The global ink market reached a value of US$ 19.06 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 23.29 Billion by 2027, exhibiting at a CAGR of 3.34% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Ink has been around for centuries and plays a vital role in most aspects of human life. It can be in the form of a liquid or a paste and is primarily produced from materials like solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents and surfactants. It can be divided into two broad classes – printing and writing inks. Over the past few years, printing ink has witnessed a higher growth in demand as it is utilized for printing books, posters magazines, newspapers, calendars, journals and photographs. The growth in the packaging industry represents the leading growth-inducing factor for the market as ink is widely used in the packaging of various products. Since packaging plays a pivotal role in attracting consumers, product manufacturers are investing in elaborative and unique packing solutions. In addition to this, due to stringent government regulations, it has become mandatory for the manufacturers of cosmetics, personal care products, food and beverages to include details like product price, quantity, ingredients, and date of manufacturing and expiry on the packaging. Moreover, on account of inflating income levels, easy availability of products and growing internet penetration, the e-commerce industry is flourishing at a robust rate, in turn, driving the demand for printing ink. However, with the digitalization of media, there has been a shift from print advertising to electronic channels in recent years. Despite a decline in its market growth, print advertising holds a significant share in the advertising industry as a large part of the consumers still subscribe to periodicals such as journals, newspapers and magazines.
The publisher provides an analysis of the key trends in each sub-segment of the global ink market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on technology, ink type and application.
At present, lithographic ink accounts for the majority of the total market share owing to its affordability and superior quality.
Based on ink type, oil-based inks currently dominate the market, holding the biggest share.
On the basis of application, the label & packaging segment represents the largest application area. This can be accredited to the flourishing e-commerce, and food and beverage industries, especially in developing economies.
On a geographical front, Asia Pacific enjoys the leading position in the global ink market on account of the growing population and escalating disposable incomes of the consumers.
The competitive landscape of the market has been analyzed along with detailed profiles of the major players operating in the ink industry.
1. What is the impact of COVID-19 on the global ink market?
2. What was the global ink market size in 2021?
3. What will be the global ink market outlook during the forecast period (2022-2027)?
4. What are the global ink market drivers?
5. What are the major trends in the global ink market?
6. What is the global ink market breakup by technology?
7. What is the global ink market breakup by ink type?
8. What is the global ink market breakup by application?
9. What are the major regions in the global ink market?
Ink has been around for centuries and plays a vital role in most aspects of human life. It can be in the form of a liquid or a paste and is primarily produced from materials like solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents and surfactants. It can be divided into two broad classes – printing and writing inks. Over the past few years, printing ink has witnessed a higher growth in demand as it is utilized for printing books, posters magazines, newspapers, calendars, journals and photographs. The growth in the packaging industry represents the leading growth-inducing factor for the market as ink is widely used in the packaging of various products. Since packaging plays a pivotal role in attracting consumers, product manufacturers are investing in elaborative and unique packing solutions. In addition to this, due to stringent government regulations, it has become mandatory for the manufacturers of cosmetics, personal care products, food and beverages to include details like product price, quantity, ingredients, and date of manufacturing and expiry on the packaging. Moreover, on account of inflating income levels, easy availability of products and growing internet penetration, the e-commerce industry is flourishing at a robust rate, in turn, driving the demand for printing ink. However, with the digitalization of media, there has been a shift from print advertising to electronic channels in recent years. Despite a decline in its market growth, print advertising holds a significant share in the advertising industry as a large part of the consumers still subscribe to periodicals such as journals, newspapers and magazines.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global ink market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on technology, ink type and application.
Breakup by Technology:
- Lithographic
- Flexographic
- Gravure
- Digital
- Letterpress
- Others
At present, lithographic ink accounts for the majority of the total market share owing to its affordability and superior quality.
Breakup by Ink Type: Oil Based
- Solvent Based
- Water Based
Based on ink type, oil-based inks currently dominate the market, holding the biggest share.
Breakup by Application:
- Label & Packaging
- Commercial Printing
- Publications
- Others
On the basis of application, the label & packaging segment represents the largest application area. This can be accredited to the flourishing e-commerce, and food and beverage industries, especially in developing economies.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Others
On a geographical front, Asia Pacific enjoys the leading position in the global ink market on account of the growing population and escalating disposable incomes of the consumers.
Competitive Landscape:
The competitive landscape of the market has been analyzed along with detailed profiles of the major players operating in the ink industry.
Key Questions Answered in This Report
1. What is the impact of COVID-19 on the global ink market?
2. What was the global ink market size in 2021?
3. What will be the global ink market outlook during the forecast period (2022-2027)?
4. What are the global ink market drivers?
5. What are the major trends in the global ink market?
6. What is the global ink market breakup by technology?
7. What is the global ink market breakup by ink type?
8. What is the global ink market breakup by application?
9. What are the major regions in the global ink market?
Frequently Asked Questions about the Global Ink Market
What is the estimated value of the Global Ink Market?
What is the growth rate of the Global Ink Market?
What is the forecasted size of the Global Ink Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 19.06 Billion |
| Forecasted Market Value ( USD | $ 23.29 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Table of Contents
1 Preface3 Executive Summary13 Loans and Financial Assistance15 Key Player Profiles
2 Scope and Methodology
4 Introduction
5 Global Ink Industry
6 Market Breakup by Technology
7 Market Breakup by Ink Type
8 Market Breakup by Application
9 Market Breakup by Region
10 Competitive Landscape
11 Ink Manufacturing Process
12 Project Details, Requirements and Costs Involved
14 Project Economics
List of Figures
List of Tables
Methodology
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