UNITED STATES DIGITAL INK MARKET FORECAST 2021-2025

December 2020
103 pages
ID: 5999242
Format: PDF
Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The United States digital ink market growth is projected to evolve at a CAGR of 5.68% in terms of volume and 6.91% in terms of revenue during the forecast period, 2021-2025. The technologically advanced promotions & advertisement, industrial printing, and the book industry, are set to drive the US market growth.

MARKET INSIGHTS
Despite the book industry facing challenges from the increased popularity of digital media, books continue to remain an integral part of the daily lives of consumers.The print book sales have shown steady progress in the last five years, amounting to almost 650 million per year.

The print format is also the popular book format among US consumers.The book industry is dependent on consumer spending.

The average spending in 2019 was over 90 dollars.It marked the first year since 2010 to record spending below 100 dollars.

Reading is a treasured pleasure for US book lovers. However, the Coronavirus is set to impact the spending even further, since the consumers will most likely prioritize other purchases. However, the book market is expected to bounce back, given its ability to adapt and resilience.

COMPETITIVE INSIGHTS
Some of the key players in the market include, Nazdar Ink Technologies, Wikoff Color Corporation, Agfa-Gevaert NV (AGFA), Dover Corporation, Redgaint Inc (InkranG), etc.

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Companies mentioned
1. DOVER CORPORATION
2. NAZDAR INK TECHNOLOGIES
3. WIKOFF COLOR CORPORATION
4. AGFA-GEVAERT NV (AGFA)
5. REDGAINT INC (INKRANG)

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