Global Next-Generation Printing Ink

Global Next-Generation Printing Ink Market Research Report: Forecast (2021-2026)

By Ink Type (Aqueous Ink, Solvent-Based Ink, UV-Cured Ink, Eco-Solvent Ink. Latex-Based Ink, Others), By Printing Technology (Inkjet (Continuous Inkjet Printing Technology, Drop-on-Demand Inkjet, Prin Read more

  • Chemicals
  • Jan 2022
  • 212
  • CM44007

Market Definition

Printing inks consist of pigments of different colors mixed with oil or varnish. Unlike paints, a thin layer of printing inks, with thickness varying between 2-30 μm, is applied on the surface. Presently, manufacturers are working on developing printing inks that can last long, be printed on different surfaces, and can offer high performance & a glossy finish.

Owing to these properties, the applications of printing inks are scaling across multiple verticals worldwide. Some prominent industries with soaring demand for next-generation printing inks include packaging, food & beverages, apparel, & cosmetics, among various others.

Market Insights

The Global Next-Generation Printing Ink Market is projected to grow at a CAGR of around 8.24% during the forecast period, i.e., 2021-26. The market is driven primarily by the escalating need for printing inks from end-users like the packaging industry to add flexible labels, commercial letterpress, etc., on packaging items with corrugated cardboard & foldable cartons.

In addition, the packaging industry is extensively expanding across regions like Asia-Pacific & North America, which is anticipated to play a crucial role in fueling the demand for next-generation printing inks. Several prominent market leaders are actively participating in the market & introducing new products & expansion strategies with more focus on items that suffice consumer requirements through technological, production, & distribution progressions. Moreover, the recent market trends include the rising importance of flexographic & digital toners, food-safe printing inks, etc., as well as the surging inclination of consumers toward environment-friendly products.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 8.24%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Switzerland
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil, and Argentina
Middle East & Africa: UAE, Saudi Arabia, Qatar, Egypt, South Africa
Key Companies Profiled 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, Dover Corporation, HP Inc. (Hewlett-Packard), Roland DG Corporation, Sensient Technologies Corporation, Arrow Systems, Inc., Domino Printing Sciences plc, TOYO INK CO., LTD., Epson, Bühler Group
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on the Global Next-Generation Printing Ink Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries, where the Global Next-Generation Printing Ink Market was no exception. With the exponential spread of the virus worldwide, governments of different countries were compelled to impose stringent movement restrictions & lockdowns.

Due to this, the next-generation printing ink market witnessed several unprecedented challenges like disruption in the supply chain, shortage of labor & raw materials, reduced demand & production, & difficulties in supplying pre-produced products. It, consequently, led to the shut-down of the manufacturing units and introduced massive financial losses to the leading players.

However, with the gradual improvement in the pandemic situation, the governments of different countries swiftly began to uplift restrictions and allowed the recommencement of business operations. The market is now regaining its usual momentum while recovering from financial losses and is very likely to create remunerative growth opportunities for the leading players during the forecast period.

Global Next-Generation Printing Ink Market Research Report: Forecast (2021-2026)

Key Trend in the Global Next-Generation Printing Ink Market

  • Emergence of Digital Printing to Create Significant Growth Opportunities for the Market through 2026

The advent of Digital Printing is anticipated to project as a prominent growth opportunity for the Global Next-Generation Printing Ink Market during the forecast period. With the mounting trend of label production & electrophotography, the global market is expecting a significant revolution in the coming years with the surging use of digital printing.

Market Segmentation

Based on the Application:

  • Apparels
  • Publishing & Printing
  • Packaging
  • Building & Construction
  • Cosmetics 

Of them all, the Packaging application dominated the market with the largest share in recent years & is anticipated to prevail the same trend during 2021-26. It owes principally to the rapidly increasing demand for printing inks in packaging different materials & products.

