Research and Markets02.23.21
The global printing inks market is expected to grow from $35.58 billion in 2020 to $37.01 billion in 2021 at a compound annual growth rate (CAGR) of 4%.
The growth is mainly due to companies rearranging their operations and recovering from the impact of COVID-19, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $42.21 billion in 2025 at a CAGR of 3%.
The printing inks market consists of sales of printing inks by entities (organizations, sole traders or partnerships) that manufacture printing and inkjet inks. Printing inks are liquids that contain pigments or dyes, which are used to produce images, text and designs.
They are widely used in letterpress and lithographic printing. Printing inks consist of a pigment or pigments of the required color mixed with oil or varnish.
Western Europe was the largest region in the global printing inks market, accounting for 30% of the market in 2020. Asia Pacific was the second largest region accounting for 25% of the global printing inks market. Africa was the smallest region in the global printing inks market.
The printing inks market witnessed consolidation with a significant number of mergers and acquisitions. Top companies in the printing inks market are strategically acquiring and merging with start-ups and mid-sized companies to broaden their products and services range or to enter emerging regions.
