Ink Manufacturing in the US - Industry Market Research Report

Drying out: Rising digitalization rates continue to reduce demand for industry products

The Ink Manufacturing industry produces a range of printing inks and cartridges used by professionals. The industry has come under pressure as traditional forms of printed media have continued their long-term contraction. The transition to digital media has had profound implications for the industry. Demand for all publishing has suffered while print advertising expenditure has contracted, suppressing industry demand. The industry is anticipated to slump at a CAGR of 4.5% to $4.5 billion over the five years to 2023. The pandemic exacerbated poor conditions, encouraging remote workspaces and normalizing online advertising instead of print, leading to a 3.1% dip in revenue in 2023. Companies in this industry manufacture inkjet cartridges and printing and inkjet inks, including lithographic, flexographic, gravure and letterpress inks. These products are sold to commercial printers, newspaper and magazine printers, office supplies wholesalers and screen printers. This industry does not include operators that manufacture writing, drawing and stamping ink or toner cartridges for photocopiers, fax machines and computer printers. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.