Market Trends of Digital Ink Industry
This section covers the major market trends shaping the Digital Ink Market according to our research experts:
Growing Demand from the Textile and Construction Industries
- Digital inks have been used to make an impression of interior architectural design through indoor signage and display systems. Designed custom walls and floor graphics can add spectacular imagery and color to interiors.
- Demand from different sectors, like service, commercial buildings, and offices, is augmenting the usage of digital inks for reception and directional signs navigation purposes.
- Ceramic inkjet printing processes have radically changed the manufacturing process of decorated tiles. Consumers are being attracted to customized ceramic tiles for complex, realistic marble images with different patterns for residential applications.
- Asia-Pacific is the main hub for the global textile industry. Asia is expected to remain the global textile manufacturing hub in the next five years, led by countries like China, India, Bangladesh, Vietnam, Pakistan, Sri Lanka, and Indonesia. China and India are the top two textile industries in the world.
- Due to the above-mentioned factors, the market for digital printing inks in the segments studied is expected to increase during the forecast period.
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Asia-Pacific to Witness Rapid Growth in the Market Studied
- The demand in Asia-Pacific for digital inks has been growing rapidly in recent times. Sectors, such as automotive, textiles, glass, and ceramic tiles, have started adopting digital inks for decorative, signages, and packaging purposes.
- Companies are using vehicle wraps and graphics on their vehicles for self-marketing purposes to grab consumers' attention. Additionally, these vehicle wraps protect automobiles from scratches and dents during minor accidents.
- According to Federmacchine, Asia-Pacific leads the ceramic tiles market around the world. The consumption and the usage of digital inks in ceramic tiles and promotional materials in China are the highest in the region, followed by India.
- Recently, in the packaging sector, manufacturers prefer the usage of printed packages because of the flexibility of digital inks.
- The Indian textiles sector is one of the oldest in the Indian economy. The production of raw cotton reached 35.4 million bales for the fiscal year 2020. The foreign direct investments for textiles in India stood at 3.46 billion USD between April to September of 2020.
- According to the National Bureau of Statistics of China, the construction output value in the country increased from CNY 9.6 trillion in 2010 to CNY 24.84 trillion in 2019.
- China, Korea, Japan, and India from Asia-Pacific have a various number of plastic packaging manufacturing units. The increasing domestic demand for processed foods and the growing export demand, majorly from other countries in the region, increased digital inks usage on printed packings.
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