[Research Report] The printing machinery and equipment market size is expected to grow from US$ 76.65 billion in 2022 to US$ 181.92 billion by 2030; it is estimated to record a CAGR of 11.8% from 2022 to 2030.

Analyst Perspective:

Packaging operations are essential in various industries, including food & beverages, pharmaceuticals, consumer goods, and e-commerce. North America has one of the largest packaging industries in the world. Sustainability has become a significant focus in this industry. Consumers and regulatory bodies are emphasizing on reducing the environmental impact of packaging operations by promoting the use of recyclable, biodegradable, and compostable materials. Many packaging companies are adopting sustainable practices and exploring innovative solutions to meet the demand for these materials. In December 2021, Sonoco Products announced the acquisition of Ball Metalpack, a manufacturer of sustainable metal packaging solutions for food and household products. With this acquisition, the former company planned to leverage the latter’s expertise and resources to strengthen its position in the metal packaging market. This move aligns with the growing demand for eco-friendly packaging options and the increasing emphasis on sustainability across industries. In February 2022, Sealed Air, a global packaging company, made the strategic decision to acquire Foxpak Flexibles Ltd. Through the acquisition of Foxpak, Sealed Air aims to expand its capabilities in digital printing for flexible packaging. Thus, the flourishing packaging industry favors the growth of the printing machinery and equipment market in North America.

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Printing Machinery and Equipment Market: Strategic Insights

Market Size Value in	US$ 76.65 billion in 2022
Market Size Value by	US$ 181.92 billion by 2030
Growth rate	CAGR of 11.8% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Market Trend:

Increasing Adoption of Advanced Technology for Eco-Friendly Printing Process to Drive Printing Machinery and Equipment Market During Forecast Period

Modern printing machinery incorporates technologies such as UV LED curing systems, which consume less energy and emit less heat compared to traditional drying methods involving UV curing. Further, Direct to Fabric (DTF) printing is gaining popularity in the printing industry due to its environmental friendliness and efficiency compared to traditional screen-printing methods. DTF printing utilizes eco-friendly, water-based inks free from harmful chemicals and volatile organic compounds. These inks are non-toxic and environmentally safe, reducing potential health risks for workers and minimizing air pollution during the printing process. As a result, players in the printing machinery and equipment market are focusing on such eco-friendly processes. In February 2023, Mimaki announced its entry into the DTF printing market for textile and apparel applications with the launch of its first DTF printer, the “TxF150-75,” along with the introduction of the heat transfer pigment ink for DTF. Thus, the increasing demand for eco-friendly printing processes positively influences the growth of the printing machinery and equipment market.

Segmental Analysis:

Based on operation, the printing machinery and equipment market is segmented into manual and automatic. Automatic printing includes all type of digital printers, all-in-one printer, flexography printers, offset lithography printers, thermal printers, 3D printers, etc. Automatic printing operations provide increased efficiency, speed, and accuracy in various printing processes and offers support in high-volume printing production. Modern printing machinery types are equipped with advanced automation features that streamline operations and reduce the need for manual intervention.

Regional Analysis:

The printing machinery and equipment market size in Asia Pacific (APAC) is further distributed into South Korea, India, China, Japan, Australia, Indonesia, Singapore, Malaysia, Thailand, and the Rest of APAC. Some of the factors such as low cost labor, low taxes and duties, and strong business ecosystems are attracting global players in the printing industry to expand their manufacturing facilities or establish a new facility across the region. Further, the rising industrialization, urbanization, increasing disposable incomes, and growing literacy rates are driving the demand for printed products, thus fueling the need for printing machinery and equipment across different countries.  Despite the digitalization of content, the publishing and commercial printing sectors continue to play a significant role in the Asia Pacific region. Printing machinery and equipment are used for printing books, magazines, brochures, promotional materials, and other commercial print products. The growth in demand for such products across the region is driving the printing machinery and equipment market growth in the Asia Pacific region. Further, five of the top ten fastest growing print markets across the world are existing across the Asia Pacific region. These countries include Indonesia, Vietnam, India, China, and Thailand. Such factors are likely to provide new opportunities for the printing machinery and equipment market players during the forecast period. Furthermore, the growth in number of commercial enterprises is also catalyzing the growth of different types of printer products across the region which is another major factor supporting large number of deployments of printer products across the region. Such factors have been catalyzing the printing machinery and equipment market growth across the region.

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Key Player Analysis:

The printing machinery and equipment market players consists of players such as Xerox Holdings Corporation, manroland Goss, Canon Inc, HP Development Company LP, Presstek, 3D Systems Inc, Komori Corporation, Honeywell International Inc, Toshiba, and Zebra Technologies Corp. Among the printing machinery and equipment market players, HP Development Company and Canon., Inc are top two players owing to the diversified product portfolio offered.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the printing machinery and equipment market. A few recent key printing machinery and equipment market developments are listed below:

• In February 2021, Xerox Holdings Corp and the Naval Postgraduate School (NPS) entered into a strategic partnership on developing additive manufacturing technology, notably 3D printing, which has the potential to revolutionize how the military feeds its forward-deployed forces drastically. This relationship assisted NPS in accelerating 3D printing adoption throughout the US Navy and provided Xerox with vital information to help prospective customers achieve supply chain flexibility and robustness.

• In February 2021, Komori Corp announced the launch of the 29'' Sheetfed UV Inkjet Digital Printing System Impremia IS29s sales. The Impremia IS29 professional-spec UV inkjet digital printing machine has evolved and been improved as the Impremia IS29s. In addition to the well-received basic features, such as compatibility with a wide range of printing stocks and sheet thicknesses, stable high print quality due to superior tone reproduction and register accuracy, and instant curing, one-pass double-sided printing for immediate finishing, optional functions can be selected to further increase usability and create added value.

• In April 2022, 3D Systems Inc introduced new SLA 750 stereolithography additive manufacturing (AM) solution. It is intended for large format or high-volume production applications, and it includes the SLA 750 and SLA 750 Dual - the first synchronous, dual-laser stereolithography printers - as well as the Accura AMX Durable Natural material and the PostCureTM 1050 post-processing system.