Global Digital Inks Market Insights, Segment Analysis, Growth Drivers and Future Scope

Digital inks are used to print digital images on a wide range of print media, as they reduce the time taken for on-demand printing, thereby resulting in cost reduction. Unlike traditional printing methods, such as lithography, gravure, and flexography, the digital printing does not require the replacement of printing plates. The surging use of these inks can be attributed to the increasing shift toward eco-friendly inks and advancements in printing technology. Technological developments in the printing sector, such as development of piezo technology-based inkjet printheads, will boost the adoption of digital inks in the coming years.

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Moreover, the surging investments in research and development (R&D) of printing technology will help the digital inks market advance at 5.4% CAGR during 2017–2023. According to P&S Intelligence, the market revenue reached $1,147.4 million in 2016. In recent years, digital ink manufacturers, such as Nitro Quimica and Siegwerk Budingen, have heavily invested in R&D to improve their products and services in the printing sector. Furthermore, Siegwerk Budingen has made extensive investments in the establishment of regional centers of excellence, dedicated to the manufacturing and automation domains.

Currently, inkjet and electrography inks manufactured by Flint Group, Toyo Ink SC Holdings Co. Ltd., Sakata Inx Corporation, Sun Chemical Corporation, Nazdar Ink Technologies, E.I. du Pont de Nemours and Company, Wikoff Color Corporation, and Marabu GmbH & Co. KG are being used in commercial printing, packaging, office printing, publication, textiles, and industrial printing applications. In contemporary times, electrography inks were consumed in higher quantity, due to their high-volume consumption in photocopy machines and computer laser printers, on account of high-orienting speed and excellent text, graphic, and image quality displayed by them.

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Geographically, North America led the digital inks market in the historical period, and it is also expected to retain its dominance in the foreseeable future. This is ascribed to the flourishing electronics sector and burgeoning demand for digital inks in the office printing and commercial sectors. Besides, the surging need for environment-friendly inks will propel the consumption of digital inks in the region. Whereas, APAC will adopt such inks at the highest rate in the coming years, due to the booming commercial printing and office printing in India and China.

Therefore, the rising technological advancements in printing technology and mounting investments being made in R&D will propel the usage of digital inks in the future.

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