Digital Inks Market to Reach Valuation of USD 5.5 Billion by 2028 - Increasing Demand for Digital Packaging Printing Inks to Bloom Market

Vantage Market Research

Jan 24, 2022

In terms of revenue, the Global Digital Inks Market is expected to reach USD USD 5.5 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.23% from 2022 to 2028. The Global Digital Inks Market growth is attributed to factors such as increasing demand for digital packaging printing inks, rising demand for UV-cured digital inks, as well as expanding ceramics textiles industry. Moreover, increasing industrialization along with high demand for solvent-based printers from packaging industry is projected to drive Digital Inks Market growth over the forecast period.

Key Findings:

  • The solvent-based sub-segment is anticipated to grow at a substantial CAGR during the forecast period. The growth is attributed to the increasing demand for solvent-based printers, from the packaging industry.
  • Plastics sub-segment held a significant market share in 2021 of substrate segment for Digital Inks Market. Plastics have several superior attributes such as strength, resilience, flexibility, durability, and protective properties; making them suitable substrates for printing. Thus, increasing demand for plastics and further propelling the market growth.
  • Asia Pacific is the largest regional segment. China, India, and Japan are the largest consumers of digital inks in the region. Thus, the presence of such countries in the region is further driving the market growth over the forecast period.

Some of the key players in the Digital Inks Market include - Sun Chemical, Nazdar Company, Marabu, Toyo Ink SC Holdings Co., JK Group, Inx International Ink, Bordeaux Digital Printink Ltd., Sensient Imaging Technologies, Fujifilm Holdings Corporation, and Nutec Digital Ink, among others.

Digital ink is used in the printing of texts, images, or other graphics digitally on a diverse range of media substrates. Since past decade, the packaging industry has witnessed significant growth. This is owing to increasing demand for food and beverages packaging, consumer durables packaging, and electronics and electrical products packaging. Population across the globe rising at an unprecedented level. Thus, increasing the demand for packed food and beverages along with other products of consumer durable as well as consumer electronics. This is increasing demand for packing materials and printing material, further propelling demand for digital inks. Additionally, the superior benefits of digital ink printing over analog printing is further increasing the adoption of digital ink.

Additionally, digital ink has other applications in advertising & promotion, ceramic tiles printing, clothing & household textiles, publication, glass printing, and others. Thus, owing to the wide range of applications the demand for digital ink from several sectors is increasing. These are some of the major factors increasing demand for digital ink and driving the market growth over the forecast period.

Asia Pacific is expected to emerge as a potential market for Digital Inks Market. Additionally, China, India, and Japan are the largest consumers of digital inks in the region. Thus, the presence of such countries in the region is further propelling the market growth over the forecast period.