New Technologies Fuel the Asia-Pacific Inkjet Printing Technologies Market

December 31, 2018

WELLESLEY, Mass., Dec. 31, 2018 – As more industries are adopting the use of large-format inkjet printers, the market for inkjet printing technologies is booming – most prominently in the Asia-Pacific region. In this region, inkjet printing technology suppliers are creating new operations in order to acquire more market share, according to the report “Inkjet Printing Technologies: Applications and Asia-Pacific Markets.”

According to BCC Research, the Asia-Pacific market for inkjet printing technologies was valued at $3.8 billion in 2018 and is expected to reach $11.8 billion by 2023 at a compound annual growth rate (CAGR) of 25.5%.

Prominent players in the industry include: Tianjin Toyo Ink Co. Ltd., Hangzhou TOKA Ink Chemical Co. Ltd., Shenzhen-DIC Co., Shanghai Peony Printing Ink Co. Ltd., Shanghai DIC Ink Co. Ltd., Flint Ink (Beijing) Co. Ltd., Zhuhai Letong Chemical Products Co. Ltd., among others.

Research Highlights:

• China has dominated the market in the past, with a value of $1.1 billion in 2017. However, Japan is projected to grow at the highest CAGR of 26.4% to reach a market value of $3.6 billion by 2023.
• In emerging economies, increased demand for packaging printing, digital printing and value-added services is expected to drive growth in the printing industry.
• China's rising wages and living standards have increased consumer spending – the primary driver of printing demand. Packaging accounts for almost half of China’s print sales and publication accounts for approximately 30% of print sales in the region.

“The volume of personal and commercial printing is closely linked to a country's economic health, particularly advertising and consumer spending,” the report notes. “Publicity-related jobs are the mainstay of commercial printing, but financial printing has become more important. Publicity and financial activity are strongly affected by the economy and the stock market.”

Product Innovation as Key Strategy

New ink and equipment technology can improve business printing and reduce long-term costs. The interest in single-fluid inks has increased. Single-fluid inks, waterless and water-washing, provide faster startups and a wider temperature latitude without any solvents required for cleaning. Additionally, a new low-cost computer-to-plate (CTP) system for small commercial printers could save up to 50% of material costs by removing waste.

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Inkjet Printing Technologies: Applications and Asia-Pacific Markets( AVM191A )
Publish Date: Dec 2018    

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