The digital inks market reached an estimated value of USD 4,102.6 million in 2023 and is projected to rise to approximately USD 7,823.7 million by 2030, with a compound annual growth rate (CAGR) of 9.8% anticipated from 2024 to 2030. This growth of the market can be credited to the increasing adoption of digital printing techs, the rising need for customization, technical growth in digital printing, and growing ecological worries.

The latest digital printers rely on advanced technology to print out a larger gamut of images, a higher resolution of the graphics and images, and faster speed in printing. The advent of latest innovations on digital printing is definitely giving it another chance to stand out compared to conventional methods such as flexography and offset printing.

If printing is seen as an art form, broadening the methodologies of it makes it multidimensional, now including digital printing due to its affordability and efficiency. There is a rapid and broad scale replacement of inks and ink-based materials in packaging, textiles, and electronics sectors by digital printers. The envisaged intensive use results in an increasing need for custom digital inks that work with expanding technologies.

It should be noted that the increasing popularity of printed electronics and the corresponding forecast of it worth up to USD 42.4 billion by 2030 is directly related to the breakthroughs in functional ink technologies.

On the basis of formulation, the UV-cured category, is a substantial contributor to the market. UV-cured inks offer several advantages, like greater durability, high curing speed, and optimum print quality. Such inks with flexible ink films have least VOC levels and offers better resistance to scratches and wear & tear. Additionally, such inks are best on different kinds of surfaces and also absorbents, enabling broader application across inflexible or flexible print substrates.

Based on type, the electrography category, holds a major share in the market. The dominant portion of the market share can primarily be attributed to the increased adoption of electrographic printing within the packaging industry. This method finds application across a wide array of substrates including glass, paper, fabric, and metal. Furthermore, its widespread utilization in commercial applications is driven by its cost-effectiveness, capacity for large-scale printing, and high-speed operation, among other advantages.

North America holds a substantial portion of the market mainly because of the increased demand within printed circuit boards, office and commercial printing sectors. Also, sustainable inks for electronic devices are predicted gain significant sale shares in the upcoming future market's matter in this region.

Source: P&S Intelligence