With the changes in the supply chain and print purchase demand and the continuous change of digital printing technology , the global inkjet printing market has developed vigorously in recent years with good growth prospects.
According to Smithers' latest research report "The Future of Inkjet Printing to 2027" (hereinafter referred to as the "Report"), the global inkjet printing market will reach approximately US$86.8 billion in 2022, an increase of 46.2% over 2017. By 2027, the global inkjet printing market will reach US$128.9 billion, with a compound annual growth rate of 8.2% from 2022 to 2027.
In the field of small batch printing, high-speed inkjet printing machines have more advantages in efficiency and cost. According to the "Report", the global inkjet printing volume will increase from 1.0 trillion A4 printing equivalents (2022) to 1.7 trillion (2027), with a compound annual growth rate of 10%.
With the development of the latest inkjet printing machines for corrugated cardboard, cardboard and flexible substrates, the inkjet printing market will show a significant growth trend in the packaging printing field. The average annual compound growth rate is 7.8%, and the average annual compound growth rate of printing volume is 8.8%.
Moreover, the global inkjet printing market size is expected to witness double-digit growth in segments such as commercial printing , books, catalogs, magazines, and brochures. With the iterative upgrade of inkjet technology, inkjet printing will be more and more used in photo printing.
Second, the advantages of inkjet printing
So, why is inkjet printing so popular? Smithers' "Report" believes that the growth of the global inkjet printing market is closely related to the following advantages:
01
economic benefits
Inkjet printing meets the needs of small batch printing, saving the cost and time of printing plate making. With the improvement of production efficiency of inkjet printing machines and the decline of ink cost, inkjet printing has advantages in cost and efficiency compared with traditional printing, which is also one of the main driving forces for the adoption of inkjet printing in most fields. Currently, inkjet printing has proven to be more economical than lithography, gravure, screen printing and flexo printing for many printed products.
02
digital capabilities
Inkjet printing supports the variability of digital text and graphic data, and the printed matter can be different from sheet to sheet. In the early days, inkjet printing was mainly used for short-term printing jobs with fast turnaround. As the technology changed, inkjet printing was gradually used in more fields. For example, the sign printing industry has embraced wide-format inkjet printing as a cost-effective alternative to screen printing. On the label side, digital solutions have captured a considerable market share, and the advent of new high-performance inkjet printing machines has enabled inkjet printing on materials such as corrugated paper, carton, flexible and rigid plastics, and metals.
