In 2014 inkjet ink sales will be $6.2 billion, some 57,500 tonnes, while printers and converters will spend a total of $3.3 billion on new inkjet presses and equipment. Prospects for growth in all sectors are very positive.
The new study - The Future of Inkjet Printing to 2019 - examines the global markets for inkjet print and printed packaging from 2009 to 2019, together with the key supplier sectors for new inkjet print equipment and inkjet inks. The study investigates the current and likely future technology developments that will shape the inkjet market over the next five years, providing market data from 2009 and forecasts to 2019, in both value and volume terms.
Inkjet is an enabling technology that can significantly improve print supply chains by reducing the cost of short runs and printing on-demand, as well as providing an array of new opportunities in printing.
The first printing sector that saw the wide use of inkjet was visual communications, a sub-sector of advertising print, where screen printing companies rapidly adopted wide-format inkjet as a more cost-effective alternative for short runs. Advertising has remained the most important application for inkjet, making up the largest value share of the market. In 2009 it accounted for 70.5% of the inkjet market share, falling to 58.7% in 2014, and it is set to fall further by 2019, at less than 46%, as other applications mature.
FIGURE 1 Global inkjet printing and printed packaging markets by application 2009-2018 ($ billion constant 2013 values and exchange rates)
Source: Smithers Pira
A key strength of inkjet is the non-impact nature of the imaging that allows huge flexibility in the range of printing systems and the variety of inks and fluids that can print on to almost any substrate, including irregularly shaped objects. This capability has opened up many possibilities for the use of inkjet in packaging, with this market sector forecast to grow at an average annual growth rate of 15.9% from 2014 to 2019.
Based on extensive primary research, The Future of Inkjet Printing to 2019 presents global inkjet market data, forecasts and trends, along with providing expert analysis on the key drivers and barriers for the adoption of inkjet, and an insight into the technology developments that are shaping the inkjet market.
The Future of Inkjet Printing to 2019 is available to order now at the pre-publication price of £3,555. This offer expires on Tuesday, 30th September. For more information, please contact Stephen Hill at +44 (0) 1372 802025 or via e-mail at firstname.lastname@example.org