How Is The Global UV Inkjet Printing Market defined?
UV inkjet printing refers to a printing technology that uses ultraviolet (UV) light to cure or dry ink as it is printed onto a substrate. This process enables fast drying and curing of the ink, resulting in vibrant colors, high durability, and the ability to print on a wide range of materials, including plastics, glass, metal, and more. UV inkjet printers are widely used in signage, packaging, labeling, and industrial printing because they produce high-quality prints with excellent adhesion and resistance to fading and abrasion.
UV Inkjet Printing Global Market Report 2024 provides data on the global uv inkjet printing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The uv inkjet printing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global UV Inkjet Printing Market Size And Annual Growth Rates?
The UV inkjet printing market has shown robust growth, increasing from $59.94 billion in 2023 to $54.85 billion in 2024 at a CAGR of 9.8%. Growth drivers in recent years include a rise in hybrid printing systems, growing demand for on-demand printing services, increased use of e-commerce, expansion in textile printing, and the growth of e-commerce applications. Looking forward, the market is expected to grow to $81.04 billion by 2028 at a CAGR of 10.32%, driven by rising demand for customized and personalized printing, growing applications in packaging and labeling, the increasing popularity of environmentally friendly UV-curable inks, and the expanding use of UV inkjet printers in industrial applications. Key trends include technological advancements, hybrid printing systems, 3D UV printing, automation integration, and the development of advanced UV ink formulations.
Which Key Drivers Are Propelling The UV Inkjet Printing Market's Growth?
The growing demand in the packaging industry is expected to accelerate the growth of the UV inkjet printing market. The packaging industry involves the design, production, and application of packaging materials and labels on products. The demand for UV inkjet printing in packaging is driven by its ability to offer high-quality, versatile, and sustainable printing solutions that meet the needs of brand owners, converters, and consumers. UV inkjet printing boosts efficiency, quality, and sustainability, enabling brands to create attractive and functional packaging. In May 2022, the German Engineering Federation (VDMA) reported that in 2021, the German food processing and packaging machinery industry saw revenues rise to €14.8 billion ($15.88 billion), an increase of 7% compared to 2020. As a result, the increasing demand within the packaging industry is expected to fuel the growth of the UV inkjet printing market.
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What Are The Key Segments Within The Global UV Inkjet Printing Market?
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
How Are New Trends Impacting The Size Of The UV Inkjet Printing Market?
In the UV inkjet printing market, leading companies are developing technologies like UV inkjet digital printing systems to enhance printing speeds and throughput. These systems use UV-curable inks and inkjet technology to produce high-quality prints on various materials. For instance, in April 2021, Japan’s Komori Corporation introduced a 29-sheetfed UV inkjet digital printing system. This system offers superior compatibility with various substrates, producing prints with a 1,200 x 1,200 dpi resolution, exceptional tone reproduction, and accurate registration. It features instant curing, one-pass double-sided printing, and optional functions such as tape insertion, catering to a broad range of special substrates.
Which Region Drives The Highest Growth In The UV Inkjet Printing Market?
North America was the largest region in the UV inkjet printing market in 2023. The regions covered in the UV inkjet printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
