Direct To Shape Inkjet Printing Market to Hit $20.29 Billion by 2027: Says FMI

Direct-to shape inkjet printers use a modern process that enables printing of different images and colored texts directly onto objects such as, cans, bottles, folding cartons and even industrial products like drums and tubes.

Fine printing has allowed brands to stand out amongst wide array of products available to consumers by enhancing brand recognition.

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In many ways, digital printing has opened up a whole new world of potentials for the brands expand their target audience in the past few years. Inkjet technology supports diverse range of substrates. Its advanced features allows faster presses, giving manufacturers an apt option to replace conventional printing with hybrid printing.

Analysts anticipate that the key driver behind the growth of direct-to-shape inkjet printers is the high performance and mass customization offered by such printers. The fact that DTS inkjet printers allows packaging converters to interconnect with consumers by enhancing brand recognition in diverse ways to surge reliability is expected to drive market.

Key Takeaways of Direct-to-Shape Inkjet Printers Market Food is estimated to be the key end user of direct-to-shape inkjet printers market as it is poised to account for nearly quarter of the total market in 2020 Plastic to account for the lion’s share with an incremental opportunity of US$ 877 Mn by 2030 Bottles and cans cumulatively accounts for nearly 40% off the global direct-to-shape inkjet printers market by value, as the segment aims to reach over US$ 1 Bn by 2020 end Solvent-based inks to lead the direct-to-shape inkjet printers market, clocking CAGR of 9.3% during the forecast period North America represents an incremental opportunity of almost US$ 700 Mn by 2030 with presence of large number of inkjet printer manufacturers in the region South Asia represents most lucrative region in terms of CAGR in the direct-to-shape inkjet printers market

“Key manufacturers are entering into strategic partnerships and collaborations with graphic manufacturers and digital solution providers to innovate and build on offerings within the market. The strategy helps the manufacturers in enhancing its product portfolio with the release of new products, creating opportunities to expand to new horizons,” says an FMI analyst.

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Rapid Expansion of End-use Industries fueling Growth of the Direct-To-Shape Inkjet Printers Market

The extensive use of direct-to-shape inkjet printers for printing applications is increasing. Color consistency and efficiency plays a crucial role in food and beverage packaging. DTS inkjet printers market offers excellent color consistency as well as high speed print runs, which are preferred by food and beverage packaging converters. This has been identified as the key factor augmenting the brand image, giving the players a competitive edge.

Also, the benefits of direct-to-shape inkjet printers such as, high-quality graphic design and versatility toward a wide variety of substrate are boosting the market.

Moreover, DTS inkjet printers outperforms in different aspects such as reduced processing time, material saving, and increased efficiency of industrial production by operating on flexible volume as per customer’s requirement. Such factors are responsible for accelerating the market growth during the forecast period.

The short-run capability of direct-to-shape inkjet printers enables packaging converters to print the exact quantity required and thereby reduce the need for long print runs. Hence, direct-to-shape inkjet printers are widely accepted in end-use industries for printing.

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Impact of COVID-19 on Direct-to-Shape Inkjet Printers Market

Amidst the coronavirus outbreak, direct-to-shape inkjet printers market is expected to plummet as industrial production of various end use segments such as like food and beverage, cosmetics, and fashion comes to a near halt. However, pharmaceutical industry is expected to project at a CAGR of 8.2% during the forecast period, owing the increase use of medical products like vials, bottles, etc.

Thus, FMI predicts that the demand for DTS inkjet printers will be high in the pharmaceutical sector in the coming months as the healthcare systems grapples to deal with the ongoing COVID-19 pandemic.

Printing requirements on vials, bottles, and medicines amongst others will offer DTS inkjet printers excellent opportunities in the next few months.

Direct-to-Shape Inkjet Printers Market Landscape

Key players in the market hold more than 10% in the global direct-to-shape inkjet printers market. The key players operating in the global direct-to-shape inkjet printers market include Heidelberg USA, Inc., Xaar plc. Tonejet Limited, Isimat GmbH Siebdruckmaschinen, Koenig & Bauer Kammann GmbH, Velox Ltd., Mimaki Europe B.V., O.M.S.O. SpA, Xerox Corporation, Epson America, Inc., Roland DG Corporation, INX International Ink Co., and Engineered Printing Solutions, Inc. among others.

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