The global printing inks market is forecasted to value over USD 25.5 billion by 2026 end and register a CAGR of 4.5% from the forecast period 2019-2026.

The growing demand from packaging, publication and commercial printing alongside formulation as per the needs of consumers is driving the market. Increasing consumer-specific demands to provide eco-friendly solutions is boosting the printing inks market. Latest technological advancements in the form of digital printing and ink-jet products are burgeoning the market.

Increasing concerns regarding the emission of toxic metals and volatile organic compounds present in some inks have resulted in government compelling agencies to opt for eco-friendly materials which have assisted in the expansion of the market. The rising need for printing inks in metal cans and labels is expected to positively influence the market.

The market is classified into product, process, and application.

Water-based Inks Predicted to Dominate the Market

Water-based inks are expected to lead the market growth owing to its efficiency in various applications such as cardboard, paper, and textiles. For printing on foils and plastics, water-based printing inks are used. It also offers to recycle. Advancements in water-based ink technology in the form of developed novel additives is expected to bolster the market. Due to the rapid evolution of the digital printing market, UV-cured inks is expected to show notable growth as well.

On the basis of process, flexography, gravure, and lithography are expected to show exponential growth. Currently, lithography holds a majority of the total market share. Lithography offers superior image quality on smooth surfaces at low costs. Gravure is more expensive when compared to others but it is a high-speed process and is primarily used to produce fine details. The expansion of the packaging industry has led to increasing demand for digital and flexographic solutions. Flexography offers flexible packaging whereas digital solutions are used for textile printing.

Printing Inks to Attain Highest Application in Packaging & Labels

Based on application, packaging & labels is the fastest-growing segment. Rising consumer preferences for better food packaging is driving the market. The rise in online retailing and the growth of e-commerce are two integral factors aiding the proliferation of packaging and labels industry. Additionally, a rise in disposable income has played an important role in the expansion of the market. Moreover, publication and commercial printing are expected to witness notable growth owing to the rapid expanse of digitalization. The rise of printing on electronics is considered as a lucrative opportunity for the manufacturers thus helping the market grow significantly.

Growth in Online Shopping and Packaged Food Industry in APAC Region Augurs Well for Printing Inks Market

In terms of region, Asia-Pacific is the global leader of the market. The presence of an ample number of established players in countries like Japan and China is remarkably boosting the market growth. Furthermore, a rise of end-user application in emerging economies like India and China is significantly contributing towards the market growth. Moreover, North America is expected to show significant growth owing to the easy availability of resin and rapid expansion of e-commerce.

Prominent players of the market are Flint Group, Siegwerk Druckfarben AG & Co. DIC Corporation, Sun Chemicals, Wikoff Color Corporation, and Sakata Inx Corporation.

Competitive Landscape:

Flint Group’s Rotokett S, solvent-based gravure ink for narrow web, is cost-effective and can be repeatedly used for long periods. Moreover, it is capable of printing special effect metallic products, which can be used in automotive paints and other such applications.

Furthermore, it increases production speeds and is a proper replacement for UV screens. This shall prove to be an important product for Flint Group to establish their position in the market.

Flint Group’s Metalglow ML G is an ultra-metallic gravure ink which shall possibly be a replacement for hot foil adding more credit to the market position of Flint Group as it creates numerous profitable opportunities that could be catered by the group thus strengthening their market position.

The insights presented here are from a research study on Printing Inks Market by FutureWise Market Research.