Ink Market is Booming and Predicted to Hit US$ 24.0 Billion by 2028

 Industry Overview of Ink  Market:

Ink is a liquid, or a paste used to color a surface to produce an image, text, or design using pigments, dyes, resins, lubricants, solubilizers, fluorescents, and surfactants. It plays a vital role in most aspects of human life, as it is used to print newspapers, magazines, calendars, books, and product information on the packaging. In recent years, the increasing use of household printing devices has added to the growth of the global ink market.

How big is the ink market?

The global ink market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.24% during 2023-2028.

Ink Market Trends and Growth Drivers:

Ink finds applications in diverse industries across the globe. A significant increase in on-the-go food consumption has led to a rise in the demand for single-serve ready-to-go food products. As a result, there has been an expanding application of ink in the food packaging industry. Apart from this, the demand for ink is rising from the publishing industry as thicker inks, in the form of a paste, are extensively used in letterpress and lithographic printing. Furthermore, the governments have made stringent regulations regarding printing details on the back of cosmetics, personal care, food and beverages and other products. Moreover, the growing environmental awareness among consumers has encouraged manufacturers to develop bio-based ink produced from algae cells and other plant materials.

Some of the other major drivers are constant innovations in the development of inks that facilitate paper recycling, advancements in ink producing technologies, the growing usage of home printers, and easy availability of raw materials. 

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What Is Included In Market Segmentation?

The report has segmented the market into the following categories.

Breakup by Technology:

• Lithographic
• Flexographic
• Gravure
• Digital
• Letterpress
• Others
   

At present, lithographic ink accounts for the majority of the total market share owing to its affordability and superior quality.

Breakup by Ink Type:

• Oil Based
• Solvent Based
• Water Based

Breakup by Application:

• Label & Packaging
• Commercial Printing
• Publications
• Others

Regional Insights:

• Asia Pacific
• North America
• Europe
• Others

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Industry Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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