Technavio analyzes that the Inline Printing Market is expected to grow at a CAGR of 5.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1332.5 million.There are various factors that contribute to the growth of the market. The inline printing market is experiencing a significant surge due to the increasing number of product launches. Companies are capitalizing on the benefits of inline printing, such as reduced production time and cost, to bring new products to market more efficiently. This trend is expected to continue as more businesses adopt this technology to streamline their manufacturing processes.
The inline printing market caters to diverse industries, with packaging being a significant market segment. The packaging sector's growing demand for innovative, efficient, and sustainable solutions is propelling advancements in inline printing technology. At PACK EXPO Las Vegas 2023, Coesia showcased its automation and sustainability commitment, integrating equipment solutions tailored to packaging industry evolutions. A notable innovation was a pharmaceutical-specific pouch machine, featuring inline printing technology, which underscores Coesia's dedication to addressing the industry's unique needs. This technology offers flexibility in preprinted packages, advertising, promotional designs, and personalization through unique surfaces, thereby enhancing brand recognition and consumer appeal.
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Inline Printing Market Segmentation
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The Inline Printing Market caters to various retail markets by providing real-time design changes, track and trace capabilities, and customization for labeling and branding needs. This includes ingredient and warning information, late-stage customization, and flexibility for time-sensitive information such as sale prices. The converting process and filling stage benefit from inline printing's efficiency, allowing for unique surfaces, labeling variations in multiple languages, and instructions for various products. Advertising and promotional designs can also be personalized, enhancing consumer market appeal. Manufacturing processes are streamlined with inline printing's ability to handle late-stage customization and unique surface finishes.
The Inline Printing Market is a segment of the larger Industrial Machinery and Supplies and Components Market, which encompasses companies producing presses, machine tools, compressors, pollution control equipment, and other industrial machinery and components. According to Technavio, market size is determined by the consolidated revenue of machinery and component manufacturers catering to industrial applications. Factors fueling market expansion include increasing industrial production in process and discrete industries, driven by rising demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages in developing economies. Additionally, market growth is influenced by design modifications for enhanced branding, track and trace capabilities, and package printing in the retail sector, all of which streamline supply chain efficiency.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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