The Growth of the Packaging and Commercial Printing Sectors Promoting the Growth of the Highspeed Inkjet Inks Market Growth During the Forecast Period 2022-2027

The Highspeed Inkjet Inks Market size is projected to grow at a CAGR of 5.1% during the forecast period 2022-2027 and reach US$1.6 billion by 2027. The growth of the Highspeed Inkjet Inks Market is primarily dependent on the growth of the packaging and commercial printing sectors. Highspeed inkjet inks are primarily used in inkjet printers or high-resolution printers for direct printing of images, product descriptions, full-color printing and more in the packaging sector, owing to their versatility and high quality. It also plays a significant role in the production of coated paper that is mainly utilized in the commercial printing industry involving the production of magazines, newspapers, catalogs and more. The surging developments associated with the packaging and commercial printing sectors across the world have led to considerable growth in the Highspeed Inkjet Inks market.

On the basis of end-use, the Highspeed Inkjet Inks Market can be segmented into packaging, commercial printing, textile printing and others. The packaging sector is evaluated to hold a significant share in the highspeed inkjet inks market in 2021. During the forecast period 2021-2027, the packaging segment is expected to grow at a CAGR of 5.4%. This can be attributed to various reasons such as the increasing demand from the packaging sectors across the world. According to Interpack, the packaging sector, at the global level, is anticipated to grow by an annual rate of 3.5% from 2021 to 2024.

On the basis of geography, the Highspeed Inkjet Inks Market can be segmented into North America, South America, Europe, APAC and EMEA. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most dominant region in the market. In 2021, the Asia-Pacific region held around 35% share of the total revenue earned by the market globally. Asia-Pacific countries including China and India are comparatively ahead in terms of the growth of the packaging and commercial printing sectors. According to the Packaging Industry Association of India, the packaging sector is considered one of the top industries with a high growth rate in India and is rising at 22%-25% per year. Moreover, recent insights from the All India Federation of Master Printers (AIFMP) state that the commercial printing industry in India is expanding at a rate of around 10% every year.

Key companies holding major shares in the Highspeed Inkjet Inks Market are Aresun Chemicals, INX International Ink Co., Kao Collins, Sun Chemical, DuPont, Toyo Ink SC Holdings Co., Ltd., Edge Colours, Mylan Group, Marabu Printing Inks and Splashjet Print Technologies. The key strategies adopted by the company include product launches and acquisitions among others. 

In March 2022, Electronics For Imaging, Inc. launched its ultra-high-speed inkjet solution, specifically targeting the corrugated market. The new inkjet technology offers enhanced reliability, flexibility and productivity to the industrial packaging segment. Moreover, in April 2022, the Agfa-Gevaert Group announced the acquisition of Inca Digital Printers with the aim of strengthening its position in high-speed digital printing with a primary focus on the packaging printing sector.