An Incisive, In-depth Analysis on the Continuous Inkjet Ink Market
This study offers a comprehensive, 360 degree analysis on the Continuous Inkjet Ink market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Continuous Inkjet Ink market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Continuous Inkjet Inks Outlook & Key Findings
- Continuous inkjet inks market is projected to reach over US$ 488.6 Mn by 2030, with water-based inks at the growth forefront.
- Food and pharmaceutical industries to witness threefold growth in demand as consumers seek informative labelling
- Continuous inkjet inks market is projected to expand at CAGR of 4.7% during the forecast period (2020-2030)
- East Asia and Europe together are to dominate with market value share of 47.1% in the global continuous inkjet inks market.
- Print quality, consistency, and wide applicability win continuous inkjet inks vendors score of opportunities
Continuous Inkjet Inks Fits in Organizational Objective to Achieve Economies of Scale
Comparatively lower cost of continuous inkjet inks has made it a preferred choice across industries for packaging and labelling. The cost-saving advantage of these inks have made it popular for large prints and bulk printing. In recent years, high demand for attractive packaging has especially won the market a steady business.
Food and beverages and pharmaceutical industry has been at the fueling the demand for continuous inkjet inks as they are specifically manufactured for this purpose. Collectively, these segments will generate 80% of the business for continuous inkjet inks during the forecast period.
The inkjet printers have higher reliability as each of the nozzles are electronically controlled. A maximum of up to 2,000 ft per minute line speed is achievable, which makes the product line move much faster.
The continuous inkjet system uses a less ink and wide range of inks for just about every type of material, which makes it an apt choice.
Environment-friendly Labels Anticipated to Augment the Growth of Continuous Inkjet Inks
Labels have established their importance in expansion and growth of the brand. This has promoted continuous inkjet ink manufactures to market their inks to suit the needs of their end users. In 2018, Needham Ink announced new halal marking inks, which suggested that now the company is ready to strengthen its market in Islamic countries like GCC countries and other Asian Islamic countries.
Moreover, in March 2020, Squid Inks introduced range of mineral oil-free inks that emit less odour and provide assurance of no damage to inkjet printers. The no mineral label may help the company to meet standards of some new markets, opening avenues for entry into new markets.
UV Curable Inks Preferred by Manufacturers to Enhance Print Quality
Ink manufacturers have focused on production UV curable inks for inkjet printers to prevent any damage to print quality due to exposure to UV rays. The lack of solvent fumes or volatile organic compounds (VOC) has especially worked in favour of this segment, pushing the segment to sustain a CAGR of 4% between 2020 and 2030.
UV curable inks also offer adhesion to a very wide range of non-absorbent and absorbent substrates. They are preferred across verticals owing to the quick drying feature, long print life, and is environment-friendly nature. Shift of industries and consumers towards eco-friendly materials has garnered UV curable inks an interested clientele, booting its sales.
In July 2018, Inkjet Inc., launched a new category of UV invisible continuous inkjet printer that has a specific invisible ink, which can be cured much quicker. Such innovations are perfect for OEM graphics that can be inked without hampering products to avoid counterfeiting.
COVID-19 Pushes Continuous Inkjet Inks Manufacturers to Improve Print Quality for Better Traceability
COVID-19 has disrupted in the supply chain of all business all across the world, impacting the packaging industry as well. Discontinuation of production in multiple regions such as the United States, which accounts for a significant consumption of continuous inkjet inks, has affected the market severely.
Problems such as shortage of raw materials and hurdles in sourcing substrates for packaging such as paper, paperboard, plastic sheets, metal and glass are further crippling the business for continuous inkjet inks. Amidst the pandemic, concerns regarding the availability of constituents of inks and solvents have been growing.
For instance, printing companies in Europe indirectly rely on China for supply of input materials for printing and chemicals used in inks. This s likely to slow down the growth of continuous inkjet inks market.
However, the market is likely to recover steadily as nations lift lockdowns as the demand for food and pharmaceuticals will continue to spike. This in turn will demand improved packaging and labelling to ensure traceability of products in supply and logistics.
Prioritizing the need to secure business continuity for businesses associated with consumer goods that are important than ever, which is expected to improve the print quality in coming months.
Makeup Fluids to Increase Maintenance Costs Tugging Market in Opposite Direction
The consumption of ink in continuous inkjet printers is very high as compared to the laser printers. The print head of the continuous inkjet printers can suffer clogging if it is not used for a long time. Thus, make up fluid is used to enable smooth functioning of continuous inkjet printers and avoid clogging. This results in additional cost for the manufacturers leading to margin shrinkage.
