The Latest Printing Inks Industry Statistics Explained
The global printing inks market size was valued at USD 18.2 billion in 2019.
The statistic indicates that in 2019, the total value of the global printing inks market was estimated to be USD 18.2 billion. This figure represents the combined revenue generated by the sale of printing inks worldwide during that year. The market size of printing inks is an important indicator of the scale of the industry and its economic significance. It reflects the demand for printing inks across various sectors such as packaging, publishing, commercial printing, and others. The value of the market size can be influenced by factors like technological advancements, industrial growth, and changes in consumer behavior, among others. Tracking the market size over time can help businesses, policymakers, and investors understand trends in the printing industry and make informed decisions.
The printing inks industry is projected to reach a market size of USD 23.9 billion by 2027.
This statistic indicates that the printing inks industry is expected to experience significant growth and expansion, with a projected market size of USD 23.9 billion by the year 2027. This suggests an optimistic outlook for the industry, driven by factors such as technological advancements, growing demand for sustainable printing solutions, and increased adoption of digital printing techniques. The projected market size serves as a key indicator of the industry’s potential growth trajectory and attractiveness for investors, manufacturers, and other stakeholders looking to capitalize on emerging opportunities in the printing inks market.
It is expected to register a cumulative annual growth rate (CAGR) of 3.4% from 2020 to 2027.
This statistic indicates that the value or quantity being measured is projected to increase steadily at a rate of 3.4% per year from 2020 to 2027. The cumulative annual growth rate (CAGR) takes into account the compounding effect of growth over multiple years, resulting in a higher total growth than a simple average annual growth rate. In this case, it suggests that the subject of the statistic is expected to grow by an average of 3.4% each year over the specified time period, leading to an overall increase by the end of 2027. This information can be useful for forecasting trends and making strategic decisions based on the expected growth trajectory.
In 2018, Asia Pacific held a share of more than 35.0% of the global volume.
The statistic “In 2018, Asia Pacific held a share of more than 35.0% of the global volume” indicates that the Asia Pacific region accounted for over 35% of the total volume within the relevant context, which could be related to various industries such as trade, production, consumption, or any other sector. This statistic suggests that Asia Pacific played a significant role in the global scale, potentially driving economic activity, influencing market trends, or exerting a notable presence in international trade. It highlights the region’s importance and impact in the global landscape during the specified year and underscores the need to consider Asia Pacific’s contributions when analyzing trends or making strategic decisions.
The Lithographic inks segment accounted for the highest share in the global printing inks market with more than 40% in 2019.
The statistic indicates that in 2019, the Lithographic inks segment held the largest proportion of market share within the global printing inks market, totaling more than 40%. This suggests that lithographic inks were the most widely used type of printing ink among various industries and applications worldwide during that year. The significant market share of lithographic inks implies that they are favored for their quality, performance, and versatility in meeting the diverse needs of businesses across different sectors. This data underscores the dominance of lithographic inks in the printing inks market and their importance in the overall industry landscape.
The demand for gravure inks in the Asia Pacific region is expected to advance at a CAGR of 3.0% from 2020 to 2027.
This statistic indicates that the demand for gravure inks in the Asia Pacific region is projected to increase steadily at a compound annual growth rate (CAGR) of 3.0% from the year 2020 to 2027. The CAGR is a measure of the average annual growth rate over a specified period of time, taking into account the effect of compounding. In this context, it suggests that the demand for gravure inks is expected to experience a consistent upward trend over the seven-year period in the Asia Pacific region. This could be driven by various factors such as increasing industrialization, population growth, technological advancements, or changing consumer preferences, leading to a higher demand for products that utilize gravure inks in printing applications.
The North American market accounted for 23.0% of total market share in 2019.
The statistic “The North American market accounted for 23.0% of total market share in 2019” signifies that out of the total market activity across all regions in 2019, the North American market specifically held a share of 23.0%. This indicates the relative importance and influence of the North American market compared to other regions during that year. Understanding regional market shares is essential for businesses and policymakers to make informed decisions regarding investments, partnerships, and strategies to capitalize on the opportunities within each market and maximize their potential growth and success.
Oil-based inks segment commanded over one-third of the global printing inks market share in 2019.
The statistic “Oil-based inks segment commanded over one-third of the global printing inks market share in 2019” indicates that oil-based inks accounted for more than 33% of the total market share in the global printing inks industry in 2019. This suggests that oil-based inks were a significant player in the market compared to other types of printing inks such as water-based or solvent-based inks. The dominance of oil-based inks in the market could be due to various factors such as their versatility, durability, and affordability, making them a popular choice among printers and manufacturers. This statistic provides valuable insight into the competitive landscape of the printing inks industry and the preferences of consumers and businesses in the market.
In 2020, water-based inks expected to reach the market size at $7,393.6 million by 2027, registering a CAGR of 3.8% from 2021 to 2027.
