Wilmington, Delaware, United States of America, September 05, 2023 — Transparency Market Research Inc. Global industrial inkjet market to grow A CAGR of From 2022 to 2030, the rate of growth will be 4.3%. According to a report by TMR, the market is expected to reach US$ 13,2 billion in 2031. By 2023, it is estimated that the industrial inkjet market will reach US$ 9,4 billion.
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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The global inkjet market is consolidating, with a few large-scale players controlling the majority. Transparency Market Research profiled key players on the global inkjet 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
- KGK Jet India Private Limited
- Konica Minolta, Inc.
- Markem Imaje is a Dover Company
- Squid Ink
- Videojet Technologies, Inc.
- Weber Packaging Solutions
Industrial Inkjet Printers Market Developments
- 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 has introduced a continuous inkjet Nilkamal F560plus printer. It is equipped several desirable features including a simple ink system using 3D design and no lock-out time, which guarantees high 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.
Growing stringent regulations regarding product labeling, and traceability in different 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
- In 2022, it is estimated that the market for industrial inkjets will be worth US$ 9.0 Billion.
- As they are heatproof and offer an aesthetic appeal, the segment of continuous inkjet will enjoy high demand. They will accumulate a high share of revenue during the forecasted period.
- The primary packaging printing segment is predicted to dominate during the forecast period.
- Based on application, it is expected that the pouches print segment will generate high revenues during the forecast period.
- 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 are focusing their efforts on developing printers with innovative features that can handle images and variable data easily. 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 developing nations of this region. The manufacturing industry is experiencing significant growth, which drives the demand for code and mark printers to identify and track products.
- North America is expected accumulate the majority of the industrial inject printers market due to the demand for large format inkjets with high resolution for advertising, signage, textiles, and other applications. 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
- Tertiary packaging printing
- Pouches Printing
- Printing on Corrugated Packaging
- Packaging Films Printing
- Bottles Printing
- Other Materials (Wire or Cables and Building Materials)
- 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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Transparency Market Research
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Transparency Market Research Inc.
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