Smithers, a leading provider of the print industry market research & analysis, has released its comprehensive report on the future of industrial and decorative digital printing. This indicates more growth for Inkjet. This report covers the use of printing outside traditional graphics, publications and packaging applications. The report provides valuable insights and data on the latest trends, innovations, and growth opportunities within the dynamic sectors. The industrial and decorative printing market is experiencing significant growth, driven by advancements in technology and the increasing demand for customised products. The market is projected to reach USD$112.9 billion by 2024, with a compound annual growth rate (CAGR) of 5.5 percent between 2024 and 2029.
Decor includes wall coverings, flooring, and home décor items. While the inkjet-printed textiles consist of fabrics for apparel, home textiles, and technical textiles and the sector of ceramics covers tiles, tableware, and sanitaryware. Other growing sectors which the new market report has covered is the printed electronics, which is a rapidly growing segment that focuses on applications such as flexible displays, sensors, and RFID tags. Another important segment is Glass: Includes architectural glass, automotive glass, and specialty glass products. Automotive printing is yet another segment which included interior and exterior components such as dashboards, door panels, and instrument clusters. Biomedical & life science printing and 3D printing are two such vibrant sectors which included prosthetics, tissue engineering, disruptive technology with applications in manufacturing, healthcare, and consumer products. Key trends and opportunities in the report focus on technologies such as inkjet, laser, and digital offset are driving innovation and expanding the range of applications.