Inkjet Printer Korea Market Share, Trends & Forecast 2033

Inkjet Printer Industry Analysis in Korea (2023 to 2033)

Sales of inkjet printers in Korea are expected to be worth US$ 1.5 billion in 2023. The adoption of inkjet printers in Korea is projected to expand at an average 5.9% CAGR between 2023 and 2033. Small eCommerce businesses play a crucial role in driving inkjet printer adoption in Korea for in-house label printing and packaging materials.

Korea's expanding small and medium-sized enterprise (SME) sector drives the demand for cost-effective and versatile printing solutions. Demand for inkjet printers in Korea is poised to increase significantly, with sales surpassing US$ 2.6 billion by 2033.

Attributes	Details
Industry size for Korea in 2023	US$ 1.5 billion
Expected Industry Size for Korea in 2033	US$ 2.6 billion
Forecasted CAGR between 2023 to 2033	5.9%

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Key Factors Driving Inkjet Printers Adoption in Korea

Industrial printing is increasingly incorporating inkjet printers in Korea. These printers facilitate the printing of materials such as barcodes and QR codes, as well as information on packaging materials.
Consumers are being drawn to the versatility offered by inkjet printers in Korea. They are favored since they can be used to print on various surfaces, including paper, cardboard, plastics, and metal.
Technological advancements have played a key role in popularizing this product in Korea. The Korean population is becoming increasingly technology-conscious, and these advances have enabled inkjet printers to improve both speed and printing quality.

Key Trends Propelling Inkjet Printers Demand in Korea

Sales of UV-curable inks have risen in Korea due to the advantages they provide, such as fast drying and compatibility with various substrates.
There are environmental concerns in Korea regarding the paper used in inkjet printers. However, vendors in Korea also offer alternative materials to consumers, such as glass and metal.
Inkjet printers that offer high-resolution capabilities to consumers are gaining popularity in Korea. High-resolution images can be transferred to paper with the help of these printers.
Digital printers that eliminate the need for traditional printing materials, such as plates and screens, are gaining visibility in Korea.
Many artists, graphic designers, and other visual media-related professionals in Korea are ensuring a high demand for the product in the country.

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Category-wise Insights

Continuous Inkjet Leads the Way in Technology Due to Increasing Adoption in the Industrial Sector

Continuous Inkjet technology is driving the sales of inkjet printers in Korea, primarily due to its increasing adoption in the industrial sector. As of 2023, it commands an impressive industry share of 52.1%.

Demand for Inkjet Printers in Korea Based on Technology Type	Continuous Inkjet
Industry Share in 2023	52.1%

Continuous Inkjet printers are favored for their versatility and reliability, making them the technology of choice for applications in manufacturing, packaging, and coding. Their ability to print on various surfaces, including metals, plastics, and glass, positions them as essential tools for Korean industries. The convenience and cost-efficiency of Continuous Inkjet technology have led to its widespread adoption and continue to stimulate demand.

Traditional Printing Via Paper Continues to Lead the Substrate Segment

When it comes to substrates, traditional printing on paper maintains its dominance in inkjet printer adoption in Korea, claiming a share of 67.7% in 2023. This enduring preference for paper-based printing is driven by its wide-ranging applications, including document printing, marketing collateral, educational materials, and more.

Demand for Inkjet Printers in Korea Based on Substrate	Paper
Industry Share in 2023	67.7%

Consumers and businesses in the country continue to rely on paper as a familiar and versatile medium for their printing needs. The enduring popularity of paper substrates reinforces its prominent role in the local inkjet printer industry.

Competitive Landscape

Established multinational inkjet printer brands like Hewlett-Packard, Fujifilm, and Canon have solidified their dominance in Korea. However, local brands such as Sindoh Co., Unijet, and Gosan Tech are ready for the competition and have earned reputable names in the country.

The vendors of inkjet printers are focused on introducing new products to consumers in the country. These latest offerings push the boundaries of what printers can accomplish. The constant release of new products also sustains the momentum of inkjet printer adoption in Korea.

Recent Developments Observed in Inkjet Printers in Korea

In May 2022, HP Printing Korea opened a research and development center in Korea. The center’s focus is not limited to Korea, as it intends to assist the Research and development operations of HP throughout the world.
In January 2023, beauty brand L’Oréal bought a minority stake in Korean startup Prinker Korea.
In January 2023, the Korean government chose Unijet to be the supplier of inkjet printers for a development project in the country. Unijet beat out industry competitors Gosan Tech and Top Engineering for the contract.

Some of the Key Players with Inkjet Printers in Korea

HP Inc.
Canon Inc.
Seiko Epson Corporation
Domino Printing Sciences plc
Brother Industries Ltd.
Hitachi Industrial Equipment Systems Co., Ltd.
Inkjet Inc.
Xerox Corporation
Videojet Technologies, Inc.
Markem-Imaje Corporation
Lexmark International, Inc.
Sindoh Co.
Unijet
Gosan Tech
Top Engineering

Scope of the Report

Attribute	Details
Estimated Industry Size in 2023	US$ 1.5 billion
Projected Industry Size in 2033	US$ 2.6 billion
Anticipated CAGR between 2023 to 2033	5.9% CAGR
Historical Analysis of Demand for Inkjet Printers in Korea	2018 to 2022
Demand Forecