New research says the global inkjet printing market will grow at an annual rate of more than 11 percent by volume in the next five years to reach more than $US118 billion by 2025.
“In 2020, inkjet print is an $80.4 billion market, almost 923 billion A4 prints,” says industry researcher Smithers. “Growth will continue as high performance technology comes to market with printers and converters spending $3.9 billion on new inkjet equipment, up from $2.9 billion in 2015.
“The latest Smithers study forecasts growth rates for the global inkjet printing market at a CAGR [compound annual growth rate] of 11.4% by volume and 8% in constant value, which will see the market reaching $118.2 billion by 2025.”
Smithers’ new The Future of Inkjet Printing to 2025 delivers “exclusive insights into a fast growing and evolving marketplace, providing authoritative market forecasts and analysis to highlight growth opportunities in the industry.”
The report analyses key drivers and trends leading to inkjet printing growth, segmented by:
Economic advantages
Flexibility
Digital capability of inkjet
New routes to market
New product functionality
Retail supply chain changes
Environmental performance
Inkjet value chain and profit pool
Barriers to adoption of inkjet
Inkjet markets beyond print and packaging (industrial, textiles, decorative)
Report author Sean Smyth has spent more than 25 years in senior technology and management positions for a variety of print businesses across the supply chain, where he applied systems and technology to improve efficiencies. He also serves in hands-on and consultancy roles. Sean has extensive experience in digital printing.
In his time with Smithers, Sean has authored several off-the-shelf market studies, including “The Future of Digital Print for Packaging” and Smithers’ flagship title, "The Future of Global Printing,” and provided strategic consultancy services to a range of clients across the value chain. He has authored several books and contributes regular technology columns and articles for the trade press.
The full report is for sale at £4,275.
