About Digital Printing Inks
Digital printing inks are pigments used for printing from a digital-based image directly to a variety of media. It is wet ink and transfers the same image via printing plates. Digital printers are, most commonly, inkjet or toner-based printers. These inks are widely used in regular office printers and printers for actual photos in the outdoors. Rising importance given to the packaging has increased the importance of inks in the packaging sector. Other sectors that raise demand for printing ink include textile, consumer appliances, and advertising.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Due to the existence of vertically integrated main competitors with cutting-edge technological solutions, equipment, and channels for procurement and distribution, the worldwide ink market is extremely competitive. The industry has undergone significant regional consolidation, including expansions, mergers, and acquisitions, which has increased industry competition. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marabu GmbH & Co. KG (Germany), InkTec (South Korea), DCC Print Vision LLP (India), Flint Group (Luxembourg), CSL Digital (United Kingdom), Sun Chemical (United States), INX International Ink Co. (United States), Fujifilm Sericol India (India), Siegwerk Druckfarben AG & Co. KGaA (Germany) and NUtec Digital Ink (South Africa) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Jaysynth Dyestuff (India) Ltd. (India), HuberGroup (India), Megasign (India) and Sudeep Industries (India).
Segmentation Overview
AMA Research has segmented the market of Global Digital Printing Inks market by Type (Solvent-based, Water-based and UV Curable), Application (Advertising, Packaging, Textile, Electronic Materials and Others) and Region.
On the basis of application, Packaging segment is dominating the market in the year 2021 where as Advertising segment stood as second largest market .On the basis of geography, the market of Digital Printing Inks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021. If we see Market by Raw Material, the sub-segment i.e. Pigments will boost the Digital Printing Inks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Advancement in Digital Printing Methods
Market Growth Drivers:
Growing Demand from Packaging Newsprint, Publishing, and Other Sectors and High Demand from Textile Industry
Challenges:
Environmental Issues such as New Regulations as well as Industrial Accidents
Restraints:
Digitalization & Paperless Era is Restraining the Market Growth
Opportunities:
Rising Importance Given To Advertising Will Boost Demand
Market Leaders and their expansionary development strategies
On 2nd May 2022, AGFA announced the acquisition of Inca Digital Printers. Agfa's position in high-speed digital printing will be strengthened by the acquisition, which will also provide the packaging printing industry more focus. A significant development in Agfa's restructuring is the purchase of the Inca. The inclusion of Inca will further accelerate the Group's profitable digital printing business, which has enormous potential.
On 20 July 2022, Marabu GmbH & Co. KG launch special ink products such as Energy-efficient glass printing, Three-dimensional effects on glass bodies. Marabu offers a broad range of inks and ink combinations for printing on glass: screen printing, digital printing, and pad printing. Its comprehensive product portfolio includes the solvent-based screen printing ink Mara Glass MGL and the pad printing ink Tampa Glass TPGL.
Key Target Audience
Digital Printing Inks Manufacturer, Digital Printing Inks Traders/Distributors/Suppliers, Digital Printing Inks Raw Material Supplier, Digital Printing Inks End-User, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.