Market Size of Digital Ink Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
