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Ink Market

Global Ink Market Size, Share, Trends, Analysis, Forecast: By Technology: Lithographic, Flexographic, Gravure, Digital, Letterpress, Others; By Ink Type: Oil Based, Solvent Based, Water Based; By Application: Label and Packaging, Commercial Printing, Publications, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Ink Market Outlook

The global ink market size reached a value of nearly USD 22.48 billion in 2023. The market is further expected to grow at a CAGR of 2.90% in the forecast period of 2024-2032 to reach approximately USD 29.08 billion by 2032.

 

Inks can be found on almost all the products that we use in our day-to-day life whether it is newspapers, magazines, books, plastic bottles, aluminium cans, etc. They are manufactured either in the form of a liquid or paste containing pigments/dyes and then used to colour a surface to produce an image, text or design in commercial printing, publishing, and packaging sectors.

 

Ink Market

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Ink has been used for thousands of years, with early forms made from natural substances like berry juice and soot. The invention of the printing press in the 15th century revolutionised the use of ink in printing. Ink has played a vital role in the communication and dissemination of information throughout history. Its evolution reflects technological advancements and changing needs in writing, art, and other sectors. Writing inks are the most common type of ink which is used in pens and are usually water-based for smooth flow. Common types of writing ink include fountain pen ink, ballpoint pen ink, and gel ink.

 

Based on technology, lithographic ink has emerged as the most prominent technology owing to its affordability and superior quality. Based on ink type, the global market has been segmented as oil-based, solvent-based, and water-based inks, where oil-based inks account for the largest share in the market. By applications, the label and packaging segment dominates the application area.

 

The market is dominated by the Asia Pacific region. The ink market demand is growing in the region due to the escalating consumer disposable incomes.

 

Ink Market Segmentation

On the basis of technology, the market is segregated into:

  • Lithographic  
  • Flexographic 
  • Gravure 
  • Digital  
  • Letterpress
  • Others

 

The demand for lithographic technology in the market is significant due to several factors. Lithographic printing, also known as offset printing, is one of the most common methods used in the printing sector for producing high-volume, high-quality print materials.

 

Lithographic inks are specially formulated to be viscous and quick-drying. They need to adhere well to the printing plate and transfer efficiently to the paper. The demand for these inks is driven by their unique properties. The continuous improvement in lithographic technology, such as digital plate making and computer-to-plate technologies, increases efficiency and quality, thereby driving demand for compatible inks.

 

Ink Market by Segments

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Based on ink type, the market is divided into:

  • Oil Based
  • Solvent Based 
  • Water Based

 

The demand for water-based inks in the market has been growing significantly, driven by a combination of environmental concerns, regulatory pressures, and technological advancements. Water-based inks emit lower levels of volatile organic compounds (VOCs) compared to solvent-based inks, making them more environmentally friendly and safer for workers.

 

Many countries, particularly in Europe and North America, have implemented stringent environmental regulations that limit VOC emissions. These regulations have propelled the shift towards water-based inks in these regions. Compliance with various environmental certifications and standards (like ISO 14001) are one of the crucial ink market trends that further drive companies to adopt water-based inks. Furthermore, new formulations have expanded the use of water-based inks to substrates where previously solvent-based inks were preferred, such as certain plastics and foils.

 

Based on applications, the market is segmented into:

  • Label and Packaging   
  • Commercial Printing
  • Publications   
  • Others

 

The label and packaging segment holds a significant ink market share. Packaging often requires high-resolution, vibrant graphics to attract consumer attention. This necessitates inks that can deliver rich colours and fine details. Inks used in packaging must be durable, resistant to fading, smudging, and abrasion, as well as withstand various environmental conditions like moisture and UV exposure.

 

There is also increasing demand for environmentally friendly packaging solutions, including inks made from renewable resources and those that are recyclable or biodegradable. The rise of digital printing technology in the label and packaging sector, with its advantages in customisation and short runs, influences the demand for digital inks.

 

By region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Ink Market by Region

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Ink Market Analysis

This market is being driven by increasing demand for products in the packaging and labelling sector, rising demand for environment-friendly (vegetable-oil-based) inks, technological advancements, and a growing demand from emerging economies. It is further expected to retain stable growth during the forecast period. This report by Expert Market Research provides a comprehensive analysis for anyone who plans to foray into the ink market.

 

This report provides an exhaustive insight into setting up and running an ink manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.

 

Ink Market Share by Region

The market in the Asia Pacific region is a dynamic and rapidly growing segment of the global ink sector. The ink market growth is driven by several factors, including economic development, population growth, and technological advancements. Many Asia Pacific countries are experiencing rapid economic growth, leading to increased demand for printed materials in advertising, packaging, and publishing.

