The Global Direct-to-Shape Inkjet Printers Industry showcases promising growth prospects, with an estimated value of USD 3.8 billion in 2022, projected to surge to USD 6.6 billion by 2030, guided by a robust 7.2% CAGR between 2022 and 2030. Constituting around 7.3% of the global inkjet printers industry worth USD 52.1 billion in 2022, this sector is a notable contributor to the printing industry.
Future Market Insights (FMI) analysis underscores a prospective 1.9 times expansion during the forecast period, generating attractive investment avenues for manufacturers. The North American region is poised to lead the way, boasting a significant 27.1% industry share in 2022. FMI’s projections also indicate a promising 6.5% year-on-year growth between 2022 and 2023 in global consumption of direct-to-shape inkjet printers. Plastic substrates and solvent-based inks are expected to emerge as key drivers, further enhancing the market’s growth trajectory.
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Growth Drivers:
- Customization Demand: Increasing demand for personalized and customized printing solutions is driving the growth of direct-to-shape inkjet printers, allowing businesses to offer unique and tailored products.
- Cost Efficiency: Direct-to-shape inkjet printers offer cost-effective printing solutions, reducing operational expenses for businesses compared to traditional printing methods, fostering market growth.
- Rising Product Labeling Needs: The need for efficient and high-quality product labeling is a significant driver, as direct-to-shape inkjet printers enable precise and detailed printing directly onto various surfaces.
- Technological Advancements: Continuous advancements in inkjet printing technology, including improved resolution and faster printing speeds, are propelling the adoption of direct-to-shape printers in various industries.
- Sustainable Printing Practices: Growing awareness of environmental sustainability is driving the adoption of direct-to-shape inkjet printers, as they often involve eco-friendly ink formulations and reduce waste compared to traditional printing methods.
Business Trends:
- Industry 4.0 Integration: The integration of direct-to-shape inkjet printers with Industry 4.0 technologies is a notable trend, enhancing automation, connectivity, and data exchange for streamlined and efficient printing processes.
- Rise in On-Demand Printing Services: Businesses are increasingly adopting on-demand printing services using direct-to-shape inkjet printers, allowing them to respond quickly to market demands and reduce excess inventory.
- Market Consolidation: The direct-to-shape inkjet printer market is witnessing consolidation as key players engage in mergers and acquisitions to strengthen their market position and expand their product portfolios.
- Focus on Versatility: Manufacturers are developing versatile direct-to-shape inkjet printers that can handle a variety of shapes, sizes, and materials, catering to the diverse needs of different industries.
- Increased Emphasis on User-Friendly Interfaces: User-friendly interfaces and intuitive controls are emerging as a trend, making direct-to-shape inkjet printers more accessible and user-friendly for a broader range of businesses and operators.
Growing demand for products with complex designs and customized goods also propels the sales of DTS inkjet printers in the global market. Furthermore, the use of UV-curable inks, prevents print quality degradation due to exposure to UV rays, by direct-to-shape inkjet printers is expected to propel the market over the forecast period. All these factors are expected to expand the market for direct-to-shape inkjet printers during the forecast period.
“Rising drive for sustainability and the DTS inkjet printers’ ability to meet this demand due to the use of eco-friendly inks will supplement the growth in the market over the forecast period,” says an FMI analyst.
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Key Takeaways:
- Solvent-based ink type in the direct-to-shape inkjet printers industry is expected to register a CAGR of 9.6%
- Bottles will account for nearly 26.6% of the market share in the application category
- Direct-to-Shape inkjet printers account for 7.3% of the inkjet printers’ value of US$ 52.1 Bn.
- North America is estimated to dominate the industry with a share of 27.1% in 2022.
- East Asia’s direct-to-shape inkjet printer market will continue growing at a healthy rate of 8.8% market through 2032.
- South Asia will exhibit a robust CAGR of 9.6% over the forecast period.
- Europe is anticipated to record a 23.4% growth rate in the market through 2032.
More Insights into the Direct-to-Shape Inkjet Printers Market Report
In its latest report, FMI offers an unbiased analysis of the global direct-to-shape inkjet printers market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and range, the market is segmented based on ink type (solvent-based, water-based, UV curing link), substrate type (plastic, glass, metal, paper, wood, fabric), application (bottles, cans. Drums, tubes, folding cartons, & others), end use (food, beverages, pharmaceuticals, cosmetics, personal & home care, chemical, & others), and region.
By application, bottles are expected to dominate the direct-to-shape inkjet printers market for the forecast period. Estimated to account for nearly 26.6% of market share, bottles are considered absolute barriers which avoid the risk of ink migration. The food and beverages sector much prefers bottles for packaging.
Solvent-based ink type is fade-proof, scratch-resistant, and waterproof. These properties aid market domination of this ink type. It is expected to exhibit a CAGR of 9.6% during the assessment period.
North America is expected to lead the market in terms of region. This is primarily due to the prevalent packaging trends in the U.S.
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Market By Category
By ink type:
- Solvent Based
- Water Based
- UV Curing Inks
By substrate type:
- Plastic
- Glass
- Metal
- Paper
- Fabric
- Wood
By application:
- Bottles
- Cans
- Drums
- Tubes
- Folding Cartons
- Others (Bags, Trays etc.)
By end use:
- Food
- Beverages
- Pharmaceutical
- Cosmetics
- Personal Care & Homecare
- Chemical
- Others (Automotive, etc.)
By region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
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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