Industrial Printing Market Size to grow by USD 95.8 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Industrial Printing Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: In the industrial printing sector, the market scope encompasses businesses manufacturing printing machinery and related components. Key market drivers include the expanding output in manufacturing industries, particularly in developing economies, fueling demand for energy, chemicals, pulp and paper, processed food and beverages, and other industrial sectors. Technavio estimates market size based on the consolidated revenue generated by machinery and component manufacturers catering to this industrial domain. - The Industrial Printing Market is experiencing significant growth, fueled by the Rise in demand for packaged food and beverage products. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Rise in demand for packaged food and beverage products
  • Increasing adoption of digital printing
  • Fluctuations in raw material prices used in industrial printing
  • High investments required in digital printing
• Growth Projections

The market size is estimated to grow by USD 95.8 billion, at a CAGR of 9.44% during the forecast period. In the industrial printing market, flexographic printing stands out as an economical solution for medium-to-long print runs, particularly for simple designs and color combinations. Its use of flexible plates allows for high line speeds, enabling the production of large orders in short lead times. Flexographic label printers offer cost savings through quick label production and less expensive ink compared to digital label printers. Additionally, this technology provides enhanced durability for long-shelf-life labels and the ability to change labels without additional costs. Fast-drying inks enable simultaneous color application, increasing production efficiency.

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• Regional Insights

The industrial printing market witnesses robust growth, driven by the increasing demand for customized and efficient production processes. Key industries, such as packaging, automotive, and construction, leverage advanced printing technologies to enhance product quality and streamline operations. Market players focus on innovation, sustainability, and cost-effectiveness to cater to evolving customer needs and maintain a competitive edge.

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