Global Digital Ink Market Growth Growth Overview, Size, Future Trends, Share, Opportunities and Forecast to 2030
"Browse 145 Market Data Tables and 86 Figures spread over 155 Pages, along with an in-depth TOC on the Global Digital Ink Market Forecast 2021-2028."
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Digital ink is a form of technology that enables handwriting to be added electronically to documents. It usually refers to the ink portion of the inking technology, generally used with electronic paper. Digital ink has replaced traditional ink in animation.
Increasing Demand from Packaging Inks Fuels Market Growth
The rising application of digital printing is set to revolutionize the packaging industry. Digital printing has extended to label production and electrophotography. It is popular among several brand owners, given its quick turnaround capability. The variable data capacity of the digital press enables personalization and versioning in food & beverage organizations. Coco-Cola's 'Share a Coke' campaign in the US and 35 European countries printed over 750 million packages, taking advantage of digital press.
Moreover, the recent developments in digital orienting include, digital carton cutting, creasing, and other completion technologies. This has increased its applications in folding cartons, flexible packaging, and corrugated packaging. Furthermore, the inkjet process is used for printing large formats on a vast range of substrates. This makes it suitable for packaging, which can be further integrated into the existing conversion lines. Thus, there is an increase in the demand for printing inks for large hoardings and billboard labels. Such factors are set to contribute to the global digital ink market growth.
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Electrography to fare the highest CAGR in terms of Revenue & Volume
Electrography, also known as electrostatic technology, is one of the latest technologies in the market. The printing process using electrography entails three steps. First, an electrostatic image is created using a writing head comprising a range of styli. Thereafter, voltage is applied to selected styli. Secondly, a latent electrostatic image is developed using a liquid toner of opposite charge. The third step involves the fusion of toner on the paper or film.
Further, electrography is one of the key trends predominately used for printing labels. The rising demand for manufactured goods in the Asia Pacific and LAMEA propels the adoption of the packaging and labels. Such factors are set to surge the demand for electrography technology.
Asia Pacific - The Leading Region in terms of Revenue & Volume
The region has the presence of developing countries like India and China, contributing to its market prospects. The industrial development in these countries has increased the adoption of digital ink. India is also one of the prominent countries in the packaging industry. Moreover, the apparel industry is transitioning, further making the region a conducive market for digital inks.
The competitive rivalry is moderate. The market enables companies with backward integration for ensuring raw material availability and decreasing manufacturing costs. New product development is one of the deciding factors for market players. Some of the major players in the market include, Flint Group, Du Pont, Nazdar Ink Technologies, Marabu GmbH & Co KG, etc.
GLOBAL 4D PRINTING MARKET
GLOBAL 3D PRINTING MARKET
DIGITAL TEXTILE PRINTING INKS MARKET
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