Home Speciality Chemicals Digital Ink Market Size, Trend, Growth to 2022-2030

Digital Ink Market

Digital Ink Market Size, Share & Trends Analysis Report By Ink Type (Digital Textile Ink, UV Ink, Solvent Ink, Water-Based Ink, Packaging Ink, Circuit Board Ink, Others), By Technology (Electrography, Ink-Jet), By Substrate (Textile, Plastics, Ceramic and Glass, Others), By Application (Commercial Printing, Office Printing, Packaging, Industrial Printing, Publication, Textiles, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Report Code: SRSC2839DR
Study Period 2018-2030 CAGR 6.4%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD 5320 Million
Forecast Year 2030 Forecast Year Market Size USD 9360 Million
Largest Market North America Fastest Growing Market Europe
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Market Overview

The global digital ink market accounted for a market value of USD 5320 million in 2021. It is estimated to reach an expected value of USD 9360 million at a CAGR of 6.4% during the forecast period (2022-2030).

The ink used in digital printing is referred to as digital ink. This procedure allows it to add handwriting and drawings to substrates or documents electronically. Due to several factors, including the rise in demand from the packaging industry in developing regions like Asia-Pacific and LAMEA, the market is predicted to experience significant growth. Additionally, the need for digital ink in office and commercial printing applications is increasing due to industrial development in nations like China and India. A specific product can also be advertised and promoted using digital ink. The ink used in digital printing is referred to as digital ink. This procedure allows it to add handwriting and drawings to substrates or documents electronically. Due to several factors, including the rise in demand from the packaging industry in developing regions like Asia-Pacific and LAMEA, the market is predicted to experience significant growth. Additionally, the need for digital ink in office and commercial printing applications is increasing due to industrial development in nations like China and India. A specific product can also be advertised and promoted using digital ink.

Market Dynamics

Global Digital Ink Market Drivers

Increasing Demands for 3D Printing Technologies

3D printing is a popular technology in the manufacturing, medical, industrial, and sociocultural sectors, making it a lucrative business technology. T-shirts, shoes, and gowns that are 3D printed are being experimented with by fashion designers. Additionally, several businesses are printing consumer-grade eyeglasses with on-demand customized fit and styling. With high success rates, virtual planning and guidance for surgery using 3D printing technology have been used in some surgical specialties, including total joint replacement and craniomaxillofacial reconstruction. Thus, it is projected that developments in 3D printing technology and digital textile printing inks will soon fuel market expansion.

The Fast Advancement of Printing Technologies

Numerous textile printing techniques have developed to meet the rising demand for digital textile printing worldwide, including direct print, discharge print, pigment print, resist print, and specialty print. Instead of printing dye-sublimation inks on transfer paper, it is now possible to print using low-energy sublimation inks and high-energy dispersion inks directly onto textile media using the heat press technique. Additionally, a rise in per capita disposable incomes, particularly in developing economies like India, China, Indonesia, Russia, and Poland, combined with increased investments in R&D activities to create novel methods of digital textile printing, accelerates the demand for digital textile printing inks.

Global Digital Ink Market Restraint

Large Upfront Expense

Due to the scarcity of highly qualified personnel and specialized equipment, developing countries and economies in transition struggle with financial challenges. Key market challenges include rising raw material costs and increased wet-post treatment equipment expenses. In addition, UV-curable inks are seen as expensive due to their high initial investment costs compared to traditional printing techniques. Additionally, the price of raw materials like acrylic acid and TiO2 has been a problem for the producers of UV inks due to their erratic supply. UV curable ink for printing is further constrained by its high price.

Global Digital Ink Market Opportunities

Technological Development

Manufacturers will soon be able to lower the price of UV-curable inks because of technological advancements. The development of cutting-edge technologies by manufacturers, including H-UV, LE-UV, and LED-UV, is anticipated to fuel the market expansion of UV LED inks in the upcoming years. However, because it is challenging to find fresh raw ingredients for the formulation, these technologies have a high initial cost. The market for UV curable inks is predicted to expand significantly over the following years due to technological advancements and several compelling advantages over traditional printing methods.

Regional Analysis

Region-wise, the global digital ink market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Europe holds the most significant market share. Europe accounted for the largest market share and is expected to grow at a CAGR of 5.9% during the forecast period. Europe garnered the highest market share in terms of volume and revenue. This is attributed to the region's large consumer base and critical players. The industrial printing application is the largest consumer of digital ink. This is attributed to large consumers such as packaging, personal care & cosmetics, automotive, textile, etc.

