Some of the key industrial applications of Inkjet Printing Market include ceramics, textile printing, industrial glass decoration, 3D printing, and the production of display screens. The inkjet technology is increasingly viewed as more than just a marking or a printing technology. The potential benefits of using inkjet printing include the provision of high-quality output, reduction of manufacturing costs, reduction in inventory, mass customization, reduction of waste, printing onto very small, non-flat, or fragile substrates, and faster prototyping. The key technologies used for inkjet printing include continuous ink jet printing technology and drop-on-demand inkjet printing technology.
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The Asia Pacific inkjet printing market is expected to exhibit the highest growth between 2018 and 2024 due to the significant growth in industrialization giving rise to the rapid emergence of new players in the textile printing industry. China is the world’s largest textile exporter with nearly 40% of the world’s clothing and textile exports. With an extensive base of textile manufacturers in India and China, the demand for advanced inkjet printers in the Asia Pacific market is expected to consistently increase during the forecast period.
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Companies operating in the inkjet printing market are focusing on developing innovative inks to facilitate the advanced commercial inkjet printing. For instance, in August 2017, Xerox, one of the leading global providers of printing technology, introduced the Xerox Trivor 2400 High Fusion Inkjet Press. The innovative ink produces high-quality results by enabling inkjet printing on an offset coated stock, eliminating the need for intermediate coating, primers, or hardware.
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The key players are also emphasizing on increasing their production capacity by strategically opening new plants. For instance, in August 2017, Epson Precision (Philippines), Inc., a manufacturing arm of the Seiko Epson Corporation opened a new plant in the Philippines. The new plant was intended for increasing Epson’s inkjet printer and projector production. Some of the key players in the inkjet printing market are Epson, Xerox, Canon, Hewlett-Packard (HP), Fujifilm, Konica Minolta, Orbotech, Biodot, Jettable, E.I. Dupont, Eoplex, Organovo, Ricoh Printing Systems, and Stratasys.