A recent study showed that the inkjet printing market is worth $86.29 billion and its growth rate will accelerate in the coming years.
The inkjet printing market is expected to witness a high compound annual growth rate (CAGR) of 8.32%, which will drive the market value to USD 128.9 billion in 2027. This growth is reflected in inkjet printing volumes, which are expected to increase from 1.0 trillion A4 print equivalents in 2022 to 1.7 trillion in 2027. This means that the compound annual growth rate from 2022 to 2027 may reach 10.0%.
One of the key drivers of this growth is the increasing adoption of inkjet printing across various industries. The fastest-growing segment is expected to come from packaging applications. With the rise of e-commerce and the need for sustainable packaging, there is a growing demand for the high-quality, cost-effective printing solutions that inkjet printing can provide. Additionally, commercial printing, books, catalogs, magazines, and directories are expected to see double-digit growth as businesses continue to invest in digital printing technology.
The study also mentioned that advances in inkjet technology, such as increased printing speeds, improved resolution, and a wider range of printable substrates, are driving the adoption of inkjet printing in various applications. Inkjet printing offers advantages over traditional printing methods due to its flexibility, cost-effectiveness, and environmental benefits.
One of the major factors driving the accelerated growth of the inkjet printing market is the growing demand for personalized and customized printing. With inkjet printing, businesses can easily personalize their marketing materials, packaging, and other printed products to increase engagement and customer satisfaction. As a result, many industries including retail, advertising, and direct mail are turning to inkjet printing to meet their growing demand for personalized printing solutions.
This growth is driven by the increasing adoption of inkjet printing across industries, advancements in inkjet technology, and growing demand. As businesses continue to prioritize cost-effective and sustainable printing solutions, inkjet printing will play a key role in the future of the printing industry.
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Post time: Jan-26-2024