According
to the new market research report "Digital
Printing Market for Printers, Inks, and Print Heads by Ink Type (Aqueous,
Solvent, UV-Curable, Latex, and Dye Sublimation), Print Head Type (Inkjet and
Laser), Substrate Type (Glass, Textile, Paper), and Geography - Global Forecast
to 2023", The digital printing market was valued at USD 22.18 Billion
in 2017 and is expected to reach USD 28.85 Billion by 2023, at a CAGR of 4.48%
between 2017 and 2023. The growing demand for sustainable printing, development
of packaging and textile industries worldwide, and reduction in per unit cost
of printing with digital printers are expected to drive the growth of the
digital printing market worldwide.
The
ink market for digital printing to hold a major share of the digital printing
market during the forecast period
The
ink market for digital printing is expected to hold the largest share of the
digital printing market between 2017 and 2023. The overall digital printing
market includes digital printer market, ink market for digital printing, and
print head market. Ink market for digital printing has the largest share of the
overall market owing to its extensive benefits in digital printing such as they
are waterproof and UV-resistant, and do not have any significant environmental
impact.
UV-cured
ink is expected to hold the largest share of the ink market for digital
printing
UV-cured
ink is expected to hold the largest share between 2017 and 2023. UV-cured ink
for digital printing is the fastest-growing segment, which offers various
advantages such as quick drying, environment-friendly, low price, and
resistance to UV rays, which are very important for printing on plastics,
textiles, and others. As a result, UV-cured ink is increasingly replacing
solvent ink despite being more expensive.
Inkjet
print head held the largest share of the print head market for digital printing
in 2016
Inkjet
print heads can print at an average speed of 13–15 pages per minute (PPM) and
can print over a large variety of surfaces such as brochures, T-shirts, and
others. Also, the color quality of a color inkjet print head is superior to a
laser print head. Along with the growing technology, manufacturers of inkjet
print heads have been providing inkjet print heads with reduced running cost
and faster printing speed for digital printing. These aforementioned factors
have led to the widespread adoption of inkjet print heads in the architecture,
engineering, and construction (AEC) industry.
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North
America held the largest share of the digital printing market in 2016
North
America held the largest share of the digital printing market in 2016. The
market in North America has many startups and favorable compliance and
government regulations. Enterprises in this region have a rapid growth rate and
a heavy demand for digital printing. Because of favorable government
regulations, European companies are also investing in the North American
market. Some of the major players in the market are Xerox (US), Hewlett-Packard
(US), and Ricoh (Japan).
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