The global Dye Printer Ink Market is expected to register a steady revenue CAGR during the forecast period. Major factors such as rising demand from the digital printing industry and from the packaging and labels sector are expected to drive market revenue growth during the forecast period. On the other hand, decline in the conventional commercial printing industry and stringent disposal regulations are expected to hamper revenue growth of the market. Rising cost of conventional types is also expected to hamper revenue growth of the market.
An ink cartridge, also known as an inkjet cartridge, is a component of an inkjet printer that holds the ink deposited onto paper during printing. Each one has one or more reservoirs; some manufacturers also include electronic contacts and a chip that communicates with the printer. There are four colors available: cyan, magenta, yellow, and black. These colors are blended to produce different colors. Its sensors indicate whether or not there is enough ink. Several manufacturing plants were closed, and demand for packaging has decreased due to negative impact of COVID-19 in 2020. As a result, consumption in this sector was negatively impacted. However, the food and beverage industry has begun to recover and has had a positive impact. In 2021, the industry was recovering, and manufacturers had overcome various challenges posed by the pandemic.
Top Companies Operating in the Global Dye Printer Ink Market:
- Flint Group (Luxembourg)
- Sun Chemical Corporation (U.S.)
- Altana AG (Germany)
- Siegwerk Druckfarben AG Co. KGaA (Germany)
- Sakata INX Corporation (Japan)
- Wikoff Color Corporation (U.S.)
- TK TOKA Corporation (Japan)
- Toyo Ink Group (Japan)
- Xiamen Zhonghong (China)
- Shenzhen Baiduxi (China)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Label production and electrophotography are two areas where digital printing is rapidly expanding. The packaging industry is expected to undergo a significant revolution over the next decade due to their increase in use. It has become very popular among various brand owners due to its quick turnaround capability. Digital printing is widely used for printing large formats on a variety of substrates due to the benefits of the inkjet process, such as its non-contact and low cost. It can be more easily integrated into existing conversion lines than toner systems. The flexible packaging industry is a major driver of flexographic type. The COVID-19 pandemic has increased demand for hygienic safe packaging, resulting in its rise. As a result, such rise in demand is expected to drive revenue growth of the market over the forecast period.
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Dye Printer Ink Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Dye Type
- Pigment Type
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Commercial Printing
- Government Agency
Key point summary of the report:
The report offers a comprehensive overview of the Dye Printer Ink Market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate Dye Printer Ink Market forecast for the coming years.
The study categorizes the Dye Printer Ink Market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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