BESTSELLER

Printing Inks Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Printing Inks Market is segmented by Type (Solvent-based, Water-based, Oil-based, UV, UV-LED, and Other Types), Process (Lithographic Printing, Flexographic Printing, Gravure Printing, Digital Printing, and Other Processes), Application (Packaging, Commercial and Publication, Textiles, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

printing inks market - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Middle East and Africa
Largest Market: Asia Pacific
CAGR: >2 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The printing inks market was valued at USD 16,757.32 million in 2020, and the market is projected to register a CAGR of over 2% during the forecast period (2021-2026).

Due to the COVID-19 impact in the first half of 2020, various manufacturing plants were shut down, and the demand for packaging has declined. Thus, this affected the consumption of printing inks in the packaging sector. However, the food and beverage industry started recovering in the second half of 2020, which has shown a positive impact.

  • In the short term, the major factors such as growing demand from the digital printing industry and rising demand from the packaging and labels sector are expected to drive the market growth.
  • On the flip side, a decline in the conventional commercial printing industry and stringent regulations regarding disposal are expected to hinder the growth of the market studied.
  • Asia-Pacific dominated the market across the world, with the largest consumption from China.

Scope of the Report

Printing inks consist of pigment or pigments of required color mixed with oil or varnish, majorly a black ink made from carbon blacks and thick linseed oil added. The market for printing inks is segmented by process, application, and geography. By type, the market is segmented into solvent-based, water-based, oil-based, UV, UV-LED, and other types. By process, the market is segmented into lithographic printing, flexographic printing, gravure printing, digital printing, and other processes. By application, the market is segmented into packaging, commercial and publication, textiles, and other applications. The report also covers the market size and forecasts for the printing inks market in 19 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton) and value (USD million).

Type
Solvent-based
Water-based
Oil-based
UV
UV-LED
Other Types
Process
Lithographic Printing
Flexographic Printing
Gravure Printing
Digital Printing
Other Processes
Application
Packaging
Rigid Packaging
Paperboard Containers
Corrugated Boxes
Rigid Plastic Containers
Metal Cans
Other Rigid Packaging
Flexible Packaging
Labels
Other Packaging
Commercial and Publication
Textiles
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia & New Zealand
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Russia
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from Packaging

  • Digital printing is rapidly expanding into label production and electrophotography. The packaging industry is expected to experience a significant revolution over the next decade, owing to the increasing application of digital printing.
  • Due to the quick turnaround capability that digital printing offers, it has been very popular among various brand owners. Recent developments in digital printing, such as digital carton cutting, creasing, and other completion technologies, have increased the potential for more applications in flexible packaging, corrugated packaging, and folding cartons.
  • With the advantages of the inkjet process, such as being non-contact, and low cost, this process is extensively used for printing large formats on a wide range of substrates, making it suitable for packaging, and can be integrated into existing conversion lines more efficiently than toner systems.
  • With the developments in the food industry and growing population in countries, like China, India, and the United States, among others, the use of rigid packaging has been increasing over the past few years.
  • According to a report published by PMMI, ‘The Association for Packaging and Processing Technologies’, growth in the global packaging industry is anticipated to reach USD 42.2 billion by 2021, an increase from USD 36.8 billion in 2016, owing to the increasing population, growing sustainability concerns, more spending power in developing regions, and rising demand for smart packaging, among others.
  • Hence, the demand for printing inks from the packaging industry is expected to grow at a rapid rate during the forecast period.
Printing Inks Market - Segmentation

China to Dominate the Asia-Pacific Market

  • In Asia-Pacific, China is the largest economy in terms of GDP. The country witnessed about 1.9% growth in its GDP during 2020, even after the trade disturbance caused due to its trade war with the United States and the COVID-19 impact in 2020.
  • The country stands to be the world’s largest manufacturing economy and exporter, due to which its packaging requirement is huge. The packaging industry in China is expected to have tremendous growth, with a CAGR of nearly 6.8% to reach CNY 2 trillion during the forecast period. China sees a growing trend in the use of flexible, rigid, and paper and board packaging materials. This positive momentum in the packaging industry is expected to ignite the market demand for printing inks.
  • Additionally, the packaging industry witnessed noticeable growth, with the increasing trend of express deliveries. In 2019, the express delivery companies delivered around 63 billion parcels in the country, which reflected a 23% increase over the previous year.
  • China is the largest textile producing and exporting country in the world. With its rapid growth over the last two decades, the Chinese textile industry has become one of the main pillars of the country’s economy and contributes ~7% to the country’s GDP. Low cost of production, high availability of labor, reduced commercial barriers, and material supply availability are a few of the competitive advantages that the country offer for the clothing manufacturing industry.
  • China is the largest clothing producer in the world and has the largest production capacity for textile products, consisting of cotton, manmade fibers, and silk.
  • Owing to all the above-mentioned factors, the market for printing inks in the region is projected to increase during the forecast period.
Printing Inks Market Regional Trends

