UV Cured Printing Inks Market Insights: Size, Share, Growth Analysis & Forecast (2024-2029)
The market report provided a comprehensive analysis segmented by Type (Arc Curing, LED Curing); by Ink Type (Free Radical, Cationic); by Application (Flexographic, Gravure Printing, Offset Printing, Digital Printing, Screen Printing); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The UV cured printing inks market is estimated to be at USD 2,625.75 Mn in 2024 and is anticipated to reach USD 3,954.52 Mn in 2029.
- The UV cured printing inks market is registering a CAGR of 8.53% during the forecast period of 2024-2029.
- The growth of the global UV cured printing inks market is primarily driven by increasing demand in the packaging, labeling, and automotive industries due to their quick curing times and environmentally friendly properties.
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Ecosystem
- The participants in the global UV cured printing inks industry are driving innovation and expanding their portfolios to cater to the growing demand for UV cured inks in the packaging, electronics, and automotive industries.
- These companies primarily focus on product development and innovation, along with mergers and acquisition activities, as companies look to expand their capabilities and geographic reach.
- Several important entities in the UV cured printing inks market include DIC India Ltd.; Artience Co., Ltd.; T&K Toka Co., Ltd.; Flint Group; INX International Ink Co.; and others.
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Findings
| Attributes | Values |
|---|---|
| Historical Period | 2018-2022 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Market Size (2024) | USD 2,625.75 Mn |
| Market Size (2029) | USD 3,954.52 Mn |
| Growth Rate | 8.53% CAGR from 2024 to 2029 |
| Key Segments | Type (Arc Curing, LED Curing); Ink Type (Free Radical, Cationic); Application (Flexographic, Gravure Printing, Offset Printing, Digital Printing, Screen Printing); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | DIC India Ltd.; Artience Co., Ltd.; T&K Toka Co., Ltd.; Flint Group; INX International Ink Co. |
| Key Countries | The US; Canada; China; India; Japan; Brazil; The UK; Germany; Italy; France; Saudi Arabia; South Africa |
| Largest Market | Asia Pacific |
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Trends
- Advancements in High-Resolution Printing: There has been significant innovation in high-resolution UV cured inks for commercial and industrial printing. In 2023, HP launched a new range of UV cured inks that provide higher print resolutions, catering to the expanding needs of the digital printing industry.
- Customization in Label Printing: Personalized and customized label printing has gained popularity, especially in the food and beverage industries. In 2023, Coca-Cola launched a special campaign using UV cured inks for customizable bottle labels, which helped its customers get more linked with the products and have their own custom labels.
- Demand for Sustainable Packaging: The growing environmental awareness among consumers and regulatory pressures have accelerated the demand for sustainable packaging solutions. In 2023, several major brands, including Unilever and Procter & Gamble, shifted towards using UV cured inks for their packaging to reduce environmental impact.
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Catalysts
- Eco Friendly Properties: UV cured inks are free from volatile organic compounds (VOCs), making them environmentally friendly. This has attracted industries seeking sustainable alternatives to traditional solvent-based inks. In 2023, government initiatives in Europe promoted the use of eco-friendly UV cured inks, leading to their increased adoption in the region.
- Stringent Environmental Regulations: Government regulations to reduce the environmental impact of printing processes are driving the adoption of UV cured inks. In 2023, the European Union implemented stricter rules for VOC emissions, prompting many printing companies to switch to UV cured inks as a compliant solution.
- Fast Curing Time: UV cured printing inks offer rapid curing, which improves production efficiency. In 2023, a leading global packaging firm, Amcor, reported a 30% increase in production speed after transitioning to UV cured inks for their flexible packaging solutions.
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Restraints
- Limited Compatibility: UV cured inks are not compatible with all types of substrates, particularly certain types of plastics and metals. In 2023, packaging companies in Southeast Asia reported issues with ink adhesion on non-porous substrates, which limited their broader adoption of specific packaging solutions.
