading to quicker drying periods, lower energy usage, and reduced environmental damage in comparison to conventional inks. For example, in May 2022, Siegwerk, a chemical manufacturing firm based in Germany, launched SICURA Litho Pack ECO, a novel series of UV offset inks specially crafted for non-food paper and board uses. This pioneering ink series flaunts an impressive 40% bi-renewable content, markedly surpassing the average for UV inks, presenting a more sustainable alternative for printing necessities. Siegwerk's fresh UV offset ink series signifies a crucial progression in eco-friendly printing methods, merging top-class performance with sustainability to cater to the changing requirements of the packaging sector.
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Who Are the Leading Companies Driving Growth in the Eco-friendly Inks Market?
Major companies operating in the eco-friendly inks market are Sun Chemical, DIC Corporation, Omya AG, Flint Group, INX International Ink Co., Siegwerk Druckfarben AG & Co. KGaA, Huber Group, T&K TOKA Corporation, Wikoff Color corporation, Marabu Printing Inks, Zeller+Gmelin GmbH & Co. KG, Kao Collins Corporation, Royal Dutch Printing Ink Factories Van Son, STS Inks, EPTANOVA, Toyo Ink, Kwang Myung Ink Co. Ltd, Magna Colours Ltd., SIMBAL ENTERPRISES, ALFA TECH
Which Is the Leading Region in the Global Eco-friendly Inks Market?
North America was the largest region in the eco-friendly inks market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eco-friendly inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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