At 3.1% CAGR, the South & Central America Digital Production Inkjet Printing Market is Projected to be worth US$ 396.63 million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America digital production inkjet printing market was valued at US$ 311.77 million in 2022 and is expected to reach US$ 396.63 million by 2030, registering a CAGR of 3.1% from 2022 to 2030. Growing focus on technological advancements is among the critical factors attributed to the South & Central America digital production inkjet printing market expansion.

Technological advancements include the development of high-speed inkjet printers that can print at high resolutions and speeds and offer a variety of new inks that are more durable, environmentally friendly, and can produce a wide range of colors. These technological advancements make digital production inkjet printing more efficient, cost-effective, and versatile. This leads to increased technology adoption by businesses of all sizes in various industries. Several companies are launching advanced printers. For example, in May 2021, Canon launched the ColorStream 8000 Web Feb Inkjet Printer series. These printers have been designed to meet the current and future production challenges of public and corporate sector in-plants, print and communication service providers, and specialized commercial printers. Canon also launched the ProStream 3000 series, the next-generation high-speed, web-fed inkjet printers for commercial printing. Thus, the growing focus of various companies on technological advancements regarding digital printing is expected to fuel the digital production inkjet printing market in the coming years.

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

Based on type, the South & Central America digital production inkjet printing market is bifurcated into monochrome and color. The color segment held 76.3% market share in 2022, amassing US$ 237.90 million. It is projected to garner US$ 310.06 million by 2030 to expand at 3.4% CAGR during 2022-2030.

Based on production method, the South & Central America digital production inkjet printing market is categorized into cut sheet, continuous feed, sheet-fed, and web-based. The continuous feed segment held 39.8% share of South & Central America digital production inkjet printing market in 2022, amassing US$ 124.13 million. It is projected to garner US$ 150.45 million by 2030 to expand at 2.4% CAGR during 2022-2030.

Based on application, the South & Central America digital production inkjet printing market is categorized into transactional, publishing, advertising, and others. The advertising segment held 47.9% share of South & Central America digital production inkjet printing market in 2022, amassing US$ 149.37 million. It is projected to garner US$ 192.80 million by 2030 to expand at 3.2% CAGR during 2022-2030.

Based on country, the South & Central America digital production inkjet printing market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 53.5% share of South & Central America digital production inkjet printing market in 2022. It was assessed at US$ 166.80 million in 2022 and is likely to hit US$ 215.37 million by 2030, exhibiting a CAGR of 3.2% during 2022-2030.

Key players operating in the South & Central America 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, and Xerox Holdings Corp, among others.

- In June 2022, Kodak announced the fastest inkjet on the market with the groundbreaking Kodak Prosper 7000 Turbo Press.

- In Oct 2021, ColorJet seeks Indian govt support for future R&D in digital printing.

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