The Global Digital Inks Market Assessed to Attain $6010.28 Million in Revenue by 2028

A recent study by Triton Market Research titled 'Global Digital Inks Market' comprises the Global Analysis and Forecasts by Ink Type (Solvent Ink [Eco Solvent Ink, Other Solvent Ink], Digital Textile Ink [Reactive Ink, Acid Ink, Textile Pigment Ink, Disperse Ink, Sublimation Ink], Water-Based Ink [Dye Ink, Pigment Ink], Packaging Ink [Label Ink, Soft Packaging Ink, Other Packaging Inks], UV Ink [Flexible UV Ink, Rigid UV Ink, Universal UV Ink], Others [Ceramic Ink, Circuit Board Ink, Glass Ink, Desktop Ink]), Substrate (Plastics, Ceramic & Glass, Textile, Others), Application (Industrial Printing, Commercial Printing, Office Printing, Textile, Publication [Newspapers, Books, Periodicals, Others], Packaging [Retail Bags and Sacks, Rigid Containers, Flexible Packaging, Labels], Others), Technology Type (Electrography, Ink-Jet), and Geography (Europe, North America, Middle East and Africa, Latin America, Asia-Pacific).

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Triton's report suggests that the global digital inks market is estimated to develop based on revenue and volume at a CAGR of 6.05% and 5.17%, respectively, through the years 2021-2028. It is further estimated to display revenue worth $6010.28 million by 2028.

Digital ink technology has gained immense traction having applications across various industries, including publication, packaging, industrial, and textile, among others. For instance, inkjet technology is used to form graphics on ceramic tiles, which has increased the demand for ceramic tiles among consumers.

Digital printing is gaining significant traction in the packaging industry, specifically in label production. Additionally, the packaging industry is anticipated to witness robust growth in the next few years, owing to the rising application of digital printing technologies. Hence, the rapid expansion in the packaging sector is motivating the growth of the digital inks market globally. Besides, the surge in demand for 3D printing and the development of various printing methods are driving the development of the digital inks market to a large extend. However, the decline in the publishing market, high initial cost, and strict rules for food packaging inks are major restraints impacting the digital inks market's progression.

The market for digital inks is divided into ink type, substrate, application, and technology type. Based on ink type, the segmentation is into solvent ink, digital textile ink, water-based ink, packaging ink, UV ink, and others. These segments are further subdivided with solvent ink bifurcated into eco-solvent ink and other solvent ink. The digital textile ink is subdivided into reactive ink, acid ink, textile pigment ink, disperse ink, and sublimation ink. Similarly, water-based ink is categorized into dye ink and pigment ink. The packaging ink is segmented into label ink, soft packaging ink, and other packaging inks; UV ink is branched into flexible UV ink, rigid UV ink, and universal UV ink. Lastly, the others section is segregated into ceramic ink, circuit board ink, glass ink, and desktop ink.

Furthermore, the substrate section is sub-sectioned into plastics, ceramic & glass, textile, and others. The application section is segmented into industrial printing, commercial printing, office printing, textile, publication, packaging, and others. Here, the publication segment is sectioned further into newspapers, books, periodicals, and others. Similarly, the packaging is divided into retail bags and sacks, rigid containers, flexible packaging, and others. The technology type is divided as per electrography and ink-jet.

Geographically, Europe is leading the digital inks market. Among the region's nations, the growing number of food processing industries has resulted in high demand for flexible packaging in Germany.

Huhtamaki organization strengthen its position in the foodservice packaging segment by investing and setting manufacturing unit in Alf city. This unit specifically focuses on the manufacturing of bioplastic drinking cups and containers. This growth in flexible packaging indirectly amplifies the demand for digital printing inks to increase packaging value. Hence, such developments in flexible packaging are supplementing the growth of the digital inks market across the region.

AGFA-Gevaert Nv (AGFA), Alphachem Co Ltd (Inkmate), Dover Corporation, Encres Dubuit, Flint Group, Toyo Ink Sc Holdings Co Ltd, DIC Corporation, Zhuhai Print-Rite New Materials Corporation Limited (Pmz), Nazdar Ink Technologies, Dupont, Sakata Inx Corporation, Marabu GmbH & Co KG, Inktec, Wikoff Color Corporation, and Redgaint Inc (Inkrang) are leading companies in the digital inks market.

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Question & Answer: Digital Inks Market

Question 1: What elements are driving the development of the digital inks market?
Answer: Digital printing is gaining significant traction in the packaging industry, specifically in label production. Additionally, the packaging industry is anticipated to witness robust growth in the next few years, owing to the rising application of digital printing technologies. Hence, the rapid expansion in the packaging sector is motivating the growth of the digital inks market globally.

Besides, the surge in demand for 3D printing and the development of various printing methods are driving the development of the digital inks market to a large extend.

Question 2: What are the major restraints impacting the digital inks market's progression?
Answer: The decline in the publishing market, high initial cost, and strict rules for food packaging inks are major restraints impacting the digital inks market's progression.

Question 3: Which region is leading in the digital inks market?
Answer: Geographically, Europe is leading the digital inks market. Among the region's nations, the growing number of food processing industries has resulted in high demand for flexible packaging in Germany. Huhtamaki organization strengthen its position in the foodservice packaging segment by investing and setting manufacturing unit in Alf city.

This unit specifically focuses on the manufacturing of bioplastic drinking cups and containers. This growth in flexible packaging indirectly amplifies the demand for digital printing inks to increase packaging value. Hence, such developments in flexible packaging are supplementing the growth of the digital inks market across the region.

Question 4: Which are the leading companies in the digital inks market?
Answer: AGFA-Gevaert Nv (AGFA), Alphachem Co Ltd (Inkmate), Dover Corporation, Encres Dubuit, Flint Group, Toyo Ink Sc Holdings Co Ltd, DIC Corporation, Zhuhai Print-Rite New Materials Corporation Limited (Pmz), Nazdar Ink Technologies, Dupont, Sakata Inx Corporation, Marabu GmbH & Co KG, Inktec, Wikoff Color Corporation, and Redgaint Inc (Inkrang) are leading companies in the digital inks market.


Related Report:
Global 3D Printing Market - https://www.tritonmarketresearch.com/reports/3d-printing-market

The global 3D printing market is forecasted to showcase growth in its revenue during 2019-2027 at a CAGR of 16.54%.

3D printing is referred to as revolutionary technology, which has the potential to transform operations in business, manufacturing, and other sectors. It is considered to be a medium between the physical and digital world.

Factors such as logistically viable technology, flexibility for innovations, and fewer human errors are driving the progress of the studied market worldwide. Additionally, the rising application of 3D printing in the healthcare industry, coupled with adoption in other industries, has generated growth opportunities for the 3D printing market.

However, high implementation costs and a dearth of skilled workforce hamper the overall growth of the 3D printing market across the world.

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