Sign & Digital Graphics

April '19

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S I G N & D I G I T A L G R A P H I C S • April 2019 • 9 Get the latest industry news from Tony Kindelspire five days a week by signing up for our eNewsletter at sdgmag. com. Look for the red "Get the eNewsletter" button on the home page. Have industry news to submit? Contact Tony at tkindelspire@ nbm.com. Monthly News Roundup B Y T O N Y K I N D E L S P I R E A P R I L 2 0 1 9 Avery Dennison Named to Barron's 100 Most Sustainable Companies List Mentor, Ohio-based graphics films manufacturer Avery Dennison is recognized on financial publication Barron's 100 Most Sustainable Companies List for 2019. The newspaper assesses the 1,000 largest publicly held U.S. companies and judges them on 300 sus- tainability performance indicators. These include business ethics and product safety, greenhouse gas emissions, human rights, workplace diversity, labor relations and corporate governance. "We are honored to be recognized by Barron's for the second year," says Georges Gravanis, president of Avery Dennison's Label and Graphic Materials division. "Sustainability is at the center of everything we do, and our employees are addressing the challenge from every angle. This honor is a testament to their pas- sion and commitment." Barron's developed the list last year in collaboration with Calvert Research and Management. "We continue to make solid progress toward our 2025 sustainability goals, with increased urgency to address plastic recyclability and industry waste, while staying very close to our industry partners and our communities," says Gravanis. Report: Digital Inks Market Worth $4 Billion-Plus by 2023 Research firm MarketsandMarkets, which produces market research studies that regularly cover a wide variety of global industries, releases a report on the outlook for digital inks in the next four years. The report projects the digital inks market globally will be worth $4.17 billion by 2023, up from $2.71 billion in 2018. The report predicts compound annual growth of 9.1 percent through 2023, driven primarily by the increasing demand for digitally printed soft signage. The report also cites the extensive use of digital inks in ceramics printing, and it says that packaging is the fastest-growing segment of the digital inks market because of the high demand for label printing. When it comes to types of ink, solvent-based accounted for the largest share of the digital inks market in 2018. The report says that solvent-based digital inks are the most cost-effective digital inks and are widely used in advertising and promotion, ceramics tiles printing, and packaging applications. Based on substrate, the plastics segment is estimated to account for the largest share of the digital inks market in 2018. Digitally printed plastics can be used on point-of-purchase displays, labels, name- plates, light box displays, industrial graphics, exhibition graphics, promotional graphics and membrane switches. Based on application, the advertising and promotion segment is estimated to be the largest applica- tion segment of the digital inks market in 2018. This large share can be attrib- uted to the rising demand for digital inks in point-of-sale displays, point-of- purchase displays and other digital soft signage printing in the retail end-use market. The digital inks market in Asia Pacific, including China, is expected to wit- ness the highest growth during the forecast period. Kornit Finalizes Direct-to-Customer Transition in North America Israel-based textile printer manufacturer Kornit Digital announces it has finalized a push toward a direct- to-customer model for North American customers. The company now serves all customers and prospects directly in the region. The company says the move "strengthens the customer relationship and Kornit's ability to provide superior customer experience." Kornit has made multiple investments in personnel and resources throughout its North American operations, including a new headquarters and Digital Center of Excellence in Englewood, New Jersey, in close proximity to New York City. With the new facility, the company provides customers and prospects product advance- ments, demonstrations, product training and business growth seminars from experts in the digital textile printing industry.

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