- Limited Raw Materials: The availability of specific photo initiators, which are essential components of UV cured inks, has been inconsistent due to supply chain disruptions. In 2023, disruptions caused by geopolitical tensions in Europe led to a 15% increase in raw material costs for UV cured ink manufacturers.
- Environmental Impact: While UV cured inks are eco-friendly, the UV lamps used for curing them have a high energy consumption and can emit ozone, which contributes to environmental concerns. In 2023, regulatory bodies in North America expressed concerns about the carbon footprint of UV curing systems, pushing for more energy-efficient alternatives.
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Table of Contents
| 1.       Introduction 1.1.    Research Methodology 1.2.    Scope of the Study 2.       Market Overview / Executive Summary 2.1.    Global UV Cured Printing Inks Market (2018 – 2022) 2.2.    Global UV Cured Printing Inks Market (2023 – 2029) 3.       Market Segmentation 3.1.    Global UV Cured Printing Inks Market by Type 3.1.1. Arc Curing 3.1.2. LED Curing 3.2.    Global UV Cured Printing Inks Market by Ink Type 3.2.1. Free Radical 3.2.2. Cationic 3.3.    Global UV Cured Printing Inks Market by Application 3.3.1. Flexographic 3.3.2. Gravure Printing 3.3.3. Offset Printing 3.3.4. Digital Printing 3.3.5. Screen Printing 4.       Regional Segmentation 4.1.    North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2.    South America 4.2.1. Brazil 4.2.2. Argentina 4.2.3. Colombia 4.2.4. Chile 4.2.5. Rest of South America 4.3.    Asia Pacific 4.3.1. China 4.3.2. India 4.3.3. Japan 4.3.4. South Korea 4.3.5. Rest of Asia Pacific 4.4.    Europe 4.4.1. The UK 4.4.2. Germany 4.4.3. Italy 4.4.4. France 4.4.5. Spain 4.4.6. Rest of Europe 4.5.    The Middle East 4.5.1. Turkey 4.5.2. UAE 4.5.3. Saudi Arabia 4.5.4. Rest of the Middle East 4.6.    Africa 4.6.1. Egypt 4.6.2. South Africa 4.6.3. Rest of Africa 5.       Value Chain Analysis of the Global UV Cured Printing Inks Market 6.       Porter Five Forces Analysis 6.1.    Threats of New Entrants 6.2.    Threats of Substitutes 6.3.    Bargaining Power of Buyers 6.4.    Bargaining Power of Suppliers 6.5.    Competition in the Industry 7.       Trends, Drivers and Challenges Analysis 7.1.    Market Trends 7.1.1.    Market Trend 1 7.1.2.    Market Trend 2 7.1.3.    Market Trend 3 7.2.    Market Drivers 7.2.1.    Market Driver 1 7.2.2.    Market Driver 2 7.2.3.    Market Driver 3 7.3.    Market Challenges 7.3.1.    Market Challenge 1 7.3.2.    Market Challenge 2 7.3.3.    Market Challenge 3 8.       Opportunities Analysis 8.1.    Market Opportunity 1 8.2.    Market Opportunity 2 8.3.    Market Opportunity 3 9.       Competitive Landscape 9.1.    DIC India Ltd. 9.2.    Artience Co., Ltd. 9.3.    T&K Toka Co., Ltd. 9.4.    Flint Group 9.5.    INX International Ink Co. 9.6.    Company 6 9.7.    Company 7 9.8.    Company 8 9.9.    Company 9 9.10.  Company 10 |
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UV Cured Printing Inks Market – FAQs
1. What is the current size of the UV cured printing inks market?
Ans. In 2024, the UV cured printing inks market size is $2,625.75 Mn.
2. Who are the major vendors in the UV cured printing inks market?
Ans. The major vendors in the UV cured printing inks market are DIC India Ltd.; Artience Co., Ltd.; T&K Toka Co., Ltd.; Flint Group; INX International Ink Co.
3. Which segments are covered under the UV cured printing inks market segments analysis?
Ans. The UV cured printing inks market report offers in-depth insights into Type, Ink Type, Application, and Geography.