According to the latest report by IMARC Group, titled “Ink Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global ink market size reached US$ 19.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.29 Billion by 2027, exhibiting at a CAGR of 3.34% during 2022-2027.
Ink is a liquid, or a paste used to color a surface to produce an image, text, or design using pigments, dyes, resins, lubricants, solubilizers, fluorescents, and surfactants. It plays a vital role in most aspects of human life, as it is used to print newspapers, magazines, calendars, books, and product information on the packaging. In recent years, the increasing use of household printing devices has added to the growth of the global ink market.
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Global Ink Market Trends:
Ink finds applications in diverse industries across the globe. A significant increase in on-the-go food consumption has led to a rise in the demand for single-serve ready-to-go food products. As a result, there has been an expanding application of ink in the food packaging industry. Apart from this, the demand for ink is rising from the publishing industry as thicker inks, in the form of a paste, are extensively used in letterpress and lithographic printing. Furthermore, the governments have made stringent regulations regarding printing details on the back of cosmetics, personal care, food and beverages and other products. Moreover, the growing environmental awareness among consumers has encouraged manufacturers to develop bio-based ink produced from algae cells and other plant materials. Some of the other major drivers are constant innovations in the development of inks that facilitate paper recycling, advancements in ink producing technologies, the growing usage of home printers, and easy availability of raw materials.
Key Market Segmentation:
Breakup by Technology:
- Lithographic
- Flexographic
- Gravure
- Digital
- Letterpress
- Others
Breakup by Ink Type:
- Oil Based
- Solvent Based
- Water Based
Breakup by Application:
- Label & Packaging
- Commercial Printing
- Publications
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Others
Competitive Landscape With Key Players:
The competitive landscape of the market has been examined, with some of the key players being Sun Chemicals Group Company, Flint Group, Toyo Ink SC Holdings Co., Ltd, Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporation and Huber Group (MHM Holding GmbH).
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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