Inkjet Printing Market Size, Share, Opportunities And Trends By Technology (UV Inkjet, Continuous Inkjet, Drop on demand, Others), By Application (Textile, Packaging and Labeling, Photo printing, Others), By End-User (Households, Offices), And By Geography - Forecasts From 2023 To 2028

The inkjet printing market is projected to show steady growth during the forecast period.

Market Overview:

Inkjet printing is a sort of computer printing that uses droplets of ink to replicate a digital image on paper and plastic substrates. It uses a vector file rather than a physical print board and has a much cheaper initial cost. Furthermore, inkjet printing can not only print many colours at the same time, but it can also achieve colour gradation, resulting in a picture-like print tone. Inkjet printers are non-contact printers that reproduce digital images by propelling ink droplets via nozzles on paper and plastic surfaces. The inkjet method uses ionized ink that is directed to the paper by magnetic plates. Advertisement, textile, packaging, labelling, and photo printing industries all employ these printers.

Inkjet printing demand will rise in the packaging industry as it experiences greater expansion due to e-commerce.

The packaging sector is expanding rapidly around the world due to the high demand for convenience-based packaging from the e-commerce transport and shipment, food and beverage, personal care, domestic care, and healthcare industries. This expansion is fueling a tremendous demand for inkjet printers for packaging, which is one of the primary reasons driving the market. For instance, Domino Printing Sciences, based in the United Kingdom, will release the Cx350i, a piezo inkjet (PIJ) printer developed for printing on secondary packaging, in January 2022. The direct-to-box Cx350i is said to alleviate concerns about outer case coding while also lowering the costs and material waste involved with labelling. Domino advertised the solution as a "low-maintenance" option that allowed for the printing of GS1-compliant machine-readable codes at cheap costs. Furthermore, in November 2022, Fujifilm Integrated Inkjet Solutions offered the 12K Printbar System, a revolutionary variable data, drop-on-demand print technology for the packaging business. Fujifilm's 12K Printbar System integrates innovations such as ergonomic adjustment features and fluid control automation to provide consistent image quality over time while decreasing cost and disturbance by eliminating the need for ink conditioning additives.

By technology, UV inkjet printing is expected to grow at a significant rate due to production efficiency.

Due to its ability to print directly onto a very diverse range of substrates without the need for pre-treatments, UV-curable inks play a significant role in the graphic arts and industrial print industries. When exposed to UV light, UV-curable inks rapidly dry, enabling the quickest production and finishing times while consuming far less energy than regular inkjet inks. Since the inkjet printing sector generates demand for ink, it is anticipated that the ink ecosystem would develop as well. The market will experience a large increase in the UV inkjet printing segment. For instance, The Fujifilm Samba JPC UV inkjet modules will be made available to integrators and original equipment manufacturers (OEMs) in September 2022 by Fujifilm Dimatix, a division of Fujifilm Corporation and a manufacturer of piezoelectric, drop-on-demand industrial inkjet printheads. Their partners will be able to supply print solutions that satisfy the needs of print service providers wishing to introduce digital printing to an expanding range of applications and further the potential of this technology by adding UV ink support.

Key Developments:  

• June 2022: Control Print has announced the release of a new product, Pench, designed with Indian companies in mind. It is faster than its predecessor and can print at speeds of up to 700 m/min, making it ideal for industries such as cable, wire, steel, and other ultra-fast high-speed applications. The printer's durable stainless-steel build and IP65 protection level require no extra care and ensure operation in the harshest of environments.
• February 2022: A new ink tank business printer has been added to Canon's MAXIFY Ink Efficient GX Series portfolio, the company revealed. The printer boosts productivity and efficiency in workplaces and organizations by combining inexpensive colour printing prices with speed, handling of many sheets of paper, and networking features. A user-replaceable maintenance cartridge is included with the printer and is readily accessible in the marketplace. As a result, there will be less downtime for printing when the printer doesn't need to be taken in for maintenance.
• February 2021: Videojet Technologies, a developer of coding, marking, and printing solutions, has introduced the Videojet 1880 continuous inkjet (CIJ) printer. The Videojet 1880 is designed to assist users to prevent industrial downtime by delivering exceptional performance with modern, digitally enabled technologies. With a set of code management tools, line integration capabilities, and unique features, the Videojet 1880 helps to ensure that the proper, high-quality code is deployed every time.