The Asia-Pacific region holds the second largest market share. This region is projected to reach a market value of USD 114 million by 2030 at a CAGR of 6.7%. The presence of developing nations like China and India is blamed for this. One of the nations with the fastest packaging sector growth is India. During the projected period, the market expansion is anticipated to be driven by the spike in technological advancements and the launch of newer, more affordable digital printing techniques in the Asia-Pacific region.

North America is the third largest region. The consumption of digital ink is less in the U.S. as compared to developing countries. This is attributed to numerous factors such as the rise in the trend of online advertisement, advancement in technology for promotions & advertising (utilization of LED or digital screens), and others. Moreover, industrial printing is one of the largest consumers of digital ink, owing to large consumers such as the personal care and cosmetics industry. In addition, the packaging industry is also one of the significant contributors to the North American digital ink market. This is attributed to the trend of flexible packaging in the region.

Report Scope

Report Metric Details
Segmentations
By Ink Type
  1. Digital Textile Ink
  2. UV Ink
  3. Solvent Ink
  4. Water-Based Ink
  5. Packaging Ink
  6. Circuit Board Ink
  7. Others
By Technology
  1. Electrography
  2. Ink-Jet
By Substrate
  1. Textile
  2. Plastics
  3. Ceramic and Glass
  4. Others
By Application
  1. Commercial Printing
  2. Office Printing
  3. Packaging
  4. Industrial Printing
  5. Publication
  6. Textiles
  7. Others
Company Profiles DIC Corporation Dover Corporation Du Pont Flint Group Marabu GmbH & Co. KG Nazdar Ink Technologies Sakata Inx Corporation Toyo Inc. Sc Holdings Co. Ltd. Wikoff Color Corporation Zhuhai Print-Rite New Materials Corporation Limited (PMZ) AM Printex Digitex India Inc. APV Engineered Coatings Eastern Marking Machine Corp. T&K Toka Corporation Leibinger Group.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global digital ink market is segmented by ink type, technology, substrate, application, and region.

Based on type, the global digital ink market is classified into digital textile ink, UV Ink, solvent ink, water-based ink, packaging ink, circuit board ink, and others. The  UV ink segment holds the largest market share and is expected to grow at a CAGR of 5.1% during the forecast period. Oligomers, monomers, pigments, additives, and photoinitiators make UV inks. Radical or cationic mechanisms can be used to carry out the polymerization reaction. These inks contain two times as much pigment or dye as a solvent and water-based inks. One of the main benefits of UV-curable inks is their high energy economy.

Additionally, it has the advantages of consistent product quality, line efficiency, and quality control. UV curable inks improve the printer's functionality, which quickens the procedure. These inks are more effective than conventional printers since they often don't need additional air pollution control equipment and only release minimal amounts of volatile organic compounds. UV-curable inks are frequently used in publications, cars, consumer goods, and other products. Such factors contribute to segment growth.

The water-based ink segment is the second largest. Water-based ink can be defined as the ink which uses water as a solvent base to carry the pigments. It is used for various fabrics and jerseys, either natural or synthetic. This type of ink achieves superior quality even on the substrates, which do not resist normal polymerization conditions. It also has the advantage of being a high-quality ink system for roll-to-roll yardage printing. UV ink is hard, flexible, as well as edible ink. There is an increase in the demand for water-based inks from professional printers, and they are switching from solvent-based to water-based inks for screen printing. This is attributed to its ease of handling, performance, and environmental-friendly characteristics.

The solvent ink segment is the third largest. Solvent ink can be defined as the ink that uses the petroleum compound as a solvent base to carry the pigments. It is mainly used in printing products that are used in outdoor applications. It is used in outdoor applications due to its ability to adhere to non-absorbent materials. These inks offer numerous benefits, such as fade-proof, waterproof, scratch-resistant, and others. Solvent inks are majorly used in the packing industry. The publication industry includes newspapers, magazines, books, and catalogs, which are anticipated to witness controlled growth. This is attributed to the increase in online publicity and publication.

Technology type-wise, the global digital ink market is bifurcated into electrography and ink-jet. The Ink-jet segment holds the most significant market share and is expected to grow at a CAGR of 5.4%. The benefits of ink-jet printing include high precision and superb surface quality. Ink-jet printing's disadvantages are its sluggish build times, limited material selection, and delicate pieces. The ink-jet printing method most frequently employed prototypes for form and fit testing. Due to the spike in demand from the industrial and 3D printing industries, ink-jet printing technology is predicted to experience significant growth during the analysis period.

