PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211721
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211721
Next Generation Printing Ink Market size was valued at USD 5,791.0 Million in 2021, expanding at a CAGR of 5.6% from 2022 to 2028.
next-generation ink system because it has many advantages over conventional solvent-based ink systems, including better resolution, a wide color range, little smell, low energy usage, and minimal VOC.
Market Dynamics
The market for next-generation printing inks has grown significantly as a result of the expanding demand from the textile and packaging industries. Along these lines, the rapid development of printing ink technology and the rising demand for ink from the packaging industry are also playing a major role in promoting the expansion of the market for next-generation printing inks. Additionally, a number of digital printing ink companies are stepping up their efforts to develop anti-microbial inks and rising environmental concerns and a strong push from governments to adopt sustainable ink products are both positively impacting the growth of the next generation printing ink market. Growing consumer interest in biodegradable goods is the main driver of the market's expansion especially in emerging economies.
Further, stiff government regulations on volatile organic compounds (VOCs) utilized by the conventional printing industry, pushing the market for eco-friendly inks. It is anticipated, the growing initiatives for the development of antimicrobial inks by some digital printing inks companies as well as the swift shift in consumer focus toward faster and more efficient printing methods will present a variety of growth opportunities for the next generation printing ink market. Additionally, for the sake of safety and the environment, next-generation printing inks should be used instead of conventional solvent-based and aqueous coating technologies. However, the dwindling commercial printing sector and the stricter environmental regulations and standards linked with the throwaway could be major barriers for the market growth.
Segmentation Analysis:
The Global Next Generation Printing Ink Market is segmented on the basis of Type, Technology, Application, and Region.
The market is split into six categories based on Type: aqueous ink, solvent-based ink, UV-cured ink, eco-solvent ink, latex-based ink, others. The solvent-based ink segment dominates the market. Increasing need for eco-friendly inks is mainly contributing to segment growth.
The market is segmented into four categories based on Technology: inkjet printing technology, continuous inkjet printing technology, drop-on-demand inkjet printing technology, laser printing technology. The inkjet printing technology segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to a rise in the demand for inkjet printing.
The market is segmented into six categories based on Application: apparels, publishing and printing, packaging, building and construction, printed circuit boards, and automotive. The publishing and printing segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for next generation printing ink in publishing and paper printing is boosting the segment growth.
Competitive Landscape:
The worldwide market for next generation printing ink is highly fragmented in nature with few large market players dominating the global market share. The companies in market emphasize on adopting aggressive strategies to reach out large consumer base. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new type launches, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in 2022, Siegwerk commissioned a new solvent-based Blending Center facility in India to strengthen its position in the India market.
Key features of the study:
This proposed research study on Next Generation Printing Ink market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Next Generation Printing Ink market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Next Generation Printing Ink market
Impact of COVID-19 on Next Generation Printing Ink market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Next Generation Printing Ink market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Next Generation Printing Ink market, we have also included competitive landscape and key innovator analysis for the Next Generation Printing Ink market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Next Generation Printing Ink market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Next Generation Printing Ink market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL NEXT GENERATION PRINTING INK MARKET KEY PLAYERS
Thermo Fisher Scientific Inc.
Mimaki Engineering Co. Ltd.
Altana AG
Kornit Digital Ltd.
DuPont De Nemours, Inc.
Flint Group
DIC Corporation
Siegwerk
Huntsman Corporation
Domino Printing Sciences plc
Fujifilm Holdings Corporation
Memjet
Sakata INX Corporation
Dover Corporation
HP Inc. (Hewlett-Packard)
Roland DG Corporation
Sensient Technologies Corporation
GLOBAL NEXT GENERATION PRINTING INK MARKET, BY TYPE
Aqueous Ink
Solvent-Based Ink
UV-Cured Ink
Eco-Solvent Ink
Latex-Based Ink
Others
GLOBAL NEXT GENERATION PRINTING INK MARKET, BY TECHNOLOGY
Inkjet Printing Technology
Continuous Inkjet Printing Technology
Drop-On-Demand Inkjet Printing Technology
Laser Printing Technology
Others
GLOBAL NEXT GENERATION PRINTING INK MARKET, BY APPLICATION
Apparels
Publishing and Printing
Packaging
Building and Construction
Printed Circuit Boards
Automotive
GLOBAL NEXT GENERATION PRINTING INK MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA