The Digital Inks Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Inks Global Market Report 2024, The digital inks market size has grown strongly in recent years. It will grow from $3.25 billion in 2023 to $3.54 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to adoption of uv-curable inks, global economic trends, increased graphic arts usage, packaging industry demand, textile and apparel printing.
The digital inks market size is expected to see strong growth in the next few years. It will grow to $4.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to regulatory developments, global economic conditions, increasing digital printing demand, expanded application scope, customization and personalization.. Major trends in the forecast period include advancements in inkjet technology, expanded digital printing applications, diversification of ink formulations, sustainability and eco-friendly inks, quality and performance enhancement..
The increase in demand for the ceramic tiles industry is expected to propel the growth of the digital ink market going forward. A ceramic is an inorganic non-metallic solid consisting of either metal or non-metal compounds that have been formed and then hardened by heating to high temperatures. Ceramic decorators use digital printing inks to print in small batches, save inventory costs, and successfully meet the shifting needs of the ceramic inks industry. For instance, In November 2021, according to a report published by MECS Study Centre, the production of ceramic tiles is expected to grow by 918 mIN m2 in 2025. Additionally, the consumption of ceramic tiles is expected to grow by 1266 mIN m2 in 2025. Furthermore, according to an article published by Floor Covering News, a US-based company specializing in publishing content in the retail floor covering chain, the sales of ceramics increased by 8.2% to $3.077 billion in 2021 in the US. Therefore, the increase in demand for the ceramic tiles industry is driving the growth of the digital ink market.
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The digital inks market covered in this report is segmented –
1) By Formulation: Solvent-based, Water-based, UV-cured, Other Formulations
2) By Substrate: Plastics, Textile, Ceramics & Glass, Paper
3) By Technology Type: Electrography, Ink-Jet
4) By Application: Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, Packaging, Publication, Glass Printing, Others Applications
Top Major Players:
Sun Chemical Corp.
AM Printex
Cabot Corporation
DuPont Inc.
Flint Group
Asia-Pacific was the largest region in the digital ink market share in 2023
Major companies operating in the digital ink market are developing innovative products such as sublimation inks to meet larger customer bases, more sales, and increase revenue. Sublimation ink is a specialized type of ink used in sublimation printing processes. For instance, in March 2022, Sun Chemical, a US-based chemical company, launched ElvaJet Topaz SC. The distinctive aspect of this innovative solution is its focus on improving user-friendliness and the on-printer experience by broadening the ink operating window, guaranteeing accurate jetting performance. This broadened compatibility across systems not only boosts reliability significantly but also minimizes dependence on the waveform. Simultaneously, the product offers heightened image quality with optimized jetting performance across all drop sizes, providing the flexibility to print any design without compromising quality. Sun Chemical's meticulous consideration of jetting behavior in developing ElvaJet Topaz SC guarantees excellent drop control across the complete spectrum of Kyocera printheads, contributing to its exceptional user-friendliness in day-to-day operations.
The digital inks market report table of contents includes:
1. Executive Summary
2. Digital Inks Market Characteristics
3. Digital Inks Market Trends And Strategies
4. Digital Inks Market - Macro Economic Scenario
5. Global Digital Inks Market Size and Growth
…..
31. Global Digital Inks Market Competitive Benchmarking
32. Global Digital Inks Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digital Inks Market
34.Digital Inks Market Future Outlook and Potential Analysis
35. Appendix
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The global Digital Inks market is forecast to reach USD 4.77 Billion by 2026, according to a new report by Reports and Data.
The increasing demand from the textile industries across the globe will fuel the growth of the market.
Digital printers provide cleaner finish and use less space than conventional printing, thus allowing the use of unlimited color combinations.
The medical textile industry in the region has been improving the existing products, creating new ones with new materials, and innovating designs.
Some of these new products are being designed for less invasive surgical procedures, infection control, and accelerated healing.Further key findings from the report suggestThe inkjet inks are anticipated to witness a higher CAGR of 8.5% during the forecast period, owing to its outstanding image quality, particularly with color photos, as the ink technology uses thousands of ink droplets shot onto the paper.
The Asia Pacific region held the largest market share of ~31% in the year 2018, owing to the substantial investments in research and development of printing technologies.
