Report : South America Industrial Inkjet Printers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (CIJ Printer and DOD Inkjet Printer), and End User (Food and Beverages, Automobile, Packaging, Cosmetic, Medical, and Others)
DOD Inkjet Printer Segment to Dominate South America Industrial Inkjet Printers market during 2021-2028
According to a new market research study on “South America Industrial Inkjet Printers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Technology, End-User and Country,” is expected to reach US$ 184.52 million by 2028 from US$ 143.15 million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. The report provides trends prevailing in the South America industrial inkjet printers market along with the drivers and restraints pertaining to the market growth. Heightening demand from flexible packaging and textile industries and growing usage of multifunctional inkjet printers are the major factors driving the growth of the South America industrial inkjet printers market. However, the availability of various alternatives may hinder the growth of South America industrial inkjet printers market.
In case of COVID-19, in South America, especially Brazil, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of industrial inkjet printers manufacturing activities. Downfall of other consumer goods manufacturing sectors has negatively impacted the demand for industrial inkjet printers during the early months of 2020. Moreover, decline in the overall industrial manufacturing activities has led to discontinuation of industrial inkjet printers manufacturing projects, thereby reducing the demand for industrial inkjet printers. Similar trend was witnessed in other South America countries, i.e., Argentina, Colombia, Peru, Chile and Ecuador. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for South America industrial inkjet printers is segmented into technology, end-user and country. Based on technology, the market is segmented into CIJ printer and DOD inkjet printer. In 2020, the DOD inkjet printer segment held the largest share in South America industrial inkjet printers market. Furthermore, in this present scenario of COVID 19 pandemic, the South America industrial inkjet printers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for industrial inkjet printers.
Anser Coding; Beijing Hi-Pack Coding; Citronix; Domino; Ebs Ink Jet Systeme; Hitachi Industrial Equipment Systems Co., Ltd; ITW Company; Kba-Metronic; Keyence; Kortho; Leibinger; Linx; Markem-Imaje; Matthews Marking Systems; United Barcode Systems; Videojet; Weber Marking; and Zanasi are some of the leading companies in the South America industrial inkjet printers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the South America Industrial Inkjet Printers Market as follows:
- South America Industrial Inkjet Printers Market – By Technology
- CIJ Printer
- DOD Inkjet Printer
- South America Industrial Inkjet Printers Market – By End-User
- Food and Beverages
- Automobile
- Packaging
- Cosmetic
- Medical
- Others
- South America Industrial Inkjet Printers Market – By Country
- Brazil
- Argentina
- Rest of South America
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