Ink Market Report by Technology (Lithographic, Flexographic, Gravure, Digital, Letterpress, and Others), Ink Type (Oil Based, Solvent Based, Water Based), Application (Label & Packaging, Commercial Printing, Publications, and Others), and Region 2024-2032
The global ink market size reached US$ 20.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ink market report, along with forecasts at the global and regional level from 2024-2032. 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 was the global ink market size in 2023?
2. What will be the global ink market outlook during the forecast period 2024-2032?
3. What are the global ink market drivers?
4. What is the impact of COVID-19 on the global ink market?
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?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Ink Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Price Analysis
- 5.4.1 Key Price Indicators
- 5.4.2 Price Structure
- 5.4.3 Margin Analysis
- 5.5 Market Breakup by Ink Type
- 5.6 Market Breakup by Technology
- 5.7 Market Breakup by Application
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
- 5.10 SWOT Analysis
- 5.10.1 Overview
- 5.10.2 Strengths
- 5.10.3 Weaknesses
- 5.10.4 Opportunities
- 5.10.5 Threats
- 5.11 Value Chain Analysis
- 5.11.1 Raw Material Procurement
- 5.11.2 Manufacturing
- 5.11.3 Marketing
- 5.11.4 Distribution
- 5.11.5 Exports
- 5.11.6 End-Use
- 5.12 Porter’s Five Forces Analysis
- 5.12.1 Overview
- 5.12.2 Bargaining Power of Buyers
- 5.12.3 Bargaining Power of Suppliers
- 5.12.4 Degree of Competition
- 5.12.5 Threat of New Entrants
- 5.12.6 Threat of Substitutes
- 5.13 Key Market Drivers and Success Factors
- 6 Market Breakup by Technology
- 6.1 Lithographic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Flexographic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Gravure
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Digital
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Letterpress
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 7 Market Breakup by Ink Type
- 7.1 Oil Based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solvent Based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Water Based
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Label & Packaging
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Printing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Publications
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 Asia Pacific
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 North America
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
- 11 Ink Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operations Involved
- 11.4 Mass Balance and Raw Material Requirements
- 12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Machinery Pictures
- 12.5 Raw Material Requirements and Expenditures
- 12.6 Raw Material and Final Product Pictures
- 12.7 Packaging Requirements and Expenditures
- 12.8 Transportation Requirements and Expenditures
- 12.9 Utility Requirements and Expenditures
- 12.10 Manpower Requirements and Expenditures
- 12.11 Other Capital Investments
- 13 Loans and Financial Assistance
- 14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
- 15 Key Player Profiles
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