Global Printing Ink Market Expected to Reach $28.6 Billion by 2028
The printing ink market is projected to grow from USD 19.0 billion in 2022 to USD 28.6 billion by 2028, at a CAGR of 7.0% during the forecast period. Printing ink is a fluid substance that is used to transfer images and text to a variety of surfaces, such as paper, plastic, metal, and glass. It is typically made up of a pigment, a binder, and a solvent. The pigment gives the ink its color, the binder holds the pigment together, and the solvent helps the ink flow smoothly and dry quickly. The main properties of printing ink include color, opacity, viscosity, shear thinning, drying time, chemical resistance, durability, and transferability. Color is determined by the pigments used, while opacity is the ability of an ink to hide the substrate it is printed on. Viscosity is the resistance of an ink to flow, and shear thinning is the property of an ink that causes it to flow more easily when it is sheared. Drying time is the amount of time it takes for the ink to dry to a solid film. Chemical resistance is the ability of an ink to resist fading, smudging, and other chemical damage.
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Major manufacturers in this market are based in Asia Pacific, North America and Europe. DIC Corporation (Japan), Toyo Ink SC Holdings Co., Ltd. (Japan), T&K TOKA CORPORATION (Japan), Tokyo Printing Ink Mfg. Co., Ltd. (Japan), FUJIFILM Holdings Corporation (Japan), Yip’s Chemical Holdings Limited (Hong Kong), Sakata Inx Corporation (Japan), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Hubergroup (Germany), Flint Group (Luxembourg), SICPA Holding SA (Switzerland), Wikoff Color Corporation (US), ALTANA (Germany), and DEERS I Co., LTD. (South Korea) are among a few leading players operating in the printing ink market. Major focus was given to the development of new manufacturing processes for printing ink and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the printing ink market further.
Covestro AG (Japan)
Sakata Inx Corporation is a prominent Japanese company specializing in the manufacturing and distribution of printing inks and related materials. Founded in 1896, the company has established itself as a global leader in the printing industry, offering a diverse range of high-quality printing inks for various applications. With a rich history spanning over a century, Sakata Inx has continuously evolved its product offerings to cater to the changing demands of the printing market. The company’s product portfolio covers an extensive range of applications, from commercial printing, packaging, and labeling to industrial and specialty printing.
Siegwerk Druckfarben AG & Co. KGaA (Germany)
Siegwerk Druckfarben AG & Co. KGaA is a leading German company specializing in the development, production, and distribution of printing inks, coatings, and related solutions. Founded in 1830, the company has a long and distinguished history in the printing industry, making it one of the global leaders in ink manufacturing. Siegwerk’s printing ink business overview encompasses an emphasis on advanced ink formulations designed to meet the ever-changing needs of the modern printing landscape. Their inks exhibit properties such as precise color reproduction, optimal viscosity for each printing process, fast drying capabilities, excellent adhesion, and durability. This ensures high-quality, vibrant prints across different substrates and applications.
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Toyo Ink SC Holdings Co., Ltd. (Japan)
TOYO INK SC HOLDINGS CO., LTD., commonly known as Toyo Ink, is a prominent Japanese company that specializes in the manufacturing and distribution of printing inks, coatings, adhesives, and related products. With a history dating back to 1896, Toyo Ink has established itself as a global leader in the printing and chemical industries, serving a diverse range of sectors. Company providing innovative and technologically advanced printing inks for various printing processes, including offset, gravure, flexography, and digital printing. Toyo Ink’s product offerings cover a wide spectrum of applications, ranging from packaging and labels to commercial and industrial printing. The company has manufacturing facilities in Asia-Pacific. It has its sales and R& D offices globally.
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