CHICAGO, April 30, 2021 / PRNewswire / – According to New Market Research Report “Digital ink printing market (UV curing, aqueous, solvent, latex and thermal sublimation), printheads (inkjet and laser), substrate (plastic film or sheet, non-stick coating, glass, textile, paper , ceramics) and geography – Global forecasts until 2026 “, published by MarketsandMarkets ™, the size of the digital printing market is expected to grow from $ 24.8 billion in 2021 to $ 34.3 billion by 2026, at a CAGR of 6.7%. The growing demand for sustainable printing and the developments in the packaging and textile industries are the key factors driving the growth of the digital printing market.
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UV Cured Ink Market Expected To Grow At A Higher CAGR During The Forecast Period
UV cured ink consists mainly of acrylic monomers with a photoinitiator. After printing, the ink is exposed to strong ultraviolet (UV) light, traditionally a shutter mercury arc lamp, causing a chemical reaction that causes the components of the ink to crosslink into a solid. This type of ink hardens and dries quickly when exposed to UV light and can be sent to the next step in the production process. This makes it durable and suitable for printing on a wide range of flexible materials, as well as direct to rigid substrates. UV curable ink also offers some environmental benefits; for example, it allows printers to use inks that are toxin-free, i.e. 100% ink, and waste-free compared to solvent-based inks.
Inkjet printhead to account for largest share in 2020
The inkjet printhead market is estimated to account for the largest share of the overall digital printing market in 2020. Inkjet printheads can be of the inkjet type. continuous or on-demand inkjet printers. In the continuous inkjet printer, a continuous flow of ink is supplied to the printhead using a pump and a piezoelectric nozzle cycle. Continuous inkjet printer results in higher ink consumption than on-demand inkjet printers.
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North America will represent the largest share in 2020
In terms of value, North America account for the largest share of the global digital printing market in 2020. The market in North America is driven by technological advances in the packaging and textile industry. The demand for digital printing for packaging will be driven by factors such as increased sales of consumer durables, high disposable income, growing demand for packaged food and changing demographics. The increased use of digital printers in packaging and textile printing in the United States is expected to drive the market in North America.
Hewlett-Packard Development Company, LP (US), Canon, Inc. (Japan), Ricoh Company, Ltd. (Japan), Mimaki Engineering Co., Ltd. (Japan), Roland DG Corporation (Japan), Xerox Corporation (United States), Seiko Epson Corporation (Japan), Durst Phototechnik AG (Italy), Electronics for Imaging, Inc. (United States), Inca Digital Printers Limited (United Kingdom), Printronix (United States), Brother Industries, Ltd. (Japan), Oki Electrical Industry (Japan), Kyocera Corporation (Japan), Toshiba (Japan), Samsung Electronics (South Korea), Konica Minolta (Japan), Sharp (Japan), Panasonic (Japan), CCG (Taiwan), ID Technology (US), Neuralabel Printing Solutions (US), Dalemark Industries (US), nkcups (US) and Rena Systems (US) are some of the big companies that dominate the digital printing market.
Large Format Printer Market by offering (printers, RIP software, services), ink type (aqueous, solvent, UV curable, latex, thermal sublimation), printing technology, printing material, printing width, application and geography – Forecast worldwide until 2025
Production Printer Market by Type (Monochrome, Color), Technology (Inkjet, Toner), Production Method (Single Sheet, Continuous Feed, Sheet Feed and Web), Application and Geography – Global Trends and Forecasts to 2022
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