The global ink market size reached US$ 20.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 26.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.0% during 2023-2032.
Ink has been around for centuries and plays a vital role in most aspects of human life. It can be in the form of a liquid or a paste and is primarily produced from materials like solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents and surfactants. It can be divided into two broad classes - printing and writing inks. Over the past few years, printing ink has witnessed a higher growth in demand as it is utilized for printing books, posters magazines, newspapers, calendars, journals and photographs.
The growth in the packaging industry represents the leading growth-inducing factor for the market as ink is widely used in the packaging of various products. Since packaging plays a pivotal role in attracting consumers, product manufacturers are investing in elaborative and unique packing solutions. In addition to this, due to stringent government regulations, it has become mandatory for the manufacturers of cosmetics, personal care products, food and beverages to include details like product price, quantity, ingredients, and date of manufacturing and expiry on the packaging. Moreover, on account of inflating income levels, easy availability of products and growing internet penetration, the e-commerce industry is flourishing at a robust rate, in turn, driving the demand for printing ink. However, with the digitalization of media, there has been a shift from print advertising to electronic channels in recent years. Despite a decline in its market growth, print advertising holds a significant share in the advertising industry as a large part of the consumers still subscribe to periodicals such as journals, newspapers and magazines.
2. What will be the global ink market outlook during the forecast period 2024-2032?
3. What are the global ink market drivers?
4. What is the impact of COVID-19 on the global ink market?
5. What are the major trends in the global ink market?
6. What is the global ink market breakup by technology?
7. What is the global ink market breakup by ink type?
8. What is the global ink market breakup by application?
9. What are the major regions in the global ink market?
Ink has been around for centuries and plays a vital role in most aspects of human life. It can be in the form of a liquid or a paste and is primarily produced from materials like solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents and surfactants. It can be divided into two broad classes - printing and writing inks. Over the past few years, printing ink has witnessed a higher growth in demand as it is utilized for printing books, posters magazines, newspapers, calendars, journals and photographs.
The growth in the packaging industry represents the leading growth-inducing factor for the market as ink is widely used in the packaging of various products. Since packaging plays a pivotal role in attracting consumers, product manufacturers are investing in elaborative and unique packing solutions. In addition to this, due to stringent government regulations, it has become mandatory for the manufacturers of cosmetics, personal care products, food and beverages to include details like product price, quantity, ingredients, and date of manufacturing and expiry on the packaging. Moreover, on account of inflating income levels, easy availability of products and growing internet penetration, the e-commerce industry is flourishing at a robust rate, in turn, driving the demand for printing ink. However, with the digitalization of media, there has been a shift from print advertising to electronic channels in recent years. Despite a decline in its market growth, print advertising holds a significant share in the advertising industry as a large part of the consumers still subscribe to periodicals such as journals, newspapers and magazines.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global ink market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on technology, ink type and application.Breakup by Technology:
- Lithographic
- Flexographic
- Gravure
- Digital
- Letterpress
- Others
Breakup by Ink Type:
- Oil Based
- Solvent Based
- Water Based
Breakup by Application:
- Label & Packaging
- Commercial Printing
- Publications
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Others
Competitive Landscape:
The competitive landscape of the market has been analyzed along with detailed profiles of the major players operating in the ink industry.Key Questions Answered in This Report
1. What was the global ink market size in 2023?2. What will be the global ink market outlook during the forecast period 2024-2032?
3. What are the global ink market drivers?
4. What is the impact of COVID-19 on the global ink market?
5. What are the major trends in the global ink market?
6. What is the global ink market breakup by technology?
7. What is the global ink market breakup by ink type?
8. What is the global ink market breakup by application?
9. What are the major regions in the global ink market?
Table of Contents
1 Preface3 Executive Summary13 Loans and Financial Assistance15 Key Player Profiles
2 Scope and Methodology
4 Introduction
5 Global Ink Industry
6 Market Breakup by Technology
7 Market Breakup by Ink Type
8 Market Breakup by Application
9 Market Breakup by Region
10 Competitive Landscape
11 Ink Manufacturing Process
12 Project Details, Requirements and Costs Involved
14 Project Economics
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 20.4 Billion |
| Forecasted Market Value ( USD | $ 26.6 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
