Digital Inks Market – Analysis and Forecast To 2024, Marabu GmbH & Co. KG, Nazdar Ink Technologies

The global digital inks market was valued at USD 1,392.9 million in 2018 and is expected to reach USD 1,830.6 million by 2024. The market for digital ink is observing a significant growth due to its swelling demand in commercial printing, packaging and office printing. Digital inks market is expected to witness CAGR of 5.1% during 2019–2024 owing to incremental scope for advertisement expenditure and cumulative growth in the packaging industry.

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Insight by Application

The global digital inks market has also been segmented by applications into commercial printing, office printing, packaging, industrial printing, publication, textiles, and other applications. Amongst all the applications, the commercial printing is the largest revenue holder and office printing is expected to witness fastest growth during 2019–2024. Digital inks provide benefits to varied ranges of commercial printing products such as catalogue, stationery, and brochure. Moreover, the fastest growth of digital inks in office printing is pertaining due to low digital inks cost and improved qualities of digital prints are some of the factors contributing towards the growth of this segment in global digital inks market.

Growth Drivers

The increasing demand for digital inks from the packaging industry and increasing demand for UV curved inks from several printing processes are expected to drive the growth of the global digital inks market. According to a recent study, it has been observed that the packaging segment has been witnessing high growth and it is further expected to follow a similar trend in the near future. North America, South America, Middle-East and Africa, and Asia-Pacific are the regions that are observed to be the major consumers of digital inks globally.

Geographic Overview

Asia-Pacific is observed to witness the fastest growth in this market. As the population of citizens in this region is large, the disposable income of the population is increasing region comprises of largest population, increase in disposable income and hastening demand for packaged products is contributing significantly towards the growth of this market. Additionally, increasing application of digital inks in metal cans and labels and tags are further expected to drive the demand of digital ink in Asia-Pacific.

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Competitive Insight

Market players in the digital inks industry are developing products with progressive technology to strengthen the company positions in the global digital inks market. Some of the key players operating in this market are Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO INK SC HOLDINGS CO., LTD., SAKATA INX CORPORATION, E.I. du Pont de Nemours and Company, Marabu GmbH & Co. KG, Nazdar Ink Technologies, and Wikoff Color Corporation.

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