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The bulk of ink users is the packaging industry, which consumes 245,000 tons of printing ink, accounting for 30% of the total. It is expected that some inks suitable for the deinking process will be developed and will grow at around 4% in the next five years, which is related to the environmental protection issues of waste disposal in the packaging industry. Other newsprint inks with significant growth are estimated at 235K tons, of which Germany and China account for 36%, making it a top consumer country.
A review of Western Europe's printing ink market concluded that heat-stabilized offset printing inks are the fastest-growing products in the market, with an annual growth rate of 5.6%. The reason for the rapid development is that the price of reel gravure printing inks has turned to be expensive. It is predicted that the letterpress ink will continue to decline with an annual reduction of 4.2%. When the market capacity is divided by country, the top three countries are Germany, the United Kingdom, and Italy, which account for 32.8%, 20.6%, and 10.0% of the market respectively. In terms of output, it is also led by Germany and the United Kingdom, which account for 43% and 10% of the total respectively. Germany's ink exports are among the top, with 1.2 billion German marks. 3/4 of the trade volume is carried out in Europe. Total ink production in Western Europe is estimated at 900,000 tons.