Digital Ink Market Analysis | 2024-2030

Market Insights

"The digital ink market was estimated at USD 4 billion in 2023 and is likely to grow at a CAGR of 12.14% during 2024-2030 to reach USD 8.95 billion in 2030".

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Market Dynamics

Introduction

Digital ink, also known as electronic ink or e-ink, refers to a technology that mimics the appearance of ordinary ink on paper. It is commonly used in e-readers, electronic paper displays, and certain digital note-taking devices. Digital ink is different from traditional displays, such as LCD or OLED screens, as it offers several unique features.

Market Drivers

The pandemic disrupted global supply chains, affecting the production and distribution of electronic devices, including e-readers and digital note-taking devices that use digital ink displays. Many manufacturers faced delays and shortages. With lockdowns and restrictions in place, there was a surge in demand for e-readers and tablets for e-learning and remote work. This led to an increased demand for digital ink displays, which are preferred for e-readers due to their paper-like readability and reduced eye strain.

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Overall, the impact of COVID-19 on the digital ink market was a mix of challenges and opportunities. While manufacturing and supply chain disruptions posed obstacles, increased demand for e-readers, e-learning solutions, and digital signage contributed positively to the market. The long-term effects will depend on how these trends continue to evolve and how companies adapt to changing consumer behaviors and needs.

Key Players

The following are the key players in the digital ink market:

• Wikoff Color Corporation
• Sun Chemical
• Siegwerk Druckfarben AG & Co. KGaA.
• Cabot Corporation
• FUJIFILM Corporation

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Formulation Type

Based on the formulation type, the digital ink market is segmented into solvent-based, water-based, and UV-cured. With the lowest decline in the demand for digital inks by the pandemic, UV-cured ink is expected to remain the largest and the fastest-growing formulation type in the market during the forecast period owing to the applications in a wide range of industries, including signage, labels, packaging, and industrial printing. They are suitable for both indoor and outdoor applications. UV-cured inks offer fast curing times, allowing for high-speed printing. They are versatile and can be used on a variety of substrates. UV printing is often associated with reduced environmental impact as it typically produces less waste and emits fewer volatile compounds.

By Application Type

Based on the application type, the market is segmented into advertising & promotion, ceramic tiles printing, clothing & household textiles, packaging, and glass printing. Advertising & Promotion is expected to remain the dominant as well as the fastest-growing application in the market during the forecast period. It offers flexibility in producing various marketing materials, including banners, posters, signage, and promotional products. The ability to produce short print runs and customized promotional items has contributed to its popularity in this sector.

Regional Insights

In terms of regions, Asia-Pacific is expected to remain the largest market for digital ink during the forecast period. There are several plastic packaging manufacturing units in the Asia-Pacific region, particularly in China, Korea, Japan, and India. Due to the rising domestic demand for processed foods and the growing export demand mainly from other nations in the region, there has been an increase in the usage of digital inks on printed packaging.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s digital ink market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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