Industrial Inkjet Printers Market is expected to reach US$ 11.22 Billion by 2031

Increasing Government Regulation on Packaging Fuels Industrial Inkjet Printers Market Growth

According to our latest market study on "Industrial Inkjet Printers Market Forecast to 2031 – Global Analysis – by Type, and Industry," the industrial inkjet printers market was valued at US$ 6.71 billion in 2023 and is projected to reach US$ 11.22 billion by 2031. It is expected to register a CAGR of 6.63% from 2023 to 2031. The report includes growth prospects in light of current industrial inkjet printers market trends and driving factors influencing the market growth.

The geographical scope of the industrial inkjet printers market report is divided into North America (US, Canada, and Mexico), Europe (France, Italy, Germany, UK, Russia, and Rest of Europe), Asia Pacific (Australia, India, China, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, South Africa, Egypt, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Industrial Inkjet Printers Market Share — by Region, 2023

Source: The Insight Partners Analysis

The North America industrial inkjet printer market is segmented into the US, Canada, and Mexico. The region is experiencing a rise in its packaging industry owing to the growing e-commerce sector. For example, according to the Mexican Association of Online Sales (AMVO), Mexico experienced a 24.6% increase in online sales in 2023 compared to the previous year. The rise in e-commerce sales indicates more products being packed, shipped, and delivered. This generates the need for various packaging materials such as boxes, labels, and bags, which need to be printed with product information, barcodes, and QR codes. Industrial inkjet printers are used to print technology for the packaging of e-commerce products. As North America has a robust packaging industry, the demand for industrial inkjet printers is increasing. In addition, inflation, labor shortages, material scarcity, and environmental concerns are all issues that must be addressed by printing companies. To sustainably grow their businesses, market players are adopting digital printing technology. For example, in March 2024, Dscoop Edge, HP Inc. announced the latest lineup of HP digital printing presses and intelligent solutions designed to address the production challenges associated with commercial printing, labels, and packaging industries.

The Europe industrial inkjet printer market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe has a robust automotive industry. For example, according to the European Automobile Manufacturers' Association, or ACEA, in May 2023, each year, 66 million passenger cars are sold worldwide. The European Union accounts for 14.1% of global registrations, with over 9 million new vehicles. In addition, according to ACEA, in August 2023, there were 322 automobile assembly, engine, and battery production plants in Europe in 2022—an increase from 301 plants in 2021. Thus, automotive manufacturers require accurate traceability and identification for the parts and tools they use and sell, leading to an increased demand for inkjet technology. Industrial inkjet printers are used in automotive production plants to code a specific part number of individual components for better traceability. Aside from vehicle components, the automotive industry frequently requires coding and marking solutions for other materials, such as cardboard boxes used for component packaging.

In recent years, Industry 4.0 has been rapidly changing the global manufacturing landscape, introducing an era of digital transformation and smart production. For analysis and real-time monitoring of printing processes, technologies such as artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and robotics are being integrated into industrial inkjet printers. As IoT-enabled inkjet printers connect to a network of devices, data flows effortlessly across the production line. AI algorithms process this data, which enhances the capabilities of inkjet printers and enables them to operate in a digital ecosystem. The integration of Industry 4.0 and inkjet printing signifies a significant shift from traditional, isolated printing processes to a fully digitized, integrated approach. Industry 4.0 technologies can optimize and automate printing processes, which leads to faster production rates. Thus, the industrial inkjet printers market size is likely to surge by 2030 owing to the introduction of Industry 4.0.

