Industrial Inkjet Printer Market

According to Stratistics MRC, the Global Industrial Inkjet Printer Market is accounted for $10.17 billion in 2024 and is expected to reach $14.67 billion by 2030 growing at a CAGR of 6.3% during the forecast period. A high-performance printing tool made for large-scale production and manufacturing settings is an industrial inkjet printer, these printers are used to produce intricate images, logos, barcodes, and text in a variety of industries, including textiles, automotive, packaging, and electronics. Because of their versatility, they can be used for both continuous and on-demand printing, which makes them perfect for applications like customized packaging and serialization that call for variable data printing.

According to the Association for PRINT Technologies (APTech), the demand for industrial inkjet printers is expected to grow significantly in the coming years, driven by advancements in digital printing technology and the increasing need for high-quality, customized packaging solutions across various industries.

Market Dynamics: 

Driver: 

Growing need for digital printing

Due to its increased efficiency in handling short to medium print runs, digital printing is becoming more and more popular as industries shift away from traditional offset and screen printing techniques. Significant advantages of industrial inkjet printers include shorter setup times, less waste, and the capacity to print on a range of substrates. Additionally, this demand is being further fueled by the growth of e-commerce and online retail, as companies need flexible and adaptable printing solutions to meet the needs of local markets and a wide range of consumer preferences.

Restraint:

Excessive initial capital outlay

The high initial cost of acquiring and configuring sophisticated inkjet printing systems is one of the main barriers to the industrial inkjet printer market. These printers are expensive for small and medium-sized businesses (SMEs) to purchase because they need a significant investment in precision components, software, compatible materials, and high-quality printheads. Furthermore, costs may also rise as a result of the requirement for extra infrastructure, which may include integration with current production lines, specialized in handling systems, and climate-controlled spaces.

Opportunity:

Adoption of smart manufacturing and IOT technologies

The industrial inkjet printer market has a lot of opportunities due to the growing adoption of smart manufacturing and Internet of Things (IOT) technologies. Smart factories can use IoT-enabled printers to improve efficiency and minimize downtime by streamlining workflows, tracking production processes in real-time and anticipating maintenance needs. With the use of data analytics tools, manufacturers can lower costs and improve operations by gaining insights into print quality, ink consumption, and machine performance. Moreover, continuous and fast printing processes can be facilitated by the integration of inkjet printers with automated systems, such as robotic arms and conveyor belts.

Threat:

Strong market rivalry

The offset, flexographic, gravure, and screen printing printing technologies, with their established user bases and demonstrated capacity for high-volume and economical production runs, pose a serious threat to the industrial inkjet printer market. Even with digital inkjet printing's benefits, traditional methods are still widely used in many industries because they are more affordable per unit for large-scale production, print at faster speeds, and can handle a wider variety of substrates with consistent quality. Additionally, there is a threat from other digital printing technologies, such as electro photography, particularly in markets with similar print quality and efficiency like packaging and commercial printing.

Covid-19 Impact: 

The COVID-19 pandemic had a major effect on the industrial inkjet printer market. At first, it caused delays in capital investments in new printing technologies because of issues with the global supply chain, production halts, and decreased demand from important industries like retail, automotive, and textiles. On the other hand, the pandemic also sped up some trends that might prove advantageous for the market in the long run. Furthermore, companies' increased emphasis on automation and digitization of manufacturing processes in an effort to reduce human interaction and boost resilience opened up new markets for sophisticated inkjet printers that were linked with IOT and smart manufacturing technologies.

The Corrugated Box Printing segment is expected to be the largest during the forecast period

In the industrial inkjet printer market, the Corrugated Box Printing segment has the largest market share. This dominance is a result of the rising demand in sectors like consumer goods, food and beverage, and e-commerce for sustainable and adaptable packaging solutions. Businesses need to have access to high-quality on-demand printing capabilities in order to produce corrugated boxes that not only protect products during shipping but also function as branding and marketing tools as online retail grows. Moreover, this allows brands to print eye-catching designs and customized messages directly on the packaging.

The Packaging segment is expected to have the highest CAGR during the forecast period

The packaging segment of the industrial inkjet printer market usually has the highest CAGR. The demand for premium, bespoke packaging solutions is rising across a number of industries, including consumer goods, pharmaceuticals, and food and beverage. For printing high-resolution, variable data on packaging materials, improving traceability, and guaranteeing product authenticity, industrial inkjet printers are essential. Additionally, the growing popularity of eco-friendly and economical packaging options, along with the developments in inkjet technology, is driving this market.

Region with largest share:

The market for industrial inkjet printers is dominated by the Asia-Pacific region. This dominance is explained by the regions rapidly expanding manufacturing sector, especially in China and India, where advanced printing technologies are in high demand to support a wide range of industrial applications. Industrial inkjet printer adoption is also fuelled by the region's growing packaging and consumer goods industries. Furthermore, the Asia-Pacific market maintains its top spot in the world market owing to growing investments in industrial automation and a strong supply chain network.

Region with highest CAGR:

The industrial inkjet printer market is anticipated to grow at the highest CAGR in the Latin America region. The region's growing industrial base and the rising use of sophisticated printing technologies in a variety of industries, such as consumer goods and packaging are the main drivers of this growth. The demand for industrial inkjet printers is rising as a result of increased infrastructure development investments as well as a growing focus on modernization and efficiency in manufacturing processes. Moreover, favourable economic circumstances and government programs encouraging industrial growth also contribute to the region's quick market expansion.

Key players in the market

Some of the key players in Industrial Inkjet Printer market include Toshiba Corporation, Beijing Hi-Pack Coding Ltd, Hitachi Industrial Equipment Systems Co., Ltd., Anser Coding, Inc., Citronix Inc, Keyence Corporation, Videojet Technologies, Inc., Konica Minolta, Inc, Canon Inc, Leibinger Group, Arrow Systems, Inc, Domino Printing Sciences plc, Pannier Corporation, Engage Technologies Corporation and Ricoh Company, Ltd.

Key Developments:

In June 2024, The Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) agreed to collaborate in the delivery of equipment and components, as well as in the provision of maintenance services, for the first nuclear power plant in Poland.

In June 2024, Konica Minolta Business Solutions U.S.A., Inc., a leader in workplace innovation, is proud to announce a contract with Vizient, the largest provider-driven healthcare performance improvement company in the nation. The agreement aims to deliver pivotal solutions to the healthcare industry through Documentation and Workflow Management. 

In April 2024, Hitachi Ltd. has signed a stock purchase agreement to acquire all shares of MA micro automation GmbH from MAX Management GmbH. MA micro automation is a leading provider of robotic and automation technology including high-speed linear handling systems, high-precision assembly lines, and high-speed vision inspection technology for Europe, North America, and Southeast Asia, for EUR 71.5M million.

Machine Types Covered:
• 1-4 Lines Small Character Inkjet Printing Machine
• 1-5 Lines Ink Jet Printing Machine
• 1-6 Lines Inkjet Printing System
• Big Character Inkjet Coding Machine
• Other Machine Types 
 
Packaging Types Covered:
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging 

Technologies Covered:
• Continuous Inkjet 
• Drop on Demand Inkjet Printer
• UV Inkjet 

Distribution Channels Covered:
• Direct Sales
• Indirect Sales 
 
Applications Covered:
• Pouch Printing
• Corrugated Box Printing
• Packaging Film Printing
• Bottle Printing
• Wires or Cables
• Building Materials
• Other Applications 

End Users Covered:
• Food & Beverage
• Chemical
• Pharmaceutical
• Personal Care & Cosmetics
• Automotive
• Textile
• Construction
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances