Analysts’ Viewpoint on Printing Inks Market Scenario
The printing inks market is growing at a significant rate after the threatening pandemic. Manufacturers in the global printing inks market are focusing on innovative solutions to cater the increasing demand from various end-use industries at a global level. The oil-based printing inks can be popularly used packaging, and publication and commercial printing application, and hence account for the largest market share. Market players are focusing on the production of bio-based printing inks due to the rising environmental concerns. The increasing adoption of the lithographic printing process in various manufacturing industries is driving the printing inks market. The printing inks manufacturing companies should target overcoming challenges in the printing inks market. Stringent government regulations on the production on printing inks is a factor hampering the growth of the market.
The global printing inks market is negatively affected by COVID-19. Lockdowns and closing businesses lead to disruption in supply chain. Even though the COVID-19 pandemic has weaken all the business activities in the printing inks market, manufacturers are creating potential opportunities, owing to increasing demand from end-use industries such as packaging, publication and commercial printing, industrial printing, etc. There is an increasing the demand for printing ink for different purposes of printing in various sectors. Due to rapid urbanization and economic growth, there is an increasing demand for publishing print products such as books, newspapers, and magazines. The increasing trend of shopping through online channels is increased in recent few years. This factor is contributing to the printing inks market growth.
Printing inks are small pigments that are integrated with varnish or oil, and prepared from resins, solvents, and additives. Increasing applications of printing inks for glass decoration and protecting surfaces create lucrative revenue streams for manufacturers operating in the printing inks market. Asia Pacific countries such as China and India holds major share in printing inks market due to increase in demand from various end-use industries.
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Increasing applications of printing ink in packaging and publication & commercial printing, industrial printing, etc. is anticipated to drive the segment in the near future. Printing inks have a broad spectrum of applications in food packaging and are increasingly used in the materials such as paper, carton board, plastics, and multilayered materials.
Printing inks are widely used on food packaging to provide consumer information as well as for marketing purposes. Printing ink, being increasingly used in the packaging industry, manufacturers have tremendous growth opportunities to gain revenue streams. The growth of this packaging application segment is due to increasing population, changing consumer lifestyles, increasing adoption of convenience food, and demand for biodegradable products. Technological innovations in manufacturing processes are contributing to revenue growth and create lucrative business opportunities for manufacturers in the printing inks market. Manufacturers operating in the printing inks market are marking their presence in the global market by catering to different end-use industries.
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The presence of competitive market players who are focusing on increasing the production of printing inks, owing to rising demand from various industries is contributing to the printing inks market growth. Market players are paving their ways to stay ahead of the competition. There is a surging demand for printing inks in applications such as metal cans, tags, and labels. This factor propels the growth of the market. Scientists from developing countries are increasing their research activities in the field of printing solvents to explore innovative ways for the production of printing inks. Advanced technologies used in manufacturing process of printing inks are also augmenting the market growth. The printing inks market is growing rapidly in Asia Pacific countries such as India and China. The growing the eCommerce packaging industry across the Asia Pacific is contributing to the revenue growth of the printing inks market in the region.
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Attribute |
Detail |
Market Size Value in 2020 (Base Year) |
US$ 24306.4 Mn |
Market Forecast Value in 2031 |
US$ 43090.6 Mn |
Growth Rate (CAGR) |
5.4% |
Forecast Period |
2021-2031 |
Quantitative Units |
US$ Mn for Value & Kilo Tons for Volume |
Market Analysis |
It includes cross segment analysis at global as well as regional level. Qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, supply chain analysis, and parent industry overview. |
Competition Landscape |
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Format |
Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
Printing Inks Market – Segmentation
TMR’s research study assesses the global printing inks market in terms of product, process, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global printing inks market.
Product |
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Process |
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Application |
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Region |
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Printing Inks Market is expected to reach US$ 38 Bn By 2031
Printing Inks Market is estimated to rise at a CAGR of 5.5% during forecast period
Increase in production and demand for packaging is expected to be the primary driver of the global printing inks market
Asia Pacific is more attractive region for vendors in the Printing Inks Market
Key players operating in the global printing inks market include Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO Ink Group, Sakata INX Corporation, ALTANA AG, Huber Group, T&K TOKA Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG, and and Royal Dutch Printing Ink Factories Van Son.
