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UV Inkjet Printing Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
What Is the Forecasted Market Size and Growth Rate for the UV Inkjet Printing Market?The growth of the UV inkjet printing market has been swift and steady in the past few years. It is set to expand from a market worth $54.85 billion in 2024 to $60.61 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.5%. The historical surge in this market is due to a boost in hybrid printing systems, an increase in demand for on-demand printing services, the amplified usage of e-commerce, an expansion in textile printing and the continued growth of online business.
In the coming years, the UV inkjet printing market size is projected to experience significant acceleration, expanding to a value of $89.25 billion in 2029 with a compound annual growth rate (CAGR) of 10.2%. This progression in the forecast period is due to various factors such as the increasing necessity for personalized and tailor-made printing, escalating requirements in packaging and labelling applications, the rising trend of eco-friendly UV-curable, heightened use of UV inkjet printers in industrial sectors, and the growing demand for more flexible and effective digital printing. During this forecast period, numerous trends are expected to emerge, including technological progression, dual printing systems, 3D UV printing, the combination of UV inkjet printers with automation, and the creation of improved UV ink compositions.
What Factors Are Propelling the Expansion of the UV Inkjet Printing Market?
The anticipated increase in the packaging industry's demand is set to fuel the expansion of the UV inkjet printing market. The packaging sector encompasses methods and technologies used in the creation and application of product packaging materials and labels. The attraction of UV inkjet printing in this sector stems from its capacity to offer high-standard, adaptable, and environmentally-friendly printing solutions that cater to the developing preferences of brand owners, converters, and customers. Employing UV inkjet printing within the packaging industry augments effectiveness, quality, and sustainability. It also empowers brands to create appealing, practical packaging solutions aligned with current consumer expectations. For example, the State of the Flexible Packaging Industry report by the Flexible Packaging Association, based in the US, indicated that in 2022, the flexible packaging industry within the country generated $41.5 billion in sales. The report also estimated that the U.S. flexible packaging sector recorded sales of $39 billion in 2021. Hence, the emerging demand within the packaging sector is predicted to boost the UV inkjet printing market's growth.
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Which Businesses Are at the Forefront of UV Inkjet Printing Market Development?
Major companies operating in the UV inkjet printing market are HP Inc., Canon Inc., Fujifilm Holdings Corporation, Mutoh Holdings Co. Ltd., Ricoh Company Ltd., Seiko Epson Corporation, Konica Minolta Inc., Xerox Holdings Corporation, Brother Industries Ltd., Toshiba Tec Corporation, Heidelberger Druckmaschinen AG, Bobst Group SA, Agfa-Gevaert Group, Domino Printing Sciences plc, Roland DG Corporation, Electronics For Imaging Inc., Durst Group, Xaar plc, Phoseon Technology Inc., Inkcups Now Corporation, Kao Collins Inc., Squid Ink Manufacturing Inc.
What Are the Latest Innovations in the UV Inkjet Printing Market?
Main players in the UV inkjet printing market, such as Mimaki Engineering Co., Ltd., are creating innovative and robust technologies aimed at enhancing the overall speed, quality, and versatility of printing. Furthermore, there is a growing focus on improving sustainability and minimizing waste. In the context of this market, robust technologies pertain to highly reliable and efficient system solutions that can function optimally under varying conditions. For example, in September 2023, Japan-based Mimaki Engineering launched UJV100-160Plus and UCJV330-160. The UCJV330-160 model boasts impressive speeds of up to 28 m²/h in a four-color set-up and 18 m²/h when using white or clear inks. This enhanced speed helps in faster project completion. It also utilizes advanced ink ejection technology to reduce color irregularities, hence, guaranteeing high-quality output even at elevated speeds.
How Is the UV Inkjet Printing Market Segmented?
The UV inkjet printing market covered in this report is segmented -
1) By Type: Solid Inkjet, Liquid Inkjet
2) By Application: Commercial Use, Home Use
3) By End-Use Industry: Advertising And Marketing, Packaging, Textiles And Apparel, Automotive, Manufacturing, Other End-Use Industries
Subsegments:
1) By Solid Inkjet: UV Solid Inkjet Printers, UV Curable Solid Inkjet Inks
2) By Liquid Inkjet: UV Liquid Inkjet Printers, UV Curable Liquid Inkjet Inks
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Where Is the UV Inkjet Printing Market Growth Most Prominent?
North America was the largest region in the UV inkjet printing market in 2023. The regions covered in the UV inkjet printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The UV Inkjet Printing Global Market Report?
- Market Size Analysis: Analyze the UV Inkjet Printing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the UV Inkjet Printing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall UV Inkjet Printing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the UV Inkjet Printing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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