GVR Report cover Printing Inks Market Size, Share & Trends Report

Printing Inks Market Size, Share & Trends Analysis Report By Product (Gravure, Flexographic, Lithographic & Digital) By Resin Type (Modified rosin, Modified cellulose, Acrylic & Polyurethane), By Application, And Segment Forecasts, 2021 - 2028

  • Published Date: Jul, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-606-6
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 105

Industry Insights

The global printing inks market size was valued at USD 19.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028. The market is expected to witness moderate growth over the forecast period. Factors such as the growing end-use industry, including flexible packaging, commercial printing & publishing, packaging labels, have majorly driven this market.

The superior properties of the constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images along with rising demand from the packaging sector, commercial printing, and changing consumer preference, these solutions are expected to have unceasing demand in the future.

U.S. printing inks market size

The global printing inks market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth.

However, downward pricing pressure is expected to limit the revenue growth in the printing inks market owing to the slow growth in product pricing caused by high competition within the industry. Moreover, stringent regulatory frameworks such as Federal Food, Drug, and Cosmetic Act and the U.S. Food and Drug Administration are limiting the usage, manufacturing, and distribution of various inorganic solvents and toxic metals. This, in turn, is expected to hamper the market growth over the forecast period.

Apart from crude oil derivative and inorganic pigments, which are major raw materials, the development of economical and non-toxic raw materials such as graphene, carbon, and modified celluloid is the research initiative at the forefront.  This market is strongly affected and driven by advancements in technology and processes such as ink-jet products and digital printing.

Product Insights

Lithographic segment accounted for a prominent share of the overall market in terms of value in 2020. The segment is expected to witness substantial growth over the forecast period owing to a combination of high-quality prints and efficiency in large-scale projects. This lithographic process is also suitable for flat media such as cloth, foil, paper, plastic, and flat cardboard.

Gravure printing inks are primarily used for printing photographs; they can be utilized on films, thin papers, metal foils, and paper cups. This process utilizes “liquid inks”. The flexibility of this ink technology allows these print processes to cover various applications in food packaging, tobacco products, and cosmetics on a variety of substrates such as cardboards, papers, plastics, foils, and labels.

Flexographic inks can be utilized on various substrates such as paper, laminates, films, foils, and corrugated boards. These inks are expected to witness prominent growth over the forecast period, supported by their eco-friendly nature and low costs. Also, growing demand for flexible packaging and cardboard printing demand in line with the logistics volume assist the need for flexographic ink in U.S. and European Countries.

Resin insights

Polyurethane is the fastest-growing resin segment and is expected to account for over 16% of the resin revenue in 2028. The composition of the resins is a significant factor for the type of ink produced. Hydrocarbons & modified rosins are used for producing lithographic solvents, polyamides & polyurethanes are used for manufacturing gravure and solvent-based-flexographic products. By resin type, acrylic is the predominantly used raw material for manufacturing solutions owing to its faster drying properties, availability, and cost-effective nature.

The other factors contributing to polyurethane’s faster growth for manufacturing printing solvents include its high tensile and tear strength, bonding potential with types of substrates, corrosion resistance, and hardness flexibility. Its increased usage in the flexible packaging segment and energy curing solution is another factor for its faster growth rate.

Application Insights

Packaging & labels segment is the largest and fastest ink application segment, which accounts for over 45% of the total segment revenue. The growth of this application has witnessed a flourishing trend in the last five years owing to the growing middle-class population in emerging nations such as India and Thailand, change in consumer preference for the convenience of food packaging & online retailing with extensive internet penetration, and requirement of bio-degradable products.

Global printing inks market share

The other applications of inks include commercial printing & publishing which has witnessed a declining trend in many regions due to growing digitalization and the Internet of Things (IoT). The other significant reason for the decline could be the growth in demand for textile prints, ceramic printing, printed electronics and folding cartons, corrugated cardboard in the packaging segment. The trends for these applications vary with region, for instance, ceramic printing is a growing market in China owing to its increased production of ceramic tiles. Moreover, printed electronics has substantial growth opportunities in Thailand due to its growing electronics industry.

Regional Insights

Asia Pacific dominated the overall printing inks market at 35.39% in 2020 and was valued at over USD 6 billion in the same year. The market  Emerging regions, such as the Asia Pacific, are anticipated to register strong demand from end-use industries. Countries in Southeast Asia and China, Brazil, and India are expected to lead their respective regional markets over the forecast period. Packaging & labels led the resin segment and accounted for more than 47.0% share in 2020.

India, Thailand, Vietnam, and Indonesia are the other emerging APAC nations to have witnessed healthy growth in the industry. North America is the second-largest regional market with the U.S. as the major contributor due to the flourishing packaging industry and easy resin availability.

Printing Inks Market Share Insight

The global ink industry is extremely competitive owing to the presence of vertically integrated key players with technologically advanced solutions & equipment and procurement & distribution channels. The industry has witnessed a strong consolidation period in different regions which include, expansions, mergers, and acquisitions, making the industry highly competitive. Some expansion strategies include Epple Druckfarben Italia S.r.I in Milan, Italy, subsidiary of Epple Druckfarben for superior quality German offset printing inks in Italy and Kansas, U.S. plant which was an expansion strategy of Sakata Inx Corporation. Major market players include

  • Flint Group

  • DIC Corporation

  • Siegwerk Druckfarben AG & Co. KGaA

  • Sakata Inx Corporation

  • T&K TOKA Corporation

  • Dainichiseika Color & Chemicals Mfg. Co., Ltd.

  • DEERS I CO., Ltd.

  • Epple Druckfarben AG


  • Hubergroup


Printing Inks Market Report Scope

Report Attribute


Market size value in 2021

USD 19.6 billion

Revenue forecast in 2028

USD 23.8 billion

Growth rate

CAGR of 2.8% from 2021 to 2028

Base year for estimation


Historical data


Forecast period


Quantitative units

Revenue in USD thousand, volume in thousand liters, and CAGR from 2020 to 2028

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, resin, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; Italy; China; India; Japan; Brazil

Key companies profiled

Flint Group; DIC Corporation; Siegwerk Druckfarben AG & Co. KGaA; Sakata Inx Corporation; T&K TOKA Corporation; Dainichiseika Color & Chemicals Mfg. Co., Ltd.; DEERS I CO., Ltd.; Epple Druckfarben AG; TOYO INK SC HOLDINGS CO., LTD.; Hubergroup; TOKYO PRINTING INK MFG CO., LTD.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global printing inks market on the basis of product, resin, application, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Gravure

    • Flexographic

    • Lithographic

    • Digital

    • Others

  •  Resin Outlook (Revenue, USD Million, 2016 - 2028)

    • Modified rosin

    • Modified cellulose

    • Acrylic

    • Polyurethane

    • Others

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Packaging & labels

    • Corrugated cardboards

    • Publication & Commercial Printing

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • Italy

      • UK

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America (CSA)

      • Brazil

    • Middle East & Africa

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