The digital production inkjet printing market is projected to grow from US$ 4.99 billion in 2022 to US$ 7.53 billion by 2030; it is expected to expand at a CAGR of 5.30% from 2022 to 2030. Technological advancements and product developments are expected to be a key trend in the market.
The increasing availability of cut-sheet and continuous-feed inkjet presses drives the growth of the digital production inkjet printing market. It provides businesses with more flexibility and choice in their printing needs. Also, the rise of sheet-fed digital production inkjet printing is leading to the development of the printing industry. Inkjet printing offers numerous advantages over conventional printing methods, such as faster turnaround times, lower costs, and the ability to print on a variety of materials. As the technology improves, inkjet printing will likely become even more popular during the forecast period.
Production inkjet presses are one-pass inkjet printers. These printers use fixed arrays of industrial-grade printheads that cover the entire width of the substrate. The demand for digital on-demand production is increasing. Inkjet printing is non-contact, meaning the print head does not touch the substrate surface. The dyes to be printed are in the form of inks rather than pastes, and their viscosity is low when compared to other printing processes. Digital printing provides various advantages, such as lower lifetime costs and cost-effective printing technology. Thus, the demand for digital production inkjet printing is expected to grow during the forecast period.
Several companies in the digital production inkjet printing market provide a wide range of products. A few of these companies are Hewlett Packard, Canon, Ricoh, Fujifilm, Xerox Corporation, Konica Minolta, Kodak, Colorjet, Sakata Inx Corporation, Agfa-Gevaert, and Epson. For instance, Hewlett Packard offers the Page Wide Advantage 2200, T250HD, T390HD, T485HD, and T490HD. Canon offers ProStream, ColorStream, iX, Screen Americas, and Truejet press 520. Similarly, Ricoh provides VC Pro xxx. In addition, market players are focusing on new product development and technological advancement; for instance, in February 2023, EPSON announced the expansion of its product lineup of inkjet printheads with two new models—I3200(8)-S1HD and S800-S1—for signage, marking/coding, printed electronics, and other applications. Therefore, the growing availability of various product options is boosting the digital production inkjet printing market.
Short-run printing refers to printing small quantities of printed materials, typically less than 1,000 copies. Several factors are increasing the demand for short-run printing, including the growing popularity of e-commerce. E-commerce businesses often need to print small quantities of marketing materials, such as catalogs and flyers, to promote their products. Additionally, short-run digital printing is a quick way to print items with offset printing quality without the offset price. Short-run digital printing items are small batches of printed materials that must be turned around quickly. Short-run printing has more advantages, including quick turnaround, superior quality, simple, cost-effective one-time setup, and the ability to make changes on future batches. Also, inkjet printers are well-suited for short-run printing as they can print on various substrates and offer high print quality. Therefore, the increasing demand for short-run printing is likely to create opportunities for the digital production inkjet printing market players to promote growth in the coming years.
The key segments that contributed to the derivation of the digital production inkjet printing market analysis are coverage by device, application, and vertical.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
The Europe digital production inkjet printing market is vastly competitive, with a few major players dominating the market. These players are investing extensively in research and development to develop new and innovative products and solutions. They are also extending their product portfolio and geographic reach to capture a significant market share. Major players such as HP Inc., Canon Inc., Screen Europe, and IMI Europe Limited provide high-quality digital inject printers. Europe has a huge textile packaging industry. As the demand for personalized and customized packaging solutions increases, the need for digital production inkjet printing also grows. Considering all these abovementioned factors, the Europe digital production inkjet printing market is expected to grow during the forecast period.
The regional trends and factors influencing the Digital Production Inkjet Printing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Digital Production Inkjet Printing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 4.99 Billion |
| Market Size by 2030 | US$ 7.53 Billion |
| Global CAGR (2022 - 2030) | 5.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Digital Production Inkjet Printing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Digital Production Inkjet Printing Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The digital production inkjet printing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Digital Production Inkjet Printing Market are listed below:
The digital production inkjet printing market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Digital Production Inkjet Printing Market Size and Forecast (2020–2030)" provides a detailed analysis of the market covering below areas-
The List of Companies - Digital Production Inkjet Priting Market
North America is expected to dominate the digital production inkjet printing market with the highest market share in 2022.
The global digital production inkjet printing market was estimated to grow at a CAGR of 5.30% during 2022 - 2030.
The growing availability of cut-sheet and continuous-feed inkjet presses and the rising use of sheet-fed inkjet are the major factors that drive the global digital production inkjet printing market.
The edge computing market size is projected to reach US$ 7.53 billion by 2030.
Technological advancements and product developments are the major trends in the market.
Singapore Pte Ltd, Ricoh USA Inc, Eastman Kodak Co, Hewlett-Packard Development Co Lp, Canon Inc, Fujifilm Business Innovation Konica Minolta Business Solutions India Pvt Ltd, Xerox Holdings Corp, Colorjet India Ltd, Inca Digital Printers Ltd, Screen Gp Americas Llc, and Epson India Pvt Ltd, are the major market players.