High Performance Along with Mass Customization Drives Market Growth
Future Market Insights predicts that the global direct-to-shape (DTS) inkjet printers market is projected to expand twice its current value by the end of 2030. The increasing demand for economic and high-speed printing from packaging converters is expected to drive the direct-to-shape inkjet printers market.
The concept of direct-to-shape inkjet printer is a game changer, as it widens the perspective for branding and offers high resolution image quality. DTS inkjet printers can be used on a variety of shapes and curvatures made of different materials like glass, plastic, metal, and cardboard amongst others.
This allows brands to customize product design, bolstering the demand for DTS inkjet printers in the market. Thus the rising demand for products with complex designs is expected to bode well for the market during the forecast period.
Analysts anticipate that the key driver behind the growth of direct-to-shape inkjet printers is the high performance and mass customization offered by such printers. The fact that DTS inkjet printers allows packaging converters to interconnect with consumers by enhancing brand recognition in diverse ways to surge reliability is expected to drive market.
Key Takeaways of Direct-to-Shape Inkjet Printers Market
- Food is estimated to be the key end user of direct-to-shape inkjet printers market as it is poised to account for nearly quarter of the total market in 2020
- Plastic to account for the lion’s share with an incremental opportunity of US$ 877 Mn by 2030
- Bottles and cans cumulatively accounts for nearly 40% off the global direct-to-shape inkjet printers market by value, as the segment aims to reach over US$ 1 Bn by 2020 end
- Solvent-based inks to lead the direct-to-shape inkjet printers market, clocking CAGR of 9.3% during the forecast period
- North America represents an incremental opportunity of almost US$ 700 Mn by 2030 with presence of large number of inkjet printer manufacturers in the region
- South Asia represents most lucrative region in terms of CAGR in the direct-to-shape inkjet printers market
“Key manufacturers are entering into strategic partnerships and collaborations with graphic manufacturers and digital solution providers to innovate and build on offerings within the market. The strategy helps the manufacturers in enhancing its product portfolio with the release of new products, creating opportunities to expand to new horizons,” says an FMI analyst.
Rapid Expansion of End-use Industries fueling Growth of the Direct-To-Shape Inkjet Printers Market
The extensive use of direct-to-shape inkjet printers for printing applications is increasing. Color consistency and efficiency plays a crucial role in food and beverage packaging. DTS inkjet printers market offers excellent color consistency as well as high speed print runs, which are preferred by food and beverage packaging converters. This has been identified as the key factor augmenting the brand image, giving the players a competitive edge.
For More Detailed Insights on Direct-to-Shape Inkjet Printers Market
Also, the benefits of direct-to-shape inkjet printers such as, high-quality graphic design and versatility toward a wide variety of substrate are boosting the market.
Moreover, DTS inkjet printers outperforms in different aspects such as reduced processing time, material saving, and increased efficiency of industrial production by operating on flexible volume as per customer’s requirement. Such factors are responsible for accelerating the market growth during the forecast period.
The short-run capability of direct-to-shape inkjet printers enables packaging converters to print the exact quantity required and thereby reduce the need for long print runs. Hence, direct-to-shape inkjet printers are widely accepted in end-use industries for printing.
Impact of COVID-19 on Direct-to-Shape Inkjet Printers Market
Amidst the coronavirus outbreak, direct-to-shape inkjet printers market is expected to plummet as industrial production of various end use segments such as like food and beverage, cosmetics, and fashion comes to a near halt. However, pharmaceutical industry is expected to project at a CAGR of 8.2% during the forecast period, owing the increase use of medical products like vials, bottles, etc.
Thus, FMI predicts that the demand for DTS inkjet printers will be high in the pharmaceutical sector in the coming months as the healthcare systems grapples to deal with the ongoing COVID-19 pandemic.
Printing requirements on vials, bottles, and medicines amongst others will offer DTS inkjet printers excellent opportunities in the next few months.
Direct-to-Shape Inkjet Printers Market Landscape
Key players in the market hold more than 10% in the global direct-to-shape inkjet printers market. The key players operating in the global direct-to-shape inkjet printers market include Heidelberg USA, Inc., Xaar plc. Tonejet Limited, Isimat GmbH Siebdruckmaschinen, Koenig & Bauer Kammann GmbH, Velox Ltd., Mimaki Europe B.V., O.M.S.O. SpA, Xerox Corporation, Epson America, Inc., Roland DG Corporation, INX International Ink Co., and Engineered Printing Solutions, Inc. among others.
Direct-to-Shape Inkjet Printers Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global direct-to-shape inkjet printers market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030.
The study reveals growth projections on the plastic pails market on the basis of ink type (Solvent based, Water based and UV curable inks); by substrate type (plastic, glass, metal, paper, fabric, wood); by application (bottles, cans, drums, folding cartons and others (bags, trays)); by end use (food, beverages, pharmaceuticals, cosmetics, personal care and homecare, chemicals and others (automotive, etc.) and across seven regions
About Packaging division of FMI
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.