The continuous inkjet inks can dry in the continuous printers if not used for long duration. Once the ink dries it cannot be repaired manually, and maintenance of the printer is required. The high maintenance cost associated with the continuous inkjet printer and frequent use of additives to make the solvent thin can result in high cost of operation for the continuous inkjet printers.
This might lead to manufacturers shifting their focus to other options available such as laser printers. Thus, reducing the demand for continuous inkjet inks.
North America is anticipated to have significant market share 21.4% due to its matured markets and is likely to be in the maturity phase of the PLC cycle. On the other hand, Latin America, which holds a market share of 9.9% will move from growth to maturity phase.
Future Market Insights analysts indicate that Europe has the largest market share 23.8 and thus has a matured market with stagnant demand. South Asia is likely to have a high growth rate as the market has lucrative opportunity to grow with growing e-commerce businesses.
East Asia is one of the growing markets due to availability of raw materials, growing production and packaging industries. Oceania has less market share 3.2% owing to limited presence of the manufacturers in the region. Middle East & Africa has a low market share 4.5% but is likely to grow in the forecasted period owing to the growth in industries in the years to come.
Continuous Injket Inks Brands in US and Europe Eyeing Local Partnership Amidst Disrupted Raw Material Sourcing Channels
North America is severely affected with COVID 19, which has drastically hampering the consumption of continuous inkjet ink. Dependency for chemicals and solvents from countries in the East Asia such as China is anticipated to slow down the growth rate for continuous inkjet inks in the region.
East Asia and South Asia are expected to return to supply chain normalcy due to availability and production of raw materials in the region. On the other hand, Europe is the second-most affected region by coronavirus outbreak and the second-largest consumer of continuous inkjet ink. Italy, Spain, France, Germany and United Kingdom being the most effected countries are set to experience sluggish growth till situation gets in control.
Despite setback, Europe will show resilience as innovation and new designs in print packaging are anticipated to result in fast recovery of the continuous inkjet inks market.
A Fragmented Market by Characteristic
The continuous inkjet inks market is a fragmented in nature with the top three players accounting for 20-25% of the global production. The key players operating in the market are focusing on expanding their reach globally, diversifying their product portfolio, innovation and extension in distribution channels.
Some of the key players in the Continuous Inkjet Inks market are-
- Sun Chemicals
- Eastman Kodak Company
- Needham Inks Ltd
- Squid Inks
- Kao Collins Corporation
- Aztec Fluids And Machinery Private Limited
- Tritron GmbH.
- Linx Printing Technologies
- Videojet Technologies, Inc.
- International Imaging Materials, Inc.
- International Imaging Materials, Inc.
- Coding And Marketing Service
- INKJET, INC.
- PrintJet USA.
- Palco Industrial Marking & Labeling, Inc.
- Jet Inks Private Limited
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Continuous Inkjet Inks: The Future Ahead
The growth trend of the continuous inkjet inks market is likely to be upward. Though Y-o-Y growth is steady, market is projected to record 4.4% growth from 2022. Industries such as food and beverages, pharmaceuticals, electronics and others rely on continuous inkjet printers to create required codes with high durability for reliable packaging.
Globalization has led the organizations to operate and function in complex supply chains where misleading or wrong information can have adverse effects. Thus, the need to print accurate information at a high speed to prevent downtime is likely to augment the market.
However, printing and code requirements are changing. Traceability and brand protection for anti-counterfeit purposes are anticipated to be in focus, brining great emphasis on the quality and durability of the print on the packages. Furthermore, QR codes are likely to drive marketing campaigns specific web pages, which makes precision printing important. Flexible packaging, plastic mouldings, and plastic bottles and containers will offer incredible opportunity for growth to the market in the coming decade.
A recent market report published by FMI on the Continuous Inkjet Inks Market provides global industry analysis for 2015-2019 & forecast for 2020-2030. The report offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the Continuous Inkjet Inks Market, the growth prospects of the market are obtained with maximum precision.
The global Continuous Inkjet Inks Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Ink Type
Chapter 01 – Executive Summary
The report begins with the executive summary of the continuous inkjet inks market, which includes a summary of the key findings and statistics of the market. It also includes dominant segments in the global Continuous Inkjet Inks Market, along with key facts about continuous inkjet inks. It also includes graphical representation of the segments according to market size and growth rate.
