Forecast: Printing Ink Manufacturing Industry Gross Output in the US

From 2013 to 2023, the US printing ink manufacturing industry experienced a mix of growth and decline. The industry's gross output in 2023 stood at 4.96 billion USD. Early declines between 2014 and 2016 were followed by nominal growth through 2022. Significant contraction in 2020 was noted, with a year-on-year decline of 16.73%, likely due to the pandemic. The industry rebounded quickly in 2021 with a 14.81% increase. Over the past five years, the average annual growth rate, or CAGR, was 0.31%. From 2024 onward, modest growth is expected, with a forecasted CAGR of 0.25% over the next five years.

Future trends to watch for:

• Technological advancements in digital printing
• Increasing demand for sustainable and eco-friendly inks
• Shifts in consumer behavior towards customized packaging and prints
• Regulatory changes affecting chemical compositions
• Global supply chain disruptions