Highspeed Inkjet Inks Market - Forecast(2023 - 2028)

Report Code: CMR 1094 Report Format: PDF + Excel

Highspeed Inkjet Inks Market Overview

The Highspeed Inkjet Inks Market size is projected to grow at a CAGR of 5.1% during the forecast period 2022-2027 and reach US$1.6 billion by 2027. Highspeed inkjet inks are primarily used in inkjet printers or high-resolution printers for direct printing applications for various end-users which include packaging, ceramic printing, commercial printing and more. The expansion of the highspeed inkjet inks market is primarily driven by their usage in the packaging industry. According to Interpack, the global packaging sector is expected to grow by an annual rate of 3.5% from 2021 to 2024. The surging growth of the packaging and commercial printing sector is expected to drive the growth of the highspeed inkjet inks market size in the upcoming years. On the other hand, the availability of substitutes may confine the market growth. In 2020, the surge in the COVID-19 pandemic negatively impacted packaging production activities, thus, temporarily affecting the growth of the highspeed inkjet inks industry. However, a steady recovery in packaging production activities has been witnessed since 2021, which in turn, is driving the demand for Highspeed Inkjet Inks.

Highspeed Inkjet Inks Market Report Coverage

The "Highspeed Inkjet Inks Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Highspeed Inkjet Inks Market.

By Type: Phase Change Inks, Solvent-based Inks, Water-Based Inks, UV Inks and Others.
By Technology: Continuous Inkjet Technology, Thermal Inkjet Technology, Piezo Inkjet Technology and Others.
By End-use: Packaging (Flexible, Rigid and Semi-rigid), Commercial Printing (Newspapers, Magazines, Catalogues, Posters, Leaflets and Others), Textile Printing, Ceramics, Glass and Others.
By Geography: North America (the U.S., Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

  • Water-based inks type held a significant share of the Highspeed Inkjet Inks Market in 2021, owing to its increasing demand and benefits such as lower toxicity and softer printing capability over other types of inkjet inks.
  • The packaging sector held a significant share of the Highspeed Inkjet Inks Market in 2021, owing to the increasing demand from the packaging sector across the world.
  • Asia-Pacific dominated the Highspeed Inkjet Inks Market in 2021, owing to the increasing demand for Highspeed Inkjet Inks from the packaging sector in the region. According to Interpack, Asia accounted for the highest world share of packaging sales in 2020, an increase of 7.4% in comparison to 2019.
  • A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Highspeed Inkjet Inks Market Report.

Figure: Highspeed Inkjet Inks Market Share, by Geography, 2021 (%)

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Highspeed Inkjet Inks Market Segment Analysis – by Type

Water-based inks held a significant share of over 20% of the Highspeed Inkjet Inks Market in 2021, owing to the range of characteristics and benefits they offer over other types of highspeed inkjet inks. Water-based inks offer excellent adhesion properties and good resistance to heat and abrasion in comparison to solvent-based and other types of highspeed inkjet inks. Moreover, it offers thinner and softer printing and it is environment-friendly, less toxic and flammable as compared to other types of highspeed inkjet inks. Hence, all of these properties of water-based inks are driving its demand over other types of highspeed inkjet inks, which in turn, is expected to boost the market growth during the forecast period.

Highspeed Inkjet Inks Market Segment Analysis – by End-use

The packaging sector held a significant share of over 25% of the Highspeed Inkjet Inks Market in 2021, owing to its increasing demand from the packaging sectors across the world. According to PMMI (the Association for Packaging and Processing), the North American beverage packaging industry is expected to increase by 4.5% from 2018 to 2028, with the United States leading the beverage packaging sector. Highspeed inkjet inks are primarily used in inkjet printers or high-resolution printers for direct printing of images, product descriptions, full-color printing and more in the packaging sector, owing to their versatility and high quality. Thus, such developments associated with the packaging sector are expected to increase the demand for highspeed inkjet inks, owing to their above-mentioned usage. This is expected to expand the Highspeed Inkjet Inks market size during the forecast period.

Highspeed Inkjet Inks Market Segment Analysis – by Geography

Asia-Pacific dominated the Highspeed Inkjet Inks Market with a share of around 35% in 2021. The consumption of highspeed inkjet inks is particularly high in this region due to its increasing demand from the packaging sector. According to the Packaging Industry Association of India, the Indian packaging industry was valued at around US$50.5 billion in 2019 and is expected to reach US$204.81 billion by the end of 2025. Moreover, according to Interpack, the consumption of food packaging in China is expected to reach 447,066 million by 2023. Hence, such surging growth of the packaging sector in the region is expected to increase the demand for highspeed inkjet inks for printing images, product descriptions, full-color printing and more in the packaging sector. This is expected to accelerate market growth during the forecast period.

