The global digital inks market was worth $1,147.4 million in 2016 and it is likely to grow at a CAGR of 5.4% during the forecast period. Growth in the packaging industry and rising demand for UV-cured inks are driving the global digital inks market. The market is further expected to gain revenue due to the emerging trend for digitalization of books. Robust growth in the packaging industry is expected to play a crucial role in the digital inks market.
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Geographically, North America has been the largest market for digital inks during 2013 – 2016 and it will also remain the largest market during the forecast period. The North American market is driven by growing electronic media market and increasing demand from office and commercial printing industry. The market for eco-friendly digital inks in North America is expected to increase during the forecast period.
UV-cured inks offer fast curing speed, high print quality and durability. These inks having flexible ink films contain minimum VOC levels and have more resistance to scratches and wear and tear. These inks can be used in any kind of surface or absorbent thereby, offering brand owners a wide range of inflexible and flexible print substrates. Due to these factors, UV-cured inks are being widely adopted across the globe in applications such as food and pharmaceutical packaging, printing and publication industry.
Companies such as Flint Group and Siegwerk Druckfarben AG & Co. KGaA are focusing on developing innovative and eco-friendly technologies for digital inks that include water-based and UV-cured inks to ensure optimal efficiency and short production time. These initiatives are expected to drive the demand for digital inks during the forecast period.
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The digital inks market has witnessed number of acquisitions as key strategy for growth and expansion recently. In December 2016, Flint Group confirmed the acquisition of Xeikon, a digital solutions provider to the packaging and commercial printing markets. The Group has purchased XBC B.V., a company that holds more than 95% of the shares in Xeikon N.V. The newly created division will be called as Flint Group Digital Printing Solutions. Similarly, in October 2016, Sun Chemical Corporation and DIC Corporation jointly acquired Gwent Electronic Materials Ltd., a U.K.-based manufacturer of conductive inks, pastes and powders for the printed electronic market.
Some of the other key players in the market include Electronics For Imaging, Inc., 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.
Geographically, North America has been the largest market for digital inks during 2013 – 2016 and it will also remain the largest market during the forecast period. The North American market is driven by growing electronic media market and increasing demand from office and commercial printing industry. The market for eco-friendly digital inks in North America is expected to increase during the forecast period.
UV-cured inks offer fast curing speed, high print quality and durability. These inks having flexible ink films contain minimum VOC levels and have more resistance to scratches and wear and tear. These inks can be used in any kind of surface or absorbent thereby, offering brand owners a wide range of inflexible and flexible print substrates. Due to these factors, UV-cured inks are being widely adopted across the globe in applications such as food and pharmaceutical packaging, printing and publication industry.
Companies such as Flint Group and Siegwerk Druckfarben AG & Co. KGaA are focusing on developing innovative and eco-friendly technologies for digital inks that include water-based and UV-cured inks to ensure optimal efficiency and short production time. These initiatives are expected to drive the demand for digital inks during the forecast period.
Request For Sample Pages : https://www.psmarketresearch.com/market-analysis/digital-inks-market/report-sample
The digital inks market has witnessed number of acquisitions as key strategy for growth and expansion recently. In December 2016, Flint Group confirmed the acquisition of Xeikon, a digital solutions provider to the packaging and commercial printing markets. The Group has purchased XBC B.V., a company that holds more than 95% of the shares in Xeikon N.V. The newly created division will be called as Flint Group Digital Printing Solutions. Similarly, in October 2016, Sun Chemical Corporation and DIC Corporation jointly acquired Gwent Electronic Materials Ltd., a U.K.-based manufacturer of conductive inks, pastes and powders for the printed electronic market.
Some of the other key players in the market include Electronics For Imaging, Inc., 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.
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