Global Printing Inks and India Inkjet Printer Market is Set for Steady Growth by 2029
08 March 2025: Akil Contractor, MD, Founder & Chief Innovator, Print Dynamic, who is also a Well-Known Poet, Provides Perspectives on Growth Expectations Going Forward as well as Challenges and Opportunities The Printing Inks Market size is estimated at USD 18.04 billion in 2024, and is expected to reach USD 20.60 billion by 2029, growing at a CAGR of 2.69% during the forecast period (2024-2029).
Due to the COVID-19 impact in 2020, various manufacturing plants were shut down, and the demand for packaging has declined. Thus, this affected the consumption of printing inks in the packaging sector. However, the food and beverage industry started recovering and has shown a positive impact. In 2021 the industry was in the recovery process and the manufacturers overcame many challenges that the pandemic created.
• In the short term, the major factors such as growing demand from the digital printing industry and the rising demand from the packaging and labels sector are expected to drive the market’s growth.
• On the flip side, a decline in the conventional commercial printing industry, and stringent regulations regarding disposal are expected to hinder the growth of the market studied.
• Nevertheless, the emergence of bio-based and UV-curable Inks is likely to create lucrative growth opportunities for the global market soon.
• Asia-Pacific dominated the market across the world, with the largest consumption from China.
In India Specifically
The India Inkjet Printer Market size is estimated at USD 45.54 billion in 2024, and is expected to reach USD 56.78 billion by 2029, at a CAGR of 4.51% during the forecast period (2024-2029).
Inkjet printers, known for their superior colour blending capabilities, consistently outshine their laser counterparts. Not only do inkjet printers come with a lower initial price tag, but their ink cartridges are also significantly cheaper than toner cartridges. As markets evolve and consumer preferences shift, brand owners and label converters increasingly turn to inkjet printing, aligning with modern demands for swift availability and personalised offerings.
The India printing inks market is set to grow due to several driving factors. The expansion of industries like packaging, publishing, and textiles fuels the demand for printing inks. The growth of the e-commerce sector further contributes to packaging and labelling requirements.
Additionally, advancements in printing technology and the need for high-quality, vibrant and durable prints support the adoption of specialized inks. Challenges like environmental concerns related to ink components and regulatory compliance could influence market dynamics.
The printing inks market in India caters to packaging, publishing, and textiles. Challenges include developing environmentally friendly inks, ensuring print quality, and addressing regulatory standards. The industry needs to innovate in ink formulations and prioritize sustainable practices.
We foresee good times ahead and look forward to further major innovations from the large and small companies, which will help towards lower costs, better functionality and print output and heightened success at sustainability targets which are now a worldwide concern.
About my pet subject CHROMISM, I would like to share two further chromic phenomena which have also inspired stimulus inks for creating a colour change to serve as indicator inks.
TRIBOCHROMISM – a colour change in a material caused by mechanical friction akin to piezochromism which is a colour change caused by the action of pressure. Some materials have this natural property whereas for suitability in inks certain pigmentary products have been synthesized and formulated similar to thermochromic materials – this chromic phenomenon is also often labelled as mechanochromism.
Application of Tribochromatic materials is mainly in sensors where friction has to be detected. These materials generally change colour under mechanical stress conditions whereby the colour gradually fades once the stress is removed – so classifies as a reversible effect.
SOLVATOCHROMISM – a phenomenon observed when the colour of a solution is different when the solute is dissolved in different solvents.
This is enabled because the absorption and emission spectrum of a substance varies when dissolved in different solvents mainly due to differing solvent polarity the dielectric constant and hydrogen bonding capacity. For example a chemical can create a red solution in acetone and red in toluene and can accordingly be used as an authentication tool in security inks application. There is negative and positive solvatochromism and is an exciting field of study to create specific tailor-made inks and coatings.
I will end this article with an appropriate couplet :
RAHO BEQARAAR HAMESHAA KUCH AISAA KARNE KO KE KHUD KE ALAAWA AURO KO QARAAR MIL JAAYE
(Be restless and anxious always to do something which gives relief not only to yourself but also to others).
E Mail: akil_contractor@yahoo.com
