Global Ink Resin market growth 2024, Forecast To 2033
2 Feb, 2024
The ink resin market has demonstrated rapid growth, increasing from $4.13 billion in 2023 to $4.58 billion in 2024, with a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period is attributed to the expansion of the printing industry, increased demand in the packaging sector, stricter environmental regulations, the expansion of inkjet printing, and increased demand in the flexographic printing sector. Moving forward to 2028, the market is expected to see rapid growth, reaching $7.05 billion, maintaining an 11.4% CAGR. The anticipated growth in the forecast period can be linked to increasing regulatory changes, rising demand for e-commerce packaging, the growing healthcare and pharmaceutical packaging sectors, increased use of specialty inks, and the adoption of 3D printing inks. Major trends in the forecast period include the use of water-based ink resins, UV-curable inks, low-VOC formulations, hybrid ink technologies, and the adoption of bio-based resins.
Global Ink Resin Market Key Driver
The ink resins market is driven by the increase in consumer spending and online shopping. E-commerce enterprises prioritize high-quality packaging to protect goods during shipping. Oberlo reports 2.14 billion digital purchasers in 2021, representing 27.6% of the global population. With a projected increase to 266.7 million digital buyers in the United States in 2022, the ink resins market benefits from the growing trend of consumer spending and online shopping.
Get A Free Sample Of The Global Ink Resin Market ReportGlobal Ink Resin Market Segments
The global ink resin market covered in this report is segmented –
1) By Resin Type: Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, Other Resin Types,
2) By Technology: Oil-Based, Solvent-Based, Water-Based, UV-curable-Based,
3) By Printing Process: Lithography, Gravure, Flexography, Other Printing Processes,
4) By Application: Printing And Publication, Flexible Packaging, Corrugated Cardboard And Cartons, Other Applications,
By Geography: The regions covered in the Ink Resin market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Ink Resin Industry Players
Lawter Inc., Evonik Industries AG, Kraton Corporation, Arakawa Chemical Industries Ltd., Arizona Chemical, DIC Corporation, Flint Group, Kimix Chemical Co. Ltd., Royal Dutch Shell, Sun Chemical, Hubergroup, PolyOne Corporation, Siegwerk Druckfarben AG & Co. KGaA, ALTANA AG, Nippon Carbide Industries, Ercros S.A., Zeller+Gmelin Corporation, Hydrite Chemical Co., Rahn AG, Aal Chem, SICPA Holding SA, Fuzion Technologies Inc., Rütgers Organics GmbH, Eternal Materials Co. Ltd., IMERYS S.A., Technovinyl Polymers India Ltd., Aapico Hitech Public Company Limited
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Ink Resin Market Overview
Ink resins refer to a type of material, either solid or semi-solid, that is used to make inks by mixing them with additives, solvents, and pigments. Ink resins are used in printing inks to control viscosity, improve pigment wetting, and boost pigment adhesion properties. Ink resins are used as a printing ink binder in ink vehicles that help to assist the ink pigment in adhering to the substrate.
Ink Resin Global Market Report 2023 provides data on the global ink resin market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ink resin market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.