The printing machinery market is expected to witness significant growth, with a projected valuation of US$ 22,814.9 million by 2023, and it is estimated to reach US$ 38.5728 billion by 2033, exhibiting a robust compound annual growth rate (CAGR) of 4.7%.
Germany has emerged as the frontrunner in the European market for instruments, appliances, and their components. This manufacturing prowess has had a notable impact on the demand for labeling in printing machinery across Europe. In 2022, Germany secured a significant market share of 6.1%, reflecting its strong presence and influence in this sector.
A distinguishing feature of Germany’s contribution to the printing machinery industry is its emphasis on eco-friendly practices. Leading players in the country are focusing on the production of labeling solutions with biodegradable properties, often employing paper and paperboard substrates. This eco-conscious approach aligns with the growing global awareness of sustainability and environmental concerns.
As a result, the printing machinery industry in Germany is poised for expansion, with an anticipated incremental growth opportunity of 1.2 times during the forecast period. This growth reflects both the country’s commitment to eco-friendly production and its capacity to meet the rising demand for labeling solutions in the European market.
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Recent Developments:
- In December 2021, Fujifilm Holdings Corporation unveiled its first Revoria Press PC 1120 Production printer in India. This launch is an outcome of the company’s collaboration with its partner Insight Print Communication Pvt. Ltd.
- In December 2021, Komori Corp. and Spectrum Printing captured the award for best folding carton case study in the digital packaging summit. The summit was held at Ponte Vedra Beach, Florida in 2021.
- In October 2021, HP Inc. launched all-around ENVY inspire home printer, designed for a family’s hybrid lifestyle. It is a significantly versatile home printer manufactured by the company. It is made while keeping sustainability in mind & contains over 45% recycled plastic content.
Enlisted below are the Top Manufacturers and Suppliers of Printing Machinery
- Agfa-Gevaert Group,
- Océ Imagistics, Inc.,
- Bobst Group SA,
- Fujifilm Holdings Corporation,
- Heidelberger Druckmaschinen AG,
- Hewlett Packard Enterprise Company,
- Koenig & Bauer AG,
- Komori Corporation,
- Apex Machine Company Inc., and
- Cerutti Group
Trends Shaping the Market
Digital Transformation: Redefining Printing
The advent of digital printing technology has revolutionized the industry. Unlike traditional methods that involve complex setups and long lead times, digital printers allow for on-demand printing with minimal setup requirements. This has opened doors to personalized printing, shorter print runs, and reduced waste.
Sustainability: Green Printing Solutions
As environmental consciousness grows, the Printing Machinery Market is witnessing a surge in demand for eco-friendly solutions. Manufacturers are incorporating sustainable practices, such as using biodegradable inks and energy-efficient equipment, to meet the evolving needs of environmentally conscious consumers.
will remain active in the expansion of the global printing machines market through 2026.
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Printing Machinery Market by Category
By Product Type:
- Offset Lithography
- Flexography
- Screen
- Gravure
- Letterpress
- Digital
- Others
By Substrate Type:
- Plastic
- Paper & Paperboard
- Metal
- Other Substrates (Wood, Glass, Fabric)
By Application:
- Packaging & Labels
- Books
- Newspaper & Magazines
- Commercial Printing & Others
- Advertising
- Office Stationaries
By End Use:
- Commercial
- Publication
- Packaging
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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