The electrography segment is the second largest. Electrography technology is one of the critical trends used for printing labels. Factors such as a rise in demand for manufactured goods in developing regions such as Asia-Pacific and LAMEA increase the adoption of packaging and labels. The factor mentioned above correspondingly surges the demand for electrography technology.

Depending on the substrate, the global digital ink market is categorized into textile, plastics, ceramic and glass, and others. The plastics segment holds supremacy over the market. The plastic segment has the largest market share and is anticipated to grow at a CAGR of 5.3% during the forecast period. Comparing plastic to paper, cardboard, and wood as a substrate for digital printing, plastic is one of the more popular options. It offers qualities like weather resilience and is simple to shape or bend for intricate shapes. High impact polystyrene (HIPS), the most common material used for digital printing after polyethylene, is inexpensive, robust, and has fabrication and thermoforming capabilities. Customers have expressed interest in plastic packaging over other options since it is lightweight and convenient. Similar to this, large manufacturers use plastic for packaging due to its reduced production costs. Because plastic substrates possess chemical and water resistance qualities, they are incomparably durable. Such factors propel the market demand.

The ceramic and glass segment is the second largest. Ceramic & Glass are substrates with slippery and tricky surfaces to print on. Cleaning them well and warming them before printing can ease the printing process. There are numerous commercial uses for screen printing on ceramic and glass. UV-curable digital glass printing (UV glass printing) and digital ceramic glass printing are used for digital printing on glass and ceramic, respectively. Both processes enable printing any digital image on glass, with the benefit of unlimited color choices and fewer costs. UV digital glass printing uses inorganic ink and ultraviolet (UV) light to dry the ink on the glass substrate. Moreover, the digital ceramic inks are blended into glass after the printing process, during the firing stage, owing to which the inks become an inherent component of the end product (i.e., printed glass). Such properties drive segment growth.

Application-wise, the global digital ink market is characterized by commercial printing, office printing, packaging, industrial printing, publication, textiles, and others, where industrial printing holds the largest market share. The industrial printing segment dominates the market and is projected to grow at a CAGR of 5.2% during the forecast period. Industrial printing refers to printing techniques to create an industrial object, including goods like cigarettes, bottles, shampoo, and soap. The use of industrial printing has expanded significantly. This is explained by the demand for packaging printing in industries like food, beverage, personal care & cosmetics items, and others. Because the items' aesthetic appeal aids in drawing in customers, it is particularly favored in the personal care and cosmetics sector. Such factors propel the market growth.

The textile segment is the fastest growing. Digital textile printing inks are used for printing promotional wear, t-shirts, and jackets. These inks are also used on large format rolls of textiles to increase the output per length. Digital textile printing inks are used on large format rolls of textiles to increase the output per length. The digital printing ink market has witnessed significant growth owing to increased demand for advertisements and corporate brandings such as flags, retail graphics, and banners.

Market Size By Ink Type

Recent Developments

  • May 2022- Nazdar announced 205 Series inks for Roland TrueVIS SG2 and VG2 Series printers.
  • June 2022- Toyo-Morton Launched Epoxy Silane-free Laminating Adhesives for Flexible Packaging.
  • May 2022- Inktec launched a new generation of entirely compatible LED UV inks for printers with Epson printheads.

Top Key Players

DIC Corporation Dover Corporation Du Pont Flint Group Marabu GmbH & Co. KG Nazdar Ink Technologies Sakata Inx Corporation Toyo Inc. Sc Holdings Co. Ltd. Wikoff Color Corporation Zhuhai Print-Rite New Materials Corporation Limited (PMZ) AM Printex Digitex India Inc. APV Engineered Coatings Eastern Marking Machine Corp. T&K Toka Corporation Leibinger Group. Others

Frequently Asked Questions (FAQs)

What is the growth rate for the Digital Ink Market?
Digital Ink Market size will grow at approx. CAGR of 6.4% during the forecast period.
Some of the top industry players in Digital Ink Market are, DIC Corporation, Dover Corporation, Du Pont, Flint Group, Marabu GmbH & Co. KG, Nazdar Ink Technologies, Sakata Inx Corporation, Toyo Inc., Sc Holdings Co. Ltd., Wikoff Color Corporation, Zhuhai Print-Rite New Materials Corporation Limited (PMZ), AM Printex, Digitex India Inc., APV Engineered Coatings, Eastern Marking Machine Corp., T&K Toka Corporation, Leibinger Group., etc.
In the Digital Ink Market, North America has established itself as the market leader with a significant market share.
The Digital Ink Market has seen the most substantial growth rate in Europe.
The global Digital Ink Market report is segmented as follows: By Ink Type, By Technology, By Substrate, By Application


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