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Report Overview
The global ink market size reached a value of nearly USD 22.48 billion in 2023. The market is further expected to grow at a CAGR of 2.90% in the forecast period of 2024-2032 to reach approximately USD 29.08 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ink Market Size
The global ink market reached a value of nearly USD 22.48 billion in 2023. The market is further expected to grow at a CAGR of 2.90% in the forecast period of 2024-2032 to reach approximately USD 29.08 billion by 2032.
Inks can be found on almost all the products that we use in our day-to-day life whether it is newspapers, magazines, books, plastic bottles, aluminium cans, etc. They are manufactured either in the form of a liquid or paste containing pigments/dyes and then used to colour a surface to produce an image, text or design in commercial printing, publishing, and packaging sectors.
Ink has been used for thousands of years, with early forms made from natural substances like berry juice and soot. The invention of the printing press in the 15th century revolutionised the use of ink in printing. Ink has played a vital role in the communication and dissemination of information throughout history. Its evolution reflects technological advancements and changing needs in writing, art, and other sectors. Writing inks are the most common type of ink which is used in pens and are usually water-based for smooth flow. Common types of writing ink include fountain pen ink, ballpoint pen ink, and gel ink.
Based on technology, lithographic ink has emerged as the most prominent technology owing to its affordability and superior quality. Based on ink type, the global market has been segmented as oil-based, solvent-based, and water-based inks, where oil-based inks account for the largest share in the market. By applications, the label and packaging segment dominates the application area.
The market is dominated by the Asia Pacific region. The ink market demand is growing in the region due to the escalating consumer disposable incomes.
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 2023, the global ink market attained a value of nearly USD 22.48 billion.
The market is projected to grow at a CAGR of 2.90% between 2023 and 2032.
The market is estimated to witness a stable growth in the forecast period of 2024-2032 to reach about USD 29.08 billion by 2032.
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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