The export of printing ink other than black from India stood at $145.04 million in 2023. The historical data over the past decade shows a general upward trend with fluctuations. Between 2013 and 2023, the market experienced peaks, troughs, and growth spurts, for example, a significant drop in 2020 followed by rapid recovery in 2021. Recent years have seen modest growth; 2022's year-on-year was 8.33%, while 2023 was 2.77%. The compound annual growth rate (CAGR) over the last five years is 2.84%.

Future trends to watch for:

The 2024 to 2028 forecast suggests a 2.09% CAGR, indicating steady but moderate growth.
Future growth factors may include advancements in printing technology, increased digital media usage, and global economic conditions.
Attention should be paid to market dynamics such as raw material price volatility and changes in environmental regulations influencing the printing ink industry.