Industrial Inkjet Printers Market to Witness Comprehensive Growth by 2031
Inkjet printing is a type of computer printing that recreates a digital image by propelling droplets of ink onto paper and plastic substrates. Inkjet technology is simply a print head that ejects a pattern of tiny drops of ink onto a substrate without actually touching it. Dots using different colored inks are combined together to create photo-quality images. It can also be used to apply coatings, deposit precise amounts of functional materials, and even build micro- or macro-structures. The potential benefits of using inkjet technology are significant and include the reduction of manufacturing costs, provision of higher quality output, conversion of processes from analog to digital, faster prototyping, and the implementation of just-in-time manufacture.
Key Drivers of the Industrial Inkjet Printing Market
Key factors driving the industrial inkjet printers market include increase in penetration of inkjet printers in developing economies and rise in digitalization. Rapid growth in the textile, packaging, and food & beverage industry is likely to drive the demand for industrial inkjet printers in the coming years. A revolution in e-commerce has created better opportunities for producers and suppliers in the industry to sell their products on online platforms. Producers and suppliers of industrial inkjet printers are focusing on selling their products on various e-commerce portals to cater to a wide range of consumers across the world. The promotion of industrial inkjet printers through online channels is estimated to offer lucrative opportunities to the industrial inkjet printers market in the near future.
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Hybrid Printing Creating Opportunities in the Industrial Inkjet Printing Market
Beyond the COVID-19 pandemic, as demand for production increases, hybrid printing will be the key contributing factor as it enables more work to be done in a shorter time. Hybrid systems deliver cost-effectiveness in two ways. Adding inkjet printing stations to traditional flexo systems leverages the cost advantages of both systems. Production runs are made to enable inkjet systems for versioning, customization, and coding while leveraging analog system benefits for the lower cost-per-print on long runs. Such opportunities enhance the growth of the industrial inkjet printing market.
Health hazards and environmental concerns are restraints of the industrial inkjet printing market
Printing is a chemical-intensive industry with its workers being exposed to many hazardous chemicals, in particular, the printing solvents. Other than the health hazards there is also the environmental issue in terms of how the waste is handled. Most chemical printing includes inks, adhesives, lacquers, and cleaning solvents, all of which can cause various levels of ill health to workers or employees who are exposed to them. Various vapors and mists can have chemicals that when in touch with the skin or inhaled create further damage if absorbed into or come in contact with a person’s skin. These factors restrict the growth of the market.
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Asia Pacific the dominant region
India, China, and Japan are the largest markets for industrial inkjet printing. The industrial inkjet printers market in Asia Pacific is anticipated to dominate during the forecast period due to a rise in demand for industrial inkjet printers from the automotive, packaging, and consumer goods industries.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the industrial inkjet printing market are:
- ITW Diagraph
- Markem-Imaje (Dover Company)
- Engineered Printing Solutions
- Keyence Corporation
Industrial Inkjet Printing Market: Research Scope
Industrial Inkjet Printing Market, by Type
- Continuous inkjet printers
- Thermal drop on demand inkjet printers
- Piezoelectric drop on demand inkjet printers
Industrial Inkjet Printing Market, by Distribution
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Published Fri, 18 Feb 2022 00:57:27 -0600