Inkwood Research estimates that the Global Digital Ink Market is evaluated to record a CAGR of 5.60% in terms of revenue and 4.72% in terms of volume during the forecasting years of 2021-2028.
“Browse 145 Market Data Tables and 86 Figures
spread over 155 Pages, along with an in-depth TOC on the Global Digital Ink
Market Forecast 2021-2028.”
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Digital ink is a form of technology that enables handwriting to be added electronically to documents. It usually refers to the ink portion of the inking technology, generally used with electronic paper. Digital ink has replaced traditional ink in animation.
Increasing
Demand from Packaging Inks Fuels Market Growth
The rising application of digital printing
is set to revolutionize the packaging industry. Digital printing has extended
to label production and electrophotography. It is popular among several brand
owners, given its quick turnaround capability. The variable data capacity of
the digital press enables personalization and versioning in food & beverage
organizations. Coco-Cola’s ‘Share a Coke’ campaign in the US and 35 European
countries printed over 750 million packages, taking advantage of digital press.
Moreover, the recent developments in
digital orienting include, digital carton cutting, creasing, and other
completion technologies. This has increased its applications in folding
cartons, flexible packaging, and corrugated packaging. Furthermore, the inkjet
process is used for printing large formats on a vast range of substrates. This
makes it suitable for packaging, which can be further integrated into the
existing conversion lines. Thus, there is an increase in the demand for
printing inks for large hoardings and billboard labels. Such factors are set to
contribute to the global digital ink market growth.
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Electrography
to fare the highest CAGR in terms of Revenue & Volume
Electrography, also known as electrostatic
technology, is one of the latest technologies in the market. The printing process
using electrography entails three steps. First, an electrostatic image is
created using a writing head comprising a range of styli. Thereafter, voltage
is applied to selected styli. Secondly, a latent electrostatic image is
developed using a liquid toner of opposite charge. The third step involves the
fusion of toner on the paper or film.
Further, electrography is one of the key
trends predominately used for printing labels. The rising demand for
manufactured goods in the Asia Pacific and LAMEA propels the adoption of the
packaging and labels. Such factors are set to surge the demand for
electrography technology.
Asia Pacific
– The Leading Region in terms of Revenue & Volume
The region has the presence of developing
countries like India and China, contributing to its market prospects. The
industrial development in these countries has increased the adoption of digital
ink. India is also one of the prominent countries in the packaging industry.
Moreover, the apparel industry is transitioning, further making the region a
conducive market for digital inks.
The competitive rivalry is moderate. The
market enables companies with backward integration for ensuring raw material
availability and decreasing manufacturing costs. New product development is one
of the deciding factors for market players. Some of the major players in the
market include, Flint Group, Du Pont, Nazdar Ink Technologies, Marabu GmbH
& Co KG, etc.
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such as technology, automotive, chemicals, materials, healthcare, and energy,
with an objective comprehension that acknowledges the business environments.
Our geographical analysis comprises of North & South America, CEE, CIS,
Middle East, Europe, Asia, and Africa.
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