Printing Inks Market by Type, Application & Region: Industry Insights

The global printing inks market size is expected to reach USD 23.8 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from end-use applications including flexible packaging labels, corrugated cardboards, commercial letterpress, and folding cartons are the main factors expected to drive the market over the forecast period. Rise in consumer spending in Asia Pacific and North American regions, increasing demand for superior quality flexible packaging are some of the main parameters influencing the overall demand for printing inks globally.

Product innovations, technological progressions, new raw material sourcing models and expansion strategies are some of the major drifts the companies are focusing on to cater to the specific consumer requirements. The recent trends witnessed by this industry include rising significance of flexographic and digital toners, food-safe printing inks and a shift in consumer preference towards environment-friendly products.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

The regulatory framework also plays a crucial role in this industry dynamics. Stringent regulations regarding toxic metals in solvents volatile organic compound (VOC) emissions in these inks are expected to hamper the growth of the overall market. This rationale has led to increased usage of cellulose and rosin derivatives as resins for manufacturing energy-efficient inks.

Digital ink is expected to be the fastest growing product segment owing to its superior properties and specific demands from textile, ceramic and 3D printing application sectors. The digital toners have observed a lower label costs as compared to conventional inks and its potential of switching among labels instantly have resulted in this product to be the fastest growing.

Browse through Grand View Research's Paints, Coatings Printing Inks Industry Research Reports.

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Printing Inks Market Segmentation

Grand View Research has segmented the global printing inks market on the basis of product, resins and application:

Printing Inks Product Outlook (USD Million, 2016 - 2028)