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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.
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.
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