Market Size of UV Cured Printing Inks Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UV Cured Printing Inks Market Analysis
The UV-cured printing ink market is estimated to be USD 1,391.54 million by the end of this year. It is projected to reach USD 1,770.07 million in the next five years, registering a CAGR of over 4.5% during the forecast period.
The COVID-19 pandemic disrupted the UV-cured printing ink market, reducing supply due to closures, transportation restrictions, and declining demand from various sectors. Nonetheless, the market rebounded in 2022 due to increased demand from the textiles and packaging sectors.
- Major factors driving the market study are growing demand from the digital printing industry, rising demand from the packaging and labels sector, and increased demand from the textile industry.
- On the flip side, the decline in the conventional commercial printing industry and the availability of substitutes are hindering the studied market's growth.
- The development of bio-based UV curable inks and growth from the medical industry is expected to offer various opportunities for market growth over the forecast period.
- Europe dominated the global market, with most of the consumption coming from countries such as Germany, Italy, and other countries.