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.2.1. Global Printing Inks Market Segmentation, Product Segment, Process Segment, Application, and Region
1.3. Research Scope
1.3.1. Assumptions
1.4. Research Methodology
2. Executive Summary
2.1. Global Printing Inks Market, 2021 – 2031 (Kilo Tons) (US$ Bn)
3. Printing Inks Market – Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Drivers
3.3.1. Growing Demand from Packaging Industry Anticipated to Drive Printing Inks Market
3.3.1.1. Global Packaging Market Revenue, 2021 – 2031(US$ Bn)
3.3.2. Rising Demand for UV-Cured Inks from Various Printing Processes Expected to Drive Printing Inks Market
3.3.2.1. Typical UV-Cured Ink Composition (By Percentage)
3.4. Restraints
3.4.1. Increase in Environmental Regulations Anticipated to Restrain Printing Inks Market
3.4.1.1. Typical Flexography and Gravure Printing Ink Composition (By Percentage)
3.4.2. Rise in E-Commerce and E-Books Expected to Restrain Printing Inks Market
3.4.2.1. Global E-Book Revenue, 2021-2031(US$ Bn)
3.4.2.2. Region-Wise E-Book CAGR, 2021-2031 (By Revenue)
3.5. Opportunity
3.5.1. Increase in Bio-Based Printing Inks Expected to Act as Opportunity for Printing Inks Market
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat from New Entrants
3.6.4. Threat from Substitutes
3.6.5. Degree of Competition
3.7. Market Attractiveness Analysis
3.7.1. Global Printing Inks Market Attractiveness, by Process, 2021
3.8. Company Market Share Analysis
3.8.1. Global Printing Inks Market Share, by Company, 2021
4. Printing Inks Market – Product Segment Analysis
4.1. Global Printing Inks Market: Product Segment Overview
4.1.1. Global Printing Inks Market Volume Share, by Product, 2021-2031
4.2. Global Printing Inks Market, by Product, 2021 - 2031
4.2.1. Solvent-Based Printing Inks
4.2.1.1. Global Solvent-Based Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
4.2.2. Water-Based Printing Inks
4.2.2.1. Global Water-Based Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
4.2.3. Oil-Based Printing Inks
4.2.3.1. Global Oil-Based Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
4.2.4. Other Printing Inks (Including UV-Cured Inks, Etc.)
4.2.4.1. Global Other Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
5. Printing Inks Market – Process Segment Analysis
5.1. Global Printing Inks Market: Process Segment Overview
5.1.1. Global Printing Inks Market Volume Share, by Process, 2021-2031
5.2. Global Printing Inks Market, by Process, 2021-2031
5.2.1. Lithographic Printing
5.2.1.1. Global Lithographic Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.2. Gravure Printing
5.2.2.1. Global Gravure Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.3. Flexographic Printing
5.2.3.1. Global Flexographic Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.4. Digital Printing
5.2.4.1. Global Digital Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.5. Other Printing (Including Letterpress, Etc.)
5.2.5.1. Global Other Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
6. Printing Inks Market – Application Analysis
6.1. Global Printing Inks Market: Application Overview
6.1.1. Global Printing Inks Market Volume Share, by Application, 2021-2031
6.2. Global Printing Inks Market, by Application, 2021-2031
6.2.1. Packaging
6.2.1.1. Global Printing Inks Market for Packaging, 2021-2031 (Kilo Tons) (US$ Bn)
6.2.2. Publication and Commercial Printing
6.2.2.1. Global Printing Inks Market for Publication and Commercial Printing, 2021-2031 (Kilo Tons) (US$ Bn)
6.2.3. Others (Including Decorative Printing, Etc)
6.2.3.1. Global Printing Inks Market for Other Applications, 2021-2031 (Kilo Tons) (US$ Bn)
7. Printing Inks Market - Regional Analysis
7.1. Global Printing Inks Market: Regional Overview
7.1.1. Global Printing Inks Market Volume Share, by Region, 2021-2031
7.2. North America
7.2.1. North America Printing Inks Market Volume, by Product, 2021-2031 (Kilo Tons)
7.2.2. North America Printing Inks Market Revenue, by Product, 2021-2031 (US$ Bn)
7.2.3. North America Printing Inks Market Volume, by Process, 2021-2031 (Kilo Tons)
7.2.4. North America Printing Inks Market Revenue, by Process, 2021-2031 (US$ Bn)
