Global Digital Ink Market Growth ascribed to the Expanding Demand for 3D Printing

According to Inkwood Research, the Global Digital Ink Market is estimated to record a CAGR of 5.60% in terms of revenue and 4.72% in terms of volume during the forecasting years of 2021-2028.

"Browse 165 Market Data Tables and 87 Figures spread over 227 Pages, along with an in-depth TOC on the Global Digital Ink Market Forecast 2021-2028."

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Digital ink refers to the technology digitally representing handwriting in its natural form. In terms of a typical digital ink system, a digitizer is placed over or under an LCD screen in order to generate an electromagnetic field. It is capable of capturing the movements of a special-purpose pen and record them on the screen.

Rising Demand for 3D Printing to Fuel Market Growth
3D printing is widely prevalent and preferred across industries, such as medical, manufacturing, and sociocultural sectors. As a result, 3D printing is a successful commercial technology in the present scenario. In this regard, fashion designers are avidly experimenting with 3D printed shoes, dresses, and t-shirts. Several enterprises are also printing consumer-grade eyewear, in addition to on-demand styling and custom-fit. On the other hand, virtual planning of surgery as well as guidance using 3D printing technology is being applied across various surgical areas. These include craniomaxillofacial reconstruction and total joint replacement, with high success rates.
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Textile is the Fastest-Growing Application in Terms of Volume and Revenue
Digital textile printing inks are primarily used for printing promotional wear, jackets, and t-shirts. The inks are also utilized on large format textile rolls in order to increase the output per length. The segment has continued to observe substantial growth, on account of the augmenting demand for advertisements, as well as corporate brandings like retail graphics, flags, and banners.

Europe is the Dominating Region under Volume and Revenue
The extensive market growth in Europe is credited to the massive customer base, in addition to the presence of key players across the region. As the largest consumer of digital inks, the industrial printing application's growth is mainly attributed to the increasing demand from industries, such as personal care and cosmetics, packaging, textile, and automotive, among others. However, developments in modern information technology pose significant challenges to the printing ink industry. The growing popularity of electronic media indicates that books and newspapers are widely read on e-reading platforms, while correspondence and information are exchanged through the internet.
On the basis of the in-depth industrial analysis, the global digital inks market is set to witness moderate industrial rivalry across the peripheral equipment division, specifically among conventional laserjet and inkjet printer manufacturers. Some of the key players operating in the global digital ink market include Flint Group, DuPont, DIC Corporation, Dover Corporation, etc.

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GLOBAL DIGITAL TEXTILE PRINTING INKS MARKET
GLOBAL FLEXIBLE PACKAGING MARKET

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