Industrial Ink-jet Printer Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Global Industrial Inkjet Printer Market Trends & Growth Drivers

Integration of Digital Printing Workflow Is Key Market Trend

• Digitalization in the printing industries is providing advanced solutions to increase efficiency, by reducing errors, cost, and time of operations.
• The industry is currently focused on boosting production and efficiency by offering automated solutions to decrease manual interventions and smoothly manage data, color management, printing, and other tasks.
• For instance, INKCUPS has come up with the automation-ready industrial inkjet printer XJET800 UV Flatbed Printer, which is designed for efficient production. It can pick up the parts from the conveyor system and print on them.
• The machine reloads itself with the assistance of robotic arms, and the conveyor belt moves for convenient access, minimizing human labor with the use of an automated system.

Growing Packaging and Labeling Industry Is Key Driver

• The market is expanding due to the growing packaging and labeling industry, which needs to meet the demand of other businesses for dependable, efficient, and sustainable printing solutions for product branding, labeling, and packaging.
• Additionally, the rapid growth of e-commerce shopping, stringent food safety regulations, and increasing international trade, as well as the rising demand for packaging and labelling, is further propelling the market.
• People are becoming more attracted to ready-to-eat and packaged food due to convenience, which has increased demand for protective packaging and labeling.
• According to the 29th edition of the International Yearbook of Industrial Statics by the United Nations Industrial Development Organization (UNIDO), there is a growth of 2.3% in industrial sectors in 2022–2023, where the manufacturing sector has shown the most dynamic growth, and increased by 3.2%.

Global Industrial Inkjet Printer Market Analysis

Ink Type Insights

• UV-curable inks will hold the largest market share, of 40%, in 2024, and they are the fastest-growing category, with a CAGR of 4.7% by 2030.
• This is because they have better print quality, eco-friendly nature, and are more cost-efficient compared to others inks.
• UV printing is a digital printing technique that uses ultraviolet light to quickly dry ink.
• It is popular because it allows for product decorating, packaging, and signage on a variety of substrates, which is necessary given the large diversity of products offered by various businesses.
• These printers are sustainable and environment-friendly since they do not require print plates, which saves time and cost, while also removing the usage of VOCs and HAPs from the inks.

The ink types covered in the report include:

• Water-Based
• Solvent-Based
• UV-Curable (Largest and Fastest-Growing Category)
• Dye Sublimation
• Others

Technology Insights

• The continuous inkjet technology will hold the largest market share of 40% in 2024, and it is the fastest-growing category, by 2030 because of its versatility, speed, reliability, and capability of contactless printing.
• The technology circulates a continuous flow of ink, which is then charged and deflected to print on the substrate.
• These printers are separated into two sections. The print head that squirts ink is visible on the top part, while the lower half is referred to as the controller and houses the ink storage, mixing, and pressure.
• While there are alternative technologies that offer more affordable, sustainable, and higher-quality printing than CIJ, the category's dominance comes from its long-standing market presence, durability, print speed, and contactless printing capabilities.

The technologies covered in this report are:

• Drop-on-Demand (DOD)
• Continuous Inkjet (CIJ) (Largest and Fastest-Growing Category)
• Piezoelectric
• Thermal 

End User Insights

• Food and beverage are the largest and fastest-growing category in 2024 and a CAGR of 5.0% by 2030, respectively.
• This is due to the growing population, increasing number of foods processing factories, rising requirement for labeling due to stringent food safety regulations, and booming requirement of sustainable printing.
• As per industry experts, the food and beverage manufacturing sector are expected to produce up to USD 4.5 trillion by 2026, of which the beverage market will contribute about USD 1.8 trillion.

The end users analyzed in this report are:

• Food and Beverage (Largest and Fastest-Growing Category)
• Pharmaceutical
• Consumer Good
• Automotive
• Chemicals and Material
• Printing and Publishing
• Textiles and Apparel
• Electronic
• Others

Regional Analysis

• Geographically, the APAC region will hold the largest market share, of around 45%, in 2024 and witness the fastest-growing revenue, with a CAGR of 4.9%, in the forecast period due to the rapid industrialization, high population, and adoption of advanced technologies.
• The dominance of the region is due to the existence of countries such as China, Japan, South Korea, and India, which are rapidly adopting Industry 4.0 and emerging as hubs for manufacturing.
• For instance, China leads the list of top 10 manufacturing countries in the world, accounting for 28.4% of the worldwide manufacturing output. Other significant APAC countries in this regard are Japan with 7.5%, India with 3.3%, South Korea with 3%, and Indonesia with 1.4% shares.

The regions and countries analyzed in this report include:

• North America
  • U.S. (Larger and Faster-Growing Country Market)
  • Canada
• Europe
  • Germany (Largest Country Market)
  • U.K. (Fastest-Growing market)
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • Japan
  • India (Fastest-Growing Country Market)
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest Country Market)
  • Mexico (Fastest-Growing Country Market)
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Fastest-Growing Country Market)
  • South Africa
  • U.A.E. (Largest Country Market)
  • Rest of MEA

Industrial Inkjet Printer Market Share

The global industrial ink jet printer market is considered significantly consolidated in nature due to the global presence and control of larger, well-established players, such as Domino, Brother Industries, Hitachi, Koenig & Bauer Coding, and Videojet. Furthermore, the market's consolidation is brought about by the established customer relationships, possession of specialist technologies, acquisitions, and mergers.

Industrial Inkjet Printer Market News

• In December 2023, Seiko Epson Corporation completed the construction of its new factory in Japan with a total investment of approximately USD 22 million (JPY 3.5 billion).
• In October 2023, Canon announced the launch of its newly developed compact commercial digital presses.
• In September 2023, Markem-Imaje launched Touch Dry white ink for inkjet printers with the 5940 G applicable, for a broad range of substrates.
• In May 2023, Kyocera Corporation announced FOREEARTH, a sustainable inkjet textile printer that eliminates the use of water on fabrics while printing and lowers environmental challenges.