Screen Printing Inks Market size is poised to reach USD 72 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of screen printing inks was around USD 22 Billion. The reason behind the growth is impelled by the rising e-commerce sales. E-commerce packaging is an essential stage required for safe delivery of the products, and also to ensure the merchandise will be delivered safely. Screen printing ink is suitable for packaging e-commerce products owing to its durability and eco-friendly properties. The projected global e-commerce growth rate for 2023 is over 8%, which would result in more than USD 5 trillion in global e-commerce sales.
The growing VOC emissions from solvent-based inks are believed to fuel the growth of the screen printing inks market. In solvent-based inks, which also contain resin (a binder) and pigment, the volatile organic compound (VOC) content is often 100% which includes alcohols and esters at press viscosities in concentrations ranging from 50% to 70%. However, as compared to solvent-based inks, screen printing inks have less volatile organic compounds and have no hazardous air pollutants.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~8% |
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Base Year Market Size (2023) |
~ USD 22 Billion |
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Forecast Year Market Size (2036) |
~ USD 72 Billion |
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Regional Scope |
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Growth Drivers
According to estimates, global auto sales increased by over 66 million units sold in 2021.
Challenges
End-Use Material (Ceramics, Plastics, Paper, Glass, Fabrics)
The fabrics segment is estimated to hold around 36% share of the global screen printing inks market during the forecast year. Water-based, non-toxic, and non-flammable fabric screen inks are widely available for fabric painting mostly available in the form of dyes and pigments to offers artists vivid colors, excellent coverage, and constant workability. Moreover, screen printing inks can be heat-set to cloth to make them permanent, they are also entirely washable and dry cleanable and are ideal for printing on a variety of textiles, such as cotton, polyester, mixes, linen, rayon, and other synthetic materials.
Type (UV Cured, Water Based, Solvent Based)
Screen printing inks market from the UV cured segment is set to garner a notable share shortly. Screen printing UV ink is a high-performance, ultraviolet-curable technology that is both chemical and abrasion resistant, and are indelible, film-like inks that cannot be removed with alcohol or the shower. They are smudge-resistant, and are in stark contrast: for enhancing readability by collecting and reflecting light.
Our in-depth analysis of the global screen printing inks market includes the following segments:
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Type |
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End-Use Material |
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Application |
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APAC Market Forecast
Screen printing inks market in Asia Pacific is predicted to account for the largest share of 46% by 2036 impelled by the rising urbanization. Since China and India have adopted a mixed economy, they are being swiftly overtaken by urbanization and in 2021, over 63% of Chinese people and more than 35% of Indian people, respectively, lived in urban regions.
Moreover, urbanization provides a larger market and better commercial opportunities, which opened new doors for trade and commerce as a result of which more and more businesses are entering the retail industry. This is expected to significantly drive the demand for screen printing inks in the region as it is simple to use and can be used in most clothing in the retail industry. According to estimates, more than 42% of the population will live in urban areas by the middle of the year in 2035.
North American Market Statistics
The North America screen printing inks market is estimated to be the second largest, during the forecast timeframe led by growing trend of DIY (Do It Yourself) culture. The DIY culture in the United States has grown overtime compared to other regions of the world. As a result, the region may witness a huge demand for screen printing inks since it is an age-old art form of screen printing, which can bring images to life on varied surfaces, and is safe to use for projects both at home and in classrooms. According to a survey conducted in 2021 it was found that over 75% of American homeowners said they had finished at least one do-it-yourself home renovation project in the previous year.
Author Credits: Smruti Ranjan, Rajrani Baghel
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