Overview and Scope
Latex ink is a water-based ink that contains pigments commonly used in inkjet printers for large-format printing applications such as signage, banners, and posters. It is renowned for its ability to produce top-notch images, resilience against scratches, and capacity to resist fading and weathering, rendering it ideal for indoor and outdoor uses.
Sizing and Forecast
The latex ink market size has grown steadily in recent years. It will grow from $18.63 billion in 2023 to $19.54 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to environmental regulations, demand for high-quality prints, expansion of digital printing, demand for wide-format printing, rise of digital printing.
The latex ink market size is expected to see strong growth in the next few years. It will grow to $24.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to digital transformation, e-commerce growth, expansion of the textile industry, rise of textile printing, demand for high-performance applications. Major trends in the forecast period include inkjet technology advancements, augmented reality integration, smart packaging solutions, integration with industry 4.0, enhanced durability.
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]The latex ink market covered in this report is segmented –
1) By Ink Type: Water-Based Latex Ink, Solvent-Based Latex Ink
2) By Substrate Type: Paper, Fabrics, Vinyl, Plastic, Metal, Other Substrate Types
3) By Print Technology: Inkjet Printing, Screen Printing
4) By Application: Printing , Signage, Decorative Printing, Labels and Packaging, Other Applications
North America was the largest region in the latex ink market in 2023. The regions covered in the latex ink market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising packaging industry is expected to propel the growth of the latex ink market going forward. The packaging industry encompasses designing, producing, and distributing packaging materials and products used for containing, protecting, and presenting goods. The packaging industry is rising due to consumer demand, e-commerce growth, urbanization, changing demographics, brand differentiation, and marketing. Latex ink is used in the packaging industry to meet the diverse needs of the industry while maintaining high-quality printing results and regulatory compliance. For instance, in 2022, according to a report published by the Flexible Packaging Association, a US-based flexible packaging firm, US packaging industry sales were $39 billion in 2021, up from $34.8 billion in 2020. Therefore, the rising packaging industry is driving the growth of the latex ink market.
Key Industry Players
Major companies operating in the latex ink market are Hewlett-Packard Development Company LP, Canon Inc, Fujifilm Holdings Corporation, Ricoh, DuPont de Nemours Inc, Seiko Epson Corporation, Dover Corporation, Xerox Corporation, Sun Chemical Corporation, Agfa-Gevaert N.V., Sensient Technologies Corporation, INX International Ink Co, Mimaki Engineering Co Ltd, Roland DG Corporation, Nazdar Company, Kornit Digital Ltd, Electronics For Imaging Inc, Durst Group, SAATI S.p.A., M&R Companies, Mutoh Industries Ltd, Marabu GmbH & Co. KG, Caldera Graphics, Sawgrass Technologies Inc, Bordeaux Digital PrintInk Ltd, Colorjet Group, Inktec Co Ltd
The latex ink market report table of contents includes:
1. Executive Summary
2. Latex Ink Characteristics
3. Latex Ink Trends And Strategies
4. Latex Ink – Macro Economic Scenario
5. Global Latex Ink Size and Growth
…..
32. Global Latex Ink Competitive Benchmarking
33. Global Latex Ink Competitive Dashboard
34. Key Mergers And Acquisitions In The Latex Ink
35. Latex Ink Future Outlook and Potential Analysis
36. Appendix
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