Digital Ink Market Overview
The digital ink market size was valued at $2.6 billion in 2018, and is expected to reach $4.3 billion by 2026, registering a CAGR of 6.1% from 2019 to 2026. Digital ink can be defined as ink used in digital printing process. This process enables handwriting and drawings to be added electronically to substrates or documents.
The digital ink market is expected to witness considerable growth owing to factors such as benefits of digital printing over traditional printing methods, growth of digital textile printing ink market, and others. However, the trend of online publishing hinders the growth of digital ink in the publication market. On the contrary, the growth of the packaging industry in developing countries such as India boosts the demand for digital ink in the market.
Segment Overview
The digital ink market is segmented into type, technology type, substrate type, application, and region. By type, the market is divided into digital textile ink, UV ink, solvent ink, water-based ink, packaging ink, and others. On the basis of technology type, the market is bifurcated into electrography and ink-jet. By substrate, the market is categorized into textile, plastics, ceramic & glass, and others. Various types of applications analyzed in the market are commercial printing, packaging, industrial printing, publication, and others. By region, it 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 Type
Digital Ink is projected as the most lucrative segment.
Digital Ink Market By Type
By type, the UV ink segment has garnered the highest market share in 2018. This is attributed to the advantages such as line efficiency, quality control, and product consistency. UV curable inks enhance the performance of the printer, thereby increasing the speed of the process. These inks are more efficient than traditional printers as they emit very small amounts of volatile organic compounds and generally require no add-on air pollution control equipment.
By Technology Type
Ink-Jet is projected as the most lucrative segment.
Digital Ink Market By Technology Type
By technology type, the ink-jet gained highest market in 2018. It has garnered 58.8%. Ink-jet printing technology is anticipated to witness significant growth during the analysis period owing to the surge in demand from industrial printing and the 3D printing industry. Ink-jet technology creates high-quality images. This technology can be used successfully on multiple substrates such as textiles, glass, synthetic printing materials, and others.
By Substrate
Plastics is projected as the most lucrative segment.
Digital Ink Market By Substrate
By substrate, the textiles segment is expected to grow at a fastest rate. Digital textile printing inks are used on large format rolls of textile to increase the output per length. The digital printing inks market has witnessed significant growth owing to increase in demand for advertisements and corporate branding such as flags, retail graphics, and banners.
By Application
Industrial Printing is projected as the most lucrative segment.
Digital Ink Market By Application
By application, the industrial printing garnered highest market share in 2018. This is attributed to the rise in demand for packaging printing in sectors such as personal care & cosmetics products, food, beverages, and others.
By Region
Europe holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.
Digital Ink Market By Region
By region, Asia-Pacific garnered the highest market share, and is anticipated to continue its dominance during the analysis period. This is attributed to the rise in consumer base in the region. Asia-Pacific consists of huge electronics manufacturing base. In addition, increase in disposable income is creating lucrative growth opportunities for the commercial refrigeration market in Asia-Pacific, which correspondingly surges the demand for digital ink.
Competitive Analysis
The digital ink market analysis covers in-depth information of the major industry participants. Some of the major players in the market include 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 digital ink market include AM Printex, Digitex India Inc., APV Engineered Coatings, Eastern Marking Machine Corp., T&K Toka Corporation, and Leibinger Group.
Key players are adopting numerous strategies such as product launch, acquisition, collaboration, partnership, product development, agreement, and business expansion, to stay competitive in the digital ink market. For instance, Flint Group acquired American Inks and Coatings (AIC) based in Pine Bluff, Ark. AIC develops inks and coatings for the packaging industry and focuses upon customers, product selection, product quality, technical and customer service. With this acquisition, Flint Group will extend its reach and expand its product portfolio as well as strengthening its overall support of packaging printers in the North America region.
