Press release from the issuing company
LEATHERHEAD, Surrey, UK and AKRON, Ohio, USA – Supply chain and print buying changes, combined with technology advances mean digital print – and inkjet in particular – is now the most important print segment for innovation and market growth. The outlook for this is profiled in a new detailed market data study – The Future of Inkjet Printing to 2027 – authored by Smithers print consultant Sean Smyth.
In contrast to competing analogue processes, inkjet is forecast for strong future growth for a global market worth $86.8 billion in 2022. A compound annual growth rate (CAGR) of 8.2% for 2022-2027 will drive this value to $128.9 billion in 2027. While inkjet is well established in some lower-run applications, faster presses mean that it is becoming more cost-competitive for longer print runs, even as many customers have revised their print buying strategies. This is reflected in the volume of inkjet prints, which will rise from 1.0 trillion A4 print equivalents (2022) to 1.7 trillion (2027) – equivalent to a 10.0% CAGR for 2022-2027.
The greatest expansion will come in packaging applications with installations of the latest dedicated presses for corrugated, cartonboard and flexible substrates. Inkjet is also broadening its market with double-digit growth forecast across the same period in commercial print, books, catalogues, magazines and directories. As the technology suite for inkjet improves it is increasingly pushing electrophotography (toner) print out of several core markets.
Smithers’ comprehensive market data is combined with critical analysis of the technical developments that will shape and support the future evolution of inkjet printing:
These – along with complimentary market trends – are examined in-depth in the new Smithers study The Future of Inkjet Printing to 2027.
Its comprehensive market data forecasts are presented in over 250 data tables and figures, segmenting this dynamic sector by: End-use application (Books, Magazines, Newspapers, Directories, Catalogues, Advertising Print, Commercial Print, Photobooks, Transactional print, Security print, Graphics, Labels, Packaging, and eight functional/industrial print markets; Ink type (Solvent, Water-based, Radcure, Other); Eight geographic regions (North America, Latin America, Western Europe, Eastern Europe, Asia, Africa, Australasia, The Middle East) and 58 leading national markets worldwide.
The authoritative technical and market guide is available to purchase now, priced $6,750 (€5,950, £4,950).
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