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Printing Ink Market to Reach US$ 42.63 Billion by 2034, as Demand Rising in Industrial Sector

The global printing ink market is experiencing a surge in demand due to the need for visually appealing packaging in the e-commerce sector. According to a report by Fact.MR, sales of printing inks are on the rise as they play a crucial role in creating vibrant colors, intricate designs, and readable text on packaging materials like labels, boxes, and flexible packaging. The market is expected to reach a valuation of US$ 25.19 billion by 2024 and grow at a CAGR of 5.4% through 2034.

The growing demand for printing inks is driven by various industries such as packaging, publishing, advertising, textiles, and labels. The expansion of the e-commerce sector has led to an increased need for high-quality packaging and labeling solutions, further boosting the global demand for printing inks. Additionally, the growth of the publishing and advertising industries, coupled with rising consumer expenditure on printed materials, is fueling the market’s growth.

One of the primary reasons for the rising demand for printing inks is the expansion of the packaging industry, driven by factors like the growth of consumer packaged goods and e-commerce. In today’s digital age, packaging serves not only as a protective covering but also as a marketing tool, conveying brand identity and product details to consumers.

Innovations in printing ink formulations are also contributing to market growth. Advancements in UV-curable inks offer quicker drying times, better adhesion to various materials, and increased durability against fading and abrasion. Water-based and bio-based inks are gaining popularity due to their environmentally friendly qualities and compatibility with different printing applications. Digital printing technologies like inkjet and electrophotography are also gaining traction for customization, personalization, and on-demand printing, improving print quality and efficiency while promoting sustainability and reducing environmental impact.

In the packaging industry, aesthetics are crucial for product presentation and brand identity, leading to the use of printing inks to comply with regulatory requirements. The expansion of the e-commerce sector, particularly in East Asia, is driving sales of printing inks as branded packaging becomes a requirement for retailers. The textile industry is also witnessing a shift towards digital printing technology, with efficient digital textile printers becoming increasingly popular, contributing to the overall growth of the printing ink market.

Overall, the global printing ink market is projected to expand at a CAGR of 5.4% through 2034, reaching a valuation of US$ 42.63 billion by the end of that year. The North American market is expected to grow at a CAGR of 5.6% from 2024 to 2034, while East Asia is projected to account for 38.4% of the global market share by 2034. Sales of water-based printing inks are estimated to reach US$ 7.94 billion in 2024, with demand for oil-based printing inks expected to reach US$ 9.63 billion by 2034.

Fact.MR is a trusted research partner for many Fortune 1000 companies globally, with a dedicated team of analysts and consultants committed to delivering high levels of client satisfaction. For more information on the printing ink market and other research studies by Fact.MR, visit their website.

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