According to the report the global ink market reached a value of USD 21.85 billion in 2022. Aided by the technological advancements, the diversity of applications, and the steady rise of print media in various sectors, the market is projected to further grow at a CAGR of 2.90% between 2023 and 2028 to reach a value of USD 25.94 billion by 2028.
Inks, with their history tracing back to ancient civilisations, are liquid or paste substances used to colour surfaces, be it paper, fabric, or other materials. These substances have witnessed dramatic transformations over the ages, evolving from rudimentary plant-based concoctions to sophisticated, chemically formulated solutions to cater to diverse applications, from writing and drawing to printing and dyeing.
One of the primary drivers of the ink market growth is the burgeoning printing industry. Despite the advent of digitalization, traditional printing, especially in sectors like publishing, advertising, and packaging, remains a significant consumer of inks. The tangible feel of printed materials, combined with the sensory experience they offer, ensures that print media retains its charm and efficacy.
Additionally, technological advancements have further propelled the ink market demand. The rise of digital printing technologies has led to the demand for specialised inks that offer precision, vibrant colours, and compatibility with various substrates. UV-curable inks, solvent-based inks, and water-based inks have seen significant demand in recent years due to their respective benefits and applications.
The art and design sector, too, contributes substantially to the market expansion. The increasing popularity of hand-made arts, crafts, and personalised gifts has propelled the demand for high-quality inks that cater to artists and designers.
On the industrial front, inks find extensive use in product packaging and further adds value to the ink market size. With the consumer goods market expanding, there's a continuous need for attractive, durable, and informative packaging. Inks play an instrumental role in this, ensuring that products stand out on the shelves, provide necessary information, and remain aesthetically pleasing throughout their shelf life.
Further bolstering the market's growth is the demand for inks in innovative applications. For instance, the electronics industry is experimenting with conductive inks for flexible circuits. The textile industry, on the other hand, leans on inks for fabric printing and design. As per the ink market analysis, the cosmetic industry, too, contributes to the market with the growing popularity of tattoos and semi-permanent makeup.
These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Inks, with their history tracing back to ancient civilisations, are liquid or paste substances used to colour surfaces, be it paper, fabric, or other materials. These substances have witnessed dramatic transformations over the ages, evolving from rudimentary plant-based concoctions to sophisticated, chemically formulated solutions to cater to diverse applications, from writing and drawing to printing and dyeing.
One of the primary drivers of the ink market growth is the burgeoning printing industry. Despite the advent of digitalization, traditional printing, especially in sectors like publishing, advertising, and packaging, remains a significant consumer of inks. The tangible feel of printed materials, combined with the sensory experience they offer, ensures that print media retains its charm and efficacy.
Additionally, technological advancements have further propelled the ink market demand. The rise of digital printing technologies has led to the demand for specialised inks that offer precision, vibrant colours, and compatibility with various substrates. UV-curable inks, solvent-based inks, and water-based inks have seen significant demand in recent years due to their respective benefits and applications.
The art and design sector, too, contributes substantially to the market expansion. The increasing popularity of hand-made arts, crafts, and personalised gifts has propelled the demand for high-quality inks that cater to artists and designers.
On the industrial front, inks find extensive use in product packaging and further adds value to the ink market size. With the consumer goods market expanding, there's a continuous need for attractive, durable, and informative packaging. Inks play an instrumental role in this, ensuring that products stand out on the shelves, provide necessary information, and remain aesthetically pleasing throughout their shelf life.
Further bolstering the market's growth is the demand for inks in innovative applications. For instance, the electronics industry is experimenting with conductive inks for flexible circuits. The textile industry, on the other hand, leans on inks for fabric printing and design. As per the ink market analysis, the cosmetic industry, too, contributes to the market with the growing popularity of tattoos and semi-permanent makeup.
Market Segmentation
The market can be divided based on technology, ink type, application, and region.Market Segmentation
- Lithographic
- Flexographic
- Gravure
- Digital
- Letterpress
- Others
Market Segmentation
- Oil Based
- Solvent Based
- Water Based
Market Segmentation
- Label and Packaging
- Commercial Printing
- Publications
- Others
Market Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ink market. Some of the major players explored in the report are as follows:- ALTANA
- Dow
- Sun Chemical
- Central Ink Corporation
- Flint Group
- Akzo Nobel N.V.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis14 Loans and Financial Assistance17 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Ink Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Manufacturing Process
13 Project Requirements and Costs Involved
15 Project Economics
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- ALTANA
- Dow
- Sun Chemical
- Central Ink Corporation
- Flint Group
- Akzo Nobel N.V.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 154 |
| Published | September 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 22.49 Billion |
| Forecasted Market Value ( USD | $ 25.94 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
