The report “Printing Ink Market by Type (Nitrocellulose, Polyurethane, Water based, Acrylic, UV Curable), Process (Gravure, Flexographic, Lithographic, Digital), Application (Cardboards, Flexible Packaging, Tags & Labels, Cartons), & Region – Global Forecasts to 2028″, is estimated at USD 19.0 billion in 2022 and is projected to reach USD 28.6 billion by 2028, at a CAGR of 7.0% from 2023 to 2028. The growth of the market is being driven by a few factors, including the growing demand for flexible packaging, the increasing demand for digital printing, the growing demand for sustainable printing inks, and the growth of the electronics industry. The growing demand for flexible packaging is being driven by the increasing popularity of online shopping and the need for packaging that is both durable and attractive. Digital printing is becoming increasingly popular due to its ability to produce high-quality prints on a variety of materials. Sustainable printing inks are becoming more popular due to growing concerns about the environmental impact of traditional printing inks. The electronics industry is a major user of printing inks, and the growth of this industry is driving the demand for printing inks.
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• 167 Market data Tables
• 65 Figures
• 241 Pages and in-depth TOC on “Printing Ink Market – Global Forecast to 2028”
Some of the prominent key players are:
- DIC Corporation (Japan)
- Toyo Ink SC Holdings Co., Ltd. (Japan)
- T&K TOKA CORPORATION (Japan)
- Tokyo Printing Ink Mfg. Co., Ltd. (Japan)
- FUJIFILM Holdings Corporation (Japan)
- Yip’s Chemical Holdings Limited (Hong Kong)
- Sakata Inx Corporation (Japan)
- Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan)
- Siegwerk Druckfarben AG & Co. KGaA (Germany)
- Hubergroup (Germany)
- Flint Group (Luxembourg)
- SICPA Holding SA (Switzerland)
- Wikoff Color Corporation (US)
- ALTANA (Germany)
- DEERS i Co., LTD. (South Korea)
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Driver: Rising demand from packaging industry
The increasing demand for visually appealing and informative packaging in industries like food, beverages, and consumer goods is driving the need for high-quality printing inks. Packaging serves as a crucial tool for brand differentiation, product communication, and consumer engagement, fueling the demand for innovative ink formulations that can enhance packaging aesthetics and functionality. Also, the growing environmental consciousness is pushing industries to adopt eco-friendly practices, leading to the demand for printing inks with lower VOC emissions, bio-based components, and water-based formulations. This driver aligns with both regulatory requirements and consumer preferences for sustainable products, driving the market towards greener and more responsible ink solutions.
| Based on the application, the tags and labels segment are estimated to account for the largest market share during the forecast period
Based on the application type of tags and labels segment is estimated to account for the largest market share. In the printing ink market, the application of printing inks in tags and labels is projected to hold the highest share due to its wide-ranging significance across industries. Tags and labels serve as crucial elements for product identification, branding, information dissemination, and regulatory compliance. Whether on consumer goods, pharmaceuticals, food and beverages, textiles, or industrial products, printing inks play a pivotal role in creating visually appealing and informative tags and labels. These inks are required to exhibit exceptional adhesion to various substrates, resistance to external factors like moisture and friction, and compliance with health and safety standards. With growing consumer demands for personalized packaging, high-quality visuals, and traceability, the use of printing inks in tags and labels has become a cornerstone of effective marketing, supply chain management, and consumer communication. As industries continue to innovate in packaging design, sustainability, and brand differentiation, the demand for versatile and reliable printing inks in the tags and labels application is expected to maintain its leading position in the market. Asia Pacific to hold the largest market share during the forecast period Asia Pacific is poised to dominate the printing ink market by holding the largest market share, driven by a combination of factors that underscore the region’s economic growth, industrial expansion, and consumer demands. With the presence of several emerging economies and a significant manufacturing base, Asia Pacific is witnessing increased production activities across diverse industries such as packaging, textiles, electronics, and automotive. This growth fuels the demand for printing inks used in packaging, labels, promotional materials, and industrial applications. Moreover, the region’s rapid urbanization, rising disposable incomes, and changing lifestyles contribute to greater consumer demand for products, enhancing the need for effective branding, labeling, and packaging – all of which rely heavily on printing inks. As industries prioritize innovation, customization, and sustainability, Asia Pacific’s substantial market share is expected to persist, fueled by its evolving manufacturing landscape and its role as a hub for both production and consumption across multiple sectors. This factor driving the printing ink market in the region. |
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