Digital inks are utilized to print digital images on packaging materials, newspapers, textiles, and industrial products. In recent years, the application of these inks has increased significantly, as these inks take less time for on-demand printing, thereby, reducing the cost of printing. Moreover, digital printing does not need replacement of printing plates, unlike traditional methods like lithography, gravure, letterpress, and flexography. Owing to these advantages, the adoption of these inks has surged in sectors like packaging, publication, textiles, and industrial.
Owing to these reasons, the digital inks market size is projected to exhibit a CAGR of 5.4% during 2017–2023. According to P&S Intelligence, the market was valued at $1,147.4 million in 2016, due to the expansion in the packaging industry and technological advancement in the publication sector. The packaging industry is growing due to the spurring demand for packaged food items and escalating gross domestic product (GDP) of several countries. Moreover, the increasing focus on the digitalization of books will augment the demand for digital inks in future.
In recent years, application of ultraviolet (UV)-cured inks has increased significantly, as they offer advantages such as enhanced durability, optimum-print quality, and high-curing speed. These inks coupled with flexible ink films have minimum volatile organic compound (VOC) levels and offer enhanced resistance to scratches and wear and tear. Owing to these benefits, UV-cured inks are being adopted in sectors like food and pharmaceutical packaging and printing and publication. Moreover, these inks consume less energy, have high durability, and lead to zero ozone generation that will add to their popularity in future.
Thus, the benefits offered by digital printing over traditional printing will boost the adoption of digital inks in foreseeable future.
Read more: https://www.psmarketresearch.com/market-analysis/digital-inks-market
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