Global Printing Ink Market (Size of USD 21.3 Billion in 2023) to Witness 4.6% CAGR During 2025 – 2030

Published Date: Mar, 2024

The global printing ink market was pegged at 21.3 billion in 2023 and is expected to reach USD 28.2 billion by 2030. Factors such as the increasing applications of printing ink in the packaging industry, food, and beverage, printing, and publication industries are extensively driving the demand for printing ink across the globe. The printing ink market demand is poised to grow at a CAGR of 4.6% during the forecast period (2025–2030).

The increasing demand for printing ink from the packaging industry for developing labels, tags, and printing the information regarding ingredients and manufacturing details of the product plays a significant role in driving the demand for printing ink worldwide. The enormous growth of the packaging industry across the globe is expected to further expand shortly and as a result, it is continuously contributing towards the growth of the printing ink market globally. Several industries such as manufacturing, food and beverages, electronics, and consumer goods are observing several advantages due to the rampant growth of the packaging sector. The results of the study conducted by Hochschule der Medien (HdM), Stuttgart, Germany, state that the packaging sector has been witnessing considerable savings with higher print quality by using printing inks. Additionally, the unparalleled demand for high-quality packaging is further expected to strengthen this segment soon.

Global Printing Ink Market Segmentation and Key Players

Segment / Key Players

Categorization

Product

Lithographic Inks, Flexographic Inks, Gravure Inks, Digital Inks, Letterpress Inks and Others

Formulation

Oil-based, Solvent-based, Water-based and Others

Application

Labels & Packaging, Publication, Commercial Printing and Others

Key Players

Flint Group, hubergroup Deutschland GmbH, Siegwerk Druckfarben AG & Co. KGaA, ALTANA, Wikoff Color Corporation, Ink SC Holdings Co., Ltd., Sakata INX Corporation, T&K Toka Co., Ltd, and Zeller+Gmelin GmbH & Co. KG

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UV curing (Ultraviolet curing) is increasingly being adopted for curing dry inks, coatings, and adhesives. Moreover, continuous innovation and upgradation in printing ink technologies are further anticipated to drive the global printing ink market. Increasing government regulations regarding the use of inorganic solvents and the rise of e-commerce and e-books are expected to be major hindrances in the growth of the global printing ink market.

In terms of types of products of printing ink, lithographic ink generated the largest revenue in the market in 2018 and is further expected to grow at a significant rate during the forecast period. Moreover, digital ink is expected to witness the highest growth during 2025–2030. This segment is expected to witness the fastest growth owing to persistent and ever-changing trends in digital fields that are continuously being followed by several key industry players.

In terms of application, printing ink generated the largest revenue in the market in 2018 and is further expected to grow at a significant rate during the forecast period. Amongst all the applications, labels and packaging have witnessed the fastest growth during 2025–2030. Increasing demand for flexible packaging and extensive application of printing ink in the food and beverage industry is expected to bolster the growth of printing ink globally. Labels and packaging are the most crucial aspects in marketing activities while delivering the product as they impose a significant impact on the minds of the consumers while making purchase decisions.

Based on formulations oil oil-based formulations hold the largest share in the printing ink market due to their extensive applicability for commercial areas and publications. However, the water-based formulations segment is expected to witness the fastest growth during the forecast period, as it is largely helping the manufacturers with printing yard goods in the form of pieces or the form of rolls. It also helps in faster delivery of products and ensures efficiency in printing.

North America accounted for the major share of the printing ink market in 2018 as the players in the region are continuously investing capital for the advancement of technology by entering into digital arenas and performing required mergers and acquisitions. In addition, high per capita income in the region also leads to increased affordability of printing ink in the region. According to a recent report, the volatility of crude oil prices is the major factor contributing to the growth of printing ink in North America as the demand for printing ink is directly associated with the prices of crude oil.

Moreover, Asia-Pacific is observed to witness the fastest growth during the forecast period in the printing ink market. Increasing disposable income, a large consumer base, and extensive demand for packaged products in the region are the leading factors fuelling the Asia-Pacific printing ink market.

Some of the key players operating in the global printing ink market are Flint Group, DIC Corporation, hubergroup Deutschland GmbH, Siegwerk Druckfarben AG & Co. KGaA, ALTANA, Wikoff Color Corporation, Ink SC Holdings Co., Ltd., Sakata INX Corporation, T&K Toka Co., Ltd, and Zeller+Gmelin GmbH & Co. KG.

Global Printing Ink Market Coverage

Product Insight and Forecast 2025 - 2030

  • Lithographic Inks
    • Sheetfed Offset Inks
    • Heatset Web Offset Inks
    • Coldset Web Offset Inks
  • Flexographic Inks
  • Gravure Inks
  • Digital Inks
    • Electrography
    • Inkjet
  • Letterpress Inks
  • Others

Application Insight and Forecast 2025 - 2030

  • Labels and Packaging
  • Publication
    • Newspaper
    • Books and Magazine
    • Others
  • Commercial Printing
  • Others

Formulation Insight and Forecast 2025 - 2030

  • Oil-based
  • Solvent-based
  • Water-based
  • Others

Geographical Segmentation

Printing Ink Market by Region

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • Turkey
  • Rest of Middle East and Africa