October 02, 2024 07:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, Del, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The Direct-to-shape Inkjet Printer Market is projected to grow from USD 3.2 billion in 2024 to USD 4.0 billion by 2034, reflecting a CAGR of 2.3% over the forecast period. This market growth is driven by increased demand for customizable packaging solutions and advancements in digital printing technologies, allowing manufacturers to print directly on various surfaces. Kraft Paper Tea Stand Up Pouches
Direct-to-shape inkjet printers are becoming increasingly popular in industries like food & beverage, cosmetics, and consumer goods, where personalized, high-quality packaging is essential. These printers offer flexibility in design and allow for on-demand printing, reducing waste and enhancing production efficiency.
Technological advancements in the Thermal Inkjet Inks industry have enabled faster printing speeds, improved print resolutions, and enhanced capabilities to print on complex surfaces. This progress is particularly prominent in regions like North America and Europe, where the demand for sustainable and efficient printing technologies is high. Thermal inkjet inks, known for their eco-friendly properties and precision, are increasingly being adopted in various industries to meet these demands, driving growth in both markets.
In the coming decade, the market will face challenges, including the high initial costs of advanced inkjet systems and maintenance. However, the cost-effectiveness and eco-friendliness of direct-to-shape printing solutions will continue to drive their adoption across multiple sectors.
The increasing demand for eco-friendly packaging, the shift toward personalized consumer products, and the rise of Industry 4.0 in manufacturing processes are key drivers fueling the growth of the Direct-to-shape Inkjet Printer Market. Opportunities also exist in emerging economies where industrial printing processes are being modernized.
Sustainability trends are playing a pivotal role, with direct-to-shape inkjet printing reducing the need for additional labels and adhesives, thereby minimizing material usage. Innovations in ink formulations, such as water-based, UV-curable, and continuous inkjet inks, are driving environmentally friendly printing solutions. Continuous inkjet inks, known for their durability and efficiency, further contribute to reducing waste, making them a key component in the shift towards sustainable printing practices.
Additionally, advancements in automation and software for direct-to-shape printing offer opportunities for market players to enhance their productivity and deliver more customized solutions.
Key Takeaways from the Market Study:
“The direct-to-shape inkjet printer market is poised for strong growth, driven by rising demand for personalized products and sustainable solutions. Its cost-effectiveness, combined with advancements in UV-curable inks and digital transformation, positions it as a key technology for manufacturers seeking efficient, eco-friendly printing,” says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Direct-to-shape Inkjet Printer Market: Report Scope
Market's Prime Determinants of Growth, Trends, and Opportunities:
Key Companies & Market Share Insights:
Leading companies in the Direct-to-shape Inkjet Printer Market include:
These companies are focusing on technological innovations and strategic partnerships to expand their market presence and enhance their product portfolios.
Country-wise Analysis of the Direct-to-Shape Inkjet Printer Market:
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Old Publication: https://finance.yahoo.com/news/direct-shape-inkject-printers-market-002000900.html
The direct-to-shape inkjet printer market is expected to grow from $3.2 billion in 2024 to $4.0 billion in 2034, registering a compound annual growth rate of 2.3% during the forecast period. This market growth is driven by increased demand for customizable packaging solutions and advances in digital printing technologies that allow manufacturers to print directly onto various surfaces.
Direct-to-shape inkjet printers are becoming increasingly popular in industries such as food and beverage, cosmetics and consumer goods, where personalized, high-quality packaging is essential. These printers offer design flexibility and enable on-demand printing, reducing waste and increasing production efficiency.
Technological advances in the thermal inkjet ink industry have enabled faster printing speeds, improved print resolutions and expanded capabilities for printing complex surfaces. This progress is particularly pronounced in regions such as North America and Europe, where demand for sustainable and efficient printing technologies is high. Thermal inkjet inks, known for their environmentally friendly properties and precision, are increasingly being used across various industries to meet this demand, driving growth in both markets.
In the coming decade, the market will face challenges, including the high acquisition costs of modern inkjet systems and their maintenance. However, the cost-effectiveness and environmental friendliness of direct-to-shape printing solutions will continue to drive their adoption across many industries.
The increasing demand for eco-friendly packaging, the trend towards personalized consumer products and the rise of Industry 4.0 in manufacturing processes are the key drivers driving the growth of the direct-to-shape inkjet printer market. Opportunities also arise in emerging countries where industrial printing processes are being modernized.
Sustainability trends play a crucial role. Direct-to-shape inkjet printing reduces the need for additional labels and adhesives, thereby minimizing material consumption. Innovations in ink formulations such as water-based, UV-curable and continuous inkjet inks are driving environmentally friendly printing solutions. Continuous inkjet inks, known for their durability and efficiency, further help reduce waste, making them a key component in the shift to sustainable printing practices.
Additionally, advances in automation and software for direct-to-shape printing offer market participants the opportunity to increase productivity and offer more customized solutions.
Key findings from the market study:
Key market factors for growth, trends and opportunities:
Key Companies and Market Share Insights:
The leading companies in the direct-to-shape inkjet printer market include:
These companies focus on technological innovations and strategic partnerships to expand their market presence and expand their product portfolio.
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.
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