The Packaging Ink Market in 2023

The packaging printing industry is a huge market, with estimates placing the market at approximately $200 billion in the US alone. Corrugated printing is considered to be the largest segment, with flexible packaging and folding cartons close behind.

Inks plays a critical role and are varied depending upon the substrate. Corrugated printing typically uses water-based inks, while solvent-based inks are the leading ink type for flexible packaging and sheetfed and flexo inks for folding cartons. UV and digital printing are also picking up share, while metal deco inks dominate beverage can printing.

Even during COVID and the difficult raw material situation, the packaging market continued to grow. Packaging ink manufacturers report that the segment continues to do well.

Siegwerk CEO Dr. Nicolas Wiedmann reported that the demand for packaging and packaging inks further stabilized throughout 2022, with some softer months