Since packaging is used widely as a strategic way of advertisement to attract customers, numerous manufacturers & leading players are massively investing in elaborative & unique packing solutions, which is fueling the demand for printing inks. Moreover, the stringent norms by governments of many countries worldwide have mandated manufacturers to print prominent details like date of manufacturing & expiry, ingredients, product price, quantity, etc., on the packaging.

Furthermore, the substantially surging demand for next-generation printing inks in the packaging industry is also since these inks have many types and deliver gloss finish, surface protection, and other benefits. Nonetheless, the quick-drying property of these inks is another crucial aspect propelling their demand across the packaging sector.

Based on the Ink-Type:

  • Aqueous Ink
  • Solvent-Based Ink
  • UV-Cured Ink
  • Eco-Solvent Ink
  • Latex-Based Ink

Of them all, Solvent-Based Ink acquired the largest market share in recent years and is anticipated to observe a significant hike during 2021-26. It owes principally to their benefits to reduce Volatile Organic Compounds (VOCs) and enhance the health & safety of the manufacturers & workers working with these inks.

Besides, these materials are more cost-effective and can be used in the formulation of different high-performance & advanced printing systems for better results. Owing to this, several market players are actively investing in solvent-based inks and, in turn, driving the global market.

On the other hand, the demand for Aqueous inks is anticipated to gain momentum in the coming years. These inks are applied using an offset printing process and are used for magazines, brochures, newspapers, plastic, & metals, among others. Moreover, aqueous inks use pigment dispersion technology to spread the ink particles and are easily applied with printing inks.

Nonetheless, UV-Cured Inks are anticipated to gain traction across regions like Europe during the forecast period. It owes principally to their swiftly growing demand in the digital printing sector as well as the packaging sector for labeling & printing requirements. Besides, several countries like Germany, Italy, etc., are actively participating in the market and developing bio-based UV-Curable inks, which shall display a plethora of growth opportunities for the leading market players in the coming years.

Regional Landscape

Geographically, the Global Next-Generation Printing Ink Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of them all, Asia-Pacific is anticipated to dominate the market with the largest share during the forecast period. It owes principally to the massive & swiftly expanding packaging industry across the region, especially in countries like China, thereby displaying immense growth potential for the regional market.

Besides, China is seeking the adoption of rigid, flexible, and paper & board packaging materials & making a positive influence on the packaging industry and, in turn, instigating the demand for printing inks. Moreover, the region is also expecting significant expansion of the textile sector, which, in turn, would contribute to the overall market growth.

China is among the largest producers & exporters of textiles globally, which helps strengthen the region's textile industry & economy. Furthermore, the easy availability of labor & raw materials, hassle-free distribution pipeline, & reduced barriers giving a competitive edge to Asia-Pacific is another crucial aspect driving the Next-Generation Printing Ink Market across the region.

Recent Developments by Leading Players

  • DuPont

In October 2019, market leader DuPont announced the launch of its new ink offerings for the digital textile market at the Kay Bailey Hutchison Convention Center in Dallas, Texas. These inks use innovative pretreatment technology and are designed for roll-to-roll printing to allow a stain-free printing & superior hand feel on cotton & polyester blends.

Market Dynamics:

Key Drivers

  • Swiftly Escalating Demand for Flexible Packaging

The rapid growth in the demand for flexible & unique packaging is also expected to drive the next-generation packaging ink market through 2026. With technological advancements, packaging inks offer benefits like lower inflammability & ease of cleaning. Hence, the use of color printing inks on different surfaces & materials for better appearance, glossy finish, enhanced performance & flow behavior is anticipated to surge the demand for next-generation printing inks substantially in the coming years.

  • Growing Prevalence of Online Shopping Among Young Generation

Next-generation printing inks have extensive applications in the packaging of e-commerce products. Hence, with the surging prevalence of the e-commerce sector owing to the mounting inclination of people, especially the youth, toward online shopping, the demand for packaging inks is projected to rise significantly across the e-commerce sector in the coming years. Besides, with stringent policies by several food regulatory bodies worldwide, manufacturers must print details of the products right from manufacturing & expiration dates, ingredients, price, quantity, etc., on the packaging. As a result, it would also boost the next-generation packaging ink market in the years to come.  

