The market for digital ink is observing significant growth due to its swelling demand in commercial printing, packaging, and office printing.

On the basis of type, the digital inks market is segmented into electrography digital inks and inkjet digital inks. Amongst these two types, electrography digital inks capture a larger market share by 2024 as these inks are widely being implemented and will continue to be adopted in computer laser printers and photocopy machines across the globe.

Based on formulation, the digital inks market is segmented into oil-based, solvent-based, water-based and UV cured digital inks. Of all these formulations oil-based digital inks hold the largest digital inks market globally and UV cured digital inks are expected to witness the fastest growth during 2020–2027.

Digital inks provide benefits to varied ranges of commercial printing products such as catalogs, stationery, and brochure. Moreover, the fastest growth of digital inks in office printing is pertaining due to low digital inks cost and improved qualities of digital prints are some of the factors contributing towards the growth of this segment in the global digital inks market.

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The increasing demand for digital inks from the packaging industry and increasing demand for UV cured inks from several printing processes are expected to drive the growth of the global digital inks market. According to a recent study, it has been observed that the packaging segment has been witnessing high growth and it is further expected to follow a similar trend in the near future.

The increasing population of the younger generation, increasing disposable income, changing and evolving lifestyle of consumers, and rising GDP are the major factors driving the growth of the global digital inks market globally. The use of digital inks is further observed to be gaining popularity in metal cans, tags and labels, and all sorts of flexible materials.

North America is the largest digital ink market as the region has several established huge and key industry players of digital inks in the market. Moreover, the increasing demands for UV cured ink, increasing trend of consumer expenditure on several offerings, and enlargement of the population base and are further strengthening the growth of the digital inks market in this region. The most crucial factor driving the growth of this market is the prices of crude oil and the growth of renewable energy in this region.

Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO INK SC HOLDINGS CO., LTD., SAKATA INX CORPORATION, E.I. du Pont de Nemours and Company, Marabu GmbH & Co. KG, Nazdar Ink Technologies, and Wikoff Color Corporation.

Source: VynZ Research