Wilmington, Delaware (United States), Sept. 5, 2023. Transparency Market Research Inc. The global market for industrial inkjet printers is expected to thrive At a CAGR From 2022 until 2031, 4.3%. TMR’s report estimates that the market will be valued at US$ 13,2 Billion in 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. Industrial inkjet printers are becoming more popular due to their cost-effectiveness when it comes to product labelling, marking and coding.
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The market for industrial inkjets is highly consolidated. A few large vendors control the majority of the market share. Transparency Market Research profiled key players on the market in its report about the global industrial printers market. They adopted strategies such as expanding product portfolios, mergers and acquisitions and acquiring other companies.
- ANSERCODING 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 is modular and robust, which makes it easy to operate. The filter is easy to replace and can last up to 2 years.
Growing stringent regulations regarding product labeling, and traceability in different industries. Inkjet industrial printers are used to help businesses comply with the regulations. They provide accurate and legible markings for products, labels, packaging, etc. This is driving the market during the forecast period.
Market Study Key Takeaways
- In 2022, it is estimated that the market for industrial inkjets will be worth US$ 9.0 Billion.
- The continuous inkjet segment will be the most popular, with a large revenue share, during the forecast period. This is due to the fact that they are heatproof, and have an attractive aesthetic.
- During the forecast period, it is expected that the primary packaging print segment will dominate the market.
- The segment of pouches is expected to have high revenues during the forecast period based on its application.
- Direct sales dominate the market based on the distribution channel.
Industrial Inkjet Printers MarketTrends and Opportunities
- 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.
- Integrating industrial inkjet printing with Industry 4.0 technology, including IoT (Internet of Things), data analytics and real-time monitoring allows for improved production efficiency, predictive maintenance and real-time tracking.
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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. Significant growth in the manufacturing sector is driving the need for coding and labeling printers.
- 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. Market growth was primarily driven by an increase in manufacturing, particularly within the automotive and package sectors.
Industrial Inkjet Printers Market – Regional Analysis
- On Demand Inkjet Printer
- Continuous Inkjet printer
- Primary Packaging Printing
- Secondary Packaging Printing
- Printing Tertiary Packaging
- Pouches Printing
- Printing Corrugated boxes
- Packaging Films Printing
- Bottles Printing
- Other (Wire or Cables, Building Materials, Etc.)
- Food and Drink
- Personal Care & Cosmetics
- Others (Textile, Construction, etc.)
- Direct Sales
- Indirect Sales
The Region of the South-East
- North America
- Asia Pacific
- South America
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