7.2.5. North America Printing Inks Market Volume, by Application, 2021-2031 (Kilo Tons)
7.2.6. North America Printing Inks Market Revenue, by Application, 2021-2031 (US$ Bn)
7.3. Europe
7.3.1. Europe Printing Inks Market Volume, by Product, 2021-2031 (Kilo Tons)
7.3.2. Europe Printing Inks Market Revenue, by Product, 2021-2031 (US$ Bn)
7.3.3. Europe Printing Inks Market Volume, by Process, 2021-2031 (Kilo Tons)
7.3.4. Europe Printing Inks Market Revenue, by Process, 2021-2031 (US$ Bn)
7.3.5. Europe Printing Inks Market Volume, by Application, 2021-2031 (Kilo Tons)
7.3.6. Europe Printing Inks Market Revenue, by Application, 2021-2031 (US$ Bn)
7.4. Asia Pacific
7.4.1. Asia Pacific Printing Inks Market Volume, by Product, 2021-2031 (Kilo Tons)
7.4.2. Asia Pacific Printing Inks Market Revenue, by Product, 2021-2031 (US$ Bn)
7.4.3. Asia Pacific Printing Inks Market Volume, by Process, 2021-2031 (Kilo Tons)
7.4.4. Asia Pacific Printing Inks Market Revenue, by Process, 2021-2031 (US$ Bn)
7.4.5. Asia Pacific Printing Inks Market Volume, by Application, 2021-2031 (Kilo Tons)
7.4.6. Asia Pacific Printing Inks Market Revenue, by Application, 2021-2031 (US$ Bn)
7.5. Latin America
7.5.1. Latin America Printing Inks Market Volume, by Product, 2021-2031 (Kilo Tons)
7.5.2. Latin America Printing Inks Market Revenue, by Product, 2021-2031 (US$ Bn)
7.5.3. Latin America Printing Inks Market Volume, by Process, 2021-2031 (Kilo Tons)
7.5.4. Latin America Printing Inks Market Revenue, by Process, 2021-2031 (US$ Bn)
7.5.5. Latin America Printing Inks Market Volume, by Application, 2021-2031 (Kilo Tons)
7.5.6. Latin America Printing Inks Market Revenue, by Application, 20021-2031 (US$ Bn)
7.6. Middle East & Africa
7.6.1. Middle East & Africa Printing Inks Market Volume, by Product, 2021-2031 (Kilo Tons)
7.6.2. Middle East & Africa Printing Inks Market Revenue, by Product, 2021-2031 (US$ Bn)
7.6.3. Middle East & Africa Printing Inks Market Volume, by Process, 2021-2031 (Kilo Tons)
7.6.4. Middle East & Africa Printing Inks Market Revenue, by Process, 2021-2031 (US$ Bn)
7.6.5. Middle East & Africa Printing Inks Market Volume, by Application, 2021-2031 (Kilo Tons)
7.6.6. Middle East & Africa Printing Inks Market Revenue, by Application, 20021-2031 (US$ Bn)
8. Company Profiles
8.1. Flint Group
8.1.1. Company Overview
8.1.2. Product Portfolio
8.1.3. Business Strategy
8.1.4. Recent Developments
8.2. Sun Chemical Corporation
8.2.1. Company Overview
8.2.2. Product Portfolio
8.2.3. Business Strategy
8.2.4. Recent Developments
8.3. Altana Ag
8.3.1. Company Overview
8.3.2. Product Portfolio
8.3.3. Business Strategy
8.3.4. Recent Developments
8.4. Siegwerk Druckfarben Ag & Co. Kgaa
8.4.1. Company Overview
8.4.2. Product Portfolio
8.4.3. Business Strategy
8.4.4. Recent Developments
8.5. Sakata Inx Corporation
8.5.1. Company Overview
8.5.2. Product Portfolio
8.5.3. Business Strategy
8.5.4. Recent Developments
8.6. Wikoff Color Corporation
8.6.1. Company Overview
8.6.2. Product Portfolio
8.6.3. Business Strategy
8.6.4. Recent Developments
8.7. T&K Toka Corporation
8.7.1. Company Overview
8.7.2. Product Portfolio
8.7.3. Business Strategy
8.7.4. Recent Developments
8.8. Toyo Ink Group
8.8.1. Company Overview
8.8.2. Product Portfolio
8.8.3. Business Strategy
8.8.4. Recent Developments
8.9. Zeller+Gmelin Gmbh & Co. Kg
8.9.1. Company Overview
8.9.2. Product Portfolio
8.9.3. Business Strategy
8.9.4. Recent Developments
8.10. Royal Dutch Printing Ink Factories Van Son
8.10.1. Company Overview
8.10.2. Product Portfolio
8.10.3. Business Strategy
8.10.4. Recent Developments
8.11. Huber Group
8.11.1. Company Overview
8.11.2. Product Portfolio
8.11.3. Business Strategy
8.11.4. Recent Developments
LIST OF TABLES
Table 1: Global Printing Inks Market: Snapshot
Table 2: Drivers for Printing Inks Market: Impact Analysis
Table 3: Restraints for Printing Inks Market: Impact Analysis
Table 4: North America Printing Inks Market Volume, by Product, 2021–2031 (Kilo Tons)
Table 5: North America Printing Inks Market Revenue, by Product, 2021 – 2031 (US$ Bn)
Table 6: North America Printing Inks Market Volume, by Process, 2021–2031 (Kilo Tons)