In addition, the Nazdar Ink Technologies (Shawnee, Kansas) launched a new Nazdar 735 Ink Series for UV inkjet printing. It is designed specifically to allow the creation of durable graphics where color fidelity, adhesion and finishing are of primary importance. This product launch has strengthened company’s product portfolio
Key Benefits for Stakeholders
- The report provides an in-depth analysis of the forecast along with the current and future Digital ink Market trends
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building
- A comprehensive analysis of the factors that drive and restrain the digital ink market growth is provided
- The qualitative data in this report aims on market dynamics, trends, and developments
- The digital ink market size is provided in terms of revenue and volume
Key Market Segments
By Type
- Digital Textile Ink
- Sublimation Ink
- Disperse Ink
- Textile Pigment Ink
- Reactive Ink
- Acid Ink
- UV Ink
- Rigid UV Ink
- Universal UV Ink
- Flexible UV Ink
- Solvent Ink
- Eco Solvent
- Others
- Water-Based Ink
- Dye Ink
- Pigment Ink
- Packaging Ink
- Label Ink
- Soft Packaging Ink
- Others
- Others
- Desktop Ink
- Glass Ink
- Ceramic Ink
- Circuit Board Ink
By Technology Type
- Electrography
- Ink-Jet
By Substrate
- Textile
- Plastics
- Ceramic & Glass
- Others
By Application
- Commercial Printing
- Office Printing
- Packaging
- Flexible Packaging
- Rigid Containers
- Labels
- Retail Bags & Sacks
- Industrial Printing
- Publication
- Periodicals
- Books
- News Papers
- Others
- Textiles
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Spain
- Italy
- Russia
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- South Korea
- Vietnam
- Thailand
- Pakistan
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Columbia
- Egypt
- Iran
- Rest of LAMEA
Digital Ink Market Report Highlights
| Aspects | Details |
 By INK TYPE |
|
 By TECHNOLOGY TYPE |
|
 By SUBSTRATE |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | Sakata Inx Corporation, Dover Corporation, Zhuhai Print-Rite New Materials Corporation Limited (PMZ)., Nazdar Ink Technologies, Marabu GmbH & Co. KG, Toyo Inc, Sc Holdings Co. Ltd., Du Pont, Wikoff Color Corporation,, Flint Group, DIC Corporation |
 | AM Printex, Digitex India Inc., APV Engineered Coatings, Eastern Marking Machine Corp., T&K Toka Corporation, Leibinger Group. |
Analyst Review
According to the perspectives of CXOs of leading companies in the market, household applications of digital textile printing inks are expected to witness significant growth throughout the forecast period, owing to surge in number of skilled professionals and rise in demand for cost effective textile printing solutions. Customers, who need long-term security and cost-effective textile printing solutions are inclined toward digital textile printing inks due to their excellent color output and sustainability. The demand for packaging in China is from numerous sectors such as the personal care industry, food, and beverage industry, and others. This correspondingly surges the demand for digital ink. Moreover, the U.S. is one of the significant players in the flexible packaging industry and is anticipated to grow at a noteworthy rate. This factor consequently surges the demand for digital ink
Moreover, growth in demand for pigment-based digital textile printing inks in diverse applications is expected to accelerate the demand for digital textile printing inks. However, health hazards associated with the toxicity of digital textile printing inks may limit their adoption, thus hampering the market growth. Although investments in R&D activities to produce novel textile printing inks are expected to provide opportunities for growth in the future.
An increase in demand for 3D printing technologies and the rapid development of printing methods are some of the factors propelling the digital ink market.
India, China, and U.S., are the emerging players in the digital ink industry.
Textiles industry is expected to increase the demand for digital ink.
Emerging trends in the digital ink market are availability of compatible printing devices, increase in demand for customized merchandise, the rise of the advertising sector in developing regions such as Asia-Pacific, and others.
Packaging is the most influencing segment in the digital ink market.
The digital textile ink market holds the highest market share in the digital ink market. In terms of volume, it has a 20.7% share and in terms of revenue, it has garnered 23.4% share in the digital ink market.
Textiles and Packaging sector are the potential customers of digital ink industry.
Commercial printing Industrial printing are some of the applications which are expected to drive the adoption of digital ink
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