Ink Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: March 2024
NAICS 32591Revenue
$4.0bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
8,075
Businesses
411
Wages
$XXX.Xm
Ink Manufacturing in the US industry analysis
The Ink Manufacturing industry produces a range of printing inks and cartridges used by professionals. The industry has come under pressure as traditional forms of printed media have continued their long-term contraction. The transition to digital media has had profound implications for the industry. Demand for all publishing has suffered while print advertising expenditure has contracted, suppressing industry demand. The industry slumped at a CAGR of 5.8% to $4.0 billion over the past five years, including an expected decline of 5.5% in 2024, alone. The pandemic exacerbated poor conditions, encouraging remote workspaces and normalizing online advertising instead of print.
Trends and Insights
- As businesses and consumers switch to online advertising and reading, the industry will contract. Digital advertising campaigns can reach more people, making them more efficient than print advertisements.
- The commercial printing and publishing markets have rapidly declined. Manufacturers must find other markets to generate revenue as consumers turn to online media instead of print.
- Manufacturers seek cost reduction. Successful companies are near key suppliers and buyers, facilitating favorable relationships.
- Domestic manufacturers face extreme pressure from imports. Foreign manufacturers leverage low production costs to take customers from domestic producers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 5.8 % over the past five years, to reach an estimated $4.0bn in 2024.
Trends and Insights
Digital media trends run ink manufacturers into the ground
- More consumers have turned to the internet and e-readers as replacements for newspapers, magazines and books. As consumers have transitioned to digital media for news and leisure activities, the reach of print advertisements has plummeted.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Buyers transition to nonimpact, flexographic and gravure inks
- As newspaper, magazine and book publishing industries contract in favor of online alternatives over the outlook period, so too will demand for publishing-related lithographic and offset printing inks.
Biggest companies in the Ink Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Dic Corporation | 489.8 | 30.8 | 6.3 | |
Dupont De Nemours, Inc. | 393.9 | -61.0 | -15.5 | |
Flint Group Gmbh | 287.5 | 6.7 | 2.3 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Lithographic and offset printing inks, Flexographic printing inks and Nonimpact digital inks. Lithographic and offset printing inks is the largest segment of the Ink Manufacturing in the US.
Trends and Insights
Nonimpact digital inks rely on printer purchases
- Buyers use nonimpact inks alongside nonimpact digital printers. These printers are extremely common, including inkjet and laser printers.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Dye & Pigment Manufacturing in the US
- Paint Manufacturing in the US
- Chemical Product Manufacturing in the US
- Copier & Optical Machinery Manufacturing in the US
International industries
- Chemical Product Manufacturing in Canada
- Paint and Coatings Manufacturing in Australia
- Paint and Coatings Manufacturing in New Zealand
- Paint, Coatings & Printing Ink Manufacturing in the UK
- Stationery and Office Supplies Manufacturing in China
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture inkjet cartridges and printing and inkjet inks, including lithographic, flexographic, gravure and letterpress inks. These products are sold to commercial printers, newspaper and magazine printers, office supplies wholesalers and screen printers. This industry does not include operators that manufacture writing, drawing and stamping ink or toner cartridges for photocopiers, fax machines and computer printers.
What's included in this industry?
Duplicating ink manufacturingFlexographic and gravure ink manufacturingGold and bronze printing ink manufacturingInkjet ink and cartridge manufacturingLetterpress ink manufacturingLithographic ink manufacturingOffset ink manufacturingScreen process ink manufacturingStencil ink manufacturingTextile printing ink manufacturingCompanies
Dic CorporationDupont De Nemours, Inc.Flint Group GmbhPurchase this report to view all 7 major companies in this industry.
Related Terms
FLEXOGRAPHYUV-CURABLE INKSVOLATILE ORGANIC COMPOUND (VOC)SUBSTRATERUB RESISTANCETHREE ROLL MILLTACKINESSMOVABLE TYPEIndustry Code
NAICS 32591 - Ink Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
As businesses and consumers switch to online advertising and reading, the industry will contract. Digital advertising campaigns can reach more people, making them more effici...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The commercial printing and publishing markets have rapidly declined. Manufacturers must find other markets to generate revenue as consumers turn to online media instead of p...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers seek cost reduction. Successful companies are near key suppliers and buyers, facilitating favorable relationships.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Domestic manufacturers face extreme pressure from imports. Foreign manufacturers leverage low production costs to take customers from domestic producers.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Successful manufacturers are constantly innovating and introducing higher-quality and more versatile products. Research and development is a crucial aspect of growth.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Dic Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Dupont De Nemours, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Flint Group Gmbh's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 4 additional companies
Detailed analysis
- Description and key data for Dic Corporation, and factors influencing its performance in the industry
- Description and key data for Dupont De Nemours, Inc., and factors influencing its performance in the industry
- Description and key data for Flint Group Gmbh, and factors influencing its performance in the industry
- Description, key data and performance trends for 4 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
While the industry receives support from tariffs, domestic markets remain overrun with inexpensive imported ink products. The National Association of Printing Ink Manufacture...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit is steadily falling. Manufacturers can't maintain profit margins as the industry’s key markets contract and crude oil prices remain volatile.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Ink Manufacturing in the US industry in United States in 2024?
The market size of the Ink Manufacturing in the US industry in United States is $4.0bn in 2024.
How many businesses are there in the Ink Manufacturing in the US industry in 2024?
There are 411 businesses in the Ink Manufacturing in the US industry in United States, which has declined at a CAGR of 2.3 % between 2019 and 2024.
Has the Ink Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Ink Manufacturing in the US industry in United States has been declining at a CAGR of 5.8 % between 2019 and 2024.
What is the forecast growth of the Ink Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Ink Manufacturing in the US industry in United States is expected to decline.
What are the biggest companies in the Ink Manufacturing in the US market in United States?
The biggest companies operating in the Ink Manufacturing market in United States are Dic Corporation, Dupont De Nemours, Inc. and Flint Group Gmbh
What does the Ink Manufacturing in the US in United States include?
Duplicating ink manufacturing and Flexographic and gravure ink manufacturing are part of the Ink Manufacturing in the US industry.
Which companies have the highest market share in the Ink Manufacturing in the US in United States?
The company holding the most market share in United States is Dic Corporation.
How competitive is the Ink Manufacturing in the US industry in United States?
The level of competition is high and increasing in the Ink Manufacturing in the US industry in United States.
