Asia Pacific Industrial Inkjet Printers Market to Grow at a CAGR of 8.0% to reach US$ 9,056.91 Mn Million from 2021 to 2028

The Asia Pacific industrial inkjet printers market is expected to grow from US$ 5,268.18 million in 2021 to US$ 9,056.91 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

Asia Pacific comprises of several developing economies such as India, China, Japan, South Korea, and Australia. There has been an increase in the demand for printing of packages due to the increase in consumer spending as well as the rising demand for sustainable products. A rise in consumption of processed food as well as the emerging technologies for packaging printing will drive the growth of industrial inkjet printers market in Asia Pacific. E-commerce has witnessed significant growth in the region primarily owing to the increasing penetration of the internet and the high adoption of online shopping, especially since the outbreak of the COVID-19 pandemic.    

In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of industrial inkjet printers manufacturing activities. Downfall of other consumer goods manufacturing sectors has negatively impacted the demand for industrial inkjet printers during the early months of 2020. Moreover, decline in the overall industrial manufacturing activities has led to discontinuation of industrial inkjet printers manufacturing projects, thereby reducing the demand for industrial inkjet printers. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific industrial inkjet printers market. Flexible packaging allows better transportation of the packaged goods and enables customizable designs and a better life span for the packaged goods. Industrial inkjet printers were initially designed to use in the marking and coding applications in packaging. The inkjet printing on flexible packaging helps maintain the quality of imprinted images and enhances the overall graphic representation during the phases such as manufacturing, packaging, transportation, and the final use of the product. Various advancements in printing techniques, such as better ink formulation, improved resins deployment, and high-performance printing equipment, help inkjet printer manufacturers enhance the printer performance. These developments have enabled industrial inkjet printers to meet the performance standards associated with the flexible packaging materials. For instance, Marabu is involved in the production and supply of water-based inkjet inks. The inks are used in the printing on flexible packaging for food and beverages products as well as consumer goods, such as cardboard boxes, toys, and wallpapers.

Asia Pacific Industrial Inkjet Printers Market Segmentation

• Asia Pacific Industrial inkjet printers Market – By Technology
  • CIJ Printer
  • DOD Inkjet Printer
• Asia Pacific Industrial Inkjet Printers Market – By End-User
  • Food and Beverages
  • Automobile
  • Packaging
  • Cosmetic
  • Medical
  • Others
• Asia Pacific Industrial Inkjet Printers Market – By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific