Packaging Inks Market Competitive Outlook and Innovation Analysis 2032

According to Fortune Business Insights, The global packaging inks market size was valued at USD 9.44 billion in 2024. The market is projected to grow from USD 10.19 billion in 2025 to USD 17.59 billion by 2032 at a CAGR of 8.09% during the 2024-2032 forecast period. Packaging inks are a necessary aspect of product packaging, which have a crucial role in the branding, information communication, and aesthetic appeal of a product. The rising demand for sustainable packaging solutions is augmenting the market expansion. Packaging inks are an essential component of product packaging, playing a critical role in the aesthetic appeal, branding, and information communication of a product. They are designed specifically to adhere to various types of packaging materials, ranging from paper and cardboard to plastic and foil.

Fortune Business Insights™ provides this information in its research report, titled “Packaging Inks Market”.

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Segmentation:

Suitability of Solvent based Products for Usage on Various Substrates to Foster Segment Growth

On the basis of type, the market is divided into water based, solvent based, and others. The solvent based segment captured the highest packaging inks market share in 2023 on account of usage of organic solvents which allows them in rapidly drying through evaporation. This factor makes them suitable for deployment on different substrates, such as films, papers, foils, and flexible plastic.

Rapidly Growing Packaging Industry to Spur Flexographic Segment Expansion

In terms of printing method, the market is categorized into gravure, flexographic, and others. The flexographic segment is poised to lead during the study period, which can be credited to rapidly growing packaging industry, specifically flexible packaging. This is owing to rising demand in sectors, including consumer goods, pharmaceuticals, and food and beverages.

Food & Beverages Segment Led Fueled by Expanding Population

With respect to application, the market is segregated into pharmaceuticals, cosmetics & personal care, food & beverages, and others. The food & beverages segment occupied the largest market share in 2023, driven by rising demand for food & beverages owing to the expanding population. Moreover, the growing popularity of flexible packaging, such as bags and pouches, owing to its extended shelf life, convenience, and lightweight, is further contributing to segment expansion.

On the regional front, the market is classified into Europe, the Middle East & Africa, Latin America, Asia Pacific, and North America.

List of Key Players Mentioned in the Report:

• Arkema S.A. (France)

• Akzo Nobel N.V. (Netherlands)

• Flint Group (S.)

• Siegwerk Druckfarben AG & Co. KGaA (Germany)

• Sun Chemical (U.S.)

• Interstate Inks (Lebanon)

• Altana AG (Germany)

• Sakata Inx (India) Private Limited (India)

• INX International Ink Co. (U.S.)

• Chemicoat (India)

• Toyo Ink Co., Ltd. (Japan)

Report Coverage:

The report provides an in-depth analysis of the major factors affecting the market growth. It further highlights the top trends, key segments, and the impact of the COVID-19 pandemic on the market growth. Besides this, the competitive strategies undertaken by top companies to sustain their industry leadership have been mentioned in the report.

Drivers and Restraints:

Increasing Emphasis on Branding and Customization to Aid Market Expansion

The demand for brand-focused and personalized packaging is always on peak. This increase is driven by recognition of power of packaging as a direct communication channel with consumers by businesses. This personalization trend in packaging helps brands make connections with consumers on a more personal level.

However, regulatory & environmental issues may hamper packaging inks market growth.

Regional Insights:

Asia Pacific Dominates Market Propelled by Expanding Retail Industry

Asia Pacific registered the largest market share in 2023, which can be attributed to the flourishing retail industry coupled with growing demand for the product in labeling and packaging applications. There is a demand for packaging inks in emerging economies, including India and China.

North America packaging inks market is witnessing significant growth on account of surging demand from the pharmaceutical industry. This, along with the rising uptake of new technology and presence of prominent companies, is surging market growth in the region.

Competitive Landscape:

Key Companies Leverage Product Innovation Strategies to Provide Enhanced Solutions

With respect to the competitive scenario, the packaging inks market has a fragmented structure and depicts the presence of many regional & global companies. Top companies are focusing on various strategies such as joint ventures, mergers, acquisitions, and others. A wide range of companies are also emphasizing the launch of innovative products to offer enhanced solutions.

Information Source: https://www.fortunebusinessinsights.com/packaging-inks-market-110538

Key Industry Development:

• May 2024: Flint Group expanded its TerraCode range with the new addition of TerraCode Bio. This environmentally friendly product line includes bio-based extenders and coatings specifically designed for the corrugated market.

• February 2024: Flint Group introduced Novasens P670 PRIME, an advanced, Low-Odor, Low-Migration (LOLM) process ink range designed to fulfill the requirements of Sheetfed Offset packaging printers globally. The company offers a complete resolution to enhance productivity and minimize waste. This ink range supports printers' sustainability goals while maintaining print quality and adhering to regulatory standards.