At 8.6% CAGR, Asia Pacific Industrial Inkjet Printers Market is Projected to be worth US$ 3,602.30 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific industrial inkjet printers market was valued at US$ 1,860.85 million in 2023 and is expected to reach US$ 3,602.30 million by 2031, registering a CAGR of 8.6% from 2023 to 2031. Increasing government regulations on packaging and technological advancements in industrial inkjet printers are among the critical factors attributed to drive the Asia Pacific industrial inkjet printers market growth.

Government regulations on packaging, mostly regarding labeling, environmental sustainability, and traceability, are significantly growing across numerous sectors. Governments of various countries across the globe are mandating clearer, more detailed labeling on products, including expiration dates, nutritional information, batch numbers, and barcodes. These requirements are particularly stringent in sectors such as food and beverages, consumer goods, chemicals, and pharmaceuticals, where consumer safety is crucial. Governments of various countries across the globe are also taking measures to ensure reduced plastic use, recycling, and eco-friendly packaging materials through regulations. As a result, manufacturers use inkjet printers that can print on sustainable materials, such as biodegradable films, paper, and compostable plastics. Also, inkjet printers can use eco-friendly, water-based, or low-VOC (volatile organic compound) inks to meet these requirements. For example, in February 2022, India's Central Pollution Control Board (CPCB) declared a few guidelines on plastic waste management, which affects businesses using plastic packaging material, such as courier bags. Therefore, the increasing government regulations on packaging drive the industrial inkjet printers market.

On the flip side, the availability of various alternatives hamper the growth of Asia Pacific industrial inkjet printers market.

By type, the Asia Pacific industrial inkjet printers market is segmented into continuous inkjet and drop on demand inkjet. The drop on demand inkjet segment held 57.8% share of Asia Pacific industrial inkjet printers market share in 2023, amassing US$ 1,075.14 million. It is projected to garner US$ 1,879.29 million by 2031 to register 7.2% CAGR during 2023–2031.

In terms of industry, the Asia Pacific industrial inkjet printers market  is segmented into food & beverages, pharmaceutical, cosmetic & personal care, electronics & semiconductors, textiles, automotive, advertisement & publishing, and others. The food & beverages segment held 21.1% share of Asia Pacific industrial inkjet printers market share in 2023, amassing US$ 392.72 million. It is projected to garner US$ 843.74 million by 2031 to register 10.0% CAGR during 2023–2031.

Based on country, the Asia Pacific industrial inkjet printers market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.5% share of Asia Pacific industrial inkjet printers market in 2023. It was assessed at US$ 586.06 million in 2023 and is likely to hit US$ 1,177.95 million by 2031, registering a CAGR of 9.1% during 2023–2031.

Key players operating in the Asia Pacific industrial inkjet printers market are Brother Industries Ltd; Canon Inc; CTC Japan Inc; Docod Precision Group Limited; FUJIFILM Holdings America Corporation; Hitachi Industrial Equipment & Solutions America, LLC; HP Development Company L.P; Industrial Inkjet Ltd.; InkJet, Inc; KYOCERA Corporation; Lexmark International Inc; Linx Printing Technologies; Markem-Imaje; Pannier Corporation; REA Elektronik GmbH; Seiko Epson Corp; Squid Ink Manufacturing; Videojet Technologies Inc; Weber Marking Systems GmbH; and Xerox Corporation, among others.

• April, 2024: Canon announced the launch of the ProStream 2000, a new series of web-fed inkjet presses for business communications print service providers looking for an attractive cost/performance ratio for applications on media up to 150 gsm and on uncoated papers.

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