As cited by the research report titled ‘Global Digital Inks Market 2021-2028’, available with MarketStudyReport, global digital inks market is projected to expand with 6.05% CAGR in terms of revenue, and 5.17% CAGR in terms of volume over the period of 2021-2028.
 

Increasing demand for 3D printing technology is a major factor driving global digital inks market growth. Moreover, growing adoption of digital inks in the packaging sector along with rapid development of various printing methods are augmenting the market scope. Advancements in technology are generating lucrative prospects for the market development as well.
 

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Speaking of negatives, high initial costs, declining popularity of physical publishing, and stringent regulations for food packaging are likely to hinder the industry progression over the estimated timeframe.
 

Based on technology type, global digital inks industry is segmented into electrography and inkjet. By substrate the marketplace is divided into textile, plastics, ceramic & glass, and others. In terms of ink type, the business space is categorized into packaging ink, digital textile ink, solvent ink, UV ink, water-based ink, and others.

 

Moving on to application range, the industry space is bifurcated into publication, commercial printing, packaging, office printing, industrial printing, textile, and others.
 

The geographical analysis of the industry is done for major regions like North America, Asia Pacific, Europe, Latin America, Middle East & Africa, and rest of the world.
 

Experts cite that Europe is poised to grab a significant market share in the coming years, owing to large consumer base coupled with high concentration of prominent companies in the region. Moreover, there has been an increase in demand for digital inks from industrial printing application on account of high presence of many end users, such as packaging, automotive, textile, personal care & cosmetics, and other industries.
 

Prominent players influencing the global digital inks industry dynamics are Flint Group, Encres Dubuit, DuPont de Nemours Inc., Dover Corporation, Agfa-Gevaert N.V., AlphaChem Co. Ltd., Zhuhai Print-Rite New Materials Corporation Limited (PMZ), Wikoff Color Corporation, Toyo Ink SC Holdings Co. Ltd., Sakata Inx Corporation, REDGiant Inc., Nazdar Ink Technologies, Marabu GmbH & Co. KG, and InkTec.