May 12, 2020 4:19 PM ET
iCrowd Newswire – May 12, 2020
The Global Digital Ink Market is estimated to grow at a CAGR of 6.1% during the forecast period 2019-2026. As per the market study conducted by Report Ocean, the global digital ink market valued $2.6 billion in the year 2018 and is estimated to reach $4.3 billion by the end of the year 2026.
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The Global Digital Ink Market is driven by various growth factors such as technological advancements in printing methods and increasing demand for 3D printing technologies. Moreover, growth in demand of digital ink from various industry verticals such as textile industry, ceramic tiles industry, retail industry and advertisement industry among others offer new competitive edge for the market growth. Whereas, cost-intensive digital technology may hamper the market growth to some extent.
The growth of the E-Commerce Market is offering new competitive edge for the digital ink market owing to usage of digital ink in label printing. Label printing attract consumer attention in any big-box retailer or grocery store with a demand for coding on packaging and printed labels. Digital printing bridge the demand-supply gap of traditional printing of codes which are used for marketing campaigns and providing product-based information. While, all label printing is not digital in nature, but there is considerable growth in that direction considering the huge demand of label printing for marking and coding for Fast-Moving Consumer Goods (FMCG) goods, such as, cleaning products, over-the-counter medications and toiletries.
Segmentation Overview of the Global Digital Ink Market
The Global Digital Ink Market is segmented on the basis of various market segments to study the overall market scenario. The major market segments are Type Segment, Technology Type Segment, Substrate Type Segment and Application Type Segment; these market segments are further categorized into various sub-segments, such as:
The Type Segment of the Global Digital Ink Market is Sub-Segmented into:
- Digital Textile Ink
- UV Ink
- Solvent Ink
- Water-Based Ink
- Packaging Ink
The Technology Type Segment of the Global Digital Ink Market is Sub-Segmented into:
The Substrate Type Segment of the Global Digital Ink Market is Sub-Segmented into:
- Ceramic & Glass
The Application Type Segment of the Global Digital Ink Market is Sub-Segmented into:
- Commercial Printing
- Office Printing
- Industrial Printing
Geographical Overview of the Global Digital Ink Market
On the basis of geographical segmentation, the global digital ink market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, Europe digital ink market dominated the global market in the year 2018 by accounting for ~50% of the global market share. Similarly, the Asia-Pacific digital ink market is estimated to grow at fastest growth rate with highest CAGR of 6.6% by the end of the year 2026. The regional growth is attributed to growth in number of consumer base in the region and presence of huge electronics manufacturing base. Also, growth in disposable income of regional residents is creating lucrative growth opportunities for the market growth over the forecast period.
Key Players Insights
The Company Profile section of the research study include detailed study of companies through various sub-sections that include Company Overview, Product Portfolio, Financial Performance, SWOT Analysis and Strategic Developments among others. Some of the key players included in the research study are Wikoff Color Corporation, SC Holdings Co. Ltd., Toyo Inc., Nazdar Ink Technologies, Marabu GmbH & Co. KG, Flint Group, Du Pont, DIC Corporation, Zhuhai Print-Rite New Materials Corporation Limited (PMZ) and Dover Corporation among others.
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Keywords: Digital Ink Market, Digital Ink Market Size, Global Digital Ink Market