Inkjet printing market is likely to witness a healthy CAGR of 7% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on IT services market
Inkjet printing market is likely to witness a healthy CAGR of 7% during the forecast period. The prime factors that are driving the inkjet printing market are Big Data, Internet of Things, digitalization of both print processes and packaging. Further, other factors such as speed, cost control, and flexibility to drive the market during the forecast period.
Europe is estimated to be the largest market for inkjet printing during the forecast period. The major factors contributing towards the dominance of the European region in the inkjet printing market are the increasing demand for packaging solutions in Spain and presence of large number of print label equipment manufacturers in the region. North America and Asia-Pacific are also expected to offer substantial growth opportunities over the forecast period.
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Report Scope & Market Segmentation
Inkjet Printing Market Share: By Application Type
Based on the application type, the market is segmented as books/publications, commercial print, advertising, transaction, labels, packaging, and others. The label segment is likely to hold the dominant share of the inkjet printing market over the forecast period. Label printing to have good growth opportunities in future, owing to increasing demand for customized packaging and the need to provide product related information.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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