Pharmaceutical Inks Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Pharmaceutical Inks Market Size accounted for USD 3,736 Million in 2021 and is estimated to achieve a market size of USD 6,222 Million by 2030 growing at a CAGR of 6.1% from 2022 to 2030. The increasing use of prescription drugs and rising consumer awareness about medicines are the major factors driving the pharmaceutical inks market growth. Likewise, technological improvements in the pharmaceutical production process create prospects for the pharmaceutical inks market value expansion in the coming years.

Pharmaceutical Inks Market Report Key Highlights

• Global pharmaceutical inks market revenue is expected to increase by USD 6,222 Million by 2030, with a 6.1% CAGR from 2022 to 2030
• North America region led with more than 31% of pharmaceutical inks market share in 2021
• Europe and Asia-Pacific pharmaceutical inks market growth will observe strongest CAGR from 2022 to 2030
• By product type, the water-based inks has accounted market share of over 30% in 2021
• By pharmaceutical type, liquid segment engaged more than 42% of the total market share in 2021
• Increased the consumption of new medicines and biological products, drives the pharmaceutical inks market size

Pharmaceutical inks are ingestible inks that are used on pharmaceuticals to specify the vital information related to medicine which includes the medicine name and the ingredients that are used to make medicines. This pharmaceutical ink is used for the interior and exterior packaging of medicines.

Global Pharmaceutical Inks Market Trends

Market Drivers

• Increasing utilization of medications
• Increasing consumer awareness of pharmaceuticals products
• Technological advancements in the drugs manufacturing process
• Increased the consumption of new medicines and biological products

Market Restraints

• Adverse effects on ink
• Incorrect solvent use can harm both the environment and patients' health

Market Opportunities

• Rise in disposable income and prescription drugs consumption
• Growing use of Pharmaceutical ink on the exterior and interior packaging

Pharmaceutical Inks Market Report Coverage

An increase in the usage of pharmaceuticals and a rise in awareness among consumers regarding medicines are the major factors driving the pharmaceutical ink market growth. Also, the technological advancement in the manufacturing process of pharmaceuticals also creates growth opportunities for the key manufacturers in the pharmaceutical inks market to offer competitive product offerings and increase their customer base. This will have a positive impact on the global pharmaceutical ink market size.

The increase in usage of medicines has increased considerably across the globe in the past few years. This is relatively driven by the rise in health awareness among consumers and the rise in demand for pharmaceuticals in developing countries which directly increased the consumption of pharmaceuticals inks globally. Pharmaceutical inks are mainly used in medicines for printing or packaging of the medicine. Therefore, the rise in the usage of pharmaceuticals is driving the demand for pharmaceutical ink market value. The key players in the pharmaceutical ink market are strategically focused on a partnership strategy in order to capture market share in the global pharmaceutical market. For instance, in September 2018, Amyris, Inc. enters into a strategic agreement with Yifan Pharmaceutical Company in order to capture market share of the pharmaceutical inks market.

Pharmaceutical Inks Market Segmentation

The global pharmaceutical inks market segmentation is based on product type, pharmaceutical type, application, and geography.

Pharmaceutical Inks Market By Product Type

• Edible Inks
• Water-based Inks
• Solvent-based Inks
• Others

According to a pharmaceutical inks industry analysis, solvent-based pharmaceutical inks segment is expected to grow significantly in market over the forecasting years. These inks are also suitable for usage on the interior and exterior of the packaging. Additionally, solvent-based medicinal inks are less expensive than water-based inks. Water-based pharmaceutical inks are commonly used to print information such as the production date, the expiration date, the price, and the components.

Pharmaceutical Inks Market By Pharmaceutical Type

• Solids
• Liquids
• Semi-solids

In terms of pharmaceutical types, the liquids segment accounted for the largest market share in 2021. This is owing to the fact that liquid drugs necessitate the use of a significant proportion of Pharmaceutical Inks to cover a bigger surface area of their package.

Pharmaceutical Inks Market By Application

• Capsules
• Interior Packaging
• Exterior Packaging

According to the pharmaceutical ink market forecast, the exterior packaging segment is dominate the global market and is expected to grow significantly in the coming years. This growth is related to the high amount of information printed on the outside of medicine, which necessitates a considerable volume of pharmaceutical inks. The exterior wrapping of medicine contains important medical information such as the list of ingredients, manufacturing history, and instructions. Furthermore, since inside packaging contains less information than outside packaging, it requires less ink.

Pharmaceutical Inks Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)