Philippines Printing Ink Market (2023-2029) | Industry, Growth, COVID-19 IMPACT, Companies, Analysis, Revenue, Value, Size, Share, Trends & Forecast
Market Forecast By Product (Gravure, Flexographic, Lithographic, Digital, Others), By Resin (Modified rosin, Modified cellulose, Acrylic, Polyurethane, Others), By Application (Packaging & labels, Corrugated cardboards, Publication & Commercial Printing, Others) And Competitive Landscape
| Product Code: ETC342929 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 67 | No. of Figures: 20 | No. of Tables: 3 | |
Philippines Printing Inks Market Competition 2023
Philippines Printing Inks market currently, in 2023, has witnessed an HHI of 2384, Which has increased slightly as compared to the HHI of 2241 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Philippines Export Potential Assessment For Printing Inks Market (Values in USD Thousand)
Philippines Printing Ink Market Synopsis
The Printing Ink Market In The Philippines experienced favorable growth in the pre covid years, primarily propelled by the expansion of the e-commerce sector resulting from increased urbanization and a growing appetite for innovative and interactive packaging. However, the COVID-19 pandemic led to a temporary slowdown in 2020 due to disruptions in the supply chain and reduced demand caused by lockdowns. The market began to rebound in 2021 as schools and other institutions reopened, and the retail sector expanded. Philippines printing ink market is expected to maintain its growth trajectory during the forecast period, with expansion of the retail sector, and the thriving e-commerce industry, particularly in the food and beverage segment.
According to 6wresearch, Philippines Printing Ink Market size is projected to grow at a CAGR of 5.1% during 2023-2029. The growth of the printing ink market in Philippines is primarily driven by rising number of school enrollments creating the need for more books to be published coupled with expanding e-commerce in the country which creates the demand for high-quality printing inks that are necessary to transmit important information, brand identity, and marketing messages on printed packaging, which is expected to boost the printing ink market in Philippines. Additionally, food and beverage sector which is expected to grow at a CAGR of 6.7% from 2022 to 2026 is likely to create demand for printing inks in the market. Furthermore, increasing number of book publications and magazines coupled with rising pharmaceutical production is expected to further boost the demand for printing inks in the country.
Market by Ink Type
Oil-based printing ink has higher demand in Philippines among end user's industries as oil-based printing inks are known for producing high-quality prints with vibrant colours and sharp details which are preferred for packaging, advertising, and publishing. Also, the government initiative for promoting local publishing industry on the global stage at largest book fair Frankfurter Buchmesse (FBM) 2025 would contribute to the growth of this segment in the coming years.
Market by Technology
In Philippines printing ink industry, Flexographic printing dominated in terms of technology types, owing to its versatile use in packaging applications ranging from flexible packaging, corrugated containers, folding cartons, tags and labels and others.
Market by Applications
The growing food and beverage industry, driven by the increasing sales value of packed foods which is projected to reach US$44.9 billion by 2026, is spurring a heightened demand for flexible packaging. Consequently, this surge is leading to an increased need for printing ink within the label and packaging segment.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Philippines Printing Ink Market Overview
- Philippines Printing Ink Market Outlook
- Philippines Printing Ink Market Forecast
- Historical Data and Forecast of Philippines Printing Ink Market Revenues, for the Period 2019-2029F
- Historical Data and Forecast of Philippines Printing Ink Market Revenues, By Ink Types, for the Period 2019-2029F
- Historical Data and Forecast of Philippines Printing Ink Market Revenues, By Technology, for the Period 2019-2029F
- Historical Data and Forecast of Philippines Printing Ink Market Revenues, By Applications, for the Period 2019-2029F
- Industry Life Cycle
- Philippines Printing Ink Market – Porter’s Five Forces
- Market Drivers and Restraints
- Market Trends
- Market Opportunity Assessment
- Company Revenue Ranking
- Market Competitive Benchmarking
- Company Profiles
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Ink Type
- Solvent Based
- Water Based
- Oil Based
- UV Cured and UV Led
By Technology
- Lithographic
- Flexographic
- Gravure
- Digital
- Others (Letterpress, and Screen Printing)
By Applications
- Label And Packaging
- Commercial Printing
- Publications
- Others (Corrugated cardboard, Textiles)
Frequently Asked Questions About the Market Study (FAQs):
Philippines Printing Ink market size is projected to grow at a CAGR of 5.1% during 2023-2029.
The growth of the printing ink market in Philippines is primarily driven by rising number of school enrollments creating the need for more books to be published.
Oil-based printing ink has higher demand in Philippines among end user's industries.
