Press Release

Next-Generation Printing Ink Market size is valued USD 6,457.8 million in 2023 & is projected to reach USD 9,456.5 million By 2030

The Global Next-Generation Printing Ink Market size is valued at USD 6,457.8 million in 2023 and is projected to reach USD 9,456.5 million in 2030. Along with this, the market is estimated to grow at a CAGR of around 5.6% during the forecast period, i.e., 2024-30., cites MarkNtel Advisors in the recent research report. The surging growth of the overall market is significantly contributed by the fast-growing demand for high-quality and technologically advanced printing inks in the textile industry. As the interest of consumers in trendy and functional textiles has rapidly grown, there has been an increase in the demand for printing inks with superior color absorption and radiant hues.

Also, consumers are increasingly leaning towards customized or personalized textile products, thus helping to drive demand for digital textile printing. Next-generation printing inks are designed and noted to provide high-resolution prints with brilliant colors and very good wash-fastness; thus, these are very much suitable for new-generation digital printing techniques like inkjet printing in the textile segment. This is one of the main reasons that several manufacturers are increasingly coming up with digital printing inks targeted at the textile industry, thereby providing a platform for high-resolution prints across various products diversified by color. It is this rapidly growing demand for next-generation printing inks, as a result of the demand for high-quality and digitally printed textiles that is augmenting the growth in the Next-Generation Printing Ink Market.

Further, the building and construction sector is a significant driver for the next-generation printing inks. Fast urbanization, the rise in infrastructure development, and the booming real-estate sector have triggered construction activities worldwide. Governments in countries such as the USA, Germany, China, and India are focusing on the construction sector to accommodate the rising urbanization. Also, with this, the demand for high-quality building materials, such as tiles and interior wallpapers used for space decoration has been increasing. Next-generation printing inks are effectively utilized for improvements in the design, durability, and environmental sustainability of tiles, wallpapers, etc. These inks help realize complicated designs with customizing functions through advanced digital printing technology on tiles and wallpapers, which is highly favored by modern consumption trends for unique interior decoration items. Hence, the integration of next-generation printing inks in the construction sector remains one of the major driving factors for the growth of the Next-Generation Printing Ink Market.

Global Next-Generation Printing Ink Market Segmentation Analysis

Publishing & Printing Segment to Hold Significant Market Share in the Global Next-Generation Printing Ink Market

Based on application, the market is further segregated into apparel, printing & publishing, packaging, building & construction, cosmetics, and others. The publishing & printing segment is likely to hold the largest share of the global market driven mainly by the growing demand and publications of magazines, books, journals, and other such media from all over the world. Also, a surge in content creation, a trend of hyper-personalization of publications, and the demand for material that is of high quality and visually captivating. Furthermore, industries such as packaging and label printing also fuel the growth in printing and publishing by letting businesses get creative about packaging to increase brand visibility and better customer engagement. As the demand for printed materials like paper, magazines, and labels continues to rise, there is a growing need for next-generation printing inks that cater to a variety of needs and paper types, thereby driving global segment growth. Moreover, the increasing need and awareness to take care of the environment and surroundings is resulting in an ever-increasing demand for eco-friendly inks, recyclable materials, and energy-efficient printing processes. As a result, this sustainability factor is consequently increasing demand for biodegradable inks within the publishing industries, and would further spur the growth of next-generation printing inks in the printing and publishing segment of the global market.

Asia-Pacific to Hold Major Market Share in the Global Next-Generation Printing Ink Market

Geographically, the market is segmented into regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia-Pacific region commanded an outstanding share of the total global market. Much of the growth in this region has been provided by the rapidly growing packaging industry in countries like China, India, and Japan, which are simply showing huge potential in terms of market expansion. Also, the growth in demand for rigid, flexible, and paper & board packaging materials in China further boosts its packaging industry, promoting an increase in demand for printing inks. In addition, the Asia-Pacific region is going through rigorous growth in the textile industry, thus further strengthening the overall market growth of next-generation printing inks. The textile industry and economy of those regions have great potential in China, as it is among one of the largest producers and exporters of textile products in the world. Besides, smooth labor and raw material supply, well-oiled distribution pipeline, and reduced trade barriers give a competitive advantage to the Asia-Pacific market and turn it into the main driving force for the next-generation printing ink market in that region.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Mimaki Engineering Co., Ltd., Altana AG, Kornit Digital Ltd., DuPont de Nemours, Inc., Flint Group, DIC Corporation, Huntsman Corporation, Domino Printing Sciences PLC, FUJIFILM Holdings Corporation, Memjet, Sakata Inx Corporation, Roland DG Corporation, Arrow Systems Inc, Toyo Ink Co. Ltd., Epson, and Sun Chemical, among others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?