The sold production of printing ink in Italy exhibited significant fluctuations over the past decade. A notable peak occurred in 2018, reaching 166.89 million kilograms, followed by an unprecedented drop in 2019 to 21.114 million kilograms. The industry rebounded in 2020 and stabilized through 2021. However, a declining trend resumed, with the 2023 production at 118.97 million kilograms, reflecting a -1.12% year-on-year change. The 5-year CAGR leading up to 2023 was -6.54%, suggesting an overall contraction in the market. Forecasts predict a continuous but modest decline, with an average annual decrease of -0.9% through 2028, reaching 112.43 million kilograms.
Future trends to watch for:
- Sustainability initiatives driving demand for eco-friendly inks.
- Technological advancements in digital printing potentially altering market dynamics.
- Shifting consumer preferences towards digital media impacting traditional printing demands.
- Economic factors influencing production costs and supply chain stability.
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