The drop on demand segment accounted for 57.9% of the industrial inkjet printers market share in 2023, and it is anticipated to maintain its dominance during the forecast period. Continuous inkjet printers are projected to record the highest CAGR during the forecast period. The continuous inkjet (CJI) printer continuously ejects tiny droplets of ink via a small nozzle. Each droplet is electrically charged on the basis of the desired print pattern. This electric field deflects the charged droplets, directing them onto the substrate. The ink dries instantly on the substrate and results in a clean print. These printers can print on numerous substrates, such as paper, plastic, metal, etc. The ability of CJI inkjet printers to create continuous streams of ink makes them ideal for high-speed production lines. CIJ printers are known for their reliability and minimal maintenance requirements. These printers are in high demand for performing high-speed printing for tasks such as date coding, lot numbering, or general product marking. CIJ printers generally have a lower initial cost compared to DOD inkjet printers, making them a budget-friendly choice for the market players across various industries.

In terms of revenue, Asia Pacific dominated the market in 2023, and North America accounted for the second largest market share in 2023. In North America, the US, Canada, and Mexico are considered technologically advanced nations. With the rise in automation, the demand for a low-cost inkjet printer for industrial marking that can print the batch number, manufacturing date, expiry date, MRP, barcode, and other product information is also increasing. Industries such as consumer-packaged goods, pharmaceuticals, and industrial goods are highly focused on increasing productivity in their business operation. As a result, the printer market players are engaged in innovating and developing the printer to cater to this demand. For example, in March 2023, Videojet launched the new Videojet 1580 + CIJ printer designed to deliver consistent uptime, assess fluids consumption, and offer guidance to help ensure error-proof operation—while printing codes, dates, and other variable data on products and packaging. This printer features built-in Wi-Fi to minimize IT workload, reduce the cost of connecting equipment to a network, and enhance the printer's mobility. Thus, inkjet technologies provide enhanced quality, versatility, productivity, and sustainability, which drives the launch of inkjet technology-based printers, further contributing to the growing industrial inkjet printers market size in North America.

The US industrial inkjet printer market is gaining traction owing to factors such as the increasing demand for efficient printing solutions, growing e-commerce sales, and rising requirements from the manufacturing industry. E-commerce and manufacturing industries are widely using industrial inkjet printers as they can print at high speeds, making them suitable for production environments where time is critical. These printers are used for printing date codes, batch codes, manufacturer and expiration dates, and other information. Moreover, government investment in sustainable packaging solutions is expected to create an opportunity for the industrial inkjet printers market growth during the forecast period. For example, in September 2024, the US Department of Commerce's Economic Development Administration (EDA) awarded a US$ 500,000 grant to the University of Wisconsin-Stevens Point in Stevens Point, Wisconsin, to support the expansion of the environmental sustainability of the packaging industry in Wisconsin. In September 2023, sustainable materials company Paptic announced that it had raised US$ 25 million in equity financing aimed at growing the company’s development of packaging materials as well as scaling up its ability to serve global customers. Such investment drives the demand for industrial inkjet printers that can utilize water-based inks or other eco-friendly formulations. This aligns with sustainability goals, allowing manufacturers to produce packaging without harmful solvents, thus reducing their carbon footprint. Furthermore, the market players are focused on launching advanced solutions to cater to the demand from the medical and packaging industries. For example, in April 2022, Markem-Imaje (a Dover Company)—the global provider of end-to-end supply chain solutions and industrial marking and coding systems—announced the global launch of the 9750 continuous inkjet printer.

Videojet Technologies, Inc.(Veralto Corp.); Brother Industries, Ltd.; Docod Precision Group Co., Ltd.; Canon Inc.; REA Elektronik GmbH; CTC Japan, LTD.; FUJIFILM Holdings America Corporation; InkJet, Inc.(Cyklop International); HP Development Company L.P.; Xerox Corporation; Seiko Epson Corporation; Hitachi Industrial Equipment & Solutions America, LLC; Lexmark International, Inc.(Ninestar Corporation); Markem-Imaje (Dover Corporation); Weber Marking Systems GmbH; Squid Ink (Engagge Technologies Corporation); Pannier Corporation; KYOCERA Document Solutions Inc.; and Linx Printing Technologies (Veralto Corp.) are among the prominent players profiled in the industrial inkjet printers market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The industrial inkjet printers market analysis is carried out by identifying and evaluating key players in the market across different regions.

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