Growth Restraint: Stringent Regulations for Volatile organic compounds (VOCs) Emissions

Since manufacturing printing inks causes Volatile Organic Compounds (VOCs) emissions, the governments of different countries around the world are laying out stringent restrictions to create a safe working environment for the workers and address various concerns associated with the fumes released by these inks into the atmosphere. Hence, this might act as a prominent growth restraint for the Global Next-Generation Printing Ink Market during 2021-26.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the Global Next-Generation Printing Ink Market are 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, Dover Corporation, HP Inc. (Hewlett-Packard), Roland DG Corporation, Sensient Technologies Corporation, Arrow Systems, Inc., Domino Printing Sciences plc, TOYO INK CO., LTD., Epson, Bühler Group

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Next-Generation Printing Ink Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next-Generation Printing Ink Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Next-Generation Printing Ink Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Next-Generation Printing Ink Market study?

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on Global Next-Generation Printing Ink Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Ink Type
      • Aqueous Ink
      • Solvent-Based Ink
      • UV-Cured Ink
      • Eco-Solvent Ink
      • Latex-Based Ink
      • Others (Invisible Ink, Conductive Ink, and Toner)
    • By Printing Technology
      • Inkjet
        • Continuous Inkjet Printing Technology
        • Drop-on-Demand Inkjet Printing Technology
      • Laser
    • By Application
      • By Apparels
        • Direct-to-Garment
        • Roll-to-Roll (Fabric)
        • Publishing and Printing
        • Signage
        • Security and Transactional Printing
        • Others (Books and Magazines)
      • Packaging
        • Signage and Display Graphics
        • Corrugated Packaging
        • Others (Flexible Packaging, Bottles and Cans)
      • Building and Construction
        • Ceramic Tiles
        • Decorative Floors (Laminate Flooring)
        • Others (Decorative Glass, Wallcoverings)
    • Cosmetics
    • Others (Printed Circuit Boards, Automotive, Healthcare, etc.)
    • By Region
      • North America 
        • The US
        • Canada
      • South America 
        • Brazil 
      • Europe 
        • The UK 
        • Germany 
        • France 
      • Asia-Pacific 
        • China
        • South Korea 
        • Japan 
      • The Middle East & Africa 
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Next-Generation Printing Ink Market Hotspots & Opportunities
  • Global Next-Generation Printing Ink Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Next-Generation Printing Ink Market is projected to grow at a CAGR of around 8.24% during 2021-26.

A. The Packaging application is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Next-Generation Printing Ink Market during 2021-26.

A. The rapidly expanding food & beverages industry, growing prevalence of online shopping, and the swiftly escalating packaging industry with flexible printing inks are the prime aspects anticipated to drive the Global Next-Generation Printing Ink Market and generate lucrative growth opportunities for the leading industry players in the coming years.

