Forecast: Sold Production of Printing Inks (Excluding Black) in the UK

The sold production of printing inks (excluding black) in the UK stood at 32.968 million kilograms in 2023. From 2013 to 2023, the industry experienced a generally downward trend, highlighted by significant year-on-year variations. The period 2013-2015 saw minor increases, but this was followed by a notable decline, with year-on-year decreases of 20.33% in 2017 and 25.65% in 2020. Over the last two years, the market saw a decline of 11.11% in 2023. The five-year CAGR leading up to 2023 was -8.72%, indicating a robust downward trend.

Looking ahead, from 2024 to 2028, forecasted data shows a continuation of this decline, with a projected five-year CAGR of -16.73%, translating to an anticipated drop in sold production by approximately 59.96%. By 2028, the production volume is expected to contract to just 11.33 million kilograms.

Future trends to watch for include:

• Technological advancements in digital printing and its substitution for traditional inks.
• Increased awareness and regulation around environmental impacts potentially reducing demand for traditional inks.
• Market consolidation and shifts towards more sustainable, cost-effective alternatives.