The Global Next-Generation Printing Ink Market size is valued at USD 6,457.8 million in 2023 and is projected to reach USD 9,456.5 million By 2030. Along with this, the market is estimated to grow at a CAGR of around 5.6% during the forecast period. According to MarkNtel Advisors Study.
Global Next-Generation Printing Ink Market Driver:
Escalating Growth in the Packaging Industry Creating Immense Demand for Next-Generation Printing Inks– There has been significant growth in the packaging sector because of changing consumer needs concerning better and more attractive product packaging. Improving disposable incomes coupled with the evolving consumer lifestyle in developing countries drive the growth of the packaging industry through increased demand for high-quality, unique packaging solutions that help differentiate a product at retail. Besides, the growth of the e-commerce industry has added to the demand for packaging solutions across the globe. The increased trend in online shopping creates an enhanced demand for packaging solutions to ensure delivery without any damage to the products. This has resulted in an increased demand for new, attractive, and aesthetically appealing packaging solutions. Since packaging is used widely as a strategic way of advertisement to attract customers, numerous manufacturers & leading players are massively investing in elaborative & unique packing solutions, which are fueling the demand for printing inks.
Moreover, stringent safety standards in the food and beverage industry increase the need for inks safe for direct food contact, and resistant to dampness and temperature changes. Further, the pharmaceutical and cosmetic industry also demands a high dose of anti-counterfeiting; hence, inks possessing exceptional security properties, such as UV visibility and magnetism, are greatly pursued for the authenticity of their products. Thus, with the surging growth in the packaging industry, demand for next-generating printing inks is also growing at a fast pace, augmenting the market growth.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Next-Generation Printing Ink Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Ink Type
- Aqueous Ink- Market Size & Forecast 2020-2030, Thousand Tons
- Solvent-Based Ink- Market Size & Forecast 2020-2030, Thousand Tons
- UV-Cured Ink- Market Size & Forecast 2020-2030, Thousand Tons
- Eco-Solvent Ink- Market Size & Forecast 2020-2030, Thousand Tons
- Latex-Based Ink- Market Size & Forecast 2020-2030, Thousand Tons
- Others (Invisible Ink, Conductive Ink, Toner, etc.) – Market Size & Forecast 2020-2030, Thousand Tons
- By Printing Technology
- Inkjet- Market Size & Forecast 2020-2030, Thousand Tons
- Continuous Inkjet Printing Technology- Market Size & Forecast 2020-2030, Thousand Tons
- Drop-on-Demand Inkjet Printing- Market Size & Forecast 2020-2030, Thousand Tons
- Laser- Market Size & Forecast 2020-2030, Thousand Tons
- Inkjet- Market Size & Forecast 2020-2030, Thousand Tons
- By Application
- By Apparels- Market Size & Forecast 2020-2030, Thousand Tons
- Direct-to-Garment- Market Size & Forecast 2020-2030, Thousand Tons
- Roll-to-Roll (Fabric) – Market Size & Forecast 2020-2030, Thousand Tons
- Publishing and Printing- Market Size & Forecast 2020-2030, Thousand Tons
- Signage- Market Size & Forecast 2020-2030, Thousand Tons
- Security and Transactional Printing- Market Size & Forecast 2020-2030, Thousand Tons
- Others (Books, Magazines, etc.) – Market Size & Forecast 2020-2030, Thousand Tons
- Packaging- Market Size & Forecast 2020-2030, Thousand Tons
- Signage and Display Graphics- Market Size & Forecast 2020-2030, Thousand Tons
- Corrugated Packaging- Market Size & Forecast 2020-2030, Thousand Tons
- Others (Flexible Packaging, Bottles and Cans, etc.) – Market Size & Forecast 2020-2030, Thousand Tons
- Building and Construction- Market Size & Forecast 2020-2030, Thousand Tons
- Ceramic Tiles- Market Size & Forecast 2020-2030, Thousand Tons
- Decorative Floors (Laminate Flooring) – Market Size & Forecast 2020-2030, Thousand Tons
- Others (Decorative Glass, Wallcoverings, etc.) – Market Size & Forecast 2020-2030, Thousand Tons
- Cosmetics- Market Size & Forecast 2020-2030, Thousand Tons
- Others (Printed Circuit Boards, Automotive, etc.) – Market Size & Forecast 2020-2030, Thousand Tons
- By Apparels- Market Size & Forecast 2020-2030, Thousand Tons
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Mimaki Engineering Co., Ltd., Altana AG, Kornit Digital Ltd., DuPont de Nemours, Inc., Flint Group, DIC Corporation, Huntsman Corporation, Domino Printing Sciences PLC, FUJIFILM Holdings Corporation, Memjet, Sakata Inx Corporation, Roland DG Corporation, Arrow Systems Inc, Toyo Ink Co. Ltd., Epson, Sun Chemical, Others are looking forward to strengthening their market positions.
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Global Next-Generation Printing Ink Industry Recent Development:
In 2023: Altana AG acquired the Silberline Group which specializes in developing and manufacturing effect pigments and printing inks to plastics, protective coatings, etc.
In 2023: Sun Chemical launched its cutting-edge range of digital textile inks called Xennia Amethyst Eco RC ink, ElvaJet Sublimation Inks, etc., at ITMA (International Textile Machinery Association) Asia.
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