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Offset Ink Market Size
Offset Ink Market is poised to register significant revenue gains from 2024 to 2032 driven by increasing demand for high-quality and vibrant printing in various industries, including packaging, publishing, and advertising. O can deliver sharp and detailed prints, making them essential for applications where visual appeal and color precision are important.
Additionally, the versatility of offset inks in printing on diverse substrates, such as paper, cardboard, and plastics, caters to the wide-ranging needs of different sectors, contributing to the overall market expansion.
Offset Ink Market Trends
The growing environmental consciousness encourages manufacturers develop offset inks with reduced volatile organic compounds (VOCs) and eco- friendly pigments. Additionally, there is a rising demand for UV-curable products, driven by their quick drying times, enhanced durability, and reduced environmental impact. There is an integration of digital technologies, contributing to increased efficiency, shorter print runs, and personalized printing options. In October 2023, InkTec expanded its product range by introducing a new UV direct-to-film (DTF) printer. All these trends create a conducive environment for future market growth.
Offset Ink Market Analysis
Based on product, sheetfed segment is expected to record a decent growth through 2032, favored by the versatility and suitability for various printing applications. The product offers advantages such as precise color reproduction, high-quality prints, and the ability to handle a diverse range of substrates, making it ideal for packaging, commercial printing, and promotional materials. Additionally, the sheetfed process enables for shorter print runs and quicker job changeovers.
Speaking of end-use scope, food and medicine packaging segment is slated to hold sizeable share by 2032, owing to the ongoing innovations of novel offset inks to address the changing requirements in packaging. For instance, in February 2023, Hubergroup Print Solutions launched the first oldest and heatset inks for food-compliant paper packaging. There is an increasing adoption of essential pharmaceutical products and foods, coupled with the ongoing demand for highly specific packaging properties to preserve and maintain product quality, favoring the segment growth.
North America offset ink industry is anticipated to register significant revenue gains over 2024 and 2032, driven by the robust print publishing sector. The need for vibrant and sharp prints, particularly in the packaging sector, and the rising preference for sustainable and eco-friendly printing solutions amplifies the demand for environmentally responsible offset ink formulations. As per the data from the U.S. Department of Agriculture (USDA), the United States shipped a cumulative 11 million metric tons of processed food products valued at over USD 34 billion in the year 2021. The increasing export bolster the demand for offset ink for packaging, favoring the region market growth.
Offset Ink Market Share
Some renowned companies in the offset ink industry include:
- Fujifilm
- T&K Toka
- Flint Group
- Sakata Inx
- DIC Corporation
- Huber Group
- Dainichiseika Color
- Yip’s Chemical
- Toyo Ink
- Sicpa
- Chemicals
- Siegwerk
These competitors are mainly focusing on the development of new products and the expansion of their manufacturing units to boost their market presence.
Offset Ink Industry News
- In October 2021, Flint Group, a prominent global provider of print consumables, announced the introduction of Flint Offset Packaging Solutions, a new division that aligned the way to promote for sheetfed inks, press room chemicals, and printing blankets.