Digital Printing Market
The printing sector has come a long way since the invention of the printing press in the 15th century. . The emergence of digital printing is one such example. It involves the direct printing of a digital image or other file versions onto a media substrate without any need for traditional plates. Instead, digital printing is powered by computer software that issues commands to a printer to emboss the image on the substrate.
inkjet, laser, solid ink, and dry sublimation have emerged. The primary reason behind the growing adoption of this advanced printing mechanism is the ability to reduce wastage and enhance productivity in the long run. As a result of these benefits, digital printing is used in various sectors including textile manufacturing, consumer goods, food & beverage packaging, etc. Moreover, the rising applicability of this technology in the electronics manufacturing industry has created numerous opportunities in the landscape.
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Integration of automation and sustainability accelerating the growth rate of the sector
In the past few decades, there has been a rise in awareness regarding environmental sustainability and eco-friendly goods. As a result, companies are now gradually shifting toward the use of eco-friendly inks, thus reducing the carbon footprint of the sector. At the same time, consumers are opting for products that have water-based and LED-curable inks. These solutions are free from volatile organic compounds and other harmful chemicals which have adverse effects on health and the environment in general.
Along with this, the integration of automation in digital printing technologies has also created new investment opportunities in the industry. The emergence of AI and machine learning has enabled companies to improve their operational workflow and monitor printing processes in real time. The use of these technologies has assisted companies in automating repetitive tasks, thus freeing up labor for more creative and productive tasks. Moreover, automation technologies also minimize human-induced errors and improve the overall accuracy and precision of printing processes.
Moreover, the adoption of nanotechnology to improve the quality of printed products is one of the latest trends in the industry. Nanomaterials are used to manufacture inks that have better color saturation, durability, and visual appeal. Similarly, nano-conductive inks developed from silver and copper are widely used in the consumer electronics industry during the production of displays, semiconductor substrates, batteries, etc.
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Sustainable and high-quality digital inks create new investment opportunities
Recently, Allied Market Research published a report on the digital printing market which highlights that the industry is expected to gather a revenue of $35.71 billion by 2028. The launch of innovative products by major businesses in the sector has contributed to the expansion of the landscape.
In May 2024, Mimaki Engineering Co. Ltd., a leading manufacturer of inkjet and 3D printers, announced the launch of its eco-friendly carton ink cartridges. These cartridges were initially released in Japan and now have been made available in markets across the globe. Arjen Evertse, General Manager of the Sales division, commented that the product launch is in line with the company’s commitment to developing sustainable printing solutions. The shift from plastic to paper has helped the company bring down its plastic consumption by around 68%, thus decarbonizing its operations.
Similarly, in May 2024, DuPont, a major chemicals company, unveiled its Artistri® PN1000 Series for commercial printing and P1600 series of sustainable inks for packaging printing. The product launch is anticipated to increase the footprint of the company around the world in the coming period.
Summing up, the digital printing industry is expected to witness huge growth due to the increased integration of automation and nanotechnology. The transition toward sustainability and the launch of innovative products by multinational companies is anticipated to open new avenues for growth in the sector.
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