New suppliers boost growth in inkjet market shows Pira report
Globally the inkjet market is growing strongly as increasing numbers of print suppliers and label converters move into the market. In the period to 2015 a CAGR of 10.3% by value and 10.9% by print volume is expected according to a new study from Pira International. The organisation said the total inkjet print market in 2009 was $26.8 billion and predicts that by 2015 the market will be worth $46.5billion.
‘The Future of Inkjet Printing to 2015’shows that in value terms, signage (point of sale, posters, exhibition graphics, banners, vehicle livery and building wraps) dominates the market. The signage sector is predicted to be worth around $16.3 billion in 2010 and Pira anticipates this will rise to $22.0 billion by 2015 when it will account for 47.2% of the total inkjet market, but just 8.3% of the area printed by inkjet. Signage print volume is expected to achieve a CAGR of 3.8% from 2010–15, with the value showing an average growth of 6.1% over the same period.
Use of inkjet printing will continue to see growth across other end-use sectors (commercial, newspapers, direct mail, transactional and transpromotional, security, packaging and labels). Adam Page, head of editorial at Pira said: “Over the next five years we will see a general movement of improving productivity and quality in all sectors, making inkjet increasingly competitive against screen, flexo, gravure and offset printing. It will also take share from electrophotography in some markets, such as mono overprinting by making full colour, totally variable output economic at good quality levels.”
The report shows there is a growing use of inkjet printed textiles and fabrics and the technology is used as part of an industrial decoration process making flooring, laminate surfaces and decorating glass and ceramics. A relatively new sector is printed electronics, from circuits and RFID to displays and lighting. According to Pira, highly-innovative research areas to watch include inkjet technology as a method of depositing bio-medical material to produce new drug delivery and biological sensors. Researchers are also examining inkjet as a method of seeding artificial tissue engineering. Inkjet is also being used to label and decorate pharmaceutical tablets and decorate confectionery and bakery products.
Based on primary research and expert analysis, ‘The Future of Inkjet printing to 2015’takes an in-depth look at the global markets and developing technologies for commercial and industrial inkjet printing, equipment and ink. The study includes five-year forecasts for global markets, broken down by region, supplier market and end-use sector, with exclusive assessment of current and emerging trends and technologies. It also includes profiles of leading inkjet suppliers.
www.pira-international.com