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The market for digital ink is observing a significant growth due to its swelling demand in commercial printing, packaging and office printing.<br><br>On the basis of type, the digital inks market is segmented into electrography digital inks and inkjet digital inks. Amongst these two types, electrography digital inks capture a larger market share by 2024 as these inks are widely being implemented and will continue to be adopted in computer laser printers and photocopy machines across the globe.
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Global Digital Inks Market The market for digital ink is observing a significant growth due to its swelling demand in commercial printing, packaging and office printing. On the basis of type, digital inks market is segmented into electrography digital inks and inkjet digital inks. Amongst these two types, electrography digital inks capture larger market share by 2024 as these inks are widely being implemented and will continue to be adopted in computer laser printers and photocopy machines across the globe. Based on formulation, digital inks market is segmented into oil-based, solvent-based, water-based and UV cured digital inks. Of all these formulations oil based digital inks hold largest digital inks market globally and UV cured digital inks is expected to witness fastest growth during 2020–2027.
Global Digital Inks Market The increasing demand for digital inks from the packaging industry and increasing demand for UV curved inks from several printing processes are expected to drive the growth of the global digital inks market. According to a recent study, it has been observed that the packaging segment has been witnessing high growth and it is further expected to follow a similar trend in the near future. Increasing population of younger generation, increasing disposable income, changing and evolving lifestyle of consumers and rising GDP are the major factors driving the growth of global digital inks market globally. The use of digital inks is further observed to be gaining popularity in metal cans, tags and labels and all sort of flexible materials.
Global Digital Inks Market North America is the largest digital ink market as the region has several established huge and key industry players of digital inks in the market. Moreover, the increasing demands for UV cured the ink, increasing trend of consumer expenditure on several offerings and enlargement of the population base and are further strengthening the growth of digital inks market in this region. The most crucial factor driving the growth of this market is the prices of crude oil and the growth of renewable energy in this region. Sun Chemical Corporation, Flint Group, SiegwerkDruckfarben 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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