The printing machinery market is anticipated to attain a value of US$ 22,814.9 million by 2023, with a further surge projected to reach US$ 38,572.8 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 4.7%. Over the next decade, the industry is poised for substantial expansion, driven by technological advancements and growing demand for printing solutions across various sectors. This upward trajectory underscores the sector’s resilience and adaptability, aligning with the evolving needs of businesses and consumers globally. The market’s continual growth signals a dynamic landscape, presenting opportunities for innovation and development within the printing industry.
The increasing need for packaging converters and consumer brands to customize their marketing communications has opened up significant avenues for the digital printing industry. This trend has simultaneously generated expansive opportunities for digital ink manufacturers within the packaging market, highlighting a symbiotic relationship where the demand for personalized printing solutions propels advancements in digital ink technologies.
India is poised to emerge as a major stakeholder in the Asia Pacific printing machinery market by 2033, with a projected growth rate of 7.6% CAGR over the forecast period. The expanding footprint and deeper penetration of value-added industries in manufacturing are anticipated to create lucrative prospects, prompting printing machinery manufacturers to enhance their revenue streams in the Indian market. Additionally, as reported by FMI, India has witnessed a consistent upswing in the demand for sustainable packaging over the past decade. The escalating production demands for advertising materials, office stationery, books, labels, and packaging in India have concurrently fueled the need for eco-friendly and biodegradable solutions, contributing to the global growth of the printing machinery market.
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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
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.
Paper & Paperboard is a Preferred Substrates in the Printing Machinery Industry
The widespread use of paper and paperboard in commercial printing, books, newspapers, magazines, packaging, and labeling is driven by its advantageous characteristics, including durability, recyclability, and packaging convenience. Globally, there has been a substantial surge in demand for paper and paperboard substrates, leading to a transformative impact on the packaging industry. The ease of storage, handling, and usage has significantly influenced the preference for paper and paperboard substrates. Consequently, the utilization of paper and paperboard substrates in printing machinery is anticipated to witness a 1.4-fold increase by the conclusion of 2033.
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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
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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