Printing Ink Market Projected to Reach $28.6 Billion by 2028
Rising demand for flexible packaging, digital printing and sustainable inks is expected to support market growth, with the Middle East and Africa projected to record the second-highest CAGR.
The global printing ink market is projected to grow from USD 19.0 billion in 2022 to USD 28.6 billion by 2028, registering a compound annual growth rate (CAGR) of 7.0% from 2023 to 2028. According to a market research report, growth is expected to be supported by rising demand for flexible packaging, digital printing, sustainable printing inks and applications linked to the electronics industry.
Flexible Packaging and Digital Printing Support Market Growth
The report, Printing Ink Market by Type (Nitrocellulose, Polyurethane, Water based, Acrylic, UV Curable), Process (Gravure, Flexographic, Lithographic, Digital), Application (Cardboards, Flexible Packaging, Tags & Labels, Cartons), & Region – Global Forecasts to 2028, estimates that the market will reach USD 28.6 billion by 2028.
Several factors are contributing to the projected expansion, including increasing demand for flexible packaging, the adoption of digital printing, growing interest in sustainable printing inks and growth in the electronics industry.
Demand for flexible packaging is being supported by the increasing popularity of online shopping and the need for packaging that combines durability with visual appeal.
Middle East and Africa Expected to Record the Second-Highest CAGR
The study examines the printing ink market across North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
In the Middle East and Africa, demand for packaged goods increased during the COVID-19 pandemic, supporting the regional printing inks industry. The report expects the market to continue growing over the forecast period.
Consumer preference for packaged products over loose commodities, partly because of perceived security benefits, is creating opportunities across the fast-moving consumer goods (FMCG) value chain, including printing inks.
Saudi Arabia held the leading position in the Middle East and Africa printing ink market in 2022 and is expected to retain its dominance over the forecast period. Demand for packaging inks from the food and beverage industry, together with the presence of large food and beverage companies in the country, is expected to support market growth.
Major Objectives of the Study
The report aims to:
- Define, describe, segment and forecast the printing ink market by type, process, application and region.
- Forecast market sizes for segments across North America, Europe, Asia Pacific, the Middle East and Africa, and South America, including major countries in each region.
- Examine key growth drivers, restraints, opportunities and challenges.
- Analyse technological advancements and product launches in the market.
- Assess micromarkets based on growth trends, prospects and contributions to the overall market.
- Identify the financial positions, key products and major developments of leading companies.
- Present the competitive landscape and analyse market shares.
- Examine business and corporate strategies adopted by key market participants.
- Profile major market players and analyse their core competencies.
Source: Printing Ink Market – Global Forecasts to 2028 market research report.