Press release
Digital Inks Global Market Report 2024 - By Growth, Report, Share, Drivers, Forecast To 2033
Digital Inks Market
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.
Market Overview -
Digital ink refers to a form of technology that allows handwriting and drawings to be added to papers electronically and viewed on a monitor screen. A digital ink system employs a special digital pen or stylus to capture what is scribbled on digital paper electronically. These inks combine a water-based solvent with UV ink technology.
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The Impact Of Rising Ceramic Tiles Demand On The Digital Ink Market
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.
Competitive Landscape -
Major companies operating in the digital inks market report are Sun Chemical Corp., AM Printex, Cabot Corporation, DuPont Inc., Flint Group, FUJIFILM Holdings America Corporation, Independent Ink Inc., INKCID, INX International Ink, Itaca Group, JK Group Spa, Marabu GmbH & Co. KG, Navratan LLP, Nazdar Inks & Coatings Inc., NUtec Digital Ink (Pty) Ltd., Sensient Technologies Corporation, Siegwerk Druckfarben, Toyo Ink SC Holdings Co., Wikoff Color Corporation, Bordeaux Digital PrintInk Ltd., Brother Industries Ltd., Canon Inc., Colorjet India Ltd., Hongsam Digital Science & Technology Co. Ltd., HP Inc., Inktec Co. Ltd., INX International Ink Co., JK Agri Genetics Ltd., Mimaki Engineering Co. Ltd., Nuova GIDUE S.r.l., Ricoh Company Ltd., Roland DG Corporation, Seiko Epson Corporation
Innovative Advancements In The Digital Ink Market
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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