Digital Ink Market Size was valued at USD 3.1 Billion in 2022. The Digital Ink market is projected to grow from USD 3.28 Billion in 2023 to USD 5.12 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.23% during the forecast period (2023 - 2030).Growing demand from the textile industry and increasing demand from the construction industry. These factors are the key driving factor for the market growth of Digital Ink Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Digital inks have been employed to create an appearance of interior architecture design using indoor signs and display systems. Custom-designed walls and floor graphics may offer stunning images and color to rooms. Demand from many industries, such as service, commercial buildings, and offices, is increasing the use of digital inks for reception and directional sign navigation.
Ceramic inkjet printing techniques have fundamentally altered the manufacture of decorative tiles. Customers are drawn to customized ceramic tiles with intricate, realistic marble pictures and varying patterns for residential uses.
The growing construction industry in developing regions, with rising residential and commercial construction, especially in India and China, coupled with improving standards of living and rising disposable incomes, is driving the growth of the iron oxide pigments market. Increasing spending by the Indian government on infrastructure development, such as the Smart Cities Mission, Green Corridor, and the building of ports, is propelling the market growth. Additionally, in late 2013, the Chinese government started the One Belt One Road project for transportation infrastructure development, which is likely to propel the growth of the digital ink market. According to Invest India, the construction industry in the country is expected to reach USD 738.5 billion in 2022. Thus, increasing demand from the construction industry is a factor driving the growth of the Digital Ink market revenue.
September 2022 DIC Corporation announced that it will promote environmental investments totaling approximately US$9 million at Earthrise (Earthrise Nutritionals, LLC, California) and Hainan DIC (Hainan DIC Microalgae Co., Ltd., Hainan), two Chinese subsidiaries that produce edible blue-green algae, Spirulina, as well as the natural blue food colourant, LINABLUE. By January 2023, both facilities will have zero water emissions as a result of this expenditure.
Based on formulation, the Digital Ink Market includes Solvent Based, Water Based, UV Cured, and Others. The Solvent Based segment held the majority share in 2022 contributing to around ~36.82% with respect to the global Digital Ink market revenue. Solvent-based digital inks act as pigment transporters to the substrate. These inks also help in the melting of the surface of the substrate. Ink colorants then permeate the softened surface to reach the inner layer of the substrate. The pigment is etched into the surface of the substrate once the solvent has evaporated, resulting in a scratch- and weather-resistant picture. Solvent-based digital inks are commonly utilized with a wide range of substrates, including inexpensive uncoated media.
Figure 2: Digital Ink Market, by Formulation, 2022 & 2030 (USD Million)
The Digital Ink Market segmentation, based on substrate, includes Plastics, Textile, Ceramics & Glass, Paper, and Other. The plastics segment is expected to be the market's most significant substrate segment. Plastics are excellent printing substrates due to their strength, resilience, flexibility, durability, and protective qualities. To digitally print on plastics, UV-curable wide-format ink-jet technologies such as digital roll-to-roll and digital cut-sheet are often employed. Plastic substrates used for digital printing include polyester, polycarbonate, rigid vinyl, cast vinyl, and polystyrene acrylic.
The Digital Ink Market segmentation, based on application, includes Advertising, Ceramic Tile Printing, Textile, and Others. The Advertising segment held the majority share in 2022 contributing to around ~32%-34% with respect to the Digital Ink Market revenue. The advertising application segment is anticipated to be the market's largest. To increase sales and raise awareness about food goods, the restaurant and food service industries utilise digitally printed wide-format graphics. With digitally printed promotional materials, the financial services industry boosts operations and sales.
September 2022 Sun Chemical, a fully owned subsidiary of DIC Corporation, has introduced Paliocrom Satin Gold EH 3600 (L 2131), a mid-tone golden aluminum-based effect pigment with a characteristic satin character, high chroma, and a very smooth look.
Figure 3: Digital Ink Market, by Application, 2022 & 2030 (USD Billion)
By Region, the study segments the market into North America, Europe, Asia-Pacific and Latin America and Middle East & Africa.
Asia-Pacific dominates the world market during the forecast period, Asia Pacific is predicted to be the fastest-growing market for digital inks. The rise of the various end-use category is driving the region's need for digital inks for advertising and promotion applications. Rising spending in construction industry is another factor driving the rise of this market in this region.
