At 13.2% CAGR, the Asia Pacific Printing Machinery and Equipment Market is Projected to be Worth US$ 55,668.58 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific printing machinery and equipment market was valued at US$ 23,375.97 million in 2023 and is expected to reach US$ 55,668.58 million by 2030, registering a CAGR of 13.2% from 2023 to 2030. Growing packaging industry and rising mass media industry are the critical factors attributed to the Asia Pacific printing machinery and equipment market expansion.  

Web-to-print platforms have gained popularity as they enable customers to customize, and order printed products online. These platforms are integrated with printing machinery and equipment to automate the printing process, reducing human intervention and streamlining operations. The growing demand for web-to-print solutions is anticipated to offer lucrative opportunities for printing equipment manufacturers to develop compatible machinery and equipment.

Further, printing machinery and equipment are vital in producing personalized brochures, flyers, catalogs, and direct mail campaigns. Variable data printing technology enables the incorporation of personalized text and images, resulting in engaging and targeted marketing materials. Personalization allows companies to create marketing materials tailored to customers’ preferences and needs. In May 2022, Landa Digital Printing announced the unveiling of the Landa S10P Nanographic Printing Press. The Landa S10P’s capabilities allow for customization and personalization of in-store solutions. As the demand for personalization continues to grow across industries, the printing machinery and equipment market can seize these opportunities by developing and offering innovative solutions that support customization and web-to-print capabilities.

On the contrary, transformation of marketing and advertising activities hurdles the growth of Asia Pacific printing machinery and equipment market.

Based on operation type, the Asia Pacific printing machinery and equipment market is segmented into manual and automatic. The automatic segment held 70.8% share of Asia Pacific printing machinery and equipment market in 2023, amassing US$ 16,552.86 million. It is projected to garner US$ 40,397.38 million by 2030 to expand at 13.6% CAGR during 2023–2030.

Based on product type, the Asia Pacific printing machinery and equipment market is segmented into offset lithography, flexography, screen, digital, and others. The digital segment held 30.7% share of Asia Pacific printing machinery and equipment market in 2023, amassing US$ 7,169.26 million. It is projected to garner US$ 17,306.23 million by 2030 to expand at 13.4% CAGR during 2023–2030.

Based on substrate type, the Asia Pacific printing machinery and equipment market is segmented into plastic, paper and paperboard, metal, and others. The paper and paperboard segment held 33.6% share of Asia Pacific printing machinery and equipment market in 2023, amassing US$ 7,854.83 million. It is projected to garner US$ 19,055.81 million by 2030 to expand at 13.5% CAGR during 2023–2030.

Based on end use, the Asia Pacific printing machinery and equipment market is segmented into commercial, publication and others. The publication segment held 38.6% share of Asia Pacific printing machinery and equipment market in 2023, amassing US$ 9,017.67 million. It is projected to garner US$ 20,176.08 million by 2030 to expand at 12.2% CAGR during 2023–2030.

Based on country, the Asia Pacific printing machinery and equipment market has been categorized into Australia, China, Japan, India, South Korea, Indonesia, Singapore, Malaysia, Thailand, and the Rest of Asia Pacific.  Our regional analysis states that China captured 26.6% share of Asia Pacific printing machinery and equipment market in 2023. It was assessed at US$ 6,215.59 million in 2023 and is likely to hit US$ 14,919.18 million by 2030, exhibiting a CAGR of 13.3% during 2023–2030.      

Key players operating in the Asia Pacific printing machinery and equipment market are 3D Systems Corp, Canon Inc, Honeywell International Inc, HP Inc, Komori Corp, Manroland Goss Web Systems GmbH, Toshiba Corp, Xerox Holdings Corp, and Zebra Technologies Corp. among others.   

• In June 2021, Komori Corp announces the signing of a fundamental agreement on the 40-inch Sheetfed Nanographic Printing® System Impremia NS40 with Artron Art Group Co., Ltd. (Shenzhen, Guangdong Province, People's Republic of China). The Artron Group and Komori reached a fundamental agreement on installation of the Impremia NS40, the first of its kind in China, at China Print 2021 in Beijing (June 23-27, 2021). This agreement is based on Artron's assessment that the use of the high-speed, B1-size digital printing technology is critical to the company's new strategic business development.  
• In Feb 2022, Xerox Elem Additive Solutions and Vertex Manufacturing - A PrinterPrezz Company had entered into an agreement to install the Xerox ElemX 3D Printer at Vertex's Cincinnati plant and begin offering contract manufacturing services using Xerox's liquid metal capabilities.

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