The USA Continuous Inkjet Ink Market Thrives Due to Updated FDA Nutrition Labeling Requirement. The U.S. continuous inkjet ink industry is experiencing significant growth, and one key driver is the recent update to the Nutrition Fact Label by the U.S. Food and Drug Administration (FDA). This regulatory change mandates that manufacturers of food and beverages provide detailed nutritional information on their product packaging, including facts about calories, total fat, and protein per package. To ensure consumers are well-informed about their dietary choices, educational campaigns like “The New Nutrition Facts Label” have been launched.
These regulatory requirements are having a direct and positive impact on the U.S. continuous inkjet ink market. Given the extensive presence of numerous food and beverage manufacturers and a large number of manufacturing industries utilizing continuous inkjet printers for their printing operations in the United States, the country has emerged as the largest market for continuous inkjet inks in North America. Consequently, it is anticipated that the U.S. will maintain an 88% market share in the North American continuous inkjet ink market in 2022.
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The global continuous inkjet ink market is undergoing remarkable growth, with an estimated value of US$ 337.6 million in 2022, and a projected valuation of US$ 488.6 million by 2030. This expansion is attributed to a substantial Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2030. According to a recent industry survey by FMI, the demand for continuous inkjet inks is surging, driven by the increasing adoption of printers across various end-user industries. Consequently, the sales of continuous inkjet inks are expected to grow by 1.4 times between 2022 and 2030.
In the realm of ink types, water-based inks emerge as the most widely used ink type globally, holding nearly half of the industry share in the global continuous inkjet ink market in 2022.
When considering end-user industries, the food sector stands out as the largest, accounting for approximately 2/5th of total continuous inkjet ink sales worldwide in 2022.
Regionally, East Asia takes the lead, projected to be the largest market for continuous inkjet inks in comparison to other regions across the globe. In 2022, East Asia is estimated to account for 24% of total global sales of continuous inkjet inks, and this share is expected to grow to 27% by the year 2030. These dynamics reflect the growing significance of continuous inkjet inks across industries and regions, driven by printer proliferation and evolving ink preferences.
The study examines market share, demand, growth patterns, and forecasts for the next few years. The research includes unique aspects that could have a significant impact on the industry’s development throughout the projection period. A complete market dashboard is depicted, allowing users to examine detailed information about the study.
In comparison to the rest of the world, the East Asian area is expected to have the greatest market for continuous inkjet inks. East Asia is expected to account for 24% of total global sales of continuous inkjet inks in 2022, rising to 27% by 2030. The global continuous inkjet inks industry is estimated at US$ 337.6 Mn in 2022 and is projected to reach US$ 488.6 Mn by 2030, at a CAGR of 4.7% from 2022 to 2030.
Key Takeaways of Continuous Inkjet Inks Industry Study
- The food industry to be the key end-user of continuous inkjet inks as it is poised to account for 39.8% of the global market by 2030
- Glass as a substrate is anticipated to register a CAGR of 6.1% during the forecast period 2022-2030
- Water-based inks are estimated to account for nearly half of the global industry and reach slightly over US$ 220 Mn in 2030.
- East Asia is estimated to have an incremental opportunity of US$ 61.5 Mn by 2030 with the presence of a large number of ink manufacturers
- North America is projected to grow by 1.4X during 2022-2030. Absolute $ Opportunity in the North American industry is forecasted to be US $ 28 Mn during 2022-2030.
- The pharmaceuticals segment amongst the other end-use industries estimated to account for 22.9% of the market share.
“Manufacturers are coming up with ink solutions such as UV curable inks for the inkjet printers. This would enhance the print quality and prevent it from degrading due to UV rays. The UV curable inks also provide enhanced life to the inkjet printers. This has led to attracting customers who prefer packaging with rigid substrates such as wood, plastic, and aluminium” says an FMI analyst.
Reduced Carbon Footprint to win Water-based Inks Steady Demand
Lately, consumers and brand owners have become more conscious of their carbon footprint. This has given an edge to the water-based inks segment when compared to the other ink types which are a mixture of PVC resin and plasticiser. Water-based inks are free from ozone depleting chemicals and hydrocarbons, which is making them popular in an environment-conscious world. Since, water-based inks are free from harmful chemicals, they extend the life of the printers, thus reducing the maintenance cycles and costs.
These inks also result in improved printability as water-based-inks soak into the substrate, which makes them enhance elaborate details of design and lettering on printed products. As brands are becoming more deliberate in choosing the right ink for product packaging, this segment is projected to witness a steady growth. The segment also stands to benefit with the food and beverage brand opting for water-based inks due to their food-safe, odor-free and nontoxic attributes.
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Market by Category
By Substrate:
- Paper
- Paper & Paperboard
- Cardboard
- Plastic Sheets
- Glass
- Metal
- Others (Fabrics, etc.)
By Ink Type:
- Aqueous / Water-based Inks
- Dye based
- Pigment Based
- Solvent-based Inks
- UV curable Inks
- Phase Change ink/ Hot Melt Inks
By End Use:
- Food
- Beverage
- Pharmaceuticals
- Electronical & Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
Impact of COVID-19 on Continuous Inkjet Inks market
The businesses across the globe are experiencing losses and challenges due to global pandemic COVID-19. Regionally, the United States accounts for a significant consumption of continuous inkjet inks. However, the debilitating impact of COVID-19 on this region has slowed down packaging activities, impacting the sales of inks.
Europe is the second-most affected region by coronavirus outbreak and the second-largest consumer of continuous inkjet ink. Italy, Spain, France, Germany and United Kingdom being the most effected countries are set to experience sluggish growth till situation gets in control. However, disruptions in import-export due to pandemic situation have decreased the availability of raw material supply which is a biggest challenge for manufacturers.
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Continuous Inkjet Inks Market Landscape
Linx Printing Technologies, Eastman Kodak Company, Sun Chemical and Videojet Technologies, Inc. are the top players in the Continuous Inkjet Inks market. Furthermore, Kao Collins Corporation, IIMAK, Tritron GmbH, Needham Inc, Jet Inks Private Limited, Palco Industrial Marking & Labeling, Inc., Printjet USA and Squid Inks are prominent players in the Continuous Inkjet Inks market. The Tier 3 players in the market hold 40-55% in the global Continuous Inkjet Inks market. In conclusion, key players contribute almost 1/4th of the global market
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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