June 14, 2021
According to the report titled ‘GLOBAL Digital Inks Market 2021-2028’, available with Market Study Report, global digital inks market is anticipated to grow with a CAGR of 5.17% with regards to volume and 6.05% with regards to revenue through 2028.
Report finding suggest that factors backing the surge of global digital inks market size are rise in demand for 3D printing technology, extensive adoption of digital inks in packaging sector, and development of various printing methods.
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On the downside, high setup costs, declining popularity of physical publishing, and strict norms for food packaging inks are acting as major challenges as well as arrestors for the market outlook.
Based on technology type, global digital inks industry is bifurcated as electrography and inkjet. In terms of substrate, the market is classified into textile, plastic, ceramic & glass, and others.
Covering the ink type, digital inks market report entails variations namely, solvent ink, water-based ink, digital textile ink, packaging ink, UV ink, and others. While application spectrum includes commercial printing, office printing, packaging, industrial printing, publication, textile, and others
Geographically, worldwide digital inks market dynamics are studied across Asia-Pacific, Latin America, Middle East & Africa, Europe, and North America.
As per the report, Europe dominated the market share in the recent past and is slated to generate massive revenues in the ensuing years. This is supposedly due to large customer base and presence of renowned companies in the region. Ever-increasing demand of digital inks for industrial printing application by end user verticals such as packaging, textile, automotive, personal care, and cosmetics is also impelling the business scenario in Europe.
Companies catering to global digital inks industry space are Agfa-Gevaert N.V., Flint Group, InkTec, Dover Corporation, REDGiant Inc., SAKATA INX CORPORATION, Marabu GmbH & Co. KG, AlphaChem Corporation, Toyo Ink Mfg. Co. Ltd., Zhuhai Print-Rite New Materials Corporation Limited, Wikoff Color Corporation, DuPont de Nemours Inc., DIC Corporation, Encres DUBUIT, and Nazdar Company Inc.