The report "Digital
Printing Market by
Ink (UV-cured, Aqueous, Solvent, Latex, and Dye Sublimation), Printheads
(Inkjet and Laser), Substrate (Plastic Film or Foil, Release Liner, Glass,
Textile, Paper, Ceramic), and Geography - Global Forecast to 2026" The digital
printing market size is expected to grow from USD 24.8 billion in 2021 to USD
34.3 billion by 2026, at a CAGR of 6.7%. Growing demand for sustainable
printing and developments in packaging and textile industries are the key
factors driving the growth of the digital printing market.
Market for UV-cured ink to grow at a
higher CAGR during the forecast period
UV-cured ink primarily consists of acrylic
monomers with a photoinitiator. After printing, the ink is exposed to a strong
ultraviolet (UV) light, traditionally a shuttered mercury arc lamp, causing a
chemical reaction that results in cross-linking of ink components to a solid.
This type of ink gets set and dries quickly on exposure to UV light and can be
sent to the next step of the production process. This makes it durable and
suitable for printing on a wide range of flexible materials, along with direct
to rigid substrates. UV-curable ink also offers some environmental advantages;
for instance, it allows printers to use ink without toxins, i.e., 100% ink, and
no wastage compared to solvent-based inks.
Inkjet printhead to account for largest share
in 2020
The market for inkjet printhead is
estimated to account for the largest share of the overall digital printing
market in 2020. Inkjet print heads can either be of continuous inkjet type or
drop-on-demand inkjet printers. In the continuous inkjet printer, a continuous
stream of ink is supplied to the print head with the help of a pump and a
piezoelectric nozzle cycle. The continuous inkjet printer leads to higher
consumption of ink than -on-demand inkjet printers.
North America to account for largest share in
2020
In terms of value, North America account for
the largest share of the overall digital printing market in 2020. The market in
North America is driven by technological advancements in the packaging and
textile industry. The demand for digital printing for packaging will be driven
by factors such as increasing consumer durable sales, high disposable income,
increasing demand for packaged foods, and demographic changes. The increased
use of digital printers in packaging and textile printing in the US is expected
to drive the market in North America.
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Hewlett-Packard Development Company, l.P.
(US), Canon, Inc. (Japan), Ricoh Company, Ltd. (Japan), Mimaki
Engineering Co., Ltd. (Japan), Roland DG Corporation (Japan), Xerox Corporation
(US), Seiko Epson Corporation (Japan), Durst Phototechnik AG (Italy),
Electronics for Imaging, Inc. (US), Inca Digital Printers Limited (UK),
Printronix (US), Brother Industries, Ltd. (Japan), Oki Electric Industry
(Japan), Kyocera Corporation (Japan), Toshiba (Japan), Samsung Electronics
(South Korea), Konica Minolta (Japan), Sharp (Japan), Panasonic (Japan), GCC
(Taiwan), ID Technology (US), Neuralabel Printing Solutions (US), Dalemark
Industries (US), nkcups (US), and Rena Systems (US)are a few major companies
dominating the Digital printing market.
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