Inkjet Printing Market Size, Share, Growth, Trends, and Global Industry Analysis: By Printer Type (Single functional Printers, Multi-functional Printers, Large Format Printers, Industrial Inkjet Printers, Textile Inkjet Printers, and Inkjet Press), By Technology (Continuous Inkjet and Drop-on Demand (Thermal DOD and Piezoelectric DOD)), By Substrate (Plastic, Metal, Paper, Fabric, Ceramic, and Others), By End Use (Consumer, Institutional, and Industrial (Packaging, Publishing, Photography, Textile, and Advertisement)), and Region

The inkjet printing market was valued at US$ 98,593.7 million in 2023 and is poised to grow at a CAGR of 6.8% during the forecast period (2024-2030). Growing demand for digital printing in packaging, textiles, and advertising is propelling the market owing to its affordability and capacity to generate bespoke, high-quality results. Additional factors driving market expansion are the increased use of environmentally friendly printing solutions, such as water-based inks.

However, there are limitations: higher maintenance expenses and slower print rates than with conventional techniques. There are prospects in technology developments including industrial inkjet applications in electronics and healthcare, as well as 3D inkjet printing. Two major developments include the use of smart technology for real-time monitoring and increased efficiency, and the introduction of UV inkjet printing for quicker drying times.

Key Players

The inkjet printing market size is inclusive of several companies such as Canon Inc. (Japan), Epson (Japan), HP Inc. (U.S.), Brother Industries, Ltd. (Japan), Xerox Holdings Corporation (U.S.), Ricoh Company, Ltd (Japan), Konica Minolta, Inc. (Japan), Seiko Epson Corporation (Japan), Lexmark International, Inc. (U.S.), Oki Electric Industry Co., Ltd. (Japan), Roland DG Corporation (Japan), Toshiba Tec Corporation (Japan), Fujifilm Holdings Corporation (Japan), Domino Printing Sciences plc (U.K.), Hitachi Industrial Equipment Systems Co., Ltd. (Japan).

 Key Developments

• In 2017, Printify was an online platform that facilitates print-on-demand connections between online business owners and a network of printing partners. By utilizing inkjet printing technology to ensure efficient production, the firm facilitates the smooth integration and delivery of custom-designed items.
• In 2021, Epson unveiled the SurePress L-6534VW, a high-speed UV inkjet digital label press that offers improved productivity and print quality for label and packaging applications.

Inkjet Printing Market Segmentation

By Printer Type: Industrial Inkjet Printers are the most common kind in the market because of their extensive usage in a variety of sectors, including electronics, manufacturing, packaging, and automotive. These printers are perfect for large-scale production situations since they can print at high speeds and with excellent quality. The fact that industrial inkjet printers can handle a variety of materials, such as fabrics, metals, and plastics, adds to their versatility across a range of industries. They are also a popular option for companies looking for efficiency because of their capacity to provide accurate, customizable outputs with little maintenance and downtime, especially with the growing need for digital printing and automation.

By Technology: Drop on Demand (DOD) technology, especially Piezoelectric DOD, is the industry standard in the market. Its accuracy, effectiveness, and adaptability across a range of applications are what propel its supremacy. Piezoelectric DOD is perfect for high-resolution printing on a variety of substrates, including textiles, electronics, and packaging, since it gives you more control over droplet size and positioning, which improves print quality. Additionally, it reduces wasteful ink usage, increasing the economy. Continuous Inkjet is generally utilized in industrial applications that demand high-speed printing, including product labeling, whereas Thermal DOD is typically employed in consumer-level printers for lower-cost applications. However, due to its quality and versatility, DOD especially Piezoelectric is preferred.

By Substrate: Paper is the most widely used substrate in the market because it is widely used in many different industries, including publishing, labeling, packaging, and advertising. Paper is the recommended option for high-volume commercial and consumer printing since it is affordable, easily accessible, and compatible with a variety of inkjet printing processes. Because of its adaptability, it can print in both color and monochrome at high quality, satisfying the needs of companies that need to produce large quantities of printed goods. Other substrates, like as Fabric and Plastic, are becoming more popular, though, in niche markets like textile printing and flexible packaging, respectively. More sophisticated inkjet methods are needed for these materials, especially in industrial environments.

By End Use: Packaging is the leading end-use category in the market because of the growing need for short-run, high-quality, and customized packaging solutions. Inkjet printing offers the flexibility and accuracy required for dynamic designs and fast turnaround times, which is particularly useful given the growth of e-commerce and customer preferences for personalized and sustainable packaging. Digital printing also makes it possible to produce small batches of goods at a reasonable price, which makes it perfect for companies trying to cut waste and distinguish their packaging. Although customization trends are also driving growth in other areas, such as Textile and Advertisement, packaging applications remain the primary end-use market for inkjet technology due to its scalability and cost-effectiveness.