Inkjet ink manufacturers are seeing more opportunities in the packaging segment, as well as other industrial applications.
David Savastano, Editor05.11.18
Digital printing continues to be a major growth area, with movement into new segments such as packaging coming along quickly. In its latest report, “Digital Inks Market by Formulation (Solvent-Based, Water-Based, UV-Cured), Application (Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, Packaging, Glass Printing), Substrate, and Region - Global Forecast to 2023,” wwhttp://www.marketsandmarkets.com estimates that the global digital inks market will grow from $2.71 billion in 2018 to $4.17 billion by 2023, at a CAGR of 9.1% from 2018 to 2023.
“Packaging is the fastest-growing segment of the digital inks market, owing to the high demand for digital inks for label printing,” according to MarketsandMarkets analysts.
MarketsandMarkets also published “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), Subs
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