Location >> Overview of the Asian Ink Market
Date：2025-03-10
Driven by economic growth in China, India and other key countries, the Asia-Pacific region continues to grow at a fast pace, and is poised to become the largest region in terms of printing ink.
The $14.5 billion printing ink market is roughly split evenly between North America, Europe and Asia-Pacific. While the North American and European sales have flattened out, the Asia-Pacific region continues to grow at a fast pace, and should soon become the largest region in terms of ink consumption, driven by economic growth in China, India and other key countries.
Ink Market Overview:
Ink is a vital component in the printing industry and contributes significantly to reproducing images and information on various surfaces, from paper and fabric to other specialized materials. The ink market is highly diverse in terms of types (solvent-based, water-based, oil-based, UV, UV-LED, and other ink types), printing processes (digital printing, flexographic printing, gravure printing, lithography, and other processes), applications (textile, packaging, commercial and publication, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).
Ink Market Analysis:
The ink market is expected to witness substantial growth in the future, with the market size increasing from $17.57 billion in 2023 to $20.06 billion in 2028. The Compound Annual Growth Rate (CAGR) for the forecast period from 2023 to 2028 is 2.69%.
The increasing demand in the packaging industry contributes to the demand for ink. According to the Packaging Machinery Manufacturers Institute (PMMI), the global packaging industry is expected to reach $42.2 billion in 2021, given the growing population and increasing focus on sustainability. Digital printing is becoming a crucial tool in label and packaging production. The packaging industry is expected to undergo significant changes as digital printing applications continue to develop and expand, especially in corrugated packaging, flexible packaging, and folding cartons.
China Leads the Asia-Pacific Ink Market:
China plays a significant role in the dominance of the Asia-Pacific ink market. With a rapidly growing construction sector and high demand for interior décor, China is the world’s largest manufacturing and exporting economy. China has a substantial need for packaging, especially in the packaging and textile industries, creating favorable conditions for the ink market’s development.
In conclusion, the ink market is displaying promising prospects due to the increasing demand from the packaging and digital printing industries. In the context of growth in related industries, such as food and beverages and textiles, the ink market has the potential for significant growth in the coming years.
✍Source：https://www.mordorintelligence.com/vi/industry-reports/printing-inks-market