09.07.23
MarketsandMarkets 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 the ink market at USD $19 billion in 2022, and is projected to reach USD $28.6 billion by 2028, at a CAGR of 7.0% from 2023 to 2028.
The growth of the market is being driven by a number of factors, including the growing demand for flexible packaging, the increasing demand for digital printing, the growing demand for sustainable printing inks, and the growth of the electronics industry.
The growing demand for flexible packaging is being driven by the increasing popularity of online shopping and the need for packaging that is both durable and attractive. Digital printing is becoming increasingly popular due to its ability to produce high-quality prints on a variety of materials. Sustainable printing inks are becoming more popular due to growing concerns about the environmental impact of traditional printing inks. The electronics industry is a major user of printing inks, and the growth of this industry is driving the demand for printing inks.
The digital process segment is expected to register second highest CAGR during forecasted period. The flexographic process segment is expected to grow at a significant pace over the forecast period owing to its wide applications. Flexo print inks allow prints upon a range of materials at a low cost. It is designed to print strong cardboard boxes, paper bundles, folded cartons, plastic bags, dairy and beverages boxes, disposable utensils and cartons, labels, bonding adhesives, postcards, newsprint, and local supermarket packaging.
The growth of the market is being driven by a number of factors, including the growing demand for flexible packaging, the increasing demand for digital printing, the growing demand for sustainable printing inks, and the growth of the electronics industry.
The growing demand for flexible packaging is being driven by the increasing popularity of online shopping and the need for packaging that is both durable and attractive. Digital printing is becoming increasingly popular due to its ability to produce high-quality prints on a variety of materials. Sustainable printing inks are becoming more popular due to growing concerns about the environmental impact of traditional printing inks. The electronics industry is a major user of printing inks, and the growth of this industry is driving the demand for printing inks.
The digital process segment is expected to register second highest CAGR during forecasted period. The flexographic process segment is expected to grow at a significant pace over the forecast period owing to its wide applications. Flexo print inks allow prints upon a range of materials at a low cost. It is designed to print strong cardboard boxes, paper bundles, folded cartons, plastic bags, dairy and beverages boxes, disposable utensils and cartons, labels, bonding adhesives, postcards, newsprint, and local supermarket packaging.