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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ink Market Regional Analysis
The market in the Asia Pacific region is a dynamic and rapidly growing segment of the global ink sector. The ink market growth is driven by several factors, including economic development, population growth, and technological advancements. Many Asia Pacific countries are experiencing rapid economic growth, leading to increased demand for printed materials in advertising, packaging, and publishing.
There is a significant shift towards digital printing in the Asia Pacific, driven by the need for shorter runs, customisation, and variable data printing. Ink manufacturers are adapting to meet stringent environmental regulations and standards in various countries. Additionally, the expanding food and beverage sector, along with e-commerce, is boosting demand for packaging inks.
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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