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Printing Inks Market size was valued at USD 20.29 billion in 2022 and is poised to grow from USD 20.86 billion in 2023 to USD 26.01 billion by 2031, growing at a CAGR of 2.80% during the forecast period (2024-2031).

The globally ink business is particularly competitive due to the existence of vertically integrated main players with cutting-edge technologies and equipment, as well as procurement and distribution channels. The industry has experienced a strong consolidation era in various regions, including growth, acquisitions, and mergers and acquisitions leaving the market very competitive. Some expansion plans include Epple Druckfarben Italia S.r.I in Milan, Italy, a subsidiary of Epple Druckfarben for top quality German offset printing inks in Italy, and Sakata Inx Corporation's Kansas, U.S. facility. 'DIC Corporation', 'Flint Group', 'Siegwerk Druckfarben AG & Co. KGaA', 'Toyo Ink SC Holdings Co. Ltd.', 'Huber Group', 'Sun Chemical Corporation', 'Sakata Inx Corporation', 'T&K Toka Co. Ltd.', 'ALTANA AG', 'Epple Druckfarben AG', 'Fujifilm Sericol India Private Limited', 'Wikoff Color Corporation', 'Royal Dutch Printing Ink Factories Van Son', 'Zeller+Gmelin GmbH & Co. KG', 'SICPA Holding SA', 'Dainichiseika Color & Chemicals Mfg. Co. Ltd.', 'Sensient Technologies Corporation', 'American Inks and Coatings Corporation', 'Inx International Ink Co.', 'Marabu GmbH & Co. KG.'

The printing inks market is driven by the increasing demand for packaging and labeling materials in industries such as food and beverage, pharmaceuticals, and consumer goods.

Eco-friendly printing inks: There is a growing trend towards eco-friendly printing inks, which are made from renewable materials and do not contain harmful chemicals. This trend is driven by increasing awareness among consumers about the environmental impact of printing, as well as by government regulations that mandate the use of eco-friendly printing inks.

Asia Pacific dominated the printing inks market, accounting for 35.60% of total revenue in 2022 and this dominance is likely to continue throughout the forecast period. Rising packaged food consumption, combined with substantial expansion in the packaging and labeling industry as a result of the emergence of numerous companies such as food and beverage companies, consumer goods, the health care sector, and e-commerce, has boosted market growth in the region.

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Global Printing Inks Market

Product ID: SQMIG15A2143