In Europe , Spain's advertising & publishing sector is one of the most influential in Europe, and it is also well-known abroad. Following the United States, the United Kingdom, and Germany, Spain is the world's fourth-largest advertising & publishing power in terms of both production and turnover. Despite the fact that the great majority publishes fewer than ten volumes each year, the country has over 3000 private capital publishing enterprises. Furthermore, the sectoral structure is dominated by small and medium-sized businesses, which account for more than a quarter of the market.
Further, the major countries studied are The USA, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, Argentina, Brazil, Mexico, South Africa and GCC countries.
The Digital Ink Market is characterized by the presence of many regional and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. The increasing global digital ink demand in boosting the sales of global digital ink. The vendors compete based on cost, service quality, and the availability of the service according to the geographies. The vendors must provide cost-effective and high-quality global digital ink services to compete in the market. The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies hold over 60% of the global market share.
The market players' growth depends on the market and economic conditions, government regulations, and industrial development. Thus, the players should focus on expanding the production capacity to meet the demand and enhance their services. Cabot Corporation, INX International Ink Co., Kornit DigitalMarabu GmbH & Co. KG, Nazdar, Nutec digital Ink, Sensient Imaging Technologies, Siegwerk Druckfarben AG & Co. KgaA, Sun Chemical, Toyo Ink Co., Ltd., and Wikoff Color Corporation are the major companies in the market at present that are competing in terms of quality, price, and availability. These players are primarily focusing on the development of digital ink. Although the international players dominate the market, regional and local players with small market shares also have a moderate presence. The international players with a global presence, with established manufacturing units or sales offices, have strengthened their presence across major regions such as North America, Europe, Asia-Pacific, and Rest of the World.
Cabot Corporation (Cabot) is a chemical company engaged in the manufacturing of specialty chemicals and performance materials. The company operates through three major business segments—reinforcement materials, performance chemicals, and purification solutions. Under the purification solutions segment, it offers activated carbon that finds applications in water purification, food and beverages, and pharmaceuticals. It has 43 production sites and seven R&D centers across the globe.
In the year 2023, the Epson company displayed several digital ink printers at the ITMA exhibition that included even the advanced Monna Lisa models. Production of these printers permits high-quality fabric printing, and Epson uses new ideas herein hybrid digital ink technology that enhances sustainability by using less water and energy in the process of production.
In the year 2022, Cabot Corporation focused on the Asia-Pacific region as it continued to expand its digital ink market to meet the needs of the increasing market of digital ink in the textile and automobile industries.
This was followed by EFI Reggiani’s introduction of its Hyper model, which was showcased in June 2023. One of the fastest printers available in the market, this printer provides superior quality output at low ink cost, which is the current trend in the world of advanced digital printing systems​.
In the year 2023, Kodak continued working on the development of its inkjet technology and in the units of KODAK PROSPER ULTRA 520 PRESS belonging to its customers, the first installation took place in 2023. This development demonstrates the growing integration of their businesses with those of a wide variety of print businesses that are willing to acquire the newest inkjet technology. This cooperation is of great importance as it signifies a breakthrough in the commercial sector of the country in utilizing high speed digital ink commercial printing to satisfy the increasing market requirements.
In the month of October of the year 2023, E Ink Holdings announced a new technology for digital ink with a manufacturer that aims to enhance the refresh rates and the overall experience for e-readers. This development indicates that there is a definite shift towards more sophisticated as well as responsive display development.
Another key partnership was in December of 2023 when a leading digital ink company entered into a partnership with a display technology company to develop flexible displays for e-readers. This development opens up the possibility of introducing foldable e-reader gadgets into the market.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.14 |
| Market Size 2023 | USD 3.28 |
| Market Size 2030 | USD 5.12 |
| Compound Annual Growth Rate (CAGR) | 7.23% (2023-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | USD Million & Barrel |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Process, Method, Product, End-User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America and Middle East Africa |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Cabot Corporation, INX International Ink Co., Kornit DigitalMarabu GmbH & Co. KG, Nazdar, Nutec digital Ink, Sensient Imaging Technologies, Siegwerk Druckfarben AG & Co. KgaA, Sun Chemical, Toyo Ink Co., Ltd., and Wikoff Color Corporation |
| Key Market Opportunities | Increasing use of E-commerce platforms will boost the demand for digital ink in packaging |
| Key Market Dynamics | Growing demand from the textile industry Increasing demand from the construction industry |
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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