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Digital Printing Market Estimated at<br />
$28.85 Billion by 2023<br />
Development of packaging and textile industries worldwide, reduction in per<br />
unit cost of digital printing to drive growth.<br />
According to the new market research<br />
from MarketsandMarkets, “Digital Printing Market for<br />
Printers, Inks, and Print Heads by Ink Type (Aqueous,<br />
Solvent, UV-Curable, Latex, and Dye Sublimation), Print<br />
Head Type (Inkjet and Laser), Substrate Type (Glass,<br />
Textile, Paper), and Geography - Global Forecast to<br />
2023,” the digital printing market was valued at $22.18<br />
billion in 2017 and is expected to reach $28.85 billion<br />
by 2023, at a CAGR of 4.48% between 2017 and 2023.<br />
The growing demand for sustainable printing, development<br />
of packaging and textile industries<br />
worldwide, and reduction in per unit cost of printing<br />
with digital printers are expected to drive the<br />
growth of the digital printing market worldwide.<br />
The ink market for digital printing is expected to hold<br />
the largest share of the digital printing market between<br />
2017 and 2023. The overall digital printing market<br />
includes digital printer market, ink market for digital<br />
printing, and printhead market. The ink market<br />
for digital printing has the largest share of the overall<br />
market owing to its extensive benefits in digital printing,<br />
such as they are waterproof and UV-resistant,<br />
and do not have any significant environmental impact.<br />
UV-cured ink is expected to hold the largest share<br />
between 2017 and 2023. UV-cured ink for digital<br />
printing is the fastest-growing segment, which offers<br />
various advantages such as quick drying, environment-friendly,<br />
low price, and resistance to UV rays,<br />
which are very important for printing on plastics, textiles,<br />
and others. As a result, UV-cured ink is increasingly<br />
replacing solvent ink despite being more expensive.<br />
North America held the largest share of the digital printing<br />
market in 2016. The market in North America has<br />
many startups and favorable compliance and government<br />
regulations.<br />
Functional and Industrial Printing Market to Grow to<br />
$114.8 Billion by 2022<br />
Sectors such as inkjet textile printing, 3D printing and<br />
electronics are among those showing strong growth.<br />
Industrial and functional printing applications are all<br />
seeing growth with sectors including décor and laminates,<br />
ceramics, electronics, including displays and<br />
150 <strong>Mart</strong> <strong>2019</strong>
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