The direct-to-shape inkjet printers market is anticipated to surpass a valuation of US$5 Bn by the end of the assessment period in 2030. Suspension of industrial activities in multiple sectors during the coronavirus pandemic is projected to have an adverse effect on the direct to shape inkjet printers market in the short term. However, extremely wide-ranging applications in multiple verticals will help to partially mitigate losses as governments gradually reopen businesses to restart the economy.
"Numerous verticals, including food processors, pharma companies, and other FMCG businesses are moving away from conventional digital labels to direct-to-shape alternatives. Direct-to-shape inkjet printers are highly versatile and provide superior quality graphics on multiple substrate materials, which will influence market players for the foreseeable future," says the FMI analyst.
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Direct-to-Shape Inkjet Printers Market - Key Takeaways
Ink recirculation technologies are expected to gain major traction in the direct-to-shape inkjet printer market, owing to higher operational cost efficiency.
Food and beverage applications remain a major contributor to revenue, aided by continued growth of the packaged foods industry.
Europe is projected to be a major direct-to-shape inkjet printers market, aided by the presence of prominent market players and fast access to new technology developments.
Direct-to-Shape Inkjet Printers Market - Driving Factors
Wide scope of applications in multiple verticals including food, chemical, cosmetics, and pharmaceuticals among others is the primary factor sustaining market growth.
Extremely high capabilities of customization according to end product requirements aids adoption rates.
Direct-to-Shape Inkjet Printers Market - Key Constraints
Volatility in the cost of direct to shape printing operations on the basis of the shape of the substate will hinder market growth.
Shortage of skilled personnel to effectively manage direct to shape inkjet printers limits adoption rates.
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The Anticipated Impact of Coronavirus
The coronavirus pandemic is expected to negatively impact the direct-to-shape inkjet printers market, owing to the slump in industrial labeling activity during nationwide and regional lockdowns. In addition, the suspension of printer production activities arising from disruptions in component supply chains are also hampering market growth. On the other hand, the widespread use of direct-to-shape inkjet printers in multiple verticals will enable a strong recovery in the near future, as lockdown restrictions are lifted.
Key manufacturers in the direct-to-shape inkjet printers market include but are not limited to Engineered Printing Solutions Inc., Heidelberg Inc., INX International Ink Co., Xaar plc, Roland DG Corp., Tonejet Ltd., Epson America Inc., Isimat Gmbh, Xerox Corp., Koenig & Bauer, and Velox Ltd.
Manufacturers are largely displaying interest in product innovations and integration of new technologies, in addition to product launch strategies in a bid to expand in new regional markets.
For instance, Primera Technology Inc. has announced the start of shipping for high quality, customized, direct to shape label printers, which can operate without the need for custom dies. Ricoh is expected to release a direct to garment printer for large format latex substrates at the Drupa 2020 exhibition in Dusseldorf. Further, Digital Ink Sciences have released a new ink formulation for Epson's direct to shape print heads, which will help to minimize printhead maintenance.
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More About the Report
The FMI's market research report offers detailed insights on direct-to-shape inkjet printers market. The market is scrutinized on the basis of ink type (solvent based, water based, and UV curable inks), substrate type (plastic, glass, metal, paper, wood, and fabric), application (bottles, cans, drums, tubes, folding cartons, and others), and end use (food, beverages, pharmaceuticals, cosmetics, personal care & homecare, chemical, and others) across seven key regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa).
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Name: Abhishek Budholiya
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Organization: Future Market Insights
Release ID: 89005098