The global continuous inkjet inks market, valued at US$ 337.6 million in 2022, is projected to surge to US$ 488.6 million by 2030, registering a robust Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2030.
Key Market Drivers:
- Rising Demand in Packaging Industry: The growing demand for continuous inkjet printers across the packaging industry has prompted key market players to develop compatible inks tailored to the latest printing technologies developed by globally renowned printer brands.
- High-Speed Applications: Continuous inkjet inks are well-suited for high-speed applications, making them ideal for printing dates or codes on bottling lines, where a large number of inks are required, thus fueling market demand.
- Cost-Effectiveness: Continuous inkjet inks remain the preferred choice for many industries due to their cost-effectiveness. They offer a larger print size with the present volume of ink, enabling businesses to achieve economies of scale during their printing operations.
- Versatility and Efficiency: Continuous inkjet printers use lesser ink and have the ability to use a wide range of inks depending on the substance to be printed upon, contributing to their versatility and efficiency.
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UV Curable Inks: A Growing Trend
A notable trend in the global continuous inkjet inks market is the increasing adoption of UV curable inks. Companies are actively producing UV-curable inks for inkjet printers to ensure that exposure to UV rays does not compromise print quality. UV curable inks offer enhanced durability to inkjet printers, providing industries with adhesion to a wide range of substrates, both absorbent and non-absorbent.
Benefits of UV Curable Inks
UV-cured inks are favored in industrial settings due to their rapid drying properties, extended print life, and environmental friendliness. These attributes contribute to heightened productivity in packaging processes, making UV-curable inks a preferred choice across various industries.
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.
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Market Outlook and Future Prospects
As the demand for continuous inkjet inks continues to rise, propelled by advancements in printing technology and increasing requirements for efficient packaging solutions, the market is poised for significant expansion in the coming years. Industry stakeholders are focusing on innovation and product development to cater to evolving customer needs and emerging market trends.
Industry Trends in the 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)
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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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