Global Digital Inks Market Is Set To Reach Around USD 3.44 Billion By 2024

Sarasota, FL -- (SBWire) -- 01/24/2019 --Zion Market Research has published a new report titled "Digital Inks Market by Formulation (Solvent-Based, Water-Based, and UV-Cured) and by Application (Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024". According to the report, the global digital inks market was approximately USD 1.93 billion in 2017 and is expected to generate around USD 3.44 billion by 2024, at a CAGR of around 8.62% between 2018 and 2024.

Digital printing involves the printing of images, texts, or other graphics digitally on a diverse range of media substrates. Unlike conventional printing or offset printing, a printing plate is not required in digital printing. They provide high speed and excellent print quality for text, images, and graphics. Digital inks are diversely utilized for fine art, variable data printing, advertising, and desktop publishing.

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The increasing demand for digital printing in various industries, such as packaging, clothing, and textiles, is the primary growth factor anticipated to leverage the digital inks market in the upcoming years. Several beneficial characteristics, such as enhanced customization, improved image resolution, and limited turnaround time, are likely to propel the digital inks market in the forecast timeframe. The rising adoption of 3D printing technology globally is likely to propel the digital inks market in the years ahead.

The digital inks market is segmented on the basis of formulation and application. By formulation, this market includes solvent-based, water-based, and UV-cured. The solvent-based segment is projected to dominate the market over the forecast timeline, owing to its cost-effectiveness in ceramics tiles printing applications, packaging purposes, and advertising and promotional activities. By application, the digital inks market includes advertising and promotion, ceramic tiles printing, clothing, and household textiles, and others. Advertising and promotion segment is predicted to dominate the digital inks market in the upcoming years. In the retail sector, digitally printed signs, point of sale, and point of purchase display posters are mainly used for promotional activities, which, in turn, is likely to fuel this segment's growth in the future.

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North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global digital inks market. The North American digital inks market is predicted to provide significant growth opportunities in the future, owing to the adoption of 3D digital printing technology, especially in the packaging sector, and technological advancements in printing technology. The Asia Pacific region contributed notably toward the global digital inks market in 2017 and is predicted to dominate in the upcoming years. This can be attributed to the rapid urbanization and ongoing developments witnessed across the region's construction sector. The demand for corporate branding activities and real estate advertisements is the primary factor likely to fuel the region's digital inks market in the future. Moreover, the development of environment-friendly inks is further anticipated to boost the industry growth in the region in the upcoming years.

Some industry players of 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.

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This report segments the global digital inks market into:

Global Digital Inks Market: Formulation Analysis

Solvent-Based
Water-Based
UV-Cured
Global Digital Inks Market: Application Analysis

Advertising and Promotion
Ceramic Tiles Printing
Clothing and Household Textiles
Others