In its new research study named “continuous inkjet inks Market,” FMI has provided crucial insights and produced a revised forecast analysis on the market. The research begins by introducing the industrial environment. Next, it examines market sizes, by-products (by-products), geographies forecasts for applications, vendor and company competitors, as well as an examination of application forecasts.
FMI’s latest industry survey predicts that the global sale of continuous inkjet printer inks will increase due to an increased adoption rate by end-user industries. Sales of continuous inkjets inks will increase by 1.4 times from 2022 to 2030.
According to the consumer-level study, water-based inks were the most commonly used ink type around the globe. They are expected to account for more than a quarter in the global market share of continuous inkjets inks in 2022. The end-user analysis predicts that the food industry will be the biggest end-user in 2022. It is estimated to account for two-fifths (or about $2 billion) of the total global sales of inkjet continuous.
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The study looks at market share, growth patterns and forecasts. The research includes unique aspects that could have a significant impact on the industry’s development throughout the projection period. The dashboard allows users to view detailed information on the study.
East Asia is predicted to be the largest market for continuous inkjet compared to the rest. East Asia’s share of global continuous inkjet sales is projected to reach 27% in 2030. The global continuous inkjet inks market is estimated at US$ 337.6 Million In 2022, it is expected to reach US$ 488,6 Mn By 2030, the goal is to have a 100% reduction in greenhouse gas emissions a CAGR of 4.7% From 2022 until 2030.
Market study of continuous inkjet inks: Key takeaways
- Food industry to be the key end users of continuous inkjet inks as it is poised to account for of 39.8% in the global market by 2030
- Glass as a substrate anticipated to register a CAGR of 6.1% during the forecast period 2022-2030
- Water-based inks estimated to account for nearly half of the global market, 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 presence of large number of ink manufacturers
- North America projected to grow by 1.4X during 2022-2030. The absolute $ opportunity for the North American market during 2022-2030 is estimated to be US$ 28 Mn.
- 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. The print quality would be improved and the inkjet printers’ life extended. Inkjet printers benefit from UV-curable inks as well. This has led to attracting customers who prefer packaging with rigid substrates such as wood, plastic, and aluminium” says an FMI analyst.
Water-based Inks will be more popular if they have a lower carbon footprint
In recent years, brand owners and consumers have become more conscious about their carbon footprint. The water-based segment has gained an edge over the other types of inks, which are a combination of PVC and plasticiser. Water-based inks are free from ozone depleting chemicals and hydrocarbons, which is making them popular in an environment-conscious world. As water-based printer inks contain no harmful chemicals, they prolong the life of the printers and reduce maintenance costs.
The inks improve printability, as they absorb into the substrate. This allows them to enhance fine details on printed products. This segment will continue to grow as brands become more careful in selecting the right inks for packaging. Water-based inks are also a good option for the segment, as they are nontoxic, food safe and have no odor.
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Global Continuous Inkjet Inks market by category
Substrate
- Paper
- Paper & Paperboard
- Cardboard
- Plastic Sheets
- Glass
- Metal
- Others (Fabrics, etc.)
Type of Ink:
- 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)
COVID-19 and the Continuous Inkjet Inks Market
Global pandemic COVID-19 is causing challenges for businesses around the globe. The United States is the largest consumer of continuous inkjets in North America. COVID-19’s debilitating effects on this region have slowed packaging activities and impacted ink sales.
Europe is second in the world in terms of the coronavirus outbreak, and also the second biggest consumer of continuous inkjet. Italy, Spain France, Germany, and United Kingdom are the countries most affected by this outbreak. They will experience slow growth until the situation is under control. The pandemic has caused disruptions to import and export, which have reduced the supply of raw materials.
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Continuous Inkjet Inks Market Landscape
Linx Printing Technologies, Eastman Kodak Company, Sun Chemical, Videojet Technologies, Inc. and Sun Chemical are the leaders in the market for continuous inkjet inks. 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. Tier 3 players hold between 40-55% of the global market for Continuous Inkjet Inks. In conclusion, key players contribute almost 1/4th of the global market
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