Views: 5 Author: Site Editor Publish Time: 2022-07-27 Origin: Site
Recycled Times Report/Smithers Printing Consultants Update Inkjet Market Data Research. The report indicates that the inkjet printing market is valued at $86.29 billion in 2021 and is expected to reach $138.81 billion in 2027. The market is expected to grow at a CAGR of 8.32% during 2022-2027, which is a substantial increase compared to the CAGR of 5.1% in 2019.
The study said the growth may have been driven by increased inkjet volumes from installed equipment. In addition, the adoption of faster and more industrialized inkjet printing equipment in industries such as packaging, direct mail, trading, and wide-format printing is also a big reason for the growth.
Smithers believes that a high compound annual growth rate of 8.32% pushes the inkjet printing market to reach a market value of $128.9 billion in 2027. This is reflected in inkjet print volumes, which will increase from 1.0 trillion A4 print equivalents (2022) to 1.7 trillion (2027), implying a potential CAGR of 10.0% for 2022-2027.
The fastest growing segment will come from packaging applications. In addition, commercial printing, books, catalogs, magazines and catalogs will see double-digit growth.