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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 unit cost of<br />
digital printing to drive growth.<br />
According to the new market research from MarketsandMarkets,<br />
“Digital Printing Market for Printers, Inks, and Print Heads<br />
by Ink Type (Aqueous, Solvent, UV-Curable, Latex, and Dye<br />
Sublimation), Print Head Type (Inkjet and Laser), Substrate Type<br />
(Glass, Textile, Paper), and Geography - Global Forecast to<br />
2023,” the digital printing market was valued at $22.18 billion in<br />
2017 and is expected to reach $28.85 billion by 2023, at a CAGR<br />
of 4.48% between 2017 and 2023.<br />
UV-cured ink is expected to hold the largest share between 2017<br />
and 2023. UV-cured ink for digital printing is the fastest-growing<br />
segment, which offers various advantages such as quick drying,<br />
environment-friendly, low price, and resistance to UV rays, which<br />
are very important for printing on plastics, textiles, and others.<br />
As a result, UV-cured ink is increasingly replacing solvent<br />
ink despite being more expensive.<br />
North America held the largest share of the digital printing market<br />
in 2016. The market in North America has many startups and<br />
favorable compliance and government regulations.<br />
The growing demand for sustainable printing, development of<br />
packaging and textile industries worldwide, and reduction in<br />
per unit cost of printing with digital printers are expected to drive<br />
the growth of the digital printing market worldwide.<br />
The ink market for digital printing is expected to hold the largest<br />
share of the digital printing market between 2017 and 2023.<br />
The overall digital printing market includes digital printer market,<br />
ink market for digital printing, and printhead market. The<br />
ink market for digital printing has the largest share of the overall<br />
market owing to its extensive benefits in digital printing, such as<br />
they are waterproof and UV-resistant, and do not have any significant<br />
environmental impact.<br />
174<br />
<strong>Temmuz</strong> <strong>2018</strong>