It’s being expected that by 2032, the digital printing ink  market cap will hit US$ 3.33 Billion at a CAGR growth of about 12.7%. 

Overview

Digital printing ink prints digital images on various media substrates through output such as laser printer, inkjet printer, etc. The inks are capable of printing digital information on paper, fabric, synthetics, photo paper, cardstock, canvas, and other substrates. Digital inks are categorized into two types which includes electrographic ink and inkjet ink. Carbon black, resins, solvents, mineral oils, and intermediates are major raw material used for the production of digital printing ink.

Ability to operate at high speed along with improved print quality for text, graphics, and images, are some of the prime factors favouring the adoption of digital printers in comparison to other available alternatives. It has capability to facilitate on-demand printing, short turnaround time, along with image modification feature. Digital inks are found its applications across multiple medium comprising variable data printing, advertising, desktop publishing, and fine art.

Key Market Drivers and Restraints:

Rising penetration of advanced technology across printing industry

Growing inclination toward integration of digital technology to optimize and automate the commercial and industrial activities is driving the industry landscape. Over the years, the rampant penetration of advance technology across printing industry have extensively surged the market outlook. The introduction of inkjet print heads which operates on the piezo technology is a significant turnaround the industry. The piezo inkjet print heads are capable of enhancing the image resolution by accurately and precisely positioning the dots of ink. These inks dissipate low heat, improve energy utilization, and possess long operational life last longer, along with minimal no ozone generation, on account of which the technology is poised to gain immense popularity across the globe in the coming years.

Furthermore, surging adoption of 3D printing technology across consumers, and researchers, is driving the industry upsurge. 3D inks are utilized for the fabrication of volumetric devices and constructs. For instance, in 2018, Dartmouth College developed a smart ink which is capable is capable of transforming 3D-printed structures to objects is capable of modifying shape and colour. The growing research & technological activities across the industry to improvise and digitalize the printing process will further stimulate the business landscape.

Key Application:

Carbonated Soft Drinks is one of the emerging application for PET preforms

Economic production, short run lengths, and new designs, offered by the digital printing are some of the prime factors driving the demand across the textile printing ink market. Moreover, i mprovements across soft signage printing which utilizes fabrics as a substrate over vinyl owing to its lightweight feature is further driving the product demand. Digital printing offer several advantages comprising enhanced image stability, high-quality prints, and customization which makes its adoption favourable. Surge in commercial branding and advertisements is further expected to reinforce the growth across the textile industry.

Regional Market Scenario:

Asia-Pacific to dominate the regional share

Rapid economic growth and surging population is driving the share for Asia Pacific region. The countries including China, and India are exhibiting strong demand for paper owing to growing education level along with rising penetration of publishing industry. Growing middle class income have significantly contributed toward the demand for printing materials, on account of increasing inclination toward printed materials, newspapers, and magazines. In addition, growing infiltration of retail industry has further provide impetus to the product demand as the industry requires bulk printing and packaging for the products. The original equipment manufacturer (OEMs) promote their brands using banners, point-of-purchase displays, and vehicle wraps, which in turn utilizes printing ink to print their advertisement. These factors are anticipated to proliferate the business dynamics across the region in the coming years.

Key Market Players

•    Sun Chemical
•    INX International Ink
•    Toyo Ink SC Holdings Co.
•    JK Group
•    Nazdar Company
•    Flint Group
•    Siegwerk Druckfarben AG & Co. KGaA
•    E.I. du Pont de Nemours and Company
•    Sakata Inx Corporation
•    Marabu GmbH & Co. KG,
•    Wikoff Color Corporation
•    Others

digital printing ink market Scope

Key Segment Of The digital printing ink market

by Type (USD Billion)            
    •    Dye Sublimation
    •    Reactive Dyes
    •    Acid Dyes
    •    Disperse Dyes
    •    Pigments
    •    Others
by Printer Speed, (USD Billion) 
    •    <50 Digital Printers
    •     50 - 100 Digital Printers
    •     101 - 250 Digital Printers
    •     251 - 400 Digital Printers
    •     401 - 600 Digital Printers
    •     601 - 800 Digital Printers
    •     801 – 1,000 Digital Printers
    •     >1,000 Digital Printers
by Printer Technology, (USD Billion) 
    •    Roll to Roll
    •    DTG
by End-use Application, (USD Billion) 
    •    Fashion
    •    Sportswear
    •    Home Textiles
    •    Soft Signage
Regional Overview, (USD Billion) 
    North America
      •    US
      •    Canada
    Europe
      •    Germany
      •    France
      •    UK
      •    Rest of Europe
    Asia Pacific
      •    China
      •    India
      •    Japan
      •    Rest of Asia Pacific
    South America
      •    Mexico
      •    Brazil
      •    Rest of South America
    Middle East and South Africa