Ink Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Ink Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A569
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Global Ink Market Outlook 2023-2028:

The global ink market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.24% during 2023-2028.

Ink has been around for centuries and plays a vital role in most aspects of human life. It can be in the form of a liquid or a paste and is primarily produced from materials like solvents, dyes, pigments, resins, lubricants, solubilizers, fluorescents and surfactants. It can be divided into two broad classes – printing and writing inks. Over the past few years, printing ink has witnessed a higher growth in demand as it is utilized for printing books, posters magazines, newspapers, calendars, journals and photographs. 




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The growth in the packaging industry represents the leading growth-inducing factor for the market as ink is widely used in the packaging of various products. Since packaging plays a pivotal role in attracting consumers, product manufacturers are investing in elaborative and unique packing solutions. In addition to this, due to stringent government regulations, it has become mandatory for the manufacturers of cosmetics, personal care products, food and beverages to include details like product price, quantity, ingredients, and date of manufacturing and expiry on the packaging. Moreover, on account of inflating income levels, easy availability of products and growing internet penetration, the e-commerce industry is flourishing at a robust rate, in turn, driving the demand for printing ink. However, with the digitalization of media, there has been a shift from print advertising to electronic channels in recent years. Despite a decline in its market growth, print advertising holds a significant share in the advertising industry as a large part of the consumers still subscribe to periodicals such as journals, newspapers and magazines.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ink market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, ink type and application.

Breakup by Technology:

  • Lithographic
  • Flexographic
  • Gravure
  • Digital
  • Letterpress
  • Others

At present, lithographic ink accounts for the majority of the total market share owing to its affordability and superior quality.

Breakup by Ink Type:




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  • Oil Based
  • Solvent Based
  • Water Based

Based on ink type, oil-based inks currently dominate the market, holding the biggest share.

Breakup by Application:

  • Label & Packaging
  • Commercial Printing
  • Publications
  • Others

On the basis of application, the label & packaging segment represents the largest application area. This can be accredited to the flourishing e-commerce, and food and beverage industries, especially in developing economies.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Others

On a geographical front, Asia Pacific enjoys the leading position in the global ink market on account of the growing population and escalating disposable incomes of the consumers.

Competitive Landscape:

The competitive landscape of the market has been analyzed along with detailed profiles of the major players operating in the ink industry.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion, Million Tons
Segment Coverage Technology, Ink Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global ink market reached a value of US$ 19.8 Billion in 2022.

According to the estimates by IMARC Group, the global ink market is expected to exhibit a CAGR of 3.24% during 2023-2028.

Ink is extensively utilized in the cosmetics and food and beverage (F&B) industries for the packaging of various products. This represents one of the key factors impelling the market growth.

The market is negatively impacted due to the mass transmission of the coronavirus disease (COVID-19), lockdowns implemented by governments of various countries and unpredicted logistic constraints.

Governments of several countries have implemented stringent regulations on packaging labelling. This, along with the increasing focus on the development of bio-based ink by leading manufacturers and the widespread usage of home printers, represents one of the major trends in the market.

Based on the technology, the market has been segmented into lithographic, flexographic, gravure, digital, letterpress and others.

On the basis of the ink type, the market has been segregated into oil-, solvent- and water-based.

The market has been categorized based on the application into label & packaging, commercial printing, publications, and others.

Region-wise, the market has been divided into Asia Pacific, North America, Europe and others.

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Ink Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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