The statistic indicates that in 2020, the market size for water-based inks was valued at $7,393.6 million, and it is projected to continue growing at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2027. This means that the market is expected to reach a value of $7,393.6 million by the end of 2027. The steady growth rate suggests that there is increasing demand for water-based inks over the forecast period, likely driven by factors such as environmental concerns, regulations favoring eco-friendly products, and a growing preference for sustainable and low-toxicity ink options in various industries.
In 2019, packaging segment dominated the market, in terms of revenue, accounting for over two-thirds of the global printing inks industry.
The statistic indicates that in 2019, the packaging segment held a significant share of the global printing inks industry in terms of revenue, accounting for over two-thirds of the market. This suggests that the demand for printing inks was primarily being driven by the packaging sector. The dominance of the packaging segment signifies its importance within the industry, likely due to the continuous need for packaging materials across various sectors such as food and beverage, pharmaceuticals, and consumer goods. This statistic illustrates the strong influence and contribution of the packaging sector to the overall printing inks market, highlighting its pivotal role in driving revenue and growth within the industry.
The European printing inks market is set to grow at a CAGR of 3.9% between 2020 and 2025.
This statistic suggests that the European printing inks market is projected to experience a Compound Annual Growth Rate (CAGR) of 3.9% over the period from 2020 to 2025. A CAGR is a measure of the average annual growth rate of an investment or market over a specified period of time. In this case, the expected growth rate of 3.9% indicates that the market for printing inks in Europe is anticipated to expand steadily over the next five years. This growth can be influenced by factors such as technological advancements, changes in consumer preferences, economic conditions, and market dynamics within the printing industry. Overall, the forecasted CAGR provides insights into the anticipated growth trajectory of the European printing inks market and can be valuable for businesses and stakeholders in planning future strategies and investments related to this sector.
Printing inks market for the packaging industry is projected to reach USD 13.2 billion by 2027.
This statistic indicates that the market for printing inks specifically tailored for the packaging industry is forecasted to achieve a total value of USD 13.2 billion by the year 2027. This projection suggests a significant growth in demand for printing inks used in packaging materials over the coming years. Factors such as increasing consumer goods production, rising e-commerce activities, and growing emphasis on attractive packaging designs are likely contributing to this anticipated market expansion. Manufacturers, suppliers, and other stakeholders within the printing inks industry may seek to capitalize on this expected growth by diversifying product offerings, enhancing production capabilities, and leveraging innovative technologies to meet the evolving needs of the packaging sector.
The flexographic inks segment accounted for more than one-thirds of the global printing inks market revenue in 2020.
The statistic indicates that the flexographic inks segment, which refers to inks used in flexographic printing processes, contributed significantly to the overall revenue of the global printing inks market in 2020. Specifically, it accounted for more than one-third of the total market revenue, highlighting its importance and dominance within the industry. This suggests that flexographic inks are a key player in the market, likely due to factors such as their versatility, efficiency, and cost-effectiveness compared to other types of printing inks. Overall, this statistic underscores the significant impact and market share that flexographic inks hold within the global printing inks industry.
The consumption of solvent-based printing inks in Europe was over 115-kilo tons in 2019.
The statistic that the consumption of solvent-based printing inks in Europe was over 115-kilo tons in 2019 indicates the significant amount of these inks utilized within the printing industry during that year. Solvent-based printing inks are commonly used for various printing applications due to their effectiveness and durability. The statistic highlights the substantial demand for such inks in Europe, reflecting the active printing industry in the region. This information could be valuable for businesses operating within the printing supply chain, as it provides insight into the market size and potential opportunities for growth or investment in solvent-based printing inks.
The specialty inks segment is expected to register a growth rate of 4.0% over the forecast period from 2020 to 2027.
The statistic indicates that the specialty inks segment is projected to experience a growth rate of 4.0% over the period from 2020 to 2027. This suggests that the demand for specialty inks, which are used for specific applications such as security inks, UV-curable inks, and metallic inks among others, is expected to increase steadily during the forecast timeframe. This growth rate can be influenced by various factors such as technological advancements, increasing consumer preferences for customized printing solutions, and expanding applications in industries like packaging, textiles, and automotive. Overall, this statistic signals a positive outlook for the specialty inks market and indicates potential opportunities for companies operating in this segment to capitalize on the growing demand and expand their market presence.
Among applications, the publication and commercial printing segment accounted for more than 60% of the global market share in 2019.
The statistic indicates that in 2019, the publication and commercial printing segment held a significant market share, comprising over 60% of the total global market for applications in the printing industry. This suggests that the publication and commercial printing industry was the dominant sector within the broader printing market, exerting a strong influence on market trends and dynamics. The high market share of this segment highlights its importance in the industry and signifies its substantial contribution to the overall printing sector’s performance and revenue generation in 2019.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.alliedmarketresearch.com
2. – https://www.www.chemsafetypro.com