Highspeed Inkjet Inks Market Drivers

Growth of the packaging sector:

Highspeed Inkjet Inks are primarily used in inkjet printers or high-resolution printers for direct printing of images, product descriptions, full-color printing and more in the packaging sector, due to their versatility and high quality. Recent insights from the Packaging Federation of the United Kingdom state that the U.K. packaging manufacturing industry was valued at US$15.2 billion in 2020. It was due to the increasing demand for packaging from multiple sectors of the region. Moreover, the packaging sector is considered to be one of the industries with a high growth rate in India and is rising at 22%-25% per year. Hence, such increasing growth in the global packaging sectors is expected to increase the demand for highspeed inkjet inks, owing to its above-mentioned properties. This is anticipated to drive the growth of the market in the upcoming years.

An increase in commercial printing:

Highspeed Inkjet Inks are commonly used in the production of coated paper that is mainly utilized in the commercial printing industry involving the production of magazines, newspapers, catalogs and more. According to the All India Federation of Master Printers (AIFMP), the commercial printing industry in India is expanding at a rate of around 10% every year. Moreover, according to GroupM, a leading media firm, the total investments in commercial printing including newspapers, magazines and more reached US$563.02 billion in 2019, an increase of 3.6% from US$543.71 billion in 2018. In this way, an increase in commercial printing activities is expected to increase the demand for highspeed inkjet inks, which would further drive the growth of the market in upcoming years.

Highspeed Inkjet Inks Market Challenge

Availability of substitutes:

Highspeed Inkjet Inks have several substitutes such as lithography inks, flexographic inks and more. These substitutes have similar physical properties, performance and other similar factors such as print quality, color display and more, which may restrict the market growth. For instance, flexographic inks are widely used as a substitute for highspeed inkjet inks in major end-users such as packaging, commercial printing and more, due to the advantages of lower maintenance cost and high versatility. Thus, the availability of such alternatives with similar properties may limit the growth of the Highspeed Inkjet Inks industry during the forecast period.

Highspeed Inkjet Inks Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Highspeed Inkjet Inks Market. The top companies in the Highspeed Inkjet Inks Market are:

  1. Aresun Chemicals
  2. INX International Ink Co.
  3. Kao Collins
  4. Sun Chemical
  5. DuPont
  6. Toyo Ink SC Holdings Co., Ltd.
  7. Edge Colours
  8. Mylan Group
  9. Marabu Printing Inks
  10. Splashjet Print Technologies

Recent Developments

  • In July 2022, Videojet launched its new continuous inkjet ink which is more sustainable and offers excellent condensation resistance. It is primarily designed as a safer alternative to solvent-based inks.
  • In April 2022, the Agfa-Gevaert Group announced the acquisition of Inca Digital Printers. The main motive of this acquisition was to strengthen its position in high-speed digital printing with a primary focus on the packaging printing sector.
  • In March 2022, Electronics For Imaging, Inc. launched its ultra-high-speed inkjet solution, specifically targeting the corrugated market. The new inkjet technology offers enhanced reliability, flexibility and productivity to the industrial packaging segment.

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1. Highspeed Inkjet Inks Market - Market Overview
    1.1 Definitions and Scope
2. Highspeed Inkjet Inks Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Technology
    2.3 Key Trends by End-use
    2.4 Key Trends by Geography
3. Highspeed Inkjet Inks Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Highspeed Inkjet Inks Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Highspeed Inkjet Inks Market – Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Highspeed Inkjet Inks Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Highspeed Inkjet Inks Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Highspeed Inkjet Inks Market – by Type (Market Size - US$ Million/Billion)
    8.1 Phase Change Inks
    8.2 Solvent-based Inks
    8.3 Water-based Inks
    8.4 UV Inks
    8.5 Others
9. Highspeed Inkjet Inks Market – by Technology (Market Size - US$ Million/Billion)
    9.1 Continuous Inkjet Technology
    9.2 Thermal Inkjet Technology
    9.3 Piezo Inkjet Technology
    9.4 Others
10. Highspeed Inkjet Inks Market – by End-use (Market Size - US$ Million/Billion)
    10.1 Packaging
        10.1.1 Flexible
        10.1.2 Rigid
        10.1.3 Semi-rigid
    10.2 Commercial Printing
        10.2.1 Newspapers
        10.2.2 Magazines
        10.2.3 Catalogues
        10.2.4 Posters
        10.2.5 Leaflets
        10.2.6 Others
    10.3 Textile Printing
    10.4 Ceramics
    10.5 Glass
    10.6 Others
11. Highspeed Inkjet Inks Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Denmark
        11.2.8 Belgium
        11.2.9 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 The Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 The Rest of Africa
12. Highspeed Inkjet Inks Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Highspeed Inkjet Inks Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Geography - Major companies
    13.4 Market Share at Country Level - Major companies
    13.5 Market Share by Key Type/Product category - Major companies
14. Highspeed Inkjet Inks Market – Key Company List by Country Premium Premium
15. Highspeed Inkjet Inks Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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