Competitive Landscape

The printing inks market is a partially consolidated market, with the top five players accounting for around 45% (in terms of revenues generated) of the global market share. Major players include Sun Chemicals, Flint Group, Sakata Inx Corporation, Toyo Ink SC Holdings Co. Ltd, and Siegwerk Druckfarben AG & Co., among others.

Recent Developments

  • In January 2020, INX International Ink Co., a part of Sakata INX worldwide operations, acquired RUCO Druckfarben, a printing ink manufacturer in Eppstein, Germany.
  • In December 2019, ALTANA acquired Overprint Varnish Specialist Schmid Rhyner AG.
  • In June 2018, Siegwerk acquired Ultra Inks, a Québec ink company, to expands its business in Canada.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Digital Printing Industry

      2. 4.1.2 Rising Demand from the Packaging and Labels Sector

    2. 4.2 Restraints

      1. 4.2.1 Decline in the Conventional Commercial Printing Industry

      2. 4.2.2 Stringent Regulations Regarding Disposal

      3. 4.2.3 Impact of COVID-19

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Volume and Value)

    1. 5.1 Type

      1. 5.1.1 Solvent-based

      2. 5.1.2 Water-based

      3. 5.1.3 Oil-based

      4. 5.1.4 UV

      5. 5.1.5 UV-LED

      6. 5.1.6 Other Types

    2. 5.2 Process

      1. 5.2.1 Lithographic Printing

      2. 5.2.2 Flexographic Printing

      3. 5.2.3 Gravure Printing

      4. 5.2.4 Digital Printing

      5. 5.2.5 Other Processes

    3. 5.3 Application

      1. 5.3.1 Packaging

        1. 5.3.1.1 Rigid Packaging

          1. 5.3.1.1.1 Paperboard Containers

          2. 5.3.1.1.2 Corrugated Boxes

          3. 5.3.1.1.3 Rigid Plastic Containers

          4. 5.3.1.1.4 Metal Cans

          5. 5.3.1.1.5 Other Rigid Packaging

        2. 5.3.1.2 Flexible Packaging

        3. 5.3.1.3 Labels

        4. 5.3.1.4 Other Packaging

      2. 5.3.2 Commercial and Publication

      3. 5.3.3 Textiles

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Australia & New Zealand

        6. 5.4.1.6 ASEAN Countries

        7. 5.4.1.7 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Russia

        6. 5.4.3.6 Spain

        7. 5.4.3.7 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ALTANA

      2. 6.4.2 Dainichiseika Color & Chemicals Mfg. Co. Ltd

      3. 6.4.3 Dow

      4. 6.4.4 Epple Druckfarben AG

      5. 6.4.5 Flint Group

      6. 6.4.6 FUJIFILM Corporation

      7. 6.4.7 hubergroup Deutschland GmbH

      8. 6.4.8 SAKATA INX CORPORATION

      9. 6.4.9 Sanchez SA de CV

      10. 6.4.10 SICPA HOLDING SA

      11. 6.4.11 Siegwerk Druckfarben AG & Co. KGaA

      12. 6.4.12 Sun Chemical

      13. 6.4.13 T&K TOKA Corporation

      14. 6.4.14 TOKYO PRINTING INK MFG CO. LTD

      15. 6.4.15 Toyo Ink SC Holdings Co. Ltd

      16. 6.4.16 Wikoff Color Corporation

      17. 6.4.17 Yip's Chemical Holdings Limited

      18. 6.4.18 Zeller+Gmelin

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emergence of Bio-based And UV-curable Inks

    2. 7.2 Other Opportunities

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Printing Inks Market market is studied from 2016 - 2026.

The Printing Inks Market is growing at a CAGR of >2% over the next 5 years.

The Printing Inks Market is valued at 16757 Million USD in 2016.

Middle East and Africa is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Flint Group, Sakata Inx Corporation, Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical, Toyo Ink SC Holdings Co. Ltd are the major companies operating in Printing Inks Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!