Table 7: North America Printing Inks Market Revenue, by Process, 2021–2031 (US$ Bn)
Table 8: North America Printing Inks Market Volume, by Application, 2021–2031 (Kilo Tons)
Table 9: North America Printing Inks Market Revenue, by Application, 2021–2031 (US$ Bn)
Table 10: Europe Printing Inks Market Volume, by Product, 2021 – 2031 (Kilo Tons)
Table 11: Europe Printing Inks Market Revenue, by Product, 2021 – 2031 (US$ Bn)
Table 12: Europe Printing Inks Market Volume, by Process, 2021 – 2031 (Kilo Tons)
Table 13: Europe Printing Inks Market Revenue, by Process, 2021 – 2031 (US$ Bn)
Table 14: Europe Printing Inks Market Volume, by Application, 2021 – 2031 (Kilo Tons)
Table 15: Europe Printing Inks Market Revenue, by Application, 2021 – 2031 (US$ Bn)
Table 16: Asia Pacific Printing Inks Market Volume, by Product, 2021 – 2031 (Kilo Tons)
Table 17: Asia Pacific Printing Inks Market Revenue, by Product, 2021 – 2031 (US$ Bn)
Table 18: Asia Pacific Printing Inks Market Volume, by Process, 2021 – 2031 (Kilo Tons)
Table 19: Asia Pacific Printing Inks Market Revenue, by Process, 2021 – 2031 (US$ Bn)
Table 20: Asia Pacific Printing Inks Market Volume, by Application, 2021 – 2031 (Kilo Tons)
Table 21: Asia Pacific Printing Inks Market Revenue, by Application, 2021 – 2031 (US$ Bn)
Table 22: Latin America Printing Inks Market Volume, by Product, 2021 – 2031 (Kilo Tons)
Table 23: Latin America Printing Inks Market Revenue, by Product, 2021 – 2031 (US$ Bn)
Table 24: Latin America Printing Inks Market Volume, by Process, 2021 – 2031 (Kilo Tons)
Table 25: Latin America Printing Inks Market Revenue, by Process, 2021 – 2031 (US$ Bn)
Table 26: Latin America Printing Inks Market Volume, by Application, 2021 – 2031 (Kilo Tons)
Table 27: Latin America Printing Inks Market Revenue, by Application, 2021 – 2031 (US$ Bn)
Table 28: Middle East & Africa Printing Inks Market Volume, by Product, 2021 – 2031 (Kilo Tons)
Table 29: Middle East & Africa Printing Inks Market Revenue, by Product, 2021 – 2031 (US$ Bn)
Table 30: Middle East & Africa Printing Inks Market Volume, by Process, 2021 – 2031 (Kilo Tons)
Table 31: Middle East & Africa Printing Inks Market Revenue, by Process, 2021 – 2031 (US$ Bn)
Table 32: Middle East & Africa Printing Inks Market Volume, by Application, 2021 – 2031 (Kilo Tons)
Table 33: Middle East & Africa Printing Inks Market Revenue, by Application, 2021 – 2031 (US$ Bn)
LIST OF FIGURES
Figure 1: Global Printing Inks Market Segmentation, Product, Process, Application, and Region
Figure 2: Global Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 3: Printing Inks Classification Based on Printing Processes
Figure 4: Printing Inks: Value Chain Analysis
Figure 5: Global Packaging Market Revenue, 2021-2031 (US$ Bn)
Figure 6: Typical UV-Cured Ink Composition (by Percentage)
Figure 7: Typical Flexography and Gravure Printing Ink Composition (by Percentage)
Figure 8: Global E-Book Revenue, 2021-2031 (US$ Bn)
Figure 9: Region-Wise E-Book CAGR, 2021-2031 (by Revenue)
Figure 10: Porter’s Five Forces Analysis for Printing Inks
Figure 11: Printing Inks: Market Attractiveness Analysis
Figure 12: Global Printing Inks Market Share, by Company, 2021
Figure 13: Global Printing Inks Market Volume Share, by Product, 2021-2031
Figure 14: Global Solvent-based Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 15: Global Water-based Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 16: Global Oil-Based Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 17: Global Other Printing Inks Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 18: Global Printing Inks Market Volume Share, by Process, 2021-2031
Figure 19: Global Lithographic Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 20: Global Gravure Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 21: Global Flexographic Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 22: Global Digital Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 23: Global Other Printing Market, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 24: Global Printing Inks Market Volume Share, by Application, 2021-2031
Figure 25: Global Printing Inks Market for Packaging, 2021-2031 (Kilo Tons) (US$ Bn)