Ink Additives Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Ink Additives Market Analysis
The market for ink additives is expected to register a CAGR of over 5 %, globally, during the forecast period. Growing demand from the packaging industry and increasing demand from the e-commerce industry are driving the market's growth. On the flip side, environmental restrictions, growing digital marketing, and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The ink additives market is expected to grow during the forecast period, owing to the increasing demand from the packaging industry.
- Asia-Pacific represents the largest market. The region is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
Ink Additives Market Trends
This section covers the major market trends shaping the Ink Additives Market according to our research experts:
Increasing Demand from the Packaging Industry
- Ink additives are used in the formulation of inks to improve characteristics and ease of printing, which are widely used in the packaging industry. The demand for ink additives is expected to grow rapidly during the forecast period.
- The print on the packaging attracts the customers and drives the sales of the products. Ink additives impart gloss, transparency, uniform color, contrast, and aesthetics. The packaging industry is majorly fueled by the growing e-commerce and food packaging industry, which occupies the majority of the share in the packaging industry.
- Europe is home for the second-largest packaging industry after China, and it accounted for a global share of about 20% in 2019. The European packaging industry was valued at over EUR 200 billion in 2019, and it is expected to grow during the forecast period, owing to the use of bio-based plastics in packaging and corrugated boxes in the e-commerce industry.
- In food packaging, ink additives are used for the printing of foils, flexible films, tissues, and wrapping papers. In flexible packaging, they are used for printing on paper and plastic bags. Moreover, in corrugated packaging, these additives make colors look vibrant and prevent rub-off. The use of corrugated boxes in e-commerce, along with the growing use of flexible and food packaging, is expected to drive the market.
- The increasing demand for ink additives for printing in the packaging industry is expected to drive the market during the forecast period.
The Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for ink additives during the forecast period, as a result of the increasing demand from the packaging industry in countries, like India and China.
- India's packaging industry is the fifth-largest in the world, and it is growing at about 22-25% per year, as per the Plastics Industry Association of India. Costs of packaging and processes food can be 40% lower than Europe, due to highly skilled labor and cheap labor costs. The growing population and increasing demand for packaging are expected to drive the market. The growing demand for food packaging, processed food, and food delivery partners in the countries is likely to boost the market for ink additives.
- The growing demand for e-commerce in China and India is expected to drive the market for ink additives during the forecast period. China's e-commerce market is dominated by Alibaba, with a market share of around 59%. The company's annual revenue in FY 2019 grew by 51% year-on-year, and the growing e-commerce industry, which relies on packaging, is expected to drive the market during the forecast period.
- The Indian e-commerce industry is expected to reach USD 120 billion by 2020. The increasing penetration of the Internet and the change in government policies allowing 100% foreign direct investments in the e-commerce sector are expected to boost the market.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for ink additives in the Asia-Pacific region during the forecast period.
Ink Additives Industry Overview
The ink additives market is partially fragmented, with players accounting for a marginal share of the market. Few companies include Evonik, BYK-Chemie GmbH, ELEMENTIS PLC, BASF SE, and Solvay.
Ink Additives Market Leaders
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Evonik
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BYK-Chemie GmbH
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ELEMENTIS PLC
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BASF SE
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Solvay
*Disclaimer: Major Players sorted in no particular order
Ink Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Packaging Industry
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4.1.2 Increasing Demand from E-commerce Industry
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4.2 Restraints
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4.2.1 Environmental Restrictions and Growing Digital Marketing
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4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Additive Type
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5.1.1 Dispersing and Wetting Agents
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5.1.2 Defoamers
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5.1.3 Slip and Leveling Materials
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5.1.4 Rheological Modifiers
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5.1.5 Other Additive Types
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5.2 Technology
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5.2.1 Water-based
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5.2.2 Solvent-based
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5.2.3 UV Curable
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5.2.4 Other Technologies
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5.3 Printing Process Type
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5.3.1 Lithographic
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5.3.2 Flexographic
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5.3.3 Digital
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5.3.4 Gravure
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5.3.5 Other Printing Process Types
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5.4 Application
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5.4.1 Packaging
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5.4.1.1 Corrugated
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5.4.1.2 Flexible
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5.4.1.3 Food
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5.4.2 Printing
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5.4.2.1 Ceramics
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5.4.2.2 Glass
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5.4.2.3 Paper
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5.4.2.4 Plastics
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5.4.3 Other Applications
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5.5 Geography
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5.5.1 Asia-Pacific
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5.5.1.1 China
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5.5.1.2 India
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5.5.1.3 Japan
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5.5.1.4 South Korea
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5.5.1.5 Rest of Asia-Pacific
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5.5.2 North America
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5.5.2.1 United States
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5.5.2.2 Canada
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5.5.2.3 Mexico
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5.5.3 Europe
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5.5.3.1 Germany
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5.5.3.2 United Kingdom
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5.5.3.3 Italy
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5.5.3.4 France
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5.5.3.5 Rest of Europe
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5.5.4 South America
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5.5.4.1 Brazil
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5.5.4.2 Argentina
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5.5.4.3 Rest of South America
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5.5.5 Middle-East and Africa
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5.5.5.1 Saudi Arabia
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5.5.5.2 South Africa
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5.5.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 BYK-Chemie GmbH
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6.4.3 Dorf Ketal
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6.4.4 Dow
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6.4.5 ELEMENTIS PLC
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6.4.6 Evonik
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6.4.7 HUBER GmbH
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6.4.8 K-TECH (INDIA) PVT. LTD
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6.4.9 Solvay
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6.4.10 The Lubrizol Corporation
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6.4.11 Toyo Printing Inks Inc.
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6.4.12 Venator Materials PLC
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand for Bio-degradable and Eco-friendly Ink Additives
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7.2 Other Opportunities
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Ink Additives Industry Segmentation
The scope of the ink additives market report includes:
Additive Type | |
Dispersing and Wetting Agents | |
Defoamers | |
Slip and Leveling Materials | |
Rheological Modifiers | |
Other Additive Types |
Technology | |
Water-based | |
Solvent-based | |
UV Curable | |
Other Technologies |
Printing Process Type | |
Lithographic | |
Flexographic | |
Digital | |
Gravure | |
Other Printing Process Types |
Application | ||||||
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Other Applications |
Geography | |||||||
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Ink Additives Market Research FAQs
What is the current Ink Additives Market size?
The Ink Additives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Ink Additives Market?
Evonik, BYK-Chemie GmbH, ELEMENTIS PLC, BASF SE and Solvay are the major companies operating in the Ink Additives Market.
Which is the fastest growing region in Ink Additives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ink Additives Market?
In 2024, the Asia Pacific accounts for the largest market share in Ink Additives Market.
What years does this Ink Additives Market cover?
The report covers the Ink Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ink Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ink Additives Industry Report
Statistics for the 2024 Ink Additives market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Ink Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.