Inkjet printers market to reach U$S62.5 bn by 2030

According to a latest market research, the global inkjet printers market is projected to expand at a robust growth rate of 5.1 percent from 2021 to reach around $US62.5 billion ($A85bn) by 2030. Drop on demand printers are estimated to grow at the fastest rate during the period. The growth of the advertising industry will contribute significantly towards the growth of the inkjet printer market. Also, in recent years, there has been a significant demand for packaging across the globe for the e-commerce transport and shipment, personal care, household care, food and beverages and healthcare.

The industrial segment of the inkjet printers market is estimated to lead the market with a market share of more than 25 percent in 2021. Based on the technology, the Inkjet Printers Market is divided into Continuous Inkjet, Drop on Demand, UV Inkjet and Others. The continuous inkjet printer in this segment is forecasted to contribute the largest revenues share of more than 40 percent in 2020 and is estimated to grow remarkably over the forecast period. During the forecast period, the Drop on Demand (DOD) inkjet technology printers are estimated to grow at the fastest rate owing to the beneficial features it provides such as reduced downtime, flexibility and functionality. Asia Pacific is witness to grow significantly over the forecast period owing to the availability of cheap labour and low manufacturing cost in this region.