North America accounts for the majority of the market by region while the Asia Pacific region will grow the fastest among other regions.

North America controls the majority of the market. This is due to the existence of important regional players such as Videojet Technologies, Inc., Xerox Corporation, Inkjet Inc., and KEYENCE CORPORATION. Due to an increasing number of organizations implementing hybrid work, the United States has witnessed many product debuts. Canon, for example, announced in October 2022 a new business inkjet printer with a low total cost of ownership for hybrid work environments.

Over the forecast period, Asia Pacific is expected to be the fastest-growing regional segment. The significant prospects based on low labour and manufacturing costs make Asia-Pacific a prominent place for building up production plants and mass production of inkjet printers. The current global outbreak of the COVID-19 pandemic has harmed regional growth. The COVID-19 epidemic is predicted to have a significant impact on China, which is a major producer of films and foils used in packaging printing. Furthermore, numerous European printing enterprises rely on China for the supply of chemicals used as input materials in printing methods, such as solvents and ink ingredients.

Covid-19 Impact on the Inkjet Printing Market

COVID-19 has had a significant impact on the market for inkjet printers. The government-imposed lockdown conditions have caused the call from colleges and institutions to stop, which was bad news for the printing business because a new academic year was about to begin. Commercial printing has been greatly impacted by virtualization because all printing industries have shut down. Industry experts anticipate that the printing sector's move to automation will pick up steam and at the very least, print jobs will return. Since automation processes also call for experienced labourers, they will undoubtedly return. As a result, industries are developing fresh new revolutionary technologies and advancements in inkjet printers. Through innovative product development, partnerships, and joint ventures, several sectors are producing sophisticated solutions for their clientele.

Inkjet Printing Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023–2028
Forecast Unit (Value)	USD Billion
Segments Covered	Technology, Application, End-User, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Brothers Industry Ltd, Canon Inc, HP Inc, Inkjet Inc, Seiko Epson Corporation, Xerox Corporation, Pannier Corporation, Mimaki Engineering Co Ltd, Keyence Corporation, Hitachi Ltd
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Technology
  • UV Inkjet
  • Continuous Inkjet
  • Drop on demand
  • Others
• By Application
  • Textile
  • Packaging and Labeling
  • Photo printing
  • Others
• By End-User
  • Households
  • Offices
• By geography
  • North America
    • USA
    • Canada

• • South America
    • Brazil
    • Argentina
    • Others

• • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

 

5. INKJET PRINTING MARKET ANALYSIS, BY TECHNOLOGY

5.1. Introduction

5.2. UV Inkjet

5.3. Continuous Inkjet

5.4. Drop on demand

5.5. Others 

 

6. INKJET PRINTING MARKET ANALYSIS, BY APPLICATION

6.1. Introduction

6.2. Textile

6.3. Packaging and Labeling 

6.4. Photo printing 

6.5. Others 

 

7. INKJET PRINTING MARKET ANALYSIS, BY END-USER

7.1. Introduction

7.2. Households

7.3. Offices 

 

8. INKJET PRINTING MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America 

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America 

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe 

8.4.1. UK

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain 

8.4.6. Others

8.5. Middle East and Africa 

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific 

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Australia

8.6.6. Indonesia 

8.6.7. Others

 

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. COMPANY PROFILES

10.1. Brothers Industry Ltd 

10.2. Canon Inc 

10.3. HP Inc 

10.4. Inkjet Inc 

10.5. Seiko Epson Corporation 

10.6. Xerox Corporation 

10.7. Pannier Corporation 

10.8. Mimaki Engineering Co Ltd 

10.9. Keyence Corporation 

10.10. Hitachi Ltd 

Brothers Industry Ltd

Canon Inc

HP Inc

Inkjet Inc

Seiko Epson Corporation

Xerox Corporation

Pannier Corporation

Mimaki Engineering Co Ltd

Keyence Corporation

Hitachi Ltd