Global Industrial Inkjet Printers Market (2021-2028) to Reach US$9,176 Million
10 July 2021: “Industrial Inkjet Printers Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been released by ResearchAndMarkets.com. The industrial inkjet printers market was valued at US$ 9,176.42 million in 2021 and is projected to reach US$ 15,376.76 million by 2028; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.Industrial inkjet printing uses inkjet technology to print or deposit materials as a part of the manufacturing process of a product on a production line. The idea is similar to that of a desktop inkjet printer, but the scale is vastly different in terms of machine size and speed, as well as the diversity of fluids that must be deposited. The industrial inkjet printers are majorly used for labelling and coding a product. The rising global packaging industry, combined with the faster operating speeds provided by industrial inkjet printers, is anticipated to increase the use of industrial inkjet printers in packaging. Based on end user, the industrial inkjet printers market is segmented into food and beverages, automobile, packaging, cosmetic, medical and others.
The packaging segment accounted for the largest market share in 2020 and is also expected to register the highest CAGR in the market during the forecast period. Inkjet printers were initially created for use in packaging coding and labelling applications. Large size inkjet printers are used in the packaging sector to print high-quality labels and containers. Big format printers provide various advantages, including quick turnaround time, inexpensive printing costs, and flexibility. During the packing process, inkjet printers are widely utilized for inline printing of date and lot codes. These printers minimize issues such as blurred or missing prints, as well as holes in films, which are typically created by contact printing methods such as stamping. The use of built-in sensors and optimization can result in flawless and clear marking.
Based on region, the industrial inkjet printers market is segmented into North America, Europe, Asia Pacific, South America and the Middle East & Africa. In 2020, Asia Pacific accounted for the largest share in the market. The market growth in this region is mainly attributed to changing lifestyles and increasing influence of e-commerce, which is transforming the shopping culture in the region. Moreover, amid COVID-19 pandemic, the number of online customers in the region is increasing significantly as people are preferring the online mode of shopping than visiting physical stores and crowded areas. Such factors are driving the growth of the e-commerce. Moreover, the increasing influence of foreign manufacturers and their products have raised awareness among the local manufacturers in Asia Pacific regarding the importance of packaging in consumers’ purchase decisions.
A few key players operating in the industrial inkjet printers market are Anser Coding, Beijing Hi-Pack Coding, Citronix, Control Print, Domino, Ebs Ink, Jet Systeme, Hitachi, Iconotech, ITW Company, Kba-Metronic, Keyence, Kortho, Leibinger, Linx, Markem-Imaje, Matthews Marking Systems, Squid Ink Manufacturing, United Barcode Systems, Videojet, Weber Marking and Zanasi.
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