- The value of the water-based ink market is expected to grow at a CAGR of 5.6% for 2022–27, overshadowing solvent inks at 1.3%
- By volume, solvent-based printing will witness a growth rate of 1.9% from 2022–27, while water-based can expect a growth rate of 3.1% for the same period
- The total market for inks of all technologies is forecast to reach $32.9 billion in 2027, representing a 1.8% CAGR.
Growth over the review period has been affected by the combined effects of the Covid-19 pandemic and the conflict in Ukraine. Increasing energy costs and raw material shortages have resulted in mandatory price increases for many inks across most technologies and market segments, which has had the effect of increasing the overall value of the inks market. This effect is most acute in the middle years of the review period and the impact on ink pricing is forecast to reduce in the five years to 2027, during which more normal competitive pressures will resume and some degree of price erosion will occur.
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What will you discover?
- The technology driving the industry and its subsequent impact on solvent- and water-based inks and printing
- In-depth analysis of the competitive landscape and various print processes
- Exploration into the different end-uses and how the market for each is expected to change over the next five years
- The reasons for transition from solvent-based to water-based inks where this is taking place, and the reasons why this will be limited in some markets and printing technologies.
Who should buy this report?
- This report covers solvent-, water-, oil-based and radiation curing technologies
- The principal ink technologies are reviewed and the reason for their use in key market segments is detailed
- There is a particular focus on any transition from solvent-based to water-based printing technology where this is feasible and desirable, and the report highlights the reasons for selection of a particular ink technology together with key benefits and limitations of each technology reviewed.
The Smithers methodology
- Ink manufacturers
- Raw materials manufacturers
- Equipment suppliers
- Packaging converters
- Industry analysts and researchers
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with ink suppliers, print service providers and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
About the author
Jon Harper Smith has nearly 40 years’ experience in the printing industry through his time working with Fujifilm and has extensive experience of industrial and package printing businesses with particular focus on industrial inkjet and flexo processes. He has a proven ability to develop complex cross border businesses involving the provision of highly technical products that meet strict end user specifications.