Digital Ink Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Digital Ink Market is segmented by Type (Water-based Inks, Oil-based Inks, Solvent-based Inks, UV Curing Inks, and Other Types), Application (Automotive and Technical Markings, Construction, Packaging, Promotions Materials, Textiles, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Digital Ink Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >6 %

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Market Overview

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.

Scope of the Report

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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Key Market Trends

Growing Demand from the Textile and Construction Industries

  • Digital inks have been used to make an impression of interior architectural design through indoor signage and display systems. Designed custom walls and floor graphics can add spectacular imagery and color to interiors.
  • Demand from different sectors, like service, commercial buildings, and offices, is augmenting the usage of digital inks for reception and directional signs navigation purposes.
  • Ceramic inkjet printing processes have radically changed the manufacturing process of decorated tiles. Consumers are being attracted to customized ceramic tiles for complex, realistic marble images with different patterns for residential applications.
  • Asia-Pacific is the main hub for the global textile industry. Asia is expected to remain the global textile manufacturing hub in the next five years, led by countries like China, India, Bangladesh, Vietnam, Pakistan, Sri Lanka, and Indonesia. China and India are the top two textile industries in the world.
  • Due to the above-mentioned factors, the market for digital printing inks in the segments studied is expected to increase during the forecast period.
Digital Ink Market Key Trends

Asia-Pacific to Witness Rapid Growth in the Market Studied

  • The demand in Asia-Pacific for digital inks has been growing rapidly in recent times. Sectors, such as automotive, textiles, glass, and ceramic tiles, have started adopting digital inks for decorative, signages, and packaging purposes.
  • Companies are using vehicle wraps and graphics on their vehicles for self-marketing purposes to grab consumers' attention. Additionally, these vehicle wraps protect automobiles from scratches and dents during minor accidents.
  • According to Federmacchine, Asia-Pacific leads the ceramic tiles market around the world. The consumption and the usage of digital inks in ceramic tiles and promotional materials in China are the highest in the region, followed by India.
  • Recently, in the packaging sector, manufacturers prefer the usage of printed packages because of the flexibility of digital inks.
  • The Indian textiles sector is one of the oldest in the Indian economy. The production of raw cotton reached 35.4 million bales for the fiscal year 2020. The foreign direct investments for textiles in India stood at 3.46 billion USD between April to September of 2020.
  • According to the National Bureau of Statistics of China, the construction output value in the country increased from CNY 9.6 trillion in 2010 to CNY 24.84 trillion in 2019.
  • China, Korea, Japan, and India from Asia-Pacific have a various number of plastic packaging manufacturing units. The increasing domestic demand for processed foods and the growing export demand, majorly from other countries in the region, increased digital inks usage on printed packings.
Digital Ink Market Growth By Region

Competitive Landscape

The digital ink market is fragmented in nature, with many players competing in the market. Some of the major companies are Wikoff Color Corporation, Sun Chemical, Siegwerk Druckfarben AG & Co. KGaA, Cabot Corporation, and FUJIFILM Corporation.

Recent Developments

In October 2020, Flint Group acquired Poteet Printing Systems LLC, an ink production company based in North Carolina, United States.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Indoor and Outdoor Displays

      2. 4.1.2 Growing Application for Digital Inks from Ceramic Tiles and Textiles

    2. 4.2 Restraints

      1. 4.2.1 Associated Costs and Durability Issues

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Water-based Inks

      2. 5.1.2 Oil-based Inks

      3. 5.1.3 Solvent-based Inks

      4. 5.1.4 UV Curing Inks

      5. 5.1.5 Other Types

    2. 5.2 By Application

      1. 5.2.1 Automotive and Technical Markings

      2. 5.2.2 Construction

      3. 5.2.3 Packaging

      4. 5.2.4 Promotional Materials

      5. 5.2.5 Textiles

      6. 5.2.6 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Sun Chemical Corporation

      2. 6.4.2 Siegwerk Druckfarben AG & Co. KGaA

      3. 6.4.3 INX International Ink Co.

      4. 6.4.4 Flint Group

      5. 6.4.5 Wikoff Color Corporation

      6. 6.4.6 Marabu GmbH & Co. KG

      7. 6.4.7 TOYO INK SC HOLDINGS CO. LTD

      8. 6.4.8 Nazdar

      9. 6.4.9 FUJIFILM Corporation

      10. 6.4.10 Cabot Corporation

      11. 6.4.11 NUtec Digital Ink (Pty) Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for Graphics

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Digital Ink Market market is studied from 2016 - 2026.

The Digital Ink Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

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

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