The Global Digital Inks Market to Grow at CAGR of 6.05% by 2028

Triton Market Research presents the Global Digital Inks Market segmented by Substrate (Ceramic & Glass, Textile, Plastics, Others), Technology Type (Ink-Jet, Electrography), Application (Office Printing, Industrial Printing, Packaging [Rigid Containers, Flexible Packaging, Retail Bags and Sacks, Labels], Textile, Commercial Printing, Publication [Books, Periodicals, Newspapers, Others], Others), Ink Type (UV Ink [Universal UV Ink, Flexible UV Ink, Rigid UV Ink], Water-Based Ink [Pigment Ink, Dye Ink], Digital Textile Ink [Textile Pigment Ink, Reactive Ink, Sublimation Ink, Acid Ink, Disperse Ink], Packaging Ink [Soft Packaging Ink, Label Ink, Other Packaging Inks], Solvent Ink [Eco Solvent Ink, Other Solvent Ink], Others [Glass Ink, Ceramic Ink, Desktop Ink, Circuit Board Ink]), and Geography (Middle East and Africa, Asia-Pacific, Europe, Latin America, North America). The report further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter's Five Forces Analysis, Industry Standards, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's report infers that the global digital inks market is envisioned to witness growth in revenue and volume by 6.05% and 5.17% of CAGR, respectively, during the anticipated phase of 2021-2028.

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Inkjet technology is a growing trend used to create graphics on ceramic tiles, increasing their demand in the market. The use of digital ink offers growth opportunities to the printing industry worldwide.

With the technological advancements, manufacturers might lower the cost of UV curable inks in the upcoming years. For instance, manufacturers are introducing advanced technologies, such as LED-UV, which opens new avenues for the studied market. However, developing countries face the challenge related to finances, owing to the limited availability of skilled professionals and high-tech equipment. Hence, the high initial cost negatively impacts the digital inks market globally.

Globally, North America is anticipated to witness the fastest growth rate in the digital inks market over the forecast period. The growth in the textile industry, paired with a revolution in the fashion industry, has increased the adoption of digital printing across the United States. Furthermore, the adoption of digital printing in the packaging industry has grown significantly in the country, adding to the studied market's progress. Here, innovative product packaging is another factor that has increased the need for digital printing, thereby enhancing the demand for digital inks.

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

The competition level in the digital ink market is at a moderate level, with brands competing based on price, design, quality, and technology. Only a few companies are undertaking strategic initiatives to expand their global presence. On the other hand, the high initial investments to set up manufacturing facilities, along with a distribution network, reduces the threat of new market players in the digital inks market.

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