At 5.8% CAGR, the Europe Digital Production Inkjet Printing Market is Projected to be worth US$ 2,423.58 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe digital production inkjet printing market was valued at US$ 1,542.61 million in 2022 and is expected to reach US$ 2,423.58 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Continued shift to digital printing is among the critical factors attributed to the Europe digital production inkjet printing market expansion.

Digital printing is more flexible and efficient than traditional printing methods. It can be used to print short runs of customized products, which is becoming increasingly important as businesses and consumers demand more personalized experiences. Also, digital printing produces high-quality prints. The quality of digital prints has improved significantly in recent years, and they are now comparable to the quality of traditional prints. Moreover, in 2023, almost every industry experienced the impact of digital technology. Digital printing continues to advance in the printing industry as this method is a quick, inexpensive, and effective means to print digital content directly to multiple mediums. Digital files can be sent to a digital printer and printed on paper, canvas, plastic, or cardstock. These high-quality production printers also have innovative features that increase efficiency and image quality. Digital printing has the potential to change the way companies perform printing operations, and with the advent of new technologies, the cost is anticipated to drop significantly. Further, digital printing offers various advantages such as packaging, direct mail, signage and banners, and textiles. Therefore, the continued shift to digital printing is a major opportunity for the digital production inkjet printing market players to introduce new products in the coming years.

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

Based on type, the Europe digital production inkjet printing market is bifurcated into monochrome and color. The color segment held 79.1% market share in 2022, amassing US$ 1,220.06 million. It is projected to garner US$ 1,974.02 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on production method, the Europe digital production inkjet printing market is categorized into cut sheet, continuous feed, sheet-fed, and web-based. The continuous feed segment held 38.3% share of Europe digital production inkjet printing market in 2022, amassing US$ 590.53 million. It is projected to garner US$ 881.77 million by 2030 to expand at 5.1% CAGR during 2022-2030.

Based on application, the Europe digital production inkjet printing market is categorized into transactional, publishing, advertising, and others. The advertising segment held 48.5% share of Europe digital production inkjet printing market in 2022, amassing US$ 747.74 million. It is projected to garner US$ 1,200.36 million by 2030 to expand at 6.1% CAGR during 2022-2030.

Based on country, the Europe digital production inkjet printing market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.5% share of Europe digital production inkjet printing market in 2022. It was assessed at US$ 377.89 million in 2022 and is likely to hit US$ 639.99 million by 2030, exhibiting a CAGR of 6.8% during 2022-2030.

Key players operating in the Europe digital production inkjet printing market are Canon Inc, Colorjet India Ltd, Eastman Kodak Co, FUJIFILM Business Innovation Singapore Pte Ltd, Hewlett-Packard Development Co LP, Inca Digital Printers Ltd, and Xerox Holdings Corp, among others.

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