Chapter 02 – Market Overview
Readers can find detailed taxonomy and definition of the continuous inkjet inks market in this chapter, which will help them understand the basic information about continuous inkjet inks present in the market. This section also highlights the inclusions and exclusions, which help readers to understand the scope of the Continuous Inkjet Inks Market report.
Chapter 03 – Global Continuous Inkjet Inks Market Demand Analysis 2015-2019 and Forecast, 2020-2030
This section explains the global market volume analysis and forecast for the Continuous Inkjet Inks Market between the forecast period of 2020-2030. It includes the detailed analysis of the historical Continuous Inkjet Inks Market, along with an opportunity analysis for the future. Readers can also find the Y-o-Y growth opportunity for the forecast period (2019 – 2029).
Chapter 04 – Global Continuous Inkjet Inks Market - Pricing Analysis
This section highlights the average pricing analysis of various ink types (water-based inks, dye-based, pigment based, solvent based inks, UV curable inks and phase change ink) of continuous inkjet inks in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.
Chapter 05 – Market Background
This chapter explains the key forecast factors that are expected to influence the growth of continuous inkjet inks market over the forecast period. This chapter also highlights the key market dynamics of the Continuous Inkjet Inks Market, which include the drivers, restraints, opportunities, and trends. This section also includes value chain analysis.
Chapter 06 – Global Continuous Inkjet Inks Market Analysis by Substrate
Based on substrate, the continuous inkjet inks market is segmented into paper, plastic sheet, glass, metal and others. In this chapter, readers can find information about key attractive segments during the forecast period.
Chapter 07 – Global Continuous Inkjet Inks Market Analysis by Ink Type
Based on ink type, the continuous inkjet inks market is segmented as water-based inks, solvent based inks, UV curable inks and phase change ink. In this chapter, readers can find information about key segments during the forecast period.
Chapter 08 – Global Continuous Inkjet Inks Market Analysis by End Use
Based on end-use, the Continuous Inkjet Inks Market is segmented on the basis of food, beverage, pharmaceutical, electronics & electronical and others. In this chapter, readers can find information about key segments during the forecast period.
Chapter 09 – Global Continuous Inkjet Inks Market Analysis by Region
This chapter explains how the continuous inkjet inks market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
Chapter 10 – North America Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
This chapter includes a detailed analysis of growth of the North America continuous inkjet inks market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of continuous inkjet inks.
Chapter 11 – Latin America Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Continuous Inkjet Inks Market. This chapter also includes the growth prospects of the Continuous Inkjet Inks Market in leading countries in Latin America such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Chapter 12 – Europe Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
Important growth prospects of the continuous inkjet inks market based on the substrate, ink type and end-use in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, Nordic countries, and the Rest of Europe, are included in this chapter.
Chapter 13 – South Asia Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia continuous inkjet inks market in this chapter. Readers can find detailed information about the growth parameters of the South Asia continuous inkjet inks market during the forecast period of 2020-2030.
Chapter 14 – East Asia Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
This chapter highlights the growth of the continuous inkjet inks market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the Continuous Inkjet Inks Market in East Asia.
Chapter 15 – Oceania Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania continuous inkjet inks market.
Chapter 16 – Middle East and Africa Continuous Inkjet Inks Market Analysis 2015-2019 and Forecast 2020-2030
This chapter provides information about how the continuous inkjet inks market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the Rest of MEA during the forecast period 2020 - 2030.
Chapter 17 – Country-wise Analysis 2020 and Forecast 2030
This chapter provides information about how the continuous inkjet inks market will grow in emerging countries such as India and China during the forecast period 2020 - 2030.
Chapter 18 – Market Structure Analysis
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the Continuous Inkjet Inks Market along with their market presence analysis by region and product portfolio.
Chapter 19 – Competition Analysis
In this chapter, readers will find a comprehensive list of all leading manufacturers in the continuous inkjet inks market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Linx Printing Technologies, Eastman Kodak Company, Sun Chemical, Videojet Technologies, Inc., Needham Inks Ltd, Squid Inks, Kao Collins Corporation, Aztec Fluids And Machinery Private Limited, Tritron GmbH., International Imaging Materials, Inc., Coding And Marketing Service (CMS ink), INKJET, INC., PrintJet USA., Palco Industrial Marking & Labeling, Inc. and Jet Inks Private Limited.
Chapter 20 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the continuous inkjet inks report.
Chapter 21 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the Continuous Inkjet Inks Market.
Sources and Primary Research Splits (%)
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information: