According to a new report published by Allied Market Research titled, "Global Digital Ink Market by Type, Technology Type, Substrate Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the digital ink market accounted for revenue of $2.6 billion in 2018 and is anticipated to generate $4.3 billion by 2026. The market is projected to experience growth at a CAGR of 6.1% from 2019 to 2026.
Digital ink can be defined as ink used in digital printing process, this process enables inks or drawings to be printed electronically to substrates or documents.
The global digital ink market is analyzed on the basis of ink type, technology type, substrate, application, and region. Depending on type, the market is categorized into digital textile ink, UV ink, solvent ink, water-based ink, packaging ink, and others. By technology type, it is classified into electrography, ink-jet. Different types of substrates analyzed in the report textiles, plastics, ceramic & glass, and others. Various applications of digital inks studied in the market are commercial printing, office printing, packaging, industrial printing, publication, textiles, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The digital ink market share is analyzed across all the main regions and countries.
By ink type, the digital textile ink segment dominated the global digital ink market, in 2018. UV ink has the second highest share in the market in temrs of revenue. This is attributed to its high-energy efficiency. Its other advantages include line efficiency, quality control, and product consistency. UV curable inks enhance the performance of the printer, thereby increasing the speed of the process. UV curable inks are more efficient than traditional printers are as they emit very small amounts of volatile organic compounds and generally require no add-on air pollution control equipment. UV curable inks find frequent application in the publications, automobile, consumer goods and others.
On the basis of technology type, ink-jet is anticipated to grow at fastest growth rate. Ink-jet printing technology is anticipated to witness significant growth during the analysis period owing to surge in the demand from industrial printing and the 3D printing industry.
By substrate, the plastic segment has garnered a dominant share in the market. Plastic is highly adopted in packaging sector as it is lightweight, easy to handle, cost effective, and others.
By region, Asia-Pacific has gained a second highest share in the market in terms of volume and revenue. This is attributed to the presence of large consumer base such as packaging, textiles, and others in countries such as China, Japan, and India.
The digital ink market analysis covers in-depth information of the major industry participants. The key player operating and profiled in the market includes DIC Corporation, Dover Corporation, Du Pont, Flint Group, Marabu GmbH & Co. KG, Nazdar Ink Technologies, Sakata Inx Corporation, Toyo Inc., Sc Holdings Co. Ltd., Wikoff Color Corporation, and Zhuhai Print-Rite New Materials Corporation Limited (PMZ).
Other players in the value chain of the market include AM Printex, Digitex India Inc., APV Engineered Coatings, Eastern Marking Machine Corp., T&K Toka Corporation, and Leibinger Group.
Key Findings of the Study:
- The Digital ink Market is analyzed from 2018 to 2026
- The Europe is projected to grow at the highest CAGR of nearly 5.8%, in terms of revenue during the forecast period
- Based on the type, the digital textile ink segment is anticipated to grow at highest growth rate of 9.0% during the forecast period, in terms of revenue
- Europe dominated the market with a share of over 48.8% in 2018
- A comprehensive analysis of the factors that drive and restrain the market growth is provided
- The qualitative data in this report aims at the market dynamics, trends, and developments in the industry
- The digital ink market size in provided in terms of revenue and volume