Latex Ink Global Market Report 2024

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 expansion observed during the historical period can be attributed to several factors, including the implementation of environmental regulations, increasing demand for high-quality prints, the proliferation of digital printing technologies, growing demand for wide-format printing solutions, and the rise of digital printing practices.

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 projected growth in the forecast period can be attributed to various factors, including the ongoing digital transformation across industries, the continuous expansion of e-commerce platforms, the growth of the textile industry, the increasing demand for textile printing solutions, and the rising need for high-performance applications. Key trends expected during this period include advancements in inkjet technology, integration of augmented reality into printing processes, the development of smart packaging solutions, integration with Industry 4 initiatives, and the enhancement of durability in printed materials.

The growth of the latex ink market is expected to be propelled by the burgeoning packaging industry. This sector involves the creation, production, and distribution of packaging materials and products utilized for the containment, protection, and presentation of goods. Several factors contribute to the upward trajectory of the packaging industry, including consumer demand, the expansion of e-commerce, urbanization, shifting demographics, brand differentiation, and marketing strategies. Latex ink serves as a vital component within the packaging industry, catering to its diverse requirements while ensuring high-quality printing outcomes and adherence to regulatory standards. For instance, in 2022, the Flexible Packaging Association reported that sales within the US packaging industry reached $39 billion in 2021, a notable increase from $34.8 billion in 2020. Consequently, the burgeoning packaging industry serves as a catalyst for the growth of the latex ink market.

Leading players in the latex ink market are concentrating their efforts on the development of innovative technological solutions, exemplified by products such as the HP Latex 630 printer series. These advancements aim to deliver superior-quality, long-lasting prints to meet the escalating demand within the industry. A latex printer, utilizing latex-based ink formulations, facilitates printing on a diverse array of substrates, including paper, vinyl, and fabric. For instance, in September 2023, Hewlett-Packard Development Company LP unveiled the HP Latex 630 printer series, which extends its Latex range and introduces white ink technology to Print Service Providers (PSPs) of varying scales. This series empowers users to create impactful signage and décor projects, boasting vibrant colors and impeccable image quality, thus enhancing the allure of campaigns for end consumers. Furthermore, it offers features such as lower curing temperatures, expanded color space, anti-scratch cartridges, automatic maintenance, and user-replaceable printheads, presenting a cost-effective and efficient solution for businesses seeking to penetrate new markets and expand their clientele base.

In September 2023, Durst Group completed the acquisition of Aleph SrL for an undisclosed sum, signaling its commitment to fortifying its product portfolio and bolstering its presence in sustainable digital printing technologies, particularly in water-based solutions for textiles and interior and exterior decorations. Aleph SrL, an Italy-based manufacturer renowned for its advanced direct-to-fabric and direct-to-paper inkjet printers and inks, is set to complement Durst Group's offerings, further solidifying its position in the market.

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.

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.

The countries covered in the latex ink market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Latex ink is a water-based ink containing pigments commonly employed in inkjet printers, particularly for large-format printing applications such as signage, banners, and posters. It is esteemed for its ability to generate high-quality images, durability against scratches, and resistance to fading and weathering, making it suitable for both indoor and outdoor applications.

The primary types of latex ink include water-based latex ink and solvent-based latex ink. Water-based latex ink is utilized in digital printing processes, especially in wide-format printing for applications such as textiles, signage, and interior decoration. It can be applied to various substrates including paper, fabrics, vinyl, plastic, metal, among others. Technologies such as inkjet printing and screen printing are employed across various applications including printing, signage, decorative printing, labels, packaging, and more.

The latex ink market research report is one of a series of new reports that provides latex ink market statistics, including latex ink industry global market size, regional shares, competitors with a latex ink market share, detailed latex ink market segments, market trends and opportunities, and any further data you may need to thrive in the latex ink industry. This latex ink market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The latex ink market consists of sales of UV-curable latex ink, eco-solvent latex ink, thermal latex ink, dye-based latex ink, latex resin ink, and flexible latex ink. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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