By 2032, industry is expected to consistently expand at a 5.8% CAGR. According to FMI, the eco-friendly inks market is expected to expand its revenue share from USD 4.3 billion in 2022 to USD 7.5 billion by 2032.
Volatile organic compound (VOC) emission is one of the key factors influencing the demand for eco-friendly inks. Harmful metals contained in many ink printing solutions have been pushing the industry to switch to eco-friendly alternatives.
Environmental Trends Pushing the Eco-friendly Inks Market Share
| Attributes | Details |
|---|---|
| Eco-friendly Inks Market CAGR (2023 to 2032) | 5.8% |
| Eco-friendly Inks Market Size (2023) | USD 4.55 billion |
| Eco-friendly Inks Market Size (2032) | USD 7.5 billion |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
When compared to the 3.5% CAGR recorded between 2018 and 2022, the eco-friendly inks industry is predicted to expand at a 5.8% CAGR between 2023 and 2032. With sustainability in mind, the market growth rate is expected to be around 1.8x by 2032.
| Market Statistics | Details |
|---|---|
| Market Share (2021) | USD 4.08 billion |
| Market Share (2022) | USD 4.3 billion |
| Market Share (2025) | USD 5.2 billion |
In comparison to regular ink, it is predicted that eco-friendly ink is likely to be used frequently overall in the near future. Consumer trends could influence the market. Opportunities in the market are anticipated as a result of significant government initiatives to promote eco-friendly inks.
Short-term Growth (2023 to 2025): the packaging business makes considerable use of inks to make products appealing to consumers and to provide product information. Due to this, the market is expected to grow around 1.2x by 2025.
Medium-term Growth (2026 to 2029): raising consumer knowledge of the possible risks that using conventional petroleum-based inks has on their health changes the consumer trends.
Long-term Growth (2030 to 2032): manufacturers' rising desire for eco-friendly packaging options is anticipated to fuel market expansion in the ensuing years.
The market is anticipated to reach USD 7.5 billion by 2032 due to strict laws and activities implemented by the government authorities to minimize waste and promote the utilization of recycled materials. The average growth of the market is expected to be around 1.04x between 2022 and 2023.
The United States is predicted to dominate the market with a share of 19.4% during the forecast period. Digital printing is becoming a latest trend in the market, which encourages the demand for eco-friendly inks.
Commercial printers and newspaper publishers' growing preference for eco-friendly inks is fueling the market's expansion. By component ink type, solvent based ink is estimated to hold 40.8% of the total market share in 2022.
A lot of companies are investing in research and development initiatives to create new products in response to the rising sales of eco-friendly inks.
The market is anticipated to increase as a result of rising environmental awareness and growing demand for eco-friendly inks in the textile industry. Also, the oil based paint segment is projected to offer an excellent incremental opportunity of USD 175 million by 2032.
| United Kingdom Market Value (2022) | USD 110.7 million |
|---|---|
| United Kingdom Market Value (2032) | USD 169.9 million |
| United Kingdom Market CAGR (2023 to 2032) | 4.4% |
| United Kingdom Market Share (2022) | 12.7% |
The adoption of eco-friendly inks is being driven by a rise in consumer awareness of eco-sustainable products. The growing popularity of digital printing is another factor driving up the global demand in the United Kingdom.
The market share in the United Kingdom is expanding due to the development of new technologies like 3D printing. Additionally, the United Kingdom government has put in place a tax on plastic packaging, which is anticipated to help the market expand even further.
Given that they are created from naturally occurring substances that are exempt from tax, eco-friendly inks are anticipated to see a large sales.
Germany dominated the Europe market with a share of 15.3% in 2022. With a CAGR of 3%, the market is expected to reach USD 178.9 million by 2032.
This rise has primarily been fueled by a growing understanding of the need to limit the usage of traditional printing inks and their negative effects on the environment. German manufacturers are putting emphasis on the creation of eco-friendly inks that lessen the impact of printing on the environment, like water-based and vegetable-based inks.
Through offering incentives to businesses in the field, the German government has taken action to promote the development of eco-friendly inks. The average growth of the market is expected to be around 1.03x between 2022 and 2023.
| Key Segments | Color |
|---|---|
| Top- segment | Monochrome Printing |
| Market Value (2022) | USD 2,686.47 million |
| Market Value (2032) | USD 4,766.5 million |
| Key Segments | Packaging |
|---|---|
| Top- segment | Food & Beverages Sector |
| Market Value (2022) | USD 1,952.8 million |
| Market Value (2032) | USD 3,298.7 million |
| Key Segments | Printing |
|---|---|
| Top- segment | Flexography |
| Market Value (2022) | USD 950.7 million |
| Market Value (2032) | USD 1,558.5 million |
| Key Segments | Origin of Bio Pigments |
|---|---|
| Top- segment | Vegetable-based Ink |
| Market Value (2022) | USD 1,681.5 million |
| Market Value (2032) | USD 3,061.2 million |
| Key Segments | Type |
|---|---|
| Top- segment | Oil-based Ink |
| Market Value (2022) | USD 1,219.6 million |
| Market Value (2032) | USD 2,209.2 million |
Oil-based ink holds the most lucrative prospects for businesses when it comes to component ink type. By the end of 2032, the segment is anticipated to develop at an appealing incremental rate of 1.9x, with a CAGR of 6.2% throughout the forecast period.
This is attributed to the fact that oil-based inks are affordable and favored for printing on a variety of substrates than water-based and soy-based inks.
During the forecast period, the oil-based inks segment is anticipated to rise as a result of the rising use of vegetable oil-based inks in the food and cosmetics industries. Solvent-based inks, however, dominated the industry in 2022 with a 28.1% market share.
The food and beverage sector is expected to have a leading market share of 43.3% by 2032, with a CAGR of 5.4%. The need for eco-friendly inks in this segment is projected to be fueled by the rising demand for eco-friendly packaging options.
The strict regulations by governments and international organizations add up to the adoption of eco-friendly inks. However, according to FMI statistics, the pharmaceuticals & medical devices segment is expected to expand significantly, with a share of 27.7% by 2032.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Eco-friendly Inks Manufacturers Sign Up for Better Market Position
The leading companies in the eco-friendly inks market are concentrating on product innovation to provide a broad range of inks to meet the rising customer demand.
In order to increase their consumer base, the businesses are also concentrating on boosting their distribution networks. To protect their market position, eco-friendly inks businesses are also forming strategic alliances.
Recent Developments
The market is valued at USD 4.55 billion in 2023.
The growth potential of the market is 5.8% through 2033.
Increasing application in packaging sector may drive eco-friendly inks market growth.
Kao Collins Corporation, Sun Chemical, and Living Ink Technologies are the top market players.
Introduction of UV curable inks is expected to catapult growth of market players.
Explore Printing Technology Insights
View Reports
Eco-Friendly Inks Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
