05.21.24
The global ink additives market size was USD 2.3 billion in 2024 and is projected to reach USD 2.9 billion by 2029, at a CAGR of 5.3% between 2024 and 2029, as per the recent study by MarketsandMarkets. The expansion is credited to the growing array of applications, advancements in ink technology, and heightened demand from the packaging sector in the Asia-Pacific region, notably led by China, India, Vietnam, and Indonesia. The major driver for the ink additives market is increased demand for flexible packaging.
The dispersing and wetting agents type accounted for the largest share of the overall ink additives market, in terms of value, in 2023. They are employed in larger quantities in most ink formulations compared to other types of ink additives. Additionally, they find application across a wide range of ink types, further fueling their heightened demand.
Solvent-based technology accounted for a largest share of the overall ink additives market, in terms of volume, in 2023. The ink additives market is predominantly driven by solvent-based technology, attributed to its economical nature and user-friendly characteristics.
The lithographic process segment is estimated to account for a largest share in 2023 in terms of volume. The digital process is anticipated to experience the most rapid expansion during the forecast period.
The packaging application segment dominated the overall ink additives market, in terms of volume, in 2023. Packaging emerges as the largest and swiftest-growing application realm for ink additives. The heightened demand for ink additives in flexible packaging, corrugated cardboard, and folding cartons is poised to propel this segment's market forward.
This surge is anticipated to be fueled by the increasing requirements for inks in food packaging (including seafood), cigarette packaging, beverages, bags, pouches, Sand various lamination designs. Furthermore, the burgeoning demand for ink additives from the narrow web, label printing, and tag segments amplifies the momentum within the packaging sector market.
Asia Pacific is the leading market for ink additives market. The ink additives market in the region is anticipated to be driven by the packaging industry in emerging countries like India and Indonesia.
The dispersing and wetting agents type accounted for the largest share of the overall ink additives market, in terms of value, in 2023. They are employed in larger quantities in most ink formulations compared to other types of ink additives. Additionally, they find application across a wide range of ink types, further fueling their heightened demand.
Solvent-based technology accounted for a largest share of the overall ink additives market, in terms of volume, in 2023. The ink additives market is predominantly driven by solvent-based technology, attributed to its economical nature and user-friendly characteristics.
The lithographic process segment is estimated to account for a largest share in 2023 in terms of volume. The digital process is anticipated to experience the most rapid expansion during the forecast period.
The packaging application segment dominated the overall ink additives market, in terms of volume, in 2023. Packaging emerges as the largest and swiftest-growing application realm for ink additives. The heightened demand for ink additives in flexible packaging, corrugated cardboard, and folding cartons is poised to propel this segment's market forward.
This surge is anticipated to be fueled by the increasing requirements for inks in food packaging (including seafood), cigarette packaging, beverages, bags, pouches, Sand various lamination designs. Furthermore, the burgeoning demand for ink additives from the narrow web, label printing, and tag segments amplifies the momentum within the packaging sector market.
Asia Pacific is the leading market for ink additives market. The ink additives market in the region is anticipated to be driven by the packaging industry in emerging countries like India and Indonesia.