The Oil-Based Printing Inks Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Oil-Based Printing Inks Global Market Report 2024, The oil-based printing inks market size has grown steadily in recent years. It will grow from $11.94 billion in 2023 to $12.47 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to printing industry growth, quality and durability, versatility, color intensity.
The oil-based printing inks market size is expected to see steady growth in the next few years. It will grow to $14.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to sustainability and environmental concerns, digital printing integration, flexible packaging growth, specialty applications. Major trends in the forecast period include water-based oil inks, uv-curable oil inks, personalization and variable data printing, recyclability and circular economy.
The demand for environmentally friendly inks is increasing and it is expected to drive the oil-based printing ink market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks, have been banned due to an explosion and fire that occurred in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks, which can be used as a substitute for petroleum and chemical-based inks and are produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, in October 2022, INX International, a global manufacturer of high-performance printing inks and coatings, displayed and demonstrated its environmentally friendly inks at the PRINTING United Expo. In addition, Mojoprint, which is Japan’s number one English-language printing service company, uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks. Thus, the demand for environmentally friendly inks will drive the oil-based printing ink market.
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The oil-based printing inks market covered in this report is segmented –
1) By Type: Vegetable Oil-Based Printing Inks; Mineral Oil-Based Printing Inks
2) By Application: Marking and Coding; Package Printing; Signage
3) By End User Industry: Packaging; Print Media; Commercial Printing; Other End-Use Industries
The oil-based printing inks market report table of contents includes:
- Executive Summary
- Oil-Based Printing Inks Market Characteristics
- Oil-Based Printing Inks Market Trends And Strategies
- Oil-Based Printing Inks Market – Macro Economic Scenario
- Global Oil-Based Printing Inks Market Size and Growth
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- Global Oil-Based Printing Inks Market Competitive Benchmarking
- Global Oil-Based Printing Inks Market Competitive Dashboard
- Key Mergers And Acquisitions In The Oil-Based Printing Inks Market
- Oil-Based Printing Inks Market Future Outlook and Potential Analysis
- Appendix
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