The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
The global ink market reached a value of US$ 19.06 Billion in 2021.
According to the estimates by IMARC Group, the global ink market is expected to exhibit a CAGR of 3.34% during 2022-2027.
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.
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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