Market Size of Printing Inks Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 18.04 Billion |
| Market Size (2029) | USD 20.60 Billion |
| CAGR (2024 - 2029) | 2.69 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Printing Inks Market Analysis
The Printing Inks Market size is estimated at USD 18.04 billion in 2024, and is expected to reach USD 20.60 billion by 2029, growing at a CAGR of 2.69% during the forecast period (2024-2029).
Due to the COVID-19 impact in 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 and has shown a positive impact. In 2021 the industry was in the recovery process, and the manufacturers overcame many challenges that the pandemic created.
- In the short term, the major factors such as growing demand from the digital printing industry and the rising demand from the packaging and labels sector are expected to drive the market's 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.
- Nevertheless, the emergence of bio-based and UV-curable Inks is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific dominated the market across the world, with the largest consumption from China.
