The German black printing inks market has experienced a consistent decline from 2013 to 2023. Beginning at 197.72 million Euros in 2013, it fell to 110.33 million Euros by 2023. The year-on-year decline was steepest in 2013, coinciding with structural shifts in the printing industry towards digital solutions. Though a slight recovery was observed in 2021, this was short-lived as the market resumed its downward trajectory, culminating in an 8.33% decline in 2023. This represents a compound annual growth rate (CAGR) of -7.83% over the past five years.
Future trends in the market include:
- An expected continued decline, with a forecasted 5-year CAGR of -9.29%, suggesting a shift towards digital media and away from traditional printing methods.
- Emergence of environmentally friendly ink alternatives potentially altering product strategies.
- Influence of technological advancements in digital printing reducing demand for conventional inks.
