Industrial Inkjet Printers Market to reach $13.2 Bn by 2031
29 October 2022: Global industrial inkjet printers market is expected to reach a value of US$ 13.2 Billion by the end of 2031, according to a research report by Transparency Market Research (TMR). In addition, the study finds that the market for industrial inkjet printers is expected to grow at a CAGR of 4.3% during the forecast period, from 2022 to 2031.
The food and beverage companies are increasing the use of industrial inkjet printers across their production lines. This, in turn, is creating profitable prospects in the global industrial inkjet printers market, the report noted.“Companies producing metal stampings, lumber, and other materials utilize barcodes and lot numbers in order to prevent counterfeiting and ensure traceability of their products, The demand for inkjet printers is being rising among the pharmaceutical companies in order to generate such codes. This factor denotes that the industrial inkjet printers market is expected to observe sizable business prospects during the forecast period.
Increase in the use of industrial inkjet printers in packaging film printing globally is expected to help in the growth of the industrial inkjet printers market share. The industrial inkjet printers market in Asia Pacific is expected to gain sizable growth prospects during the forecast period owing to several key factors such as surge in the industrialization and urbanization across many regional developing nations.
Major industrial printer manufacturers are using different strategies such as acquisitions, mergers, collaborations, and partnerships in order to stay ahead of the competition. Furthermore, several enterprises are focusing on the expansion of their product portfolios. Such factors are prognosticated to drive the industrial inkjet printers market growth during the forecast period.
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