At 5.0% CAGR, Middle East & Africa Industrial Inkjet Printers Market is Projected to be worth US$ 695.77 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa industrial inkjet printers market was valued at US$ 470.05 million in 2023 and is expected to reach US$ 695.77 million by 2031, registering a CAGR of 5.0% from 2023 to 2031. Growing demand for multifunctional inkjet printers and technological advancements in industrial inkjet printers are among the critical factors attributed to drive the Middle East & Africa industrial inkjet printers market growth.

Multifunctional inkjet printers offer features such as printing, scanning, copying, and faxing, making them an attractive option in industrial settings. In sectors such as packaging, textiles, and electronics, multifunctional inkjet printers integrate printing with scanning or labeling tasks, which reduces the need for separate machines. For instance, in September 2024, Mimaki announced the launch of four new versatile inkjet printers for the signage, textile, and industrial printing sectors. These solutions offer enhanced performance, particularly in terms of print speed and quality, while meeting the needs of professionals seeking to diversify their activities. Multifunctional inkjet printers enable manufacturers to quickly adapt to custom designs, varying print materials, and different ink types. This flexibility is essential in industries that rely heavily on branding and personalization, such as food and beverage packaging and promotional products. For example, the use of custom product labeling has proliferated in the food and beverages industry, where companies want to personalize packaging for seasonal promotions or limited editions. Multifunctional inkjet printers can easily switch between different label designs and materials, which reduces setup times and costs. Several companies are launching new multifunctional inkjet printers, offering various benefits. For instance, in November 2023, Canon announced the launch of the new imagePROGRAF TM Series, comprising imagePROGRAF TM-5240, TM-5350, TM-5250, TM-5340, TM-5255, and TM-5355 models. The new line-up provides an extensive array of single-function and multifunction inkjet printers tailored to meet a wide spectrum of large format printing requirements, delivering vibrant prints and high speed, making it an ideal choice for copy shops, corporate offices, photo studio segment, site engineering offices, and print shops. Therefore, the increasing demand for multifunctional inkjet printers fuels the growth of the industrial inkjet printers market.

On the flip side, availability of various alternatives hampers the growth of Middle East & Africa industrial inkjet printers market.

By type, the Middle East & Africa industrial inkjet printers market is bifurcated into continuous inkjet and drop on demand inkjet. The drop on demand inkjet segment held 59.4% share of Middle East & Africa industrial inkjet printers market share in 2023, amassing US$ 279.07 million. It is projected to garner US$ 371.02 million by 2031 to register 3.6% CAGR during 2023–2031.

In terms of industry, the Middle East & Africa industrial inkjet printers market is segmented into food & beverages, pharmaceutical, cosmetic & personal care, electronics & semiconductors, textiles, automotive, advertisement & publishing, and others. The food & beverages segment held 20.6% share of Middle East & Africa industrial inkjet printers market share in 2023, amassing US$ 97.05 million. It is projected to garner US$ 158.62 million by 2031 to register 6.3% CAGR during 2023–2031.

Based on country, the Middle East & Africa industrial inkjet printers market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 32.6% share of Middle East & Africa industrial inkjet printers market in 2023. It was assessed at US$ 153.19 million in 2023 and is likely to hit US$ 246.39 million by 2031, registering a CAGR of 6.1% during 2023–2031.

Key players operating in the Middle East & Africa industrial inkjet printers market are Brother Industries Ltd; Canon Inc; CTC Japan Inc; Docod Precision Group Limited; FUJIFILM Holdings America Corporation; Hitachi Industrial Equipment & Solutions America, LLC; HP Development Company L.P; Industrial Inkjet Ltd.; InkJet, Inc; KYOCERA Corporation; Lexmark International Inc; Linx Printing Technologies; Markem-Imaje; Pannier Corporation; REA Elektronik GmbH; Seiko Epson Corp; Squid Ink Manufacturing; Videojet Technologies Inc; Weber Marking Systems GmbH; and Xerox Corporation; among others.

• April, 2024: Canon announced the launch of the ProStream 2000, a new series of web-fed inkjet presses for business communications print service providers looking for an attractive cost/performance ratio for applications on media up to 150 gsm and on uncoated papers.

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