Global Digital Inks Market, By Formulation (Solvent-Based, Water-Based and Ultraviolet-Cured), Substrate (Plastics, Ceramics and Glass, Textiles and Paper), Application (Advertising and Promotion, Ceramic Tiles Printing, Clothing and Household Textiles, Glass Printing and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Digital Inks Market
Data Bridge Market Research analyses that the digital inks market will witness a CAGR of 8.34% for the forecast period of 2022-2029. Growth in the digital inks especially in the developing economies such as India and China, surging application of digital inks for a wide range of applications such as advertising and promotion, ceramic tiles printing, clothing and household textiles and other end user applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the digital inks market.
Digital ink is a technology that allows drawing and handwriting electronically on a particular document. Windows journal, Microsoft office and Microsoft edge offer the customers to access digital ink features. Digital inks are created using a digital pen, also known as stylus, which are specifically designed for this purpose. Digital inks save the handwritings of drawings in their original form and can also be converted into standard form.
Rise in demand for digital inks by materials and packaging industry is the root cause for fuelling up the digital inks market growth rate. Rising demand for digital inks in the glass printing application and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the digital inks market. Rising awareness about the benefits digital inks in the field of marketing, promotion and advertising, rising expenditure for research and development proficiencies by the major companies, rising digitization of the economies especially the emerging ones, upsurge in the rate of industrialization and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the digital inks market.
However, lack of awareness in developing nations, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the digital inks market. High cost associated with research and development proficiencies, surging geopolitical issues, unfavourable market conditions arising as a result of coronavirus outbreak, and strict global trade restrictions will dampen the digital inks market growth rate. Also, competition from alternative technologies and solutions will also hamper the digital inks market growth rate.
This digital inks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on digital inks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Digital Inks Market Scope and Market Size
The digital inks market is segmented on the basis of formulation, substrate and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of formulation, the digital inks market is segmented into solvent-based, water-based and ultraviolet-cured.
- On the basis of substrate, the digital inks market is segmented plastics, ceramics and glass, textiles and paper.
- On the basis of application, the digital inks market is segmented into advertising and promotion, ceramic tiles printing, clothing and household textiles, glass printing and others.
Digital Inks Market Country Level Analysis
The digital inks market is analysed and market size, volume information is provided by country, formulation, substrate and application as referenced above.
The countries covered in the digital inks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the digital inks market owing to the growing demand for digital inks from various end user industries, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, growing advertising and promotion, surging rate of ceramic tiles printing, and other applications, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the digital inks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Inks Market Share Analysis
The digital inks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital inks market.
Some of the major players operating in the digital inks market report are Kornit Digital, AM Printex Solutions, Mehler Texnologies, Roland Corporation, Fisher Textiles, Inc., Glen Raven, Inc., Ricoh and Dazian LLC., Xerox Corporation., Materialise, Stratasys Ltd., Block.one., voxeljet AG, Cabot Corporation, INX International Ink Co., Nazdar, NUtec Digital Ink (Pty) Ltd., Sensient Inkjet, Siegwerk Druckfarben AG & Co. KgaA, Sun Chemical, TOYO INK CO., LTD., and Wikoff Color Corporation among others.
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