 

There is a significant shift towards digital printing in the Asia Pacific, driven by the need for shorter runs, customisation, and variable data printing. Ink manufacturers are adapting to meet stringent environmental regulations and standards in various countries. Additionally, the expanding food and beverage sector, along with e-commerce, is boosting demand for packaging inks.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global ink market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • ALTANA
  • Dow
  • Sun Chemical
  • Central Ink Corporation
  • Flint Group
  • Akzo Nobel N.V.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Ink Type
  • Application
  • Region
Breakup by Technology
  • Lithographic
  • Flexographic
  • Gravure
  • Digital
  • Letterpress
  • Others
Breakup by Ink Type
  • Oil Based
  • Solvent Based
  • Water Based
Breakup by Application
  • Label and Packaging
  • Commercial Printing
  • Publications
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ALTANA
  • Dow
  • Sun Chemical
  • Central Ink Corporation
  • Flint Group
  • Akzo Nobel N.V.
  • Others

 

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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Ink Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ink Historical Market (2018-2023) 
    8.3    Global Ink Market Forecast (2024-2032)
    8.4    Global Ink Market by Technology
        8.4.1    Lithographic  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Flexographic 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Gravure 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Digital  
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
        8.4.5    Letterpress
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2023)
            8.4.5.3    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Ink Market by Ink Type
        8.5.1    Oil Based  
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Solvent Based 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Water Based
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
    8.6    Global Ink Market by Application
        8.6.1    Label and Packaging   
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Commercial Printing
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Publications   
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Ink Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Detailed Process Flow
    12.2    Operations Involved
    12.3    Mass Balance
13    Project Requirements and Costs Involved
    13.1    Land Requirements and Expenditures
    13.2    Construction Requirements and Expenditures
    13.3    Plant Machinery
    13.4    Machinery Pictures
    13.5    Raw Material Requirements and Expenditures
    13.6    Raw Material and Final Product Pictures
    13.7    Packaging Requirements and Expenditures
    13.8    Transportation Requirements and Expenditures
    13.9    Utility Requirements and Expenditures
    13.10    Manpower Requirements and Expenditures
    13.11    Other Capital Investments
14    Loans and Financial Assistance
15    Project Economics

    15.1    Capital Cost of the Project
    15.2    Techno-Economic Parameters
    15.3    Product Pricing and Margins
    15.4    Taxation and Depreciation
    15.5    Income Projections
    15.6    Expenditure Projections
    15.7    Financial Analysis
    15.8    Profit Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players' Market Share
    16.3    Company Profiles
        16.3.1    ALTANA
            16.3.1.1    Company Overview
            16.3.1.2    Product Portfolio
            16.3.1.3    Demographic Reach and Achievements
            16.3.1.4    Certifications
        16.3.2    Dow
            16.3.2.1    Company Overview
            16.3.2.2    Product Portfolio
            16.3.2.3    Demographic Reach and Achievements
            16.3.2.4    Certifications
        16.3.3    Sun Chemical
            16.3.3.1    Company Overview
            16.3.3.2    Product Portfolio
            16.3.3.3    Demographic Reach and Achievements
            16.3.3.4    Certifications
        16.3.4    Central Ink Corporation
            16.3.4.1    Company Overview
            16.3.4.2    Product Portfolio
            16.3.4.3    Demographic Reach and Achievements
            16.3.4.4    Certifications
        16.3.5    Flint Group
            16.3.5.1    Company Overview
            16.3.5.2    Product Portfolio
            16.3.5.3    Demographic Reach and Achievements
            16.3.5.4    Certifications
        16.3.6    Akzo Nobel N.V.
            16.3.6.1    Company Overview
            16.3.6.2    Product Portfolio
            16.3.6.3    Demographic Reach and Achievements
            16.3.6.4    Certifications
        16.3.7    Others
17    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Ink Market: Key Industry Highlights, 2018 and 2032
2.    Global Ink Historical Market: Breakup by Technology (USD Billion), 2018-2023
3.    Global Ink Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4.    Global Ink Market Forecast: Breakup by Ink Type (USD Billion), 2024-2032
5.    Global Ink Historical Market: Breakup by Ink Type (USD Billion), 2018-2023
6.    Global Ink Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Ink Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Ink Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Ink Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Ink Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Ink Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Ink Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Ink Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Ink Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Ink Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Ink Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Ink Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Ink Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Ink Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Ink Market Structure

Key Questions Answered in the Report

In 2023, the global ink market attained a value of nearly USD 22.48 billion. 

The market is projected to grow at a CAGR of 2.90% between 2023 and 2032.

The market is estimated to witness a stable growth in the forecast period of 2024-2032 to reach about USD 29.08 billion by 2032.

The major drivers of the market include the increasing applications of ink in the packaging and labelling sector, growth of the commercial printing sector, rising demand from the developing regions, rising disposable incomes, and the growing technological advancements.

The key trend guiding the growth of the ink market is the development and launch of environment-friendly, vegetable-oil based inks.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.

Lithographic ink is the leading technology in the market.

Oil based inks represent the leading ink type in the market.

The application segment is led by the label and packaging sector.

The leading key players in the market are ALTANA, Dow, Sun Chemical, Central Ink Corporation, Flint Group, and Akzo Nobel N.V., among others.

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