The report “digital printing market by ink (UV-curable, aqueous, solvent, latex and sublimation), printheads (inkjet and laser), substrate (plastic film or sheet, release liner, glass, textile, paper, ceramic) and Geography – Global forecasts for 2026“. The global digital printing market size will grow from USD 24.8 billion in 2021 to USD 34.3 billion by 2026, at a CAGR of 6.7% during the period 2021-2026. Rising demand for sustainable printing, developments in the packaging and textile industries, and reduction in the unit cost of printing with digital printers are the major drivers for the growth of the digital printing market.
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Browse 158 market data tables and 49 figures spread over 211 pages and a detailed table of contents at“Digital Printing Market and Geography – Global Forecast to 2026” View Detailed TOC Here – https://www.marketsandmarkets.com/Market-Reports/digital-printing-market-97124440.html
UV curable inks market is expected to grow at a higher CAGR during the forecast period
UV-curable ink consists primarily of acrylic monomers with a photoinitiator. After printing, the ink is exposed to strong ultraviolet (UV) light, traditionally a shuttered mercury arc lamp, causing a chemical reaction that causes the components of the ink to crosslink into a solid. This type of ink sets and dries quickly when exposed to UV light and can be sent to the next step in the production process. This makes it durable and suitable for printing on a wide range of flexible materials, as well as direct to rigid substrates. UV-curable ink also offers some environmental benefits; for example, it allows printers to use toxin-free ink, i.e. 100% ink, and with zero waste compared to solvent-based inks.
Inkjet printhead will account for the largest share in 2020
The inkjet printhead market is estimated to account for the largest share of the overall digital printing market in 2020. Inkjet printheads can be either of the inkjet type continuous ink or on-demand inkjet printers. In the continuous inkjet printer, a continuous stream of ink is supplied to the printhead using a pump and a piezoelectric nozzle cycle. The continuous inkjet printer results in higher ink consumption than on-demand inkjet printers.
North America will account for the largest share in 2020
In terms of value, North America accounts for the largest share of the overall digital printing market in 2020. The North American market is driven by technological advancements in the packaging and textile industry. The demand for digital printing for packaging will be driven by factors such as increasing sales of durable consumer goods, high disposable income, increasing demand for packaged food and changing demographics. The increased use of digital printers in packaging and textile printing in the United States is expected to drive the market in North America.
Hewlett-Packard Development Company, IP (USA), Canon, Inc. (Japan), Ricoh Company, Ltd. (Japan), Mimaki Engineering Co., Ltd. (Japan), Roland DG Corporation (Japan), Xerox Corporation (USA), Seiko Epson Corporation (Japan), Durst Phototechnik AG (Italy), Electronics for Imaging, Inc. (USA), Inca Digital Printers Limited ( UK), Printronix (USA), Brother Industries, Ltd. (Japan), Oki Electric Industry (Japan), Kyocera Corporation (Japan), Toshiba (Japan), Samsung Electronics (South Korea), Konica Minolta (Japan), Sharp (Japan), Panasonic (Japan), GCC (Taiwan) , ID Technology (USA), Neuralabel Printing Solutions (USA), Dalemark Industries (USA), nkcups (USA) and Rena Systems (USA) are some big companies dominating the printing market. ‘digital printing.
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To view the original version on ABNewswire, visit: Turning data into action: the future of the digital printing industry