According to the recent research report titled ‘Global Digital Inks Market 2021-2028’, available with Market Study Report, global digital inks market is projected to expand with a CAGR of 5.17% in terms of volume, and 6.05% CAGR in terms of revenue over 2021-2028.
 

Escalating demand from the packaging sector, increasing development of various printing methods, and surging demand for 3D printing are the key factors facilitating global digital inks market growth, claims the study.
 

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Technological advancements is further anticipated to offer various growth opportunities for businesses in the market. However, strict norms for food packaging inks, declining physical publishing market demand, and high initial investments requirement are likely to hinder the industry remuneration scope over the forecast period.
 

Based on technology type, the market is divided into inkjet and electrography. As per substrate gamut, the industry segmentation comprises ceramic & glass, plastics, textile, and others.
 

With respect to ink type, the market is split into digital textile ink (acid ink, reactive ink, textile pigment ink, disperse ink, sublimation ink), UV ink (flexible UV ink, universal UV ink, rigid UV ink), solvent ink (eco solvent ink, others), water-based ink (pigment ink, dye ink), packaging ink (soft packaging ink, label ink, others), and others (circuit board ink, ceramic ink, glass ink, desktop ink).
 

Elaborating on application spectrum, worldwide digital inks industry is bifurcated into office printing, commercial printing, packaging (retail bags and sacks, labels, rigid containers, flexible packaging), industrial printing, publication (newspapers, books, periodicals, others), textile, and others.
 

Speaking from a regional perspective, Latin America, Asia Pacific, Europe, North America are the major growth avenues for the market. The report states that Europe industry is expected to showcase robust CAGR in terms of both volume and revenue over the coming years, creditable to surging product demand for industrial printing applications. This can be ascribed to strong presence of various end-user industries like personal care & cosmetics, automotive, textile, and packaging.
 

Major contenders defining the competitive landscape of global digital inks market sphere are Zhuhai Print-Rite New Materials Corporation Limited (PMZ), Wikoff Color Corporation, Toyo Ink SC Holdings Co. Ltd., Sakata Inx Corporation, REDGiant Inc. (Inkrang), Nazdar Ink Technologies, Marabu GmbH & Co. KG, InkTec Co. Ltd., Flint Group, Encres Dubuit, and Dover Corporation among others.