Digital Ink Market Size (2024 - 2029)

The digital inks market is experiencing growth driven by the rising demand for high-quality graphic materials and the increasing need for indoor and outdoor displays. Despite a temporary decline due to the COVID-19 pandemic, which disrupted manufacturing activities, the market has shown resilience as companies adapted by innovating their offerings. Challenges such as the high cost of inks and limited material options may impede growth. The Asia-Pacific region is anticipated to see significant expansion, with substantial consumption expected from countries like China, Japan, and India.

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Market Size of Digital Ink Industry

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Digital Ink Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Digital Ink Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Digital Ink Market Analysis

The digital ink market is projected to register a CAGR of over 6% during the forecast period (2021-2026).

Due to the COVID-19 impact in the first half of 2020, various manufacturing plants have been shut down, and the demand for digital printing inks has declined. For instance, in Europe, the textiles, apparel, and fashion industry took a huge hit, and the production fell around 26% in the period between April-June 2020 compared to the same period of the previous year. However, the digital printing companies have taken this COVID-19 crisis as an opportunity to innovate their existing business by offering digital products and services to continue business in today's turbulent times. Thus, a slowdown or disruption in the various manufacturing and industrial activities due to this deadly disease had a short-term impact on the market studied during the forecast period. Rising demand for high-quality graphic material is driving the market growth.

  • The higher cost of inks with less-durable properties and the availability of fewer material options are expected to hinder the market growth.
  • Over the long term, the increasing demand for indoor and outdoor displays will drive the market.
  • The Asia-Pacific region is expected to witness rapid growth, with the largest consumption from countries such as China, Japan, and India.

Digital Ink Industry Segmentation

The digital ink market is segmented by type water-based inks, oil-based inks, solvent-based inks, UV curing inks, and other types. The market is segmented by application into automotive and technical markings, construction, packaging, promotional materials, textiles, and other applications. The report also covers the market size of and forecasts for the digital ink market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

By Type
Water-based Inks
Oil-based Inks
Solvent-based Inks
UV Curing Inks
Other Types
By Application
Automotive and Technical Markings
Construction
Packaging
Promotional Materials
Textiles
Other Applications
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Digital Ink Market Size Summary

The digital inks market is experiencing a dynamic phase of growth, driven by the increasing demand for high-quality graphic materials and innovative digital products. Despite the initial setbacks caused by the COVID-19 pandemic, which led to temporary declines in demand due to manufacturing shutdowns, the market has shown resilience. Companies in the digital printing sector have leveraged the crisis to innovate and expand their offerings, thereby mitigating short-term impacts. The market is poised for long-term growth, fueled by rising demand for indoor and outdoor displays, particularly in the Asia-Pacific region. This region is expected to witness significant consumption growth, with countries like China, Japan, and India leading the charge. The adoption of digital inks across various sectors, including automotive, textiles, glass, and ceramics, is further propelling market expansion.

Digital inks are increasingly being utilized for a wide range of applications, from interior architectural designs to vehicle wraps and packaging solutions. The Asia-Pacific region, a global hub for the textile industry, is seeing rapid adoption of digital inks, particularly in China and India, where the demand for printed packages and decorative tiles is on the rise. The market's growth is supported by the expanding use of digital inks in sectors such as ceramics, where customized tiles with complex patterns are gaining popularity. However, challenges such as the high cost of inks and limited material options may hinder growth. The market remains fragmented, with key players like Wikoff Color Corporation, Sun Chemical, and FUJIFILM Corporation competing for market share. Recent acquisitions, such as Flint Group's acquisition of Poteet Printing Systems, highlight the competitive landscape and ongoing consolidation within the industry.

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Digital Ink Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Indoor and Outdoor Displays

      2. 1.1.2 Growing Application for Digital Inks from Ceramic Tiles and Textiles

    2. 1.2 Restraints

      1. 1.2.1 Associated Costs and Durability Issues

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Water-based Inks

      2. 2.1.2 Oil-based Inks

      3. 2.1.3 Solvent-based Inks

      4. 2.1.4 UV Curing Inks

      5. 2.1.5 Other Types

    2. 2.2 By Application

      1. 2.2.1 Automotive and Technical Markings

      2. 2.2.2 Construction

      3. 2.2.3 Packaging

      4. 2.2.4 Promotional Materials

      5. 2.2.5 Textiles

      6. 2.2.6 Other Applications

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Digital Ink Market Size FAQs

The Digital Ink Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Wikoff Color Corporation, Sun Chemical, Siegwerk Druckfarben AG & Co. KGaA, Cabot Corporation and FUJIFILM Corporation are the major companies operating in the Digital Ink Market.

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