Industrial Inkjet Printers Market Size & Share Worth USD 13.2 billion by 2031, Rising at a CAGR of 4.3%
Industrial Inkjet Printers Market Size & Share Worth USD 13.2 billion by 2031, Rising at a CAGR of 4.3% – Says Transparency Market Research
Wilmington, Delaware (United States), Sept. 5, 2023.
Transparency Market Research Inc.
Global industrial inkjet market to grow
At a CAGR
4.3
%
from 2022 until 2031. According to a report by TMR published in 2016, a market valuation of US$ 13,2 billion was predicted for 2031. The market for industrial printers is expected to reach US$ 9.4 Billion by 2023.
Increasing application of industrial inkjet printers in various end –use industries such as pharmaceuticals, food and beverage, chemical and personal care & cosmetics. The demand for industrial inkjet printers’ increases owing to its cost-effectiveness for product labelling, marking, and coding.
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Competitive Landscape
The global inkjet market is consolidating, with a few large vendors controlling the majority. Transparency Market Research’s report on the global industrial inkjet printer market profiles the following key players:
- ANSER CODING INTERNATIONAL INC.
- Engineered Printing Solutions
- Hitachi Industrial Equipment & Solutions America, LLC
- InkJet, Inc.
- ITW Diagraph
- KEYENCE COMPANY
- KGK Jet India Private Limited
- Konica Minolta, Inc.
- Markem Imaje, Dover Company
- Squid Ink
- Videojet Technologies, Inc.
- Weber Packaging Solutions
The Industrial Inkjet Printers Market: Key Trends
- InkJet, Inc. introduced the Anser A1 is the first all-in-one thermal inkjet printer with the capability of a 2″ print while being able to adjust DPI by object within the message for ultimate control of cartridge consumption
- Nilkamal’s new continuous inkjet F560 Plus printer is equipped with a number of desirable features. These include a simple, unipart ink-system designed using 3D technologies and no lockout hours which ensures optimum durability. The printer’s structure is robust yet modular, ensuring ease of operation. The filter is easy to replace and can last up to 2 years.
Labeling and traceability regulations are becoming more stringent in many industries. The demand for industrial inkjet printers is driven by the need to comply with regulations, which are imposed on businesses, through accurate and legible markings of products, packaging and labels.
Market Study Key Takeaways
- The industrial inkjet printers industry is expected to reach US$ 9.0 billion by 2022.
- As they are heatproof and offer an aesthetic appeal, continuous inkjets will enjoy high demand. They will accumulate a high share of revenue during the forecasted period.
- During the forecast period, it is expected that the primary packaging print segment will dominate the market.
- The pouches segment will generate high revenues based on the application during the forecast period.
-
According to distribution channel, direct sales is the dominant segment.
Industrial Inkjet Printers Market
Trends and Frontiers of Opportunity
- This growth was driven by the economic growth and an increasing demand for packaged products. Demand for industrial packaging printers as well as direct-to-garment textile printers is growing.
- Manufacturers focus on creating printers that are perfect for low-volume jobs, and can easily handle variable images and data. Key players in the global market are introducing innovations in industrial 3D printers to gain maximum revenue benefits.
-
Integration of Industrial Inkjet Printers with Industry 4.0 Technologies, such as IoT and Data Analytics, allows real-time monitoring and predictive maintenance.
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Industrial Inkjet Printers Market – Regional Analysis
- Asia Pacific is projected to dominate the market for industrial inkjets during the forecasted period. This is due to rapid urbanization, industrialization, and development in the developing countries. The manufacturing industry is experiencing significant growth, which drives the demand for code and mark printers to identify and track products.
- North America will continue to dominate the market for industrial inkjet printers due to the growing demand for large-format, high-resolution inkjet printers that can be used in applications such as advertising, signage and textiles. Increased manufacturing activity, particularly in the automotive and packaging industries, drove this market.
Industrial Inkjet Printers Market – Regional Analysis
Types of
- On Demand Inkjet Printer
- Continuous Inkjet printer
Packaging Type
- Primary Packaging Printing
- Secondary Packaging Printing
-
Tertiary Packaging Printing
Useful Information
- Pouches Printing
- Printing on Corrugated Boxes
- Packaging Films Printing
- Bottles Printing
-
Other (Wire or Cables, Building Materials, Etc.)
End-use Industry
- Food and Drink
- Chemicals
- Pharmaceutical
- Packaging
- Personal Care & Cosmetics
- Others (Textile, Construction, etc.)
Distribution Channel
- Direct Sales
- Indirect Sales
- North America
- Europe
- Asia Pacific
- MEA
-
South America
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