A. With the betterment in the pandemic situation, several companies are actively investing in the Global Next-Generation Printing Ink Market and seeking product developments to promote their sustainable growth. It, in turn, shall enable the market to expand during the forecast period.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on Global Next-Generation Printing Ink Market
  4. Global Next-Generation Printing Ink Market Trends & Insights
  5. Key Strategic Imperatives for Success and Growth
  6. Global Next-Generation Printing Ink Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Next-Generation Printing Ink Market Hotspots & Opportunities
  8. Global Next-Generation Printing Ink Market Value Chain Analysis
  9. Global Next-Generation Printing Ink Market Supply & Demand Analysis
  10. Global Next-Generation Printing Ink Market Regulations & Policy
  11. Global Next-Generation Printing Ink Market Patent Analysis
  12. Global Next-Generation Printing Ink Market Pricing Analysis
  13. Comparison of Different Types of Inks with its End Use (Quantity Applied with its Ratio)
  14. Global Next-Generation Printing Ink Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Ink Type
        1. Aqueous Ink
        2. Solvent-Based Ink
        3. UV-Cured Ink
        4. Eco-Solvent Ink
        5. Latex-Based Ink
        6. Others (Invisible Ink, Conductive Ink, and Toner)
      2. By Printing Technology
        1. Inkjet
          1. Continuous Inkjet Printing Technology
          2. Drop-on-Demand Inkjet Printing Technology
        2. Laser
      3. By Application
        1. By Apparels
          1. Direct-to-Garment
          2. Roll-to-Roll (Fabric)
        2. Publishing and Printing
          1. Signage
          2. Security and Transactional Printing
          3. Others (Books and Magazines)
        3. Packaging
          1. Signage and Display Graphics
          2. Corrugated Packaging
          3. Others (Flexible Packaging, Bottles and Cans)
        4. Building and Construction
          1. Ceramic Tiles
          2. Decorative Floors (Laminate Flooring)
          3. Others (Decorative Glass, Wallcoverings)
        5. Cosmetics
        6. Others (Printed Circuit Boards, Automotive, Healthcare, etc.)
    3. By Region
      1. North America
      2. South America
      3. Europe
      4. Middle East & Africa
      5. Asia-Pacific
    4. By Competitors
      1. Competition Characteristics
      2. Market Share & Analysis
      3. Competitive Matrix
  15. North America Next-Generation Printing Ink Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Ink Type
      2. By Technology
      3. By Application
      4. By Country
        1. The U.S.
        2. Canada
        3. Mexico
      5. Key Manufacturers & Local Distributors in North America
    3. The U.S. Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    4. Canada Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    5. Mexico Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
  16. South America Next-Generation Printing Ink Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Ink Type
      2. By Technology
      3. By Application
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of Latin America
      5. Key Manufacturers & Local Distributors in Latin America
    3. Brazil Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    4. Argentina Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
  17. Europe Next-Generation Printing Ink Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Ink Type
      2. By Technology
      3. By Application
      4. By Country
        1. The U.K.
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Switzerland
        7. Rest of Europe
      5. Key Manufacturers & Local Distributors in Europe
    3. The U.K. Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    4. Germany Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    5. France Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    6. Italy Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    7. Spain Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    8. Switzerland Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
  18. Middle East & Africa (MEA) Next-Generation Printing Ink Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Ink Type
      2. By Technology
      3. By Application
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. Qatar
        4. Egypt
        5. South Africa
        6. Rest of MEA
      5. Key Manufacturers & Local Distributors in the Middle East & Africa (MEA)
    3. UAE Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    4. Saudi Arabia Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    5. Qatar Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    6. Egypt Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    7. South Africa Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
  19. Asia-Pacific Next-Generation Printing Ink Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Ink Type
      2. By Technology
      3. By Application
      4. By Country
        1. India
        2. China
        3. Japan
        4. South Korea
        5. Rest of Asia-Pacific
      5. Key Manufacturers & Local Distributors in Asia-Pacific
    3. India Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    4. China Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    5. Japan Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
    6. South Korea Next-Generation Printing Ink Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
        2. By Volume
      2. Market Share & Analysis
        1. By Ink Type
        2. By Application
  20. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Mimaki Engineering Co., Ltd.
      2. Altana AG
      3. Kornit Digital Ltd.
      4. DuPont de Nemours, Inc.
      5. Flint Group
      6. DIC Corporation
      7. Huntsman Corporation
      8. Domino Printing Sciences PLC
      9. FUJIFILM Holdings Corporation
      10. Memjet
      11. Sakata INX Corporation
      12. Dover Corporation
      13. HP Inc. (Hewlett-Packard)
      14. Roland DG Corporation
      15. Sensient Technologies Corporation
      16. Arrow Systems, Inc.
      17. Domino Printing Sciences plc
      18. TOYO INK CO., LTD.
      19. Epson
      20. Bühler Group
  21. Disclaimer
Global Next Generation Printing Ink Market Segmentation