UV Curable Inks Global Market Report 2024

The UV curable inks market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The historical growth can be credited to several factors including the implementation of environmental regulations, ongoing advancements in UV curing technology, rising demand for superior printing quality, cost-effectiveness, productivity enhancements, and a notable transition towards sustainable operational practices.

The UV curable inks market size is expected to see strong growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. Anticipated growth in the forecast period can be linked to several factors, including the burgeoning packaging industry, market expansion in emerging economies, regulatory efforts aimed at encouraging eco-friendly ink solutions, diversification in end-use applications, and escalating demand for top-notch, rapid printing capabilities. Significant trends expected in this period encompass advancements in printing technologies, an intensified emphasis on sustainability practices, expansion of 3D printing applications, the evolution of sophisticated UV-curable ink formulations, and a heightened focus on bio-based and low-VOC UV ink alternatives.

The expanding reach of e-commerce is poised to be a significant catalyst propelling the growth of the UV curable inks market in the foreseeable future. E-commerce, characterized by its online business model facilitating transactions over the Internet, is experiencing notable growth driven by factors such as convenience, increasing internet accessibility, and evolving consumer preferences favoring online shopping experiences. UV curable ink finds widespread application in printing labels, barcodes, and product identifiers on e-commerce packaging, meeting the demands of the digital retail landscape. Furthermore, within the fashion industry, e-commerce facilitates the dissemination of UV curable ink for custom-printed apparel, enabling seamless customization and efficient production processes. Data from the United States Census Bureau in February 2024 underscores this trend, with e-commerce sales projected to reach $1.11 trillion in 2023, reflecting a significant increase of 7.6% compared to the previous year. Notably, e-commerce sales constituted 15.4% of total retail sales in 2023, underscoring its growing prominence in the retail sector. This underscores the pivotal role of e-commerce expansion in driving the ascent of the UV curable inks market.

Key players within the UV curable inks market are strategically prioritizing the development of advanced technological solutions to augment print quality, enhance production efficiency, and mitigate environmental impact. Leveraging innovations such as UV LED technology in UV-curable inks, major companies aim to deliver superior performance while advancing sustainability objectives. For instance, Flint Group, a leading Luxembourg-based manufacturer of print media and consumables, introduced the EkoCure Ancora Dual Cure ink in February 2021. Tailored for applications in food, pharmaceutical, and cosmetic labels, as well as flexible packaging, this innovative UV-curable ink complies with stringent regulations governing indirect food contact. Notably, its compatibility with both UV LED and mercury lamp curing systems underscores its versatility and sustainability benefits. By spearheading advancements in UV curable ink technology, companies such as Flint Group are poised to address evolving industry requirements while driving progress towards enhanced sustainability and operational efficiency in printing applications.

In September 2021, Aldus, an industrial equipment manufacturer headquartered in Australia, completed the acquisition of Paragon Inks for an undisclosed sum. This strategic acquisition enabled Aldus to gain control over the global operations of Paragon Inks, offering financial support and expanding its international footprint. Paragon Inks, based in the UK, specializes in manufacturing UV curable ink and varnish.

Major companies operating in the uv curable inks market are Hewlett And Packard Company, Heraeus Noblelight, Fujifilm Corporation, Kao Collins Corporation, Sun Chemical Corporation, Toyo Ink SC Holdings Co. Ltd., INX Digital International Co., Siegwerk Druckfarben AG And Co. KGaA, Armstrong World Industries Inc., Agfa-Gevaert Group, Mimaki Engineering Co. Ltd., T And K Toka Co. Ltd., SPGPrints B.V., Flint Group, Roland DGA Corporation, APV Engineered Coatings, Gans Ink And Supply Co., Marabu GmbH And Co. KG, Nutec Digital Ink Pvt. Ltd., Polymeric Imaging Inc., RUCO Druckfarben, Pulse Roll Label Products Ltd., Eastern Marking Machine Corp., Paul Leibinger GmbH And Co. KG, Bordeaux Digital Printink Ltd.

Asia Pacific was the largest region in the UV curable inks market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the uv curable inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the uv curable inks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

UV curable inks are a specialized type of ink utilized in printing applications, which undergo rapid curing or drying upon exposure to ultraviolet (UV) light. These inks offer advantages such as quick drying times, vivid color reproduction, and heightened durability across a broad spectrum of surfaces. They find widespread application in diverse printing tasks, including wide-format printing, packaging, labeling, and signage.

The primary variants of UV curable inks encompass offset printing UV curable inks, silkscreen printing UV curable inks, flexo printing UV curable inks, gravure UV curable inks, and digital printing UV curable inks. Offset printing UV-curable inks, for instance, are specifically engineered to instantaneously dry under UV light during the offset printing process, yielding vibrant and long-lasting prints on various substrates. These inks are available in different formulations such as cationic and free radicals, catering to various end-user industries such as automotive, consumer goods, packaging, electronics, medical, publications and printing, among others.

The UV curable inks market research report is one of a series of new reports that provides UV curable inks market statistics, including UV curable inks industry global market size, regional shares, competitors with a UV curable inks market share, detailed UV curable inks market segments, market trends and opportunities, and any further data you may need to thrive in the UV curable inks industry. This UV curable inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The UV curable inks market consists of sales of UV-LED-curable inks, hard UV-curable inks, soft UV-curable inks, and low-migration UV-curable inks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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