[FURL=https://www.industryarc.com/Research/Digital-Inks-Market-Research-500457?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Digital Inks Market[/FURL] size is forecast to reach $4.9 billion by 2026, after growing at a CAGR of 9.6% during 2021-2026. Digital inks are widely used in electronic paper and windows ink which includes the printing of texts, images, or other graphics digitally on a diverse range of media substrates. Digital printers provide a cleaner finish and use less space than conventional offset printing, thus allowing the use of unlimited colour combinations, which is the key influencing factor for the growth of the digital ink market. In addition, the growth of e-commerce platform is expected to fuel the demand for digital inks in applications such as advertising & promotion, and packaging. Furthermore, the globally increasing demand for digital ink in the packaging industry is expected to remain a key growth driver for the digital ink industry during the forecast period.COVID-19 Impact
As the coronavirus epidemic has spread and its humanitarian impact has grown, industries that help provide essential needs are increasingly affected, such as providing food and necessary supplies to consumers safely. Due to the covid-19 outbreak, many countries are under shut down owing to which the offset printing, inkjet printers, and laser printing are witnessing a period of low demand from its end-use industries
Key Takeaways
Asia-Pacific dominates the digital inks market, owing to the increasing demand for digital inks from the packaging industry in the region for labelling and invoice of products.
Growing demand for solvent-based printers from the packaging industry, high consumption of food and beverages, and electronics in the developing regions contributes to the growth of flexible packaging and digital inks.
The steady rise of digital media has reduced the market for print media by which many players have shifted at least half of their marketing spending over the past few years from traditional to digital advertising, which may restrict the growth of the digital ink market. Furthermore, the increasing adoption of laser printing may also restrict the market.
Increasing adoption of electronic paper and windows ink for applications such as e-books, electronic newspapers, portable signs, and foldable, rollable displays, will also be a major driver for the digital ink market as electronic paper and windows ink largely uses digital inks.
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Digital Inks Market Drivers
Increasing Usage of Digital Inks in the Ceramic Tiles Application
Increasing E-Commerce Platform
Digital ink market are Sun Chemical, Nazdar Company, Marabu, Toyo Ink SC Holdings Co., JK Group, Inx International Ink, Bordeaux Digital Printink Ltd., Sensient Imaging Technologies, Fujifilm Holdings Corporation, and Nutec Digital Ink.
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