The future of the Continuous Inkjet Inks Market appears promising, and poised for significant growth as it is estimated to reach US$ 488.6 million by 2030, reflecting a robust 4.7% Compound Annual Growth Rate (CAGR) from 2022. The surge in demand for continuous inkjet inks is attributed to the widespread adoption of printers across various end-user industries. Projections indicate a 1.4 times increase in sales between 2022 and 2030, underscoring the market’s potential expansion.
Water-based inks take center stage globally, dominating nearly half of the market share in 2022, reflecting their widespread usage. The food industry emerges as a pivotal player, expected to constitute almost 40% of total sales in 2022. Notably, the East Asian region leads the market, accounting for 24% of total sales in 2022 and poised to reach 27% by 2030, further accentuating the region’s prominence in the continuous inkjet inks landscape.
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When considering end-user industries, the food sector stands out as the largest, accounting for approximately 2/5th of total continuous inkjet ink sales worldwide in 2022.
Regionally, East Asia takes the lead, projected to be the largest market for continuous inkjet inks in comparison to other regions across the globe. In 2022, East Asia is estimated to account for 24% of total global sales of continuous inkjet inks, and this share is expected to grow to 27% by the year 2030. These dynamics reflect the growing significance of continuous inkjet inks across industries and regions, driven by printer proliferation and evolving ink preferences.
The study examines market share, demand, growth patterns, and forecasts for the next few years. The research includes unique aspects that could have a significant impact on the industry’s development throughout the projection period. A complete market dashboard is depicted, allowing users to examine detailed information about the study.
In comparison to the rest of the world, the East Asian area is expected to have the greatest market for continuous inkjet inks. East Asia is expected to account for 24% of total global sales of continuous inkjet inks in 2022, rising to 27% by 2030. The global continuous inkjet inks industry is estimated at US$ 337.6 Mn in 2022 and is projected to reach US$ 488.6 Mn by 2030, at a CAGR of 4.7% from 2022 to 2030.
Business Growth Opportunities in Multilayer Flexible Packaging:
- Sustainable Packaging Solutions:
- The demand for eco-friendly packaging is rising. Developing and offering sustainable multilayer flexible packaging solutions can open new avenues for business growth.
- Technological Innovation:
- Investing in research and development to introduce advanced technologies in packaging, such as smart packaging and barrier coatings, can enhance product offerings and attract a wider customer base.
- Global Market Expansion:
- Exploring and expanding into emerging markets can provide significant growth opportunities. Tailoring packaging solutions to meet the specific needs of diverse regions can be a key strategy.
- Customization and Personalization:
- Offering customizable packaging solutions to meet the unique requirements of different industries or brands can be a competitive advantage. This includes variations in size, shape, and printing capabilities.
- E-commerce Packaging Solutions:
- With the growth of e-commerce, there is a rising demand for packaging solutions that protect products during transit. Developing packaging solutions tailored for e-commerce applications can be a lucrative opportunity.
Industry Trends in Multilayer Flexible Packaging Industry:
- Rising Demand for Recyclability:
- Increasing awareness about environmental concerns is driving the trend towards recyclable packaging. Multilayer flexible packaging with recyclable materials is gaining traction.
- Innovations in Barrier Technologies:
- Advances in barrier technologies, including high-barrier films and coatings, are becoming prominent trends. These innovations aim to extend the shelf life of products and maintain product freshness.
- Focus on Lightweight Packaging:
- The industry is moving towards lightweight packaging to reduce material usage and transportation costs. Lightweight multilayer flexible packaging materials are gaining popularity without compromising on performance.
- Digital Printing Advancements:
- Digital printing technologies are revolutionizing packaging design and customization. This trend allows for shorter print runs, faster turnaround times, and increased flexibility in design.
- Emphasis on Convenience Features:
- Consumer preferences for convenience are driving trends in packaging. Multilayer flexible packaging with features such as easy-open seals, resealable closures, and portion control is gaining popularity in various industries.
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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.
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