At 6.3% CAGR, the Asia Pacific Digital Production Inkjet Printing Market is Projected to be worth US$ 2,210.82 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific digital production inkjet printing market was valued at US$ 1,357.41 million in 2022 and is expected to reach US$ 2,210.82 million by 2030, registering a CAGR of 6.3% from 2022 to 2030. Growing availability of various product options is among the critical factors attributed to the Asia Pacific digital production inkjet printing market expansion.

Several companies in the digital production inkjet printing market provide a wide range of products. A few of these companies are Hewlett Packard, Canon, Ricoh, Fujifilm, Xerox Corporation, Konica Minolta, Kodak, Colorjet, SAKATA INX CORPORATION, Agfa-Gevaert, and Epson. For instance, Hewlett Packard offers the Page Wide Advantage 2200, T250HD, T390HD, T485HD, and T490HD. Canon offers ProStream, ColorStream, iX, Screen Americas, and Truejet press 520. Similarly, Ricoh provides Pro VC series. In addition, market players are focusing on new product development and technological advancement; for instance, in February 2023, EPSON announced the expansion of its product lineup of inkjet printheads with two new models-I3200(8)-S1HD and S800-S1-for signage, marking/coding, printed electronics, and other applications. Therefore, the growing availability of various product options is boosting the digital production inkjet printing market.

On the contrary, high initial investment, labor cost, and maintenance hampers the growth of Asia Pacific digital production inkjet printing market.

Based on type, the Asia Pacific digital production inkjet printing market is bifurcated into monochrome and color. The color segment held 77.8% market share in 2022, amassing US$ 1,055.84 million. It is projected to garner US$ 1,784.95 million by 2030 to expand at 6.8% CAGR during 2022-2030.

Based on production method, the Asia Pacific digital production inkjet printing market is categorized into cut sheet, continuous feed, sheet-fed, and web-based. The continuous feed segment held 40.4% share of Asia Pacific digital production inkjet printing market in 2022, amassing US$ 548.34 million. It is projected to garner US$ 841.81 million by 2030 to expand at 5.5% CAGR during 2022-2030.

Based on application, the Asia Pacific digital production inkjet printing market is categorized into transactional, publishing, advertising, and others. The advertising segment held 49.0% share of Asia Pacific digital production inkjet printing market in 2022, amassing US$ 665.38 million. It is projected to garner US$ 1,097.77 million by 2030 to expand at 6.5% CAGR during 2022-2030.

Based on country, the Asia Pacific digital production inkjet printing market has been categorized into China, Japan, India, Australia, South Korea, Taiwan, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.7% share of Asia Pacific digital production inkjet printing market in 2022. It was assessed at US$ 484.80 million in 2022 and is likely to hit US$ 877.70 million by 2030, exhibiting a CAGR of 7.7% during 2022-2030.

Key players operating in the Asia Pacific digital production inkjet printing market are Canon Inc, Colorjet India Ltd, Eastman Kodak Co, Epson India Pvt Ltd, FUJIFILM Business Innovation Singapore Pte Ltd, Hewlett-Packard Development Co LP, Konica Minolta Business Solutions India Pvt Ltd, and Xerox Holdings Corp, among others.

- In Dec 2022, Brother International (India) partners with Konica Minolta (India).

- In Oct 2021, ColorJet seeks Indian govt support for future R&D in digital printing.

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