Press release
Digital Inks Market Set to Reach $4.99 Billion by 2028, Fueled by Technological Advancements
Digital Inks Market Report
Digital Inks Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.09 billion In 2028 At A CAGR Of 9.6%:
The digital inks market size has grown strongly in recent years. It will grow from $3.25 billion in 2023 to $3.54 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to adoption of uv-curable inks, global economic trends, increased graphic arts usage, packaging industry demand, textile and apparel printing.
The digital inks market size is expected to see strong growth in the next few years. It will grow to $4.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to regulatory developments, global economic conditions, increasing digital printing demand, expanded application scope, customization and personalization. Major trends in the forecast period include advancements in inkjet technology, expanded digital printing applications, diversification of ink formulations, sustainability and eco-friendly inks, quality and performance enhancement.
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Digital Inks Market Major Segments
The digital inks market covered in this report is segmented -
1) By Formulation: Solvent-based, Water-based, UV-cured, Other Formulations
2) By Substrate: Plastics, Textile, Ceramics & Glass, Paper
3) By Technology Type: Electrography, Ink-Jet
4) By Application: Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, Packaging, Publication, Glass Printing, Others Applications
Key Driver - The Impact Of Rising Ceramic Tiles Demand On The Digital Ink Market
The increase in demand for the ceramic tiles industry is expected to propel the growth of the digital ink market going forward. A ceramic is an inorganic non-metallic solid consisting of either metal or non-metal compounds that have been formed and then hardened by heating to high temperatures. Ceramic decorators use digital printing inks to print in small batches, save inventory costs, and successfully meet the shifting needs of the ceramic inks industry. For instance, In November 2021, according to a report published by MECS Study Centre, the production of ceramic tiles is expected to grow by 918 mIN m2 in 2025. Additionally, the consumption of ceramic tiles is expected to grow by 1266 mIN m2 in 2025. Furthermore, according to an article published by Floor Covering News, a US-based company specializing in publishing content in the retail floor covering chain, the sales of ceramics increased by 8.2% to $3.077 billion in 2021 in the US. Therefore, the increase in demand for the ceramic tiles industry is driving the growth of the digital ink market.
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Prominent Trend - Innovative Advancements In The Digital Ink Market
Major companies operating in the digital ink market are developing innovative products such as sublimation inks to meet larger customer bases, more sales, and increase revenue. Sublimation ink is a specialized type of ink used in sublimation printing processes. For instance, in March 2022, Sun Chemical, a US-based chemical company, launched ElvaJet Topaz SC. The distinctive aspect of this innovative solution is its focus on improving user-friendliness and the on-printer experience by broadening the ink operating window, guaranteeing accurate jetting performance. This broadened compatibility across systems not only boosts reliability significantly but also minimizes dependence on the waveform. Simultaneously, the product offers heightened image quality with optimized jetting performance across all drop sizes, providing the flexibility to print any design without compromising quality. Sun Chemical's meticulous consideration of jetting behavior in developing ElvaJet Topaz SC guarantees excellent drop control across the complete spectrum of Kyocera printheads, contributing to its exceptional user-friendliness in day-to-day operations.
Digital Inks Market Players
Major companies operating in the digital inks market report are Sun Chemical Corp., AM Printex, Cabot Corporation, DuPont Inc., Flint Group, FUJIFILM Holdings America Corporation, Independent Ink Inc., INKCID, INX International Ink, Itaca Group, JK Group Spa, Marabu GmbH & Co. KG, Navratan LLP, Nazdar Inks & Coatings Inc., NUtec Digital Ink (Pty) Ltd., Sensient Technologies Corporation, Siegwerk Druckfarben, Toyo Ink SC Holdings Co., Wikoff Color Corporation, Bordeaux Digital PrintInk Ltd., Brother Industries Ltd., Canon Inc., Colorjet India Ltd., Hongsam Digital Science & Technology Co. Ltd., HP Inc., Inktec Co. Ltd., INX International Ink Co., JK Agri Genetics Ltd., Mimaki Engineering Co. Ltd., Nuova GIDUE S.r.l., Ricoh Company Ltd., Roland DG Corporation, Seiko Epson Corporation
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the digital ink market share in 2023 and expected to be the fastest-growing region in the forecast period. The regions covered in the digital inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Inks Market Report Structure
3. Digital Inks Market Trends And Strategies
4. Digital Inks Market - Macro Economic Scenario
5. Digital Inks Market Size And Growth
…..
27. Digital Inks Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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