Offset Ink Market Size, Share, and COVID-19 Impact Analysis, By Type (Sheetfed, Heatset, Coldset, and Others), By Application (Newspapers, Magazines, Books and Stationery, Packaging, and Others), and Regional Forecast, 2024-2032.

Inks that are used in offset printing are termed as offset inks. Offset printing is the process of transferring an image from a printing plate to paper or other printing media using an intermediate surface such as rubber blankets or rollers. This type of ink helps to prevent smudging and fading, which are common problems with conventional printer inks. Offset ink is widely used in stationery, newspapers and books which boosts the offset ink market growth.

Offset ink is mostly used in packaging, posters, and publication. Offset ink manufacturers are developing innovative high-speed ink types to reduce costs and optimize the operational efficiency of printing devices. These factors are driving the demand for the offset ink. Growing demand for high-speed and high resolution printers are the key reasons for the market expansion. Also, factors like increasing demand for offset inks in making labels and packaging applications for printing words, patterns, and pictures on surfaces are expected to drive the global offset ink market.

However, factors like health concerns related to offset ink, like skin allergy, skin burns, eye irritation, and dermatitis along with stringent government regulations for the production of printing inks are expected to restrain the market expansion. Key market players have been focusing on developing value-added products to compete with their industry rivals. They are also engaged in increasing their geographic footprint and strategic expansion.

Impact of COVID-19 on Offset Ink Market

Offset ink market was dramatically affected by the COVID-19 pandemic due to demand reduction. The strict rules by governments in COVID-19 and work-from-home approaches significantly declined printing needs. Movement restrictions in various countries have caused disruptions in the market's supply chain. COVID-19 has forced various end-use industries to shut down, temporarily reducing offset ink market demand. This pandemic also led to a total shutdown of prime areas with high printing requirements, including posters and panels in various meetings and exhibitions affecting the market growth.  Despite the uncertainty, the offset ink market returned to the pre-pandemic levels as the production plants operated at full capacity.

Key Insights

The report will cover the following key insights:

• The Regulatory Scenario of Offset Ink Market.


• Key Developments in Offset Ink Market.


• Impact of COVID-19 on Offset Ink Market.                                                                    

Analysis by Type

Based on type, the offset ink market has been segmented into sheetfed, heatset, coldest, and others. The heatset and coldset ink segment expected to grow significantly in the forecast period. Coldset inks consist of carbon black and binders, these inks are the widely used in newspapers, phone dictionaries, and others which boosts the offset ink market. Heatset inks are majorly used in magazines, these are roll-to-roll inks, capable of running upto 2500 feet per minute, boosting the offset ink market.

Analysis by Application

Based on application the offset ink market has segmented into newspapers, magazines, books & stationery, packaging and others. Books & stationery and packaging segment expected to grow significantly in the coming years. Offset printing is the most common method for printing books, magazines and other stationery products thus driving the offset ink market. These inks are also used in printing of paper box packaging used for cosmetics, perfumes and food products. All these factors are expected to propel the offset ink market.

Regional Analysis

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Based on region the offset ink market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific is expected to gain the fastest growth rate during the forecast period. Growing demand for lithographic printing is supporting the growth of the offset ink market, especially in developing countries such as India and China. Rising demand from end-use industries for packaging and labeling has led offset ink manufacturers to expand their facilities in the Asia Pacific region.

North America and Europe is projected to gain positive growth during the forecast period. Escalating demand for efficient printers with advances in packaging sector and the presence of large scale printing companies will positively impact market growth in the forecast period. The market in the Middle East & Africa region is expected to grow slowly during the forecast period.

Key Players Covered

The report will include the profiles of key players such as Flint Group, Suzhou Kingswood Printing Ink, DIC Corporation, Dainichiseika Color & Chemicals Mfg., Encres Dubuit, Huber Group, Sakata Inx (India) Pvt. Limited, Wikoff Color, Sun Chemical, T&K TOKA, and TOYO Ink

Segmentation

Key Industry Developments

• In February 2023, Hubergroup print solutions launched web offset ink for food packaging. These are coldset and heatset inks for food paper packaging.


• In February 2023, Flint group launched its sustainable UV LED Dual Cure ink for food packaging and labeling purposes.


• In December 2022 - Siegwerk Druckfarben AG & Co. KGaA has introduced a new UV offset ink product series for non-food packaging applications in the EMEA market.