Global Digital Inks Market Overview –
Using laser printers or high-volume inkjet printers, global digital inks market are most commonly used to print digital images directly onto a variety of media. Electrographic inks and inkjet inks are two types of digital inks. Computer printouts and labels are the primary uses for this type of ink. Mineral oils, intermediates, solvents, and resins, all of which derive from petrochemicals, are the primary raw materials used to make digital inks. With digital inks, print quality for graphics, text, and images is better and faster. Many different applications rely on digital inks such as variable data printing (VDP), computer-aided design (CAD), print advertising, and fine art.
Scope of the Report –
The digital ink market is segmented by type water-based inks, oil-based inks, solvent-based inks, UV curing inks, and other types. The market is segmented by application into automotive and technical markings, construction, packaging, promotional materials, textiles, and other applications. The report also covers the market size of and forecasts for the digital ink market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
Research Methodology –
Data on key vendor revenues was gathered through secondary sources such as Hoovers, Bloomberg, Chemical Weekly, Factiva and other government and private websites in order to begin estimating and forecasting the global digital inks market. Market segmentation also takes into account the products and services offered by vendors.
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A market size estimate was used to create segments and subsegments, which were then confirmed through primary research, including interviews with CEOs, VPs, directors, and other key executives. All of the market segments and subsegments were analysed using data triangulation techniques as well as market breakdown procedures. The breakdown of primaries’ profiles is shown in the following figure.
Key Digital Inks Market Trends –
The report identifies, determines, and forecasts the Global Digital Inks Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
Industry to Industry Holds Largest Share in the Digital Inks Market
It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
Demand from Regional / geographical is expected to drive the Growth
Rising Adoption of Market Segments in the Digital Inks Growth
North American, Europe is expected to Witness Higher Growth Rate over the Forecast Period
It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Digital Inks Market.
COVID-19 Impact Analysis –
The COVID-19 pandemic had a significant impact on the on trade segment and Industry.
Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation.
The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global Digital Inks industry is expected to stabilize after 2021.
The liquor industry was not impacted severely due to the pandemic.
Market Dynamics –
Increasing demand for digital inks in multiple applications among various industries such as packaging, restaurants and food services, ceramic tiles, and others across the globe. This is a key factor projected to boost the growth of the target market over the forecast period. In addition, increasing adoption of digital imaging across the globe and growing demand for UV curable inks among several industries in developed and developing countries these are major factors expected to proliferate growth of the global digital inks market.
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Increasing adoption of the digital textile printing inks in the textile industry and growing awareness about various advantages of digital inks such as enhanced image stability, customization, limited turn-around time, and high-quality prints. This result in a growing demand for digital inks among various industries is a key factor forecasted to support growth of the global market during the forecast period. In addition, rising preference for eco-friendly digital printing in many regions of the globe and the increasing popularity of piezo printing technology among individuals are other factors expected to drive growth of the global market.
Key Players –
Sun Chemical
Inx International Ink
Toyo Ink SC Holdings Co.
JK Group
Nazdar Company
Fujifilm Holdings Corporation
Marabu
Sensient Imaging Technologies
Nutec Digital Ink
Bordeaux Digital Printink Ltd.
By Type –
Solvent-based
Water-based
UV-cured
Others
By Applications –
Advertising & Promotion
Ceramic Tiles Printing
Clothing & Household Textiles
Packaging
Publication
Glass Printing
Others
Regional Analysis –
North America
Europe
Asia Pacific
Middle East & Africa
Latin America