In Philippines printing ink industry, Flexographic printing dominated the market owing to its versatile use in packaging applications.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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1. Executive Summary |
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2. Introduction |
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2.1 Report Description |
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2.2 Key Highlights of the Report |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3. Philippines Printing Ink Market Overview |
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3.1 Philippines Printing Ink Market Revenues, 2023-2030F |
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3.2 Philippines Printing Ink Market Industry Life Cycle |
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3.3 Philippines Printing Ink Market Porter’s Five Forces |
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4. Philippines Printing Ink Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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5. Philippines Printing Ink Market Trends & Evolution |
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6. Philippines Printing Ink Market Overview, By Ink Types |
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6.1 Philippines Printing Ink Market Revenue Share and Revenues, By Ink Type, 2023-2030F |
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6.1.1 Philippines Printing Ink Market Revenues, By Solvent Based, 2023-2030F |
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6.1.2 Philippines Printing Ink Market Revenues, By Water Based, 2023-2030F |
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6.1.3 Philippines Printing Ink Market Revenues, By Oil Based, 2023-2030F |
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6.1.4 Philippines Printing Ink Market Revenues, By UV Cured and UV Led, 2023-2030F |
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7. Philippines Printing Ink Market, By Technology |
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7.1 Philippines Printing Ink Market Revenue Share and Revenues, By Technology, 2023-2030F |
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7.1.1 Philippines Printing Ink Market Revenues, By Lithographic, 2023-2030F |
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7.1.2 Philippines Printing Ink Market Revenues, By Flexographic, 2023-2030F |
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7.1.3 Philippines Printing Ink Market Revenues, By Gravure, 2023-2030F |
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7.1.4 Philippines Printing Ink Market Revenues, By Digital, 2023-2030F |
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7.1.5 Philippines Printing Ink Market Revenues, By Others, 2023-2030F |
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8. Philippines Printing Ink Market, By Applications |
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8.1 Philippines Printing Ink Market Revenue Share and Revenues, By Applications, 2023-2030F |
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8.1.1 Philippines Printing Ink Market Revenues, By Label and Packaging, 2023-2030F |
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8.1.2 Philippines Printing Ink Market Revenues, By Commercial Printing, 2023-2030F |
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8.1.3 Philippines Printing Ink Market Revenues, By Publication, 2023-2030F |
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8.1.4 Philippines Printing Ink Market Revenues, By Others, 2023-2030F |
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9. Philippines Printing Ink Market Key Performance Indicators |
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10. Philippines Printing Ink Market Opportunity Assessment |
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10.1 Philippines Printing Ink Market Revenues, By Ink Types, 2030F |
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10.2 Philippines Printing Ink Market Revenues, By Technology, 2030F |
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10.2 Philippines Printing Ink Market Revenues, By Applications, 2030F |
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11. Philippines Printing Ink Market Competitive Landscape |
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11.1 Philippines Printing Ink Market Revenues Ranking, By Companies, 2023 |
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11.2 Philippines Printing Ink Market Revenues Share, By Technical Parameters |
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11.3 Philippines Printing Ink Market Revenues Share, By Operating Parameters |
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12. Company Profiles |
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12.1 Toyo Ink (Philippines) Co., Inc. |
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12.2 Siegwerk Philippines Inc. |
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12.3 DIC Philippines Inc. |
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12.4 CDI Sakata Inx Corporation |
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12.5 Fujifilm Phiippines |
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12.6 Epson Philippines Corporation |
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12.7 Brother International Philippines Corporation |
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12.8 HP PPS Philippines Inc. |
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12.9 Canon Marketing (Philippines), Inc. |
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13. Key Strategic Recommendation |
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14. Disclaimer |
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List of Figures |
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1. Philippines Printing Ink Market Revenues, 2023-2030F ($ Million) |
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2. Philippines Number of Internet Users (In Million), 2018-2023 |
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3. Annual Spend in e-Commerce Consumer Goods Categories, (In USD Billion), 2023 |
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4. Philippines Packaged Food Retail Sales ($ Million), 2017-2030F |
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5. Philippines Health And Wellness Food And Non-alcoholic Beverages Retail Sales ($ Million), 2017-2030F |
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6. Number of computers provided by Department of Education in public schools (2020-21), (In Units) |
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7. Philippines Printing Ink Market Revenue Share, By Ink Type, 2023 and 2030F |
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8. Philippines Printing Ink Market Revenue Share, By Technology, 2023 and 2030F |
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9. Philippines Printing Ink Market Revenue Share, By Applications, 2023 and 2030F |
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10. Philippines Retail Sales of Ready to Eat Meals, 2023-2027F, ($ Million) |
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11. Philippines Retail Sales Of Snacks, 2016- 2030F, ($ Million) |
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12. Philippines Pharmaceutical Market, 2018- 2024F, ($ Billion) |
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13. Philippines Publication Industry Growth, 2023- 2023E, ($ Billion) |
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14. Philippines Basic Education Enrolment, 2020- 2023, (Million) |
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15. Philippines Registered Book Sales, 2023- 2020, ($ Million) |
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16. Philippines Printing Ink Market Opportunity Assessment, By Ink Type, 2030F |
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17. Philippines Printing Ink Market Opportunity Assessment, By Technology, 2030F |
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18. Philippines Printing Ink Market Opportunity Assessment, By Applications, 2030F |
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19. Philippines Printing Ink Market Revenue Ranking, By Companies, 2023 |
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20. Target areas in Philippines, 2023 |
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List of Tables |
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1. Philippines Printing Ink Market Revenues, By Ink Type, 2023-2030F ($ Million) |
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2. Philippines Printing Ink Market Revenues, By Technology, 2023-2030F ($ Million) |
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3. Philippines Printing Ink Market Revenues, By Applications, 2023-2030F ($ Million) |
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