Philippines Printing Ink Market (2023-2029) Industry, Growth, COVID-19 Impact, Companies, Analysis, Revenue, Value, Size, Share, Trends & Forecast:Market Forecast By Product, By Resin, By Application and Competitive Landscape

Philippines Printing Inks Market Shipment Analysis

• Philippines Printing Inks Market registered a decline of -30.65% in value shipments in 2022 as compared to 2021 and an increase of 9.19% CAGR in 2022 over a period of 2017. In Printing Inks Market Philippines is becoming less competitive as HHI index in 2022 was 2384 while in 2017 it was 2241. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
• Philippines Printing Ink Market Synopsis

The Printing Ink Market In The Philippines experienced favorable growth in the pre covid years, primarily propelled by the expansion of the e-commerce sector resulting from increased urbanization and a growing appetite for innovative and interactive packaging. However, the COVID-19 pandemic led to a temporary slowdown in 2020 due to disruptions in the supply chain and reduced demand caused by lockdowns. The market began to rebound in 2021 as schools and other institutions reopened, and the retail sector expanded. Philippines printing ink market is expected to maintain its growth trajectory during the forecast period, with expansion of the retail sector, and the thriving e-commerce industry, particularly in the food and beverage segment.

According to this research, Philippines Printing Ink Market size is projected to grow at a CAGR of 5.1% during 2023-2029. The growth of the printing ink market in Philippines is primarily driven by rising number of school enrollments creating the need for more books to be published coupled with expanding e-commerce in the country which creates the demand for high-quality printing inks that are necessary to transmit important information, brand identity, and marketing messages on printed packaging, which is expected to boost the printing ink market in Philippines. Additionally, food and beverage sector which is expected to grow at a CAGR of 6.7% from 2022 to 2026 is likely to create demand for printing inks in the market. Furthermore, increasing number of book publications and magazines coupled with rising pharmaceutical production is expected to further boost the demand for printing inks in the country.

Market by Ink Type

Oil-based printing ink has higher demand in Philippines among end user's industries as oil-based printing inks are known for producing high-quality prints with vibrant colours and sharp details which are preferred for packaging, advertising, and publishing. Also, the government initiative for promoting local publishing industry on the global stage at largest book fair Frankfurter Buchmesse (FBM) 2025 would contribute to the growth of this segment in the coming years.

Market by Technology

In Philippines printing ink industry, Flexographic printing dominated in terms of technology types, owing to its versatile use in packaging applications ranging from flexible packaging, corrugated containers, folding cartons, tags and labels and others.

Market by Applications

The growing food and beverage industry, driven by the increasing sales value of packed foods which is projected to reach US$44.9 billion by 2026, is spurring a heightened demand for flexible packaging. Consequently, this surge is leading to an increased need for printing ink within the label and packaging segment.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Philippines Printing Ink Market Overview
• Philippines Printing Ink Market Outlook
• Philippines Printing Ink Market Forecast
• Historical Data and Forecast of Philippines Printing Ink Market Revenues, for the Period 2019-2029F
• Historical Data and Forecast of Philippines Printing Ink Market Revenues, By Ink Types, for the Period 2019-2029F
• Historical Data and Forecast of Philippines Printing Ink Market Revenues, By Technology, for the Period 2019-2029F
• Historical Data and Forecast of Philippines Printing Ink Market Revenues, By Applications, for the Period 2019-2029F
• Industry Life Cycle
• Philippines Printing Ink Market - Porter’s Five Forces
• Market Drivers and Restraints
• Market Trends
• Market Opportunity Assessment
• Company Revenue Ranking
• Market Competitive Benchmarking
• Company Profiles

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Ink Type

• Solvent Based
• Water Based
• Oil Based
• UV Cured and UV Led

By Technology

• Lithographic
• Flexographic
• Gravure
• Digital
• Others (Letterpress, and Screen Printing)

By Applications

• Label And Packaging
• Commercial Printing
• Publications
• Others (Corrugated cardboard, Textiles)