PUBLISHER: The Business Research Company | PRODUCT CODE: 1546622
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546622
UV inkjet printing utilizes ultraviolet (UV) light to cure ink as it is applied to a substrate, ensuring rapid drying and durability. This technology allows for vibrant colors and is compatible with diverse materials such as plastics, glass, and metals. It finds extensive application in signage, packaging, labeling, and industrial printing due to its high-quality results and strong adhesion, as well as resistance to fading and abrasion.
There are two primary types of UV inkjet printing solid inkjet and liquid inkjet. Solid inkjet employs solid ink blocks melted into liquid form within the printer and ejected through nozzles onto paper or other substrates. This versatile technology spans commercial and household uses, serving various industries including advertising, packaging, textiles, automotive, manufacturing, and more.
The UV inkjet printing market research report is one of a series of new reports from The Business Research Company that provides UV inkjet printing market statistics, including UV inkjet printing industry global market size, regional shares, competitors with a UV inkjet printing market share, detailed UV inkjet printing market segments, market trends, and opportunities, and any further data you may need to thrive in the UV inkjet printing industry. This UV inkjet printing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The UV inkjet printing market size has grown strongly in recent years. It will grow from $59.94 billion in 2023 to $54.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The increase during the historical period was driven by the adoption of hybrid printing systems, the expansion of on-demand printing services, the growth of e-commerce, advancements in textile printing, and the expansion of online retail.
The UV inkjet printing market size is expected to reach rapid growth in the next few years. It will grow to $81.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.32%. Anticipated growth in the forecast period is attributed to rising demand for customized printing solutions, increasing applications in packaging and labeling, the growing preference for environmentally friendly UV-curable options, expanding use of UV inkjet printers in industrial settings, and rising demand for versatile digital printing solutions. Key trends expected in the forecast period include technological advancements, hybrid printing systems, 3D UV printing, integration of UV inkjet printers with automated processes, and ongoing enhancements in UV ink formulations.
The increasing need within the packaging sector is anticipated to drive growth in the UV inkjet printing market in the future. The packaging industry encompasses the methods and technologies involved in creating, manufacturing, and applying packaging materials and labels to goods. The demand for UV inkjet printing in packaging stems from its capability to provide high-quality, adaptable, and environmentally friendly printing solutions that cater to the changing requirements of brand owners, converters, and consumers. UV inkjet printing enhances efficiency, quality, and sustainability in the packaging sector, enabling brands to achieve attractive and functional packaging solutions that align with modern consumer expectations. For instance, in May 2022, the VDMA (Verband Deutscher Maschinen- und Anlagenbau), a German Engineering Federation, reported that in 2021, the German food processing and packaging machinery industry experienced a revenue increase to €14.8 billion ($15.88 billion), marking a 7% rise from 2020. Therefore, the growing demand in the packaging industry is expected to drive the expansion of the UV inkjet printing market.
Major companies in the UV inkjet printing market are focused on advancing technologies such as UV inkjet digital printing systems to enhance printing speed and overall efficiency. These systems utilize UV-curable inks and digital inkjet technology to achieve high-quality prints on diverse substrates. For example, Komori Corporation, a Japan-based printing equipment manufacturer, introduced a 29-sheetfed UV inkjet digital printing system in April 2021. This system is designed to expand compatibility with various special substrates beyond conventional digital printing capabilities, featuring 1,200 x 1,200 dpi resolution, precise tone reproduction, and accurate registration. It offers instant curing, one-pass double-sided printing for immediate finishing, and optional functions such as a tape inserter or interfaces for post-press equipment connection. Moreover, it supports a wide range of sheet thicknesses and a broad color gamut capable of reproducing numerous special colors.
In April 2023, Kyocera Corporation, a Japan-based ceramics and electronics manufacturer, acquired NIXKA S.A.S. to bolster its digital printing business. This acquisition aims to drive innovation, leverage synergies, and tap into the increasing demand for customized, small-batch printing solutions, thereby fostering growth within both companies and the broader printing industry. NIXKA S.A.S., headquartered in France, specializes in producing inkjet print engines and UV inkjet printing systems.
Major companies operating in the uv inkjet printing market are 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.
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.
The countries 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.
The UV inkjet printing market consist revenues earned by entities by providing services such as signage printing, fine art and photography, interior decor, industrial printing, and label printing. The market value includes the value of related goods sold by the service provider or included within the service offering. The UV inkjet printing market also includes of sales of products including photographic prints, vehicle wraps, art and reproductions, and 3D objects. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
UV Inkjet Printing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on UV inkjet printing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for UV inkjet printing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The UV inkjet printing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.