FIVE AREAS OF INKJET GROWTH
Through the 2020s, inkjet will be the fastest growing print process. John Nelson of Smithers discusses the latest forecasting from the company showing that the value of inkjet-printed graphics, packaging and label work will increase by 8.6% by 2027
Year
2022
Company
Smithers
Author
John Nelson
In 2022 the value of inkjet printing is estimated to reach $86.8 billion. This will expand at a compound annual growth rate (CAGR) of 8.6% through to 2027, yielding a market value of $128.9 billion. In contrast, flexo print value will be more depressed with a 2.5% CAGR for the same period, while sheetfed litho will be essentially flat at just 0.5%. There are several technical advantages inkjet delivers in these applications, including its versatility and capacity to print on non-planar substrates, which has also been central to success in industrial print. Indeed from 2017–2022 inkjet grew faster in these applications than in conventional print.