North America Industrial Inkjet Printers Market to Grow at a CAGR of 7.8% to reach US$ 2,637.11 Mn Million from 2021 to 2028

The North America industrial inkjet printers market is expected to grow from US$ 1,559.07 million in 2021 to US$ 2,637.11 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.

North America comprises developed economies such as the US, Canada, and Mexico. The US is considered a significant market for industrial inkjet printers. Companies such as Keyence, ITW, Leibinger Group are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. Several domestic and international companies operating in the industrial inkjet printers market have a strong foothold in the North American region. The North American region primarily supports the growth of the industrial inkjet printers market through effective manufacture and trade policies.   

 

In case of COVID-19, in North America, especially the US, 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 North America countries, i.e., Mexico, Canada, Panama and Costa Rica. 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 North America 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. As per the Flexible Packaging Association, flexible packaging is considered as the second-largest contributor to the growth of the packaging market in the US, as it accounted for ~19% share of the market in the country in 2018, which was worth US$ 170 billion. 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.

North America Industrial Inkjet Printers Market Segmentation

North America Industrial inkjet printers Market – By Technology

• CIJ Printer
• DOD Inkjet Printer

North America Industrial Inkjet Printers Market – By End-User

• Food and Beverages
• Automobile
• Packaging
• Cosmetic
• Medical
• Others

North America Industrial Inkjet Printers Market – By Country

• US
• Canada
• Mexico

North America Industrial Inkjet Printers Report Scope