Printing Ink Market to Reach $28.6 billion by 2028: MarketsandMarkets™

28 August 2023: The report “Printing Ink Market by Type, Process, Application & Region – Global Forecasts to 2028”, is estimated at USD 19.0 billion in 2022 and is projected to reach USD 28.6 billion by 2028, at a CAGR of 7.0% from 2023-2028. The growth of the market is being driven by a few factors, including the growing demand for flexible packaging, the increasing demand for digital printing, the growing demand for sustainable printing inks and the growth of the electronics industry.

The growing demand for flexible packaging is being driven by the increasing popularity of online shopping and the need for packaging that is both durable and attractive. Digital printing is becoming increasingly popular due to its ability to produce high-quality prints on a variety of materials. Sustainable printing inks are becoming more popular due to growing concerns about the environmental impact of traditional printing inks. The electronics industry is a major user of printing inks and the growth of this industry is driving the demand for printing inks.

Demand for polyurethane printing inks is experiencing notable growth due to their unique properties. Polyurethane inks, which are formulated using polyurethane resins, offer exceptional adhesion to a wide range of substrates, including plastics, metals, fabrics, and leather. Their flexibility and elasticity make them particularly well-suited for applications requiring durability and resistance to abrasion, bending, and stretching. This has led to their increasing use in industries like textiles, automotive, electronics and packaging. Additionally, polyurethane inks are valued for their ability to create tactile and three-dimensional effects, enhancing the visual and tactile appeal of printed materials. As sustainability gains importance, manufacturers are also exploring water-based polyurethane inks that have lower VOC emissions and reduced environmental impact.

Flexographic process segment is expected to grow at a significant pace over the forecast period owing to its wide applications. Flexo print inks allow prints upon a range of materials at a low cost. It is designed to print strong cardboard boxes, paper bundles, folded cartons, plastic bags, dairy and beverages boxes, disposable utensils and cartons, labels, bonding adhesives, postcards, newsprint and local supermarket packaging.

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