The global Latex Ink Market Growth Accelerated by Widening Applications

 

Latex ink is a dispersion of pigment particles in water, giving it high quality print output and versatility across different surfaces. Latex ink printers provide photo-realistic images at a very high resolution and speed. They are widely used for applications such as signage, advertising banners, indoor wallpapers and soft signage.

The global Latex Ink Market is estimated to be valued at US$ 23.89 Bn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The widening applications of latex ink is one of the key trends fueling the market growth. Latex ink printers have found increasing usage beyond graphics arts applications into new areas like apparels and fabrics printing. The vibrant and sharp prints delivered by latex inks make them suitable for direct-to-fabric printing. Several latex ink manufacturers have launched high-quality inks compatible with various fabric materials like cotton, polyester and nylon. The diversification into new segments like wearable fabrics is expected to drive significant gains in the latex ink market over the forecast period.

Segment Analysis
The global latex ink market is dominated by the gravure sub segment. Gravure printing accounts for a majority share of over 55% due to its wide applications in the packaging industry for printing labels, cartons, and flexible foil substrates. Gravure printing is ideal for high quality printing at mass production levels and is well suited for bulk volumes with fast turnarounds.

Key Takeaways
The global latex ink market is expected to witness high growth over the forecast period of 2023-2030. The global Latex Ink Market is estimated to be valued at US$ 23.89 Bn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023-2030.

Regional analysis
The APAC latex ink market accounts for over 40% share currently led by China, India and Southeast Asia. Rapid industrialization, rising urbanization and growing middle class population are driving the demand for numerous end use applications such as corrugated boxes, promotional displays, billboards and textiles in the region. China contributes to nearly 30% of production owing to presence of a mature packaging industry as well as textile hubs. The region is expected to emerge as the largest market over the next decade supported by rising domestic consumption levels.

Key players
Key players operating in the latex ink market are HP Inc. (United States), Epson Corporation (Japan), Canon Inc. (Japan), Roland DG Corporation (Japan), Mimaki Engineering Co., Ltd. (Japan), Seiko Epson Corporation (Japan), DuPont de Nemours, Inc. (United States), Agfa-Gevaert N.V. (Belgium), Fujifilm Holdings Corporation (Japan), Sun Chemical Corporation (United States). HP Inc. currently holds the leading share in the digital printing market and offers a wide range of latex inks for various applications including signage, commercial and apparels. Epson Corporation also offers a diversified portfolio of latex inks catering to industry requirements.

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