Inks get a boost from packaging and commercial print

The global printing inks market is expected to witness growth over the next few years. Interestingly enough, Asia-Pacific leads the market, thanks to its robust manufacturing sector, booming e-commerce, and high packaging demand — especially in China and India.

As per Transparency Market Research, the global printing inks market was valued at USD 24.3 billion in 2020 and is projected to reach USD 43.1-billion by 2031, growing at a CAGR of 5.4% from 2021 to 2031. While traditional segments like newspapers have declined due to digitalisation, other areas are booming.

The UV-cured printing inks segment is experiencing significant growth, with the market valued at USD 2.2-billion in 2022 and projected to reach USD 4.9-billion by 2031. This is a CAGR of 9.2% from 2023 to 2031. This surge is driven by the increasing inclination toward digital printing and the demand for UV-cured inks in the packaging sector.

The gravure printing inks market is anticipated to notch up USD 5.7-billion by 2031, rising at a 4.3% CAGR from 2023 to 2031. Similarly, the flexographic printing inks market was valued at USD 5.4-billion in 2021 and is estimated to grow at a CAGR of 4.0% from 2022 to 2031, reaching USD 7.7-billion by the end of 2031.

Meanwhile, the digital textile printing ink market, which was valued at over USD 0.6-billion in 2021, is expected to surpass USD 2.4-billion by 2031, expanding at a CAGR of 14.2% from 2022 to 2031. The growth is fueled by the demand for digital textile printing in clothing, flag printing, and other applications, particularly in Europe, which held a notable share of more than 38% of the global market in 2021.