The specialty ink market size was valued at USD 344.1 million in 2023 and is expected to reach the market size of USD 572.9 million by 2032, at a CAGR of 5.8%.
FORT COLLINS, Colo., April 28, 2024 (Globe Newswire) —
Rising demand for packaging and labels is driving industry growth.
of Specialty ink market is experiencing impressive growth due to the increasing demand for packaging and labels. The surge in e-commerce activity and the need for visually appealing, informative, and long-lasting packaging solutions are driving the adoption of specialty inks. Variations in the specialty category, such as UV-curable and water-based inks, offer superior print quality, adhesion, and durability, making them ideal for a variety of packaging applications, from flexible packaging and labels to folding cartons.
The specialty ink market is seeing a surge of new opportunities in emerging areas such as printed electronics, smart packaging, and 3D printing. For example, conductive inks are gaining attention for applications in printed circuits, RFID tags, and wearable electronics. Similarly, the incorporation of specialty inks such as temperature- and gas-sensing inks into smart packaging solutions paves the way for market expansion.
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Segmentation overview:
The specialty ink market is segmented into type, application, technology, and region.
The conductive ink segment accounts for the largest segment in the specialty ink market.
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In 2023, the conductive ink segment is expected to hold the largest market share within the specialty ink market. Conductive inks are used in a wide variety of applications in the growing printed electronics industry, including manufacturing RFID tags, smart packaging, flexible circuits, and wearable electronics.
Printing and publishing sector will account for significant market share in 2023
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Based on market segmentation by application, the printing and publishing segment is expected to hold the largest market share by application in the specialty ink market in 2023. The printing and publishing industry includes a wide range of applications such as books, magazines, newspapers, catalogs, and commercial printing.
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Specialty Ink Market Report Highlights:
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Prominent players in the specialty ink market report include Sun Chemical, DIC Corporation, Toyo Ink, Siegwerk, Flint Group, Huber Group, INX International Ink Co., Nazdar, T&K Toka, Fujifilm Specialty Ink Systems, Marabu, Kao Collins will appear.
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