Inkjet Printing to Grow at 24.1% CAGR

The global industrial inkjet printing hardware and consumables market was at about $2.5 billion in 2013 and just over $3 billion in 2014.  By 2019, the market is expected to exceed $8.8 billion, with a 24.1% compound annual growth rate (CAGR), according to BCC Research.

The industrial inkjet market comprises product decoration, electronics, medicine and life sciences, 3D printing and energy. Product decoration (textiles, ceramics, glass, wall and floor coverings, food, etc.) account for the bulk (around 79% in 2013 and 72% in 2019) of the industrial inkjet market.  Electronics are the second-largest segment, with 11% of the market in 2013 and 18% in 2019. 3D printing is the third-largest segment, with a 9% market share in 2013 and 6% in 2019.

It is noted that the demand for inkjet hardware and consumables in the applications such as food flavorings and fragrances, chemicals, and optics, is too small to estimate reliably and is likely to have little impact on overall sales between 2013 and 2019.