The business intelligence report titled ‘GLOBAL DIGITAL INKS MARKET 2021-2028’, available with MarketStudyReport, states that the global digital inks market is slated to record a year-over-year growth rate of 6.05% by revenue and 5.17% by volume during 2021-2028.

Decisive findings by experts cite that soaring demand for 3D printing technology combined with development of several printing methods and rapid adoption of the digital inks in the packaging sector are factors fueling global digital inks market growth. Further, innovative technological advances may broaden the horizon of the market in the forthcoming years.

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On the contrary, decline of the publishing industry, strict regulations pertaining to food packaging inks, and high cost of installation the printing technology are some of the challenges that restrict industry progress, claims the study. 

Moving on to segmentation, the industry is bifurcated on the basis of technology (electrography, inkjet), substrate (ceramic & glass, plastics, others), ink type (water-based ink, packaging ink, UV ink, digital textile ink, solvent ink and other inks), application (packaging, office printing, commercial printing, textile, publication, industrial printing, others), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). 

From a regional viewpoint, Europe currently captures majority of the global digital inks market share in terms of revenue and volume, to high demand from various end-use sectors, prevalence of major players in the region, and presence of a huge consumer base.

The competitive landscape of this domain is majorly influenced by key players like Nazdar Ink Technologies, Inc., Zhuhai Print-Rite New Materials Corporation Ltd., Sakata Inx Corporation, DIC Corporation, DuPont de Nemours Inc., Toyo Ink Co., Ltd., Dover Corporation, Wikoff Color Corporation, Flint Group, AlphaChem Co. Ltd., InkTec Co. Ltd., Marabu GmbH & Co. KG, Encres Dubuit and Afga Gevaert N.V.  

These companies are constantly directing their efforts towards R&D activities and other strategies to improve their product offerings and meet growing consumer demands, so as to maintain a strong foothold in the marketplace.