A recently published report by research firm Lyra Research Inc., predicts that revenue from eco-solvent inks will peak by next year.
The study, Worldwide Forecast for the Wide-Format Solvent Market, 2006-2013, discusses shipments and revenue for solvent hardware, ink, and media. The report reveals that eco-solvent ink revenue declined from 2008 to 2009 and will recover through 2011, peaking at $327 million. During this period, growth in the installed base is expected to slow. More importantly, ink pricing will continue to decline even when sustained economic growth returns.
The proliferation of inexpensive third-party inks will contribute significantly to the decline in total solvent ink revenue. It will also contribute to the decline of OEM share in this market. It is important to note that the decrease in revenue will occur more rapidly than the decrease in the solvent hardware installed base. Overall, worldwide solvent ink revenue will decline at a CAGR of -3 percent between 2008 and 2013. For more information, visit www.lyra.com.