According to IMARC Group’s latest report, titled “Ink Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global ink market size reached a value of US$ 19.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.29 Billion by 2027, exhibiting at a CAGR of 3.34% during 2022-2027.
Ink refers to a liquid or paste including pigments and dyes, utilized for drawing or writing with a pen, brush, or quill, or for marking a design, text, image, or colored surface. Its general application areas are tags and labels, packaging, published commercials, and textiles. At present, it is divided into two broad classes – printing and writing inks.
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Ink Market Trends :
The rising demand for printing inks in the packaging industry represents one of the key factors driving the market growth. Furthermore, the increasing usage of printing inks by manufacturers of personal care products, cosmetics, and food and beverages to include information, such as product quantity, price, ingredients, and date of expiry and manufacturing on the packaging is acting a major growth-inducing factor. The market is also being driven by the widespread application of ink in print advertising. Moreover, on account of inflating disposable income levels, the easy product availability, and the increasing internet penetration, the e-commerce industry is flourishing significantly, which, in turn, is driving the demand for printing ink. Other factors, such as significant advancements in printing technology and the increasing demand for high-quality printing, are creating a positive outlook for the ink market further across the globe.
Ink Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the Ink Market has been analyzed along with detailed profiles of the major players operating in the ink industry.
Key Market Segmentation:
The report has segmented the Ink Market on the basis of breakup by technology, ink type, application and region.
Breakup by Technology:
- Lithographic
- Flexographic
- Gravure
- Digital
- Letterpress
- Others
Breakup by Ink Type:
- Oil Based
- Solvent Based
- Water Based
Breakup by Application:
- Label & Packaging
- Commercial Printing
- Publications
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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