The increasing demand from the textile industries across the globe is propelling the growth of the market.
The global Digital Inks Market is forecast to reach USD 5.47 Billion by 2028, according to a new report by Reports and Data. The increasing demand from the textile industries across the globe will fuel the growth of the market. Moreover, the rising population, coupled with the increasing disposable incomes and changing lifestyles, will also have an impact on the demand for digital inks. Digital printers provide cleaner finish and use less space than conventional printing, thus allowing the use of unlimited color combinations. The technology doesn’t require water for the sublimation of digital textile printing, which allows lesser consumption of power and thus reduces cost.
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Top Leading Players in The Global Digital Inks Market Are:
Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Sakata Inx Corporation, E.I. du Pont de Nemours and Company, Marabu GmbH Co. KG, Nazdar Ink Technologies, and Wikoff Color Corporation, among others, among others.
Further key findings from the report suggest:
- The electrographic inks account for a larger market share of ~55% in the year 2018. The increasing usage of electrographic printing in the packaging industry is the key driver contributing to the growth of the segment over the forecast period. It can be used on a wide range of substrates such as paper, glass, metal, and fabrics. The technology is majorly used for commercial purposes owing to the benefits associated with it, such as cost-effectiveness, high-speed functioning, and ability to print on a large scale.
- The inkjet inks are anticipated to witness a higher CAGR of 8.5% during the forecast period, owing to its outstanding image quality, particularly with color photos, as the ink technology uses thousands of ink droplets shot onto the paper.
- The plastic substrates account for the largest market share of ~24% in the year 2018, as plastic is the common name for all types of polymers and is the most common substrate used in manufacturing. The ceramic substrates are anticipated to witness a higher CAGR of 9.2% during the forecast period.
- The Asia Pacific region held the largest market share of ~31% in the year 2018, owing to the substantial investments in research and development of printing technologies. Moreover, the rising technological innovations; increasing disposable income levels; and the increasing sales of printers and computers in this region are anticipated to increase demand for digital inks. In emerging countries such as India, Japan, and China, Japan is expected to hold the most significant regional segment, owing to the developing manufacturing companies and high demand for digital printing in this region.
Segments covered in the report:
Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2018-2028)
- Electrographic
- Inkjet
Substrate Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2018-2028)
- Plastics
- Ceramics
- Glass
- Textiles
- Paper
- Others
Technology Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2018-2028)
- Solvent-based
- Water-based
- Others
Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2018-2028)
- Advertising and Promotion
- Ceramic Tiles Printing
- Clothing and Household Textiles
- Packaging
- Others
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Digital Inks Market Upcoming Growth:
The digital inks market is expected to experience significant growth in the upcoming years. This growth can be attributed to the increasing demand for digital printing in various industries, including packaging, textiles, ceramics, and signage. Digital inks offer several benefits over traditional printing inks, such as faster drying time, improved print quality, and increased durability.
The rising trend of personalization and customization in products is also fueling the demand for digital inks. With the help of digital printing, manufacturers can easily customize and personalize products, thereby catering to the specific needs and demands of customers. Additionally, the increasing adoption of e-commerce and online shopping is expected to boost the demand for digital inks, as more and more companies are opting for digital printing to meet the demands of their online customers.
Moreover, the development of advanced digital inks with improved properties, such as eco-friendliness, high scratch resistance, and enhanced adhesion to substrates, is further propelling the growth of the digital inks market. The increasing use of digital inks in various end-use industries, such as food and beverages, electronics, and automotive, is also contributing to the growth of the market.
Geographically, the Asia Pacific region is expected to witness significant growth in the digital inks market, owing to the increasing demand for digital printing in countries like China and India. Furthermore, the presence of several prominent manufacturers of digital inks in the region is also expected to boost market growth.
Overall, the digital inks market is poised to witness significant growth in the upcoming years, driven by the increasing demand for digital printing, customization, and personalization, as well as the development of advanced digital inks with improved properties.
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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