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Report Overview
The global ink market reached a value of nearly USD 23.13 Billion in 2024. The market is assessed to grow at a CAGR of 2.90% during the forecast period of 2025-2034 to attain a value of around USD 30.78 Billion by 2034. The expansion of the packaging sector, the rising adoption of environmentally friendly inks, the robust growth of the e-commerce sector, the surging demand for security and UV-curable inks, technological advancements and innovations, and the rising preference for water-based inks.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- The expansion of the packaging sector is boosting the demand for printing inks in product branding, labelling, and information printing on packaging materials. As per the Packaging Industry Association of India, the India packaging sector is estimated to reach around USD 204.81 billion by 2025. The rising packaging demand is surging the utilisation of printing inks, especially in sectors like consumer goods, food and beverages, pharmaceuticals, and personal care.
- The growing trend of online shopping and the rising demand for packaging materials are surging the ink market revenue. In Q3 2024, retail e-commerce sales in the United States exceeded USD 300.1 billion, a surge of 2.6% from the previous quarter. With more businesses engaging in e-commerce, the requirement for gravure, flexographic, and digital printing inks for packaging materials such as labels, cardboard boxes, and plastic bags is increasing.
- There is rising use of environmentally friendly inks that can be easily recycled or composted and are low in harmful chemicals. To capitalise on the growing trend of sustainability, ink manufacturers are developing water-based inks, soy-based inks, vegetable-oil-based inks, and UV-curable inks to reduce reliance on petroleum-based products.
Compound Annual Growth Rate
Value in USD Billion
2.9%
2025-2034
Ink Market Outlook
*this image is indicative*
Global Ink Market Growth
The increasing adoption of UV curable inks in high-speed printing environments such as packaging items and creating labels is surging the ink market revenue. Due to the fast drying times of UV curable inks, they are used to print high-quality digital images on personalised items such as phone cases, glass bottles, and golf balls, among others.
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There is a rising demand for security inks that ensure the integrity of items such as checks, banknotes, certificates, identity cards, and passports, requiring confidentiality and high privacy. The growing focus on brand protection against fraudulent claims, diversion, retail theft, and counterfeiting is driving the ink demand growth.
With the growing popularity of 3D printing in different end-use sectors such as automotive, electronics, and healthcare, the demand for specialised inks like biocompatible inks and conducive inks is surging. In the forecast period, advancements in 3D printing technology and its growing affordability are expected to drive the market. In the forecast period, the development of smart inks is anticipated to create lucrative opportunities for functional 3D printing.
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Key Trends and Recent Developments
Growing demand for packaging materials; increasing popularity of digital printing; rising demand for sustainable inks; and technological advancements and innovations are favouring the ink market expansion.
Growing Demand for Packaging Materials
The growing demand for flexible packaging solutions in the food and beverage sector and the robust growth of the e-commerce sector are boosting the ink market revenue. The rising demand for personalised and customised packaging is further surging the usage of high-quality inks for durable and vibrant printing on different substrates like corrugated boxes, cardboard, and pouches.
Increasing Popularity of Digital Printing
Digital printing is increasingly gaining traction in different sectors like packaging and textiles as it offers rapid production, cost-saving benefits, ease of customisation, predictable costs, and flexibility while reducing the need for an expansive set-up. This is prompting ink manufacturers to develop customisable inks tailored to digital printing technologies enabling high-quality prints on different substrates.
Rising Demand for Sustainable Inks
Traditional inks contain chemicals released into the atmosphere during printing and their production consumes significant resources and contributes to pollution. This is surging the popularity of biodegradable vegetable-based, soy-based, and water-based inks due to their lower VOC emissions and reduced environmental impact.
Technological Advancements and Innovations
Technological advancements and innovations aimed at improving print efficiency and performance, producing sharper images and finer details, and enabling smoother ink transfer are revolutionising the market. Key players are also deploying nanoparticles in ink formulations to improve print quality, surge durability, and enhance the colour brightness of inks for use in different applications, ranging from packaging to high-end commercial printing.
Global Ink Market Trends
The development of eco-friendly inks that replace petrochemical ingredients with renewable and clean ingredients without compromising performance is aiding the ink market. With the increasing demand for non-toxic and non-hazardous inks in sectors such as toys and cosmetics, the demand for eco-friendly inks that do not pose health risks is rising.
The integration of artificial intelligence (AI) and machine learning (ML) in manufacturing inks with better quality control and formulations is driving the market. AI has the potential to optimise ink performance while automating tasks such as demand forecasting and inventory management to optimise supply chain performance.
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Global Ink Industry Segmentation
The EMR’s report titled “Global Ink Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
- Lithographic
- Flexographic
- Gravure
- Digital
- Letterpress
- Others
Market Breakup by Ink Type
- Oil Based
- Solvent Based
- Water Based
Market Breakup by Application
- Label and Packaging
- Commercial Printing
- Publications
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Ink Market Share
As per the ink market analysis, the demand for water-based inks has been growing significantly, driven by a combination of environmental concerns, regulatory pressures, and technological advancements. Water-based inks emit lower levels of volatile organic compounds (VOCs) as compared to solvent-based inks, making them more environmentally friendly and safer for workers.
Oil based inks, made with oils like mineral oil or vegetable oil as well as pigments, are renowned for their high gloss, rich colour, and durability. Meanwhile, solvent based inks, due to their superior adhesion to difficult surfaces, are used in gravure and flexographic printing for packaging materials, signs, and labels.
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Competitive Landscape
Key ink market players are developing UV-curable and bio-based inks, which can cure or harden when exposed to UV light, amid the growing trend of sustainability. They are also offering high-performance inks with improved scratch resistance, enhanced durability, and increased weather resistance for use in applications such as labels, automotive printing, and outdoor signage.
ALTANA
ALTANA, headquartered in Wesel, Germany, is a global leader in speciality chemicals. It is engaged in developing advanced solutions, technologies, and products. With 64 production facilities and 68 service and research laboratories, the company serves various sectors, including cosmetics, printing and packaging, and electric and electronic sectors.
Dow
Dow, established in 1897 and headquartered in Michigan, United States, is a leading material science company that serves sectors such as consumer goods, mobility, infrastructure, and packaging, among others. With manufacturing sites across 31 countries, the company delivered sales of nearly USD 45 billion in 2023.
Sun Chemical
Sun Chemical, headquartered in New Jersey, United States, is a leading producer of graphic and packaging solutions. With its history dating back to the 1800s, the company boasts 17 research and development centres worldwide and is engaged in the development of sustainable solutions.
Central Ink Corporation
Central Ink Corporation is an American ink manufacturer that was established in 1933. The company is engaged in manufacturing high-quality low-cost inks and services. It is headquartered in California, United States.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the ink market include Akzo Nobel N.V., Flint Group, and among others.
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Ink Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 23.13 Billion.
The market is assessed to grow at a CAGR of 2.90% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 30.78 Billion by 2034.
The major drivers of the market include the increasing applications of ink in the packaging and labelling sector, growth of the commercial printing sector, rising demand from the developing regions, rising disposable incomes, and the growing technological advancements.
The key trend guiding the growth of the ink market is the development and launch of environment-friendly, vegetable-oil based inks.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.
Lithographic ink is the leading technology in the market.
Oil based inks represent the leading ink type in the market.
The application segment is led by the label and packaging sector.
The leading key players in the market are ALTANA, Dow, Sun Chemical, Central Ink Corporation, Flint Group, and Akzo Nobel N.V., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Ink Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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