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2024 U.S. Industry Statistics & Market Forecast - Printing Ink Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Printing Ink Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Printing Ink Manufacturing industry is experiencing changes which are shaping the industry significantly. There are a number of key trends that are affecting the industry, some of which include:1. Increasing demand for sustainable and eco-friendly inks: There is a growing concern among customers regarding the impact that certain inks can have on the environment. This is driving a need for manufacturers to produce more sustainable and eco-friendly inks, which are also cost-effective and of high quality.
2. Digital print technology: The rise of digital print technology is transforming the way the Printing Ink Manufacturing industry operates. A substantial shift towards on-demand printing and more personalised printing solutions is driving demand for digital ink solutions.
3. Growing demand for low migration inks: With an increase in food packaging and labelling, there has been a growing demand for low migration inks that comply with strict regulations. This has resulted in research and development of new products which are designed to meet industry demands.
4. Innovation: The need for continuous innovation is driving manufactures to produce inks which are more resistant to chemicals, UV light and abrasion.
5. Increasing cost of raw materials: The cost of raw materials, including pigments, resins, and solvents, has been continually increasing over the past few years. With suppliers and manufacturers struggling to control costs, the overall pricing of printing inks is also rising.
Overall, manufacturers must remain agile to keep up with these dynamic and ever-changing landscape.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Printing Ink Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Printing Ink Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Printing Ink Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Business Operations Specialists | 5% | |||
| Architecture and Engineering Occupations | 6% | |||
| Life, Physical, and Social Science Occupations | 9% | |||
| Office and Administrative Support Occupations | 9% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 40% | |||
| Other Production Occupations | 30% | |||
| Chemical Processing Machine Setters, Operators, and Tenders | 13% | |||
| Chemical Equipment Operators and Tenders | 12% | |||
| Packaging and Filling Machine Operators and Tenders | 7% | |||
| Packaging and Filling Machine Operators and Tenders | 7% | |||
| Transportation and Material Moving Occupations | 7% | |||
| Material Moving Workers | 5% | |||
Printing Ink Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Printing Ink Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Printing Ink Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Printing Ink Manufacturing industry. |
Source:
Innovation News
- Jul 17, 2023: AE Chemie trademarks "EMULSIPURE" - Chemicals for use in the manufacture of cosmetic, personal care, and pharmaceutical products
- Jun 14, 2022: Prism Inks trademarks "SCREENMATE" - Print substrate
- Feb 11, 2021: Prism Inks patents Pretreating Natural Fiber Fabrics For Dye Sublimation Ink Printing
- Feb 11, 2021: Prism Inks patents Pretreating Natural Fiber Fabrics For Dye Sublimation Ink Printing
- May 31, 2020: AE Chemie trademarks "AECOSIL" - Chemicals for use in the manufacture of cosmetic, personal care, and pharmaceutical products
Recent Federal Contracts for Printing Ink Manufacturing- Mar 26, 2024: SICPA SECURINK, CORP. (Springfield, VA) awarded $1,253,681
- Mar 26, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $12,211
- Feb 14, 2024: GOVCONNECTION INC (Rockville, MD) awarded $2,703
- Feb 08, 2024: ADD-JET TECHNOLOGIES, LLC (Concord Township, OH) awarded $8,160
- Feb 05, 2024: SHEARGOLD LIMITED (Ruislip, ) awarded $10,446
- Jan 29, 2024: MEYER, JEREMY (Grand Rapids, MN) awarded $14,849
- Mar 26, 2024: SICPA SECURINK, CORP. (Springfield, VA) awarded $1,253,681
- Mar 26, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $12,211
- Feb 14, 2024: GOVCONNECTION INC (Rockville, MD) awarded $2,703
- Feb 08, 2024: ADD-JET TECHNOLOGIES, LLC (Concord Township, OH) awarded $8,160
- Feb 05, 2024: SHEARGOLD LIMITED (Ruislip, ) awarded $10,446
- Jan 29, 2024: MEYER, JEREMY (Grand Rapids, MN) awarded $14,849
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