Wide format printing ink market is growing faster

The report published in April 2016 proves that the wide format printing inks market is growing faster from the wide format printing inks sales data. This is a positive effect on the global market for wide-format printing.

Ron, vice president of sales at Photizo Group, said, “Historically, wide-format printers have been slower to grow in the market from a hardware perspective, but it’s the inks themselves that are driving the growth in the market.”

Revenues for wide-format printing ink suppliers are expected to end 2020 at £1.85 billion, up from £1.7 billion in 2016. And the amount of ink being sent globally in 2020 will rise to 6 million liters from 4.8 million liters in 2015.

A survey of the percentage of ink sales in OEM ink and aftermarkets around the world found that established markets are more inclined to buy a higher percentage of OEM cartridges. iversen said: “Such a change depends on where in the world, if it’s a more developed country they tend to stay with the same ink as the OEM, while in less developed countries more concerned about price, they are more likely to use a higher percentage of aftermarket ink because it’s cheaper.”

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