The UV inkjet printing market has demonstrated robust growth, rising from $59.94 billion in 2023 to $54.85 billion in 2024, achieving a CAGR of 9.8%. This growth is attributed to the rise of hybrid printing systems, on-demand printing services, and the increased use of e-commerce. The market is expected to continue its expansion, reaching $81.04 billion by 2028, with a CAGR of 10.32%. Factors fueling this growth include a growing demand for personalized printing, eco-friendly UV-curable inks, and versatility in industrial applications.
Major Driver In The UV Inkjet Printing Market
The UV inkjet printing market is expected to thrive as demand in the packaging industry grows. Offering high-quality, versatile, and sustainable printing solutions, UV inkjet printing meets the evolving needs of brand owners and consumers alike. Its efficiency and ability to produce attractive packaging are key drivers of its increasing adoption. The VDMA reported that the German food processing and packaging machinery industry achieved a revenue of €14.8 billion ($15.88 billion) in 2021, reflecting a 7% increase from 2020. The UV inkjet printing market, valued at $1 billion in 2023, is projected to grow to $1.3 billion in 2024 and reach $2 billion by 2028.
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UV Inkjet Printing Market Competitive Landscape
HP Inc., Canon Inc., Fujifilm Holdings Corporation, Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Seiko Epson Corporation, Konica Minolta Inc., Xerox Holdings Corporation, Brother Industries Ltd., Toshiba Tec Corporation, Heidelberger Druckmaschinen AG, Bobst Group SA, Agfa-Gevaert Group, Domino Printing Sciences plc, Roland DG Corporation, Electronics For Imaging Inc., Durst Group, Xaar plc, Phoseon Technology Inc., Inkcups Now Corporation, Kao Collins Inc., Squid Ink Manufacturing Inc.
Key UV Inkjet Printing Market Trend
The UV inkjet printing market is evolving with technologies such as UV inkjet digital printing systems to boost printing speed and throughput. These systems use UV-curable inks and digital technology for high-quality prints on various substrates. In April 2021, Komori Corporation, a Japan-based printing equipment manufacturer, launched a 29-sheetfed UV inkjet digital printing system. This system features high-resolution printing, instant curing, and one-pass double-sided printing, offering versatility with a wide color gamut and compatibility with various sheet thicknesses.
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UV Inkjet Printing Market Segmentation
The UV inkjet printing market covered in this report is segmented –
1) By Type: Solid Inkjet, Liquid Inkjet
2) By Application: Commercial Use, Home Use
3) By End-Use Industry: Advertising And Marketing, Packaging, Textiles And Apparel, Automotive, Manufacturing, Other End-Use Industries
By Geography:The regions covered in the UV inkjet printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the UV inkjet printing market in 2023.
The UV Inkjet Printing Global Market Report 2024 furnishes information about the global uv inkjet printing market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
