Digital Ink Market Evaluation of Industry Trends, Growth Drivers and Forecast To 2026
Digital Ink Market Evaluation
The growth of the global digital ink market is primarily fueled by increasing demand for 3D printing technologies and the rapid evolution of printing methods.
WILMINGTON, DELAWARE, UNITED STATES, May 6, 2024 /EINPresswire.com/ -- The global digital ink market, valued at $2.6 billion in 2018, is projected to reach $4.3 billion by 2026, with a compound annual growth rate (CAGR) of 6.1% from 2019 to 2026, according to a report by Allied Market Research. The report offers comprehensive insights into market size, top investment opportunities, winning strategies, drivers, opportunities, competitive landscape, and evolving trends.
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The growth of the global digital ink market is primarily fueled by increasing demand for 3D printing technologies and the rapid evolution of printing methods. However, the market faces challenges due to high initial costs. Nonetheless, technological advancements are anticipated to create lucrative opportunities in the foreseeable future.
By type, the digital textile ink segment is poised to lead, accounting for about one-fourth of total market revenue in 2018 and projected to maintain dominance through 2026, with the fastest CAGR of 9.0%.
In terms of technology type, the ink-jet segment held the largest market share in 2018, contributing to nearly three-fifths of the total market, and is expected to continue its dominance. Meanwhile, the electrography segment is forecasted to witness the fastest CAGR of 6.4% by 2026.
Geographically, Europe emerged as the major revenue contributor in 2018, capturing half of the total market share. However, the Asia-Pacific region is anticipated to experience the fastest CAGR of 6.6% by 2026. The report also evaluates North America and LAMEA regions.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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