Printing presses, media, ink, which is the packaging and printing business needs for customers to print business must be the three major parts. If there is no three parts, whether it is to print a large point of the graphics, or small dot graphics, whether it is printed on wood, or printed on the textile, the so-called graphics printing is not there. The printing service you provide to the customer determines which type of press is required, which media is printed, and what kind of ink is needed.
The new trends and developments in the ink market are now aimed at achieving new applications and creating new markets. International Data Corp. (IDC), a market intelligence and consulting services provider for the global market for information technology, telecommunications and consumer technology,Eco Solvent Ink expects ink sales to grow from $ 1.33 billion in 2015 to $ 1.93 billion in 2020. Can you choose latex ink or eco-solvent when providing banner printing? What ink will you buy for your dye sublimation and packaging items? What kind of UV and water-based ink is best for your large format presses? The ink market continues to change and develop where is your foothold?
Latex VS ecological solvent
One of the most interesting areas of the large format printing ink market is the competition between eco-solvent inkjet ink and Latex inkjet ink. As the printing service provider (PSP) chooses the best printing technology for its existing applications and future business, the competition between the two technologies is taking place around the world. Since HP introduced the technology in 2008, Latex has had a lot of momentum, but the installation of eco-solvent-based digital press is still very large, but also for the graphic printing market to provide a reliable production capacity.
According to the practicality of the technology and the ability of each generation of eco-solvent-based equipment to improve the printing speed and image quality, IDC did not see the installation of eco-solvent inkjet printers. In fact, IDC believes that the promotion of a large number of eco-solvent applications such as banners, car stickers, decals, etc., will continue to drive eco-solvent production based on the value of outdoor advertising. In 2016, North America's large-scale printing of eco-solvent inkjet ink revenue is estimated to be close to 200 million US dollars, is expected to forecast the period (2016-2021) the proportion will fall within 1%.
On the other hand, Latex, in some cases, replaces ecological solvents and other production technologies, but also seeks new markets based on its achievable quality, substrate variability and eco-friendliness. Latex ink in the North American value of 150 million US dollars, IDC is expected from 2016 to 2021, its annual compound annual growth rate of 18%. From a revenue perspective, at least in North America, Latex ink is relatively unaffected by third-party ink suppliers, and in the field of eco-solvents, large companies are involved in third-party inks. By 2019, Latex ink is expected to earn more than the income of eco-solvent-based inkjet inks.
Dye sublimation and textile
From the ink point of view, another interesting market is dye sublimation and textile printing and dyeing industry. This is related to eco-solvent and latex markets, as many companies use their Latex printers to print soft labels, and many companies have modified their eco-solvent inkjet printers for dyeing sublimation. But most of them are low-end presses, which typically require a separate finishing system.
Dyestuffs are affected by the fast fashion of one of the major market trends. Large retail organizations with H & M, Zara, Solvent InkUniqlo and other fashion trends are driving the transformation of the textile and apparel supply chain, resulting in an increase in the number of digital textile printing. It is now exciting to be a new listing of digital inkjet printers designed for one-step dye sublimation printing. IDC expects these production systems to drive more dye sublimation inkjet printing over the next few years, while the large-scale dye sublimation inkjet ink market will double in the forecast period, from $ 190 million to more than 320 million in 2021 The dollar. In this growth, North America's high-speed digital textile printing machine is expected to grow at twice the rate of the dye secondary market. Similar to the eco-solvent sector, there are quite a number of third-party ink manufacturers in the dye sublimation business.
UV curing ink
The digital graphics market is changing and the ability to quickly switch orders is one of the biggest reasons why IDC expects UV-curable inkjet to play an important role in the future. In the large-format UV market, LED curing trend presents several key advantages. LED curing produces less heat, which means that more types of substrates can be printed, including thinner materials, which is a challenge for traditional mercury curing systems.
IDC expects LED curable inks to grow four times faster than conventional mercury-cured inks between 2016 and 2021. The use of thinner materials can save the cost of PSP, while providing lower cost for LED curing systems. The UV inkjet ink market is very interesting because more and more products are being developed to accommodate flexible media, such as Ken VanHorn, director of marketing and business development at Mimaki, which launched the LUS-350 at last year's SGIA show UV ink can be reduced by 350%. Similarly, EFI has invested in North America's large-format UV-curable inkjet ink market, which is expected to grow from $ 330 million in 2015 to $ 710 million in 2020. In 2017, one area that should be closely watched is Canon's published UVgel ink, an early introduction to this new technology that it will be a competitor to the HP latex series.
Although we expect UV-curable inkjet in the graphics market to continue to grow, but in recent years the market presented high-speed digital presses for the packaging field, in these types of digital printing using two types of ink: one is water, The other is based on water-based mixed inks, but also has a photoinitiator component similar to UV curable inkjet inks. As of last year's drupa, Durst, EFI, HP, etc. have launched a high-speed single-channel corrugated digital press for corrugated packaging, adding to manufacturers such as Bobst and Sun earlier into the market.
These high-speed corrugated digital presses are still in their early stages, but are expected to produce tens of thousands of square feet of products a day, creating another area for a wide range of digital prints. Several companies are working on low-migration UV-curable inkjet inks, but it is generally fair to say that the market is more inclined to use water-based inks for packaging, especially for the production of food-related packaging applications. IDC expects the ink in this type of equipment to grow substantially from 2016 to more than $ 15 million in 2020.
In the large format digital printing market, from the income point of view, a single largest ink part of the water-based ink market. The water-based ink used in HP DesignJet, Epson Stylus Pro and Canon imageProGraf presses is worth $ 675 million in 2015 and is expected to continue to grow at less than 1% per year. The growth driven by the emergence of HP's single-channel water-based digital presses (such as HP's PageWide XL series) is largely offset by a decline in low-end water-based digital presses and single-function CAD presses emerging from the market. These PageWide single-channel presses, which are used primarily in the CAD / technology market, offer the advantage of speed and operating costs over traditional toner-based printing. IDC predicts that from 2016 to 2021, single-channel water-based digital press ink revenue will grow at a compound annual growth rate of nearly 60%.
IDC pointed out that manufacturers have taken important measures to continue to develop better and more efficient new inks (covering more ink or less inks) to facilitate the printing of their printing presses, developed on a wider range of substrates Better performance of the ink, extended warranty and offers larger ink cartridges that help the PSP because they can run the printer for a long time without interruption. There are so many things happening in every part of the large-format digital printing ink market, where users and dealers are looking for operational and sales advantages to closely monitor these trends.
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