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Industrial Inkjet Printer Market Size, Share, and COVID Impact Analysis, By Type (Continuous Inkjet and Drop On Demand Inkjet), By End User (Food & Beverages, Cosmetic, Electrical & Electronic Components, Automotive, Ceramics, Packaging, and Others), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI107343 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Industrial inkjets printers are devices that are computer controlled and easily printed on paper, plastic, or glass substrates. The basic working includes continuous inkjet printing and drop-on-demand printing, which uses heating elements and piezoelectric devices to control ink flow. In addition, this technology is used to print on ceramics, decorations, steel, electronic components, plastic cards, rolls, sheets, and many more. This inkjet technology serves food & beverages, cosmetics, electrical & electronic components, automotive, packaging, and many more.


These inkjet printers offer more flexibility, durability, low operating costs, and maintenance. Owing to the rising demand for packed food and cosmetic products, e-commerce growth in past years has raised the demand for industrial inkjet printers. At the same time, electronic components supply chain shortage owing to the global pandemic and technical ink spillage problems are the potential concerns of industrial inkjet manufacturers. However, the latest technology integration of Computer Numerically Control (CNC) to technology such as piezoelectric drop printing curated an opportunity for the key players. This technological advancement offers more precision and low ink consumption that help the consumers worry less about ink loading and spillage.

In addition, the rising demand for labeling, batch coding, and advertising solutions has raised the use of drop-on-demand inkjet technology. The major players that operate in the inkjet printing market are Ricoh, Leibinger group, Hitachi Industrial Components & Equipment Group, and many more. For instance, Epson constructed a new manufacturing plant adjacent to the existing factory and consolidated the Precision Core Micro TFP print head production at Akita Epson, and the company aims to maximize efficiency.

Impact of COVID-19 on the Global Industrial Inkjet Printer Market


The COVID-19 pandemic has affected the global supply chain adversely. Many manufacturers have faced supply chain and manufacturing bottlenecks that have disrupted their demand-supply situation badly. Moreover, the downfall of overall industrial manufacturing activities has led to a slow usage of industrial inkjet printers. The drop in demand from consumers and the halt in global shopping activities is also a major reason for the downfall. The industry has raised the demand through post-pandemic and government ease of lockdown restrictions has created the need for effective management of lots and batches in the labeling & shipping industry. In addition, the rise in e-commerce and online ordering has raised the advertising on packages. The usage of Inkjet printing on boxes and products has helped delivery centers to solve supply chain issues effectively and such factors will improve the demand significantly.

Key Insights


The report will cover the following key insights:


  • Recent industry trends and developments.

  • Competitive landscape & strategic key players.

  • Complete background analysis, including an assessment of the Global Industrial Inkjet Printer Market.

  • Impact of COVID-19 on the Industrial Inkjet Printer Market.


Analysis by End User



  • The rising global e-commerce market is the prime trend for the inkjet printing market growth. Furthermore, hike in food and package products to add additional boost.





    • According to the Census Bureau of the Department of Commerce, It is believed that the Total online retail sales for the second quarter of 2022 were at USD 1,778.6 billion.




Regional Analysis


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  • North America is a key zone that will hold a major share of the global industrial inkjet printing market. The factors such as rising demand for textile packaging, flexible printing, and growth of the advertisement industry support the market growth. In addition, the presence of alternatives in the market hinders growth in the North American region.

    • According to IPSOS, 72% of American consumers said that the packaging design of products influences their purchase decisions.



  • Asia Pacific region is a key dominant zone for the inkjet printing market, where countries such as China, India, and Japan hold major market sales. Growing adoption of new technology, lifestyle change, rise in e-commerce, and urbanization are key market-driven factors. Moreover, growing food processing and packaged food demand will positively influence the region's market.

    • The All-India Federation of Master Printers (AIFMP) assessment shows more than 250,000 MSMEs and large printers to set up in India. Moreover, the AIFMP data also estimates that commercial printing in the country is growing at an annual rate of approx. 10%, while digital printing at a robust growth rate of 30%.



  • Europe’s environmental support policies and growing adoption of eco-friendly package products to minimize carbon emissions hold significant growth. In contrast, major investments and technological innovation support the packaging sector firmly.

    • HP launched PageWide T700i Press, a thermal drop-on-demand printer that helps package convertors attain operational efficiency. Advantages associated with it for high-volume production of digital single-face lamination, corrugation, and folding carton applications.



  • The Middle East and African countries are developing markets for the industrial inkjet printing market, with manufacturers focusing on technological innovation. With the dominating factors such as label and digital printing to drive the market.

    • Comexi, a flexible packaging printing, and converting industry equipment specialist, agreed with madyn plastic company to set up a showroom in the Middle East.



  • Latin America is projected to grow at a moderate pace with robust demand from the food and packaging industry. However, directing demand from the export for the canned and food package sector to grow the adoption of inkjet printing.


Key Players Covered


ANSER CODING INC., Engineered Printing Solutions, Hitachi Industrial Equipment & Solutions America, LLC, InkJet, Inc., ITW Diagraph, KEYENCE CORPORATION, KGK Jet India Private Limited, Konica Minolta, Inc., Markem-Imaje, a Dover Company, Squid Ink, Videojet Technologies, Inc., Weber Packaging Solutions, and Others.

Segmentation
















By Type


By End User


By Geography


 

 


  • Continuous Inkjet

  • Drop on Demand Inkjet

    • Thermal Inkjet

    • Piezoelectric inkjet




 



  • Food and Beverage

  • Chemical

  • Pharmaceutical

  • Packaging

  • Personal Care & Cosmetics

  • Others (Textile, Construction, etc.)


 



  • North America (U.S., Canada, and Mexico)

  • Europe (UK, Germany, France, Italy, and the Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, and the Rest of APAC)

  • Latin America (Brazil, Argentina, and the Rest of Latin America)

  • Middle East & Africa (GCC, South Africa, and the Rest of Middle East & Africa)



Key Industry Developments



  • October 2022- A global leader of digital inkjet ink, DuPont Artistri, has expanded its manufacturing capacity in Fort Madison, Iowa plant. The aim was to improve the efficiency of water-based pigment inkjet inks and dispersions at its plant.

  • September 2022- MGF Services & Equipment, collaborating with Colordyne Technologies to develop UV and water inkjet printing machines to strengthen their product portfolio. This partnership will enable consumers to transform existing printing methods into single-pass hybrid printing platforms.





  • Ongoing
  • 2023
  • 2019-2022

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