The global continuous inkjet ink market is undergoing remarkable growth, with an estimated value of US$ 337.6 million in 2022, and a projected valuation of US$ 488.6 million by 2030. This expansion is attributed to a substantial Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2030. According to a recent industry survey by FMI, the demand for continuous inkjet inks is surging, driven by the increasing adoption of printers across various end-user industries. Consequently, the sales of continuous inkjet inks are expected to grow by 1.4 times between 2022 and 2030.
In the realm of ink types, water-based inks emerge as the most widely used ink type globally, holding nearly half of the industry share in the global continuous inkjet ink market in 2022.
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Market Innovation:
Advanced Formulations for Diverse Substrates:
- Innovations in continuous inkjet ink formulations cater to various substrates, including plastics, metals, and flexible packaging materials. These advanced formulations ensure optimal adhesion and print quality across diverse surfaces.
Specialized Inks for High-Speed Printing:
- Continuous inkjet technology is evolving with specialized inks designed for high-speed printing applications. These inks offer quick drying times, minimizing smudging and ensuring sharp, clear prints even at accelerated production speeds.
UV-Curable Continuous Inkjet Inks:
- UV-curable inks are a notable innovation in continuous inkjet technology. These inks cure rapidly upon exposure to ultraviolet light, providing instant drying and enabling efficient printing on various substrates with enhanced durability and resistance properties.
Eco-Friendly Solvent Solutions:
- The continuous inkjet ink market is witnessing innovations in eco-friendly solvent solutions. Manufacturers are developing inks with reduced environmental impact, incorporating sustainable and biodegradable components to meet the growing demand for environmentally conscious printing solutions.
Color-Shifting and Specialty Effects Inks:
- Innovations in continuous inkjet technology include the development of color-shifting and specialty effects inks. These inks add a dynamic visual element to prints, allowing for unique and eye-catching effects, which is particularly beneficial in packaging and product branding applications.
Key Takeaways of Continuous Inkjet Inks Industry Study
- The food industry to be the key end-user of continuous inkjet inks as it is poised to account for 39.8% of the global market by 2030
- Glass as a substrate is anticipated to register a CAGR of 6.1% during the forecast period 2022-2030
- Water-based inks are estimated to account for nearly half of the global industry and reach slightly over US$ 220 Mn in 2030.
- East Asia is estimated to have an incremental opportunity of US$ 61.5 Mn by 2030 with the presence of a large number of ink manufacturers
- North America is projected to grow by 1.4X during 2022-2030. Absolute $ Opportunity in the North American industry is forecasted to be US $ 28 Mn during 2022-2030.
- The pharmaceuticals segment amongst the other end-use industries estimated to account for 22.9% of the market share.
“Manufacturers are coming up with ink solutions such as UV curable inks for the inkjet printers. This would enhance the print quality and prevent it from degrading due to UV rays. The UV curable inks also provide enhanced life to the inkjet printers. This has led to attracting customers who prefer packaging with rigid substrates such as wood, plastic, and aluminium” says an FMI analyst.
Reduced Carbon Footprint to win Water-based Inks Steady Demand
Lately, consumers and brand owners have become more conscious of their carbon footprint. This has given an edge to the water-based inks segment when compared to the other ink types which are a mixture of PVC resin and plasticiser. Water-based inks are free from ozone depleting chemicals and hydrocarbons, which is making them popular in an environment-conscious world. Since, water-based inks are free from harmful chemicals, they extend the life of the printers, thus reducing the maintenance cycles and costs.
These inks also result in improved printability as water-based-inks soak into the substrate, which makes them enhance elaborate details of design and lettering on printed products. As brands are becoming more deliberate in choosing the right ink for product packaging, this segment is projected to witness a steady growth. The segment also stands to benefit with the food and beverage brand opting for water-based inks due to their food-safe, odor-free and nontoxic attributes.
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Global Market by Category:
By Substrate:
- Paper
- Paper & Paperboard
- Cardboard
- Plastic Sheets
- Glass
- Metal
- Others (Fabrics, etc.)
By Ink Type:
- Aqueous / Water-based Inks
- Dye based
- Pigment Based
- Solvent-based Inks
- UV curable Inks
- Phase Change ink/ Hot Melt Inks
By End Use:
- Food
- Beverage
- Pharmaceuticals
- Electronical & Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Continuous Inkjet Inks Market Landscape
Linx Printing Technologies, Eastman Kodak Company, Sun Chemical and Videojet Technologies, Inc. are the top players in the Continuous Inkjet Inks market. Furthermore, Kao Collins Corporation, IIMAK, Tritron GmbH, Needham Inc, Jet Inks Private Limited, Palco Industrial Marking & Labeling, Inc., Printjet USA and Squid Inks are prominent players in the Continuous Inkjet Inks market. The Tier 3 players in the market hold 40-55% in the global Continuous Inkjet Inks market. In conclusion, key players contribute almost 1/4th of the global market
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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