Global Industrial Inkjet Printers market grows due to technology advancements and increased regulatory compliance.

From GlobeNewswire: 2024-11-26 09:05:00

The global Industrial Inkjet Printers market is experiencing significant growth, driven by the use of pigmented ink for efficient and cost-effective printing in various industries. The market is valued at $6.71 billion in 2023 and is expected to grow at a CAGR of 6.63% from 2023 to 2031.

Multifunctional inkjet printers are gaining popularity in industrial settings, offering features like printing, scanning, copying, and faxing. These printers are being widely adopted in sectors such as packaging, textiles, and electronics for their versatility and efficiency.

Government regulations on packaging, especially regarding labeling, sustainability, and traceability, are increasing globally. Industrial inkjet printers play a crucial role in ensuring compliance with these regulations by providing flexibility, precision, and speed in printing detailed product information.

Technological advancements in printhead design and ink formulation are enhancing the print quality and resolution of industrial inkjet printers, making them suitable for various industries. Manufacturers are focusing on smart design printing and launching advanced models for improved performance.

North America led the Industrial Inkjet Printers market in 2023, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest growth rate in the forecast period, highlighting the region’s potential for market expansion.

The Industrial Inkjet Printers market is segmented by type into continuous inkjet and drop on demand inkjet, with the latter holding the largest share in 2023. The food and beverage industry accounted for the largest share of the market, with applications in packaging and labeling.

Key players in the Industrial Inkjet Printers market are focusing on new product launches, collaborations, and geographical expansion to maintain a competitive edge. Recent developments include partnerships for digital inkjet label printing and the introduction of new models supporting various inks for industrial applications.

The integration of Industry 4.0 technologies with industrial inkjet printers is transforming the manufacturing landscape, enabling digital transformation and smart production. Technologies like AI, ML, IoT, and robotics are enhancing the capabilities of inkjet printers for optimized and automated printing processes.

The Industrial Inkjet Printers market is projected to reach $11.22 billion by 2031, presenting significant opportunities for component providers, system integrators, and manufacturers. Innovation, quality, and focus on market trends are essential for success in this evolving market landscape.



Read more at GlobeNewswire: Industrial Inkjet Printers Market Skyrockets to $11.22