At 10.7% CAGR, the Middle East & Africa Printing Machinery and Equipment Market is projected to be worth US$ 14,917.72 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the Middle East & Africa printing machinery and equipment market was valued at US$ 7,335.81 million in 2023 and is expected to reach US$ 14,917.72 million by 2030, registering a CAGR of 10.7% from 2023 to 2030. Growing packaging industry and rising mass media industry are the critical factors attributed to the Middle East & Africa printing machinery and equipment market expansion. 

Modern printing machinery incorporates technologies such as UV LED curing systems, which consume less energy and emit less heat compared to traditional drying methods involving UV curing. Energy-efficient equipment reduces the carbon footprint of the printing process and lowers energy costs for businesses. In May 2022, Fujifilm announced the product launch of its Activ Hybrid LED UV curing system. LED UV curing technology is known for its energy efficiency compared to traditional UV curing methods. LED lamps consume less energy, have a longer lifespan, and generate less heat. By incorporating LED technology into the curing system, Fujifilm’s Activ Hybrid aims to reduce energy consumption and lower operational costs for converters.

Further, Direct to Fabric (DTF) printing is gaining popularity in the printing industry due to its environmental friendliness and efficiency compared to traditional screen-printing methods. DTF printing utilizes eco-friendly, water-based inks free from harmful chemicals and volatile organic compounds. These inks are non-toxic and environmentally safe, reducing potential health risks for workers and minimizing air pollution during the printing process. As a result, players in the printing machinery and equipment market are focusing on such eco-friendly processes. In February 2023, Mimaki announced its entry into the DTF printing market for textile and apparel applications with the launch of its first DTF printer, the “TxF150-75,” along with the introduction of the heat transfer pigment ink for DTF. Thus, the increasing demand for eco-friendly printing processes positively influences the growth of the printing machinery and equipment market.

On the contrary, transformation of marketing and advertising activities hurdles the growth of Middle East & Africa printing machinery and equipment market.

Based on operation type, the Middle East & Africa printing machinery and equipment market is segmented into manual and automatic. The automatic segment held 60.8% share of Middle East & Africa printing machinery and equipment market in 2023, amassing US$ 4,457.32 million. It is projected to garner US$ 9,289.94 million by 2030 to expand at 11.1% CAGR during 2023–2030.

Based on product type, the Middle East & Africa printing machinery and equipment market is segmented into offset lithography, flexography, screen, digital, and others. The digital segment held 31.5% share of Middle East & Africa printing machinery and equipment market in 2023, amassing US$ 2,314.19 million. It is projected to garner US$ 4,778.93 million by 2030 to expand at 10.9% CAGR during 2023–2030.

Based on substrate type, the Middle East & Africa printing machinery and equipment market is segmented into plastic, paper and paperboard, metal, and others. The paper and paperboard segment held 31.4% share of Middle East & Africa printing machinery and equipment market in 2023, amassing US$ 2,301.19 million. It is projected to garner US$ 4,796.51 million by 2030 to expand at 11.1% CAGR during 2023–2030.

Based on end use, the Middle East & Africa printing machinery and equipment market is segmented into commercial, publication and others. The publication segment held 42.2% share of Middle East & Africa printing machinery and equipment market in 2023, amassing US$ 3,096.44 million. It is projected to garner US$ 5,998.72 million by 2030 to expand at 9.9% CAGR during 2023–2030.

Based on country, the Middle East & Africa printing machinery and equipment market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa.  Our regional analysis states that the UAE captured 41.4% share of Middle East & Africa printing machinery and equipment market in 2023. It was assessed at US$ 3,034.12 million in 2023 and is likely to hit US$ 6,593.63 million by 2030, exhibiting a CAGR of 11.7% during the forecast period.   

Key players operating in the Middle East & Africa printing machinery and equipment market are Canon Inc, Honeywell International, HP Inc, Manroland Goss Web Systems GmbH, Toshiba Corp, Xerox Holdings Corp, and Zebra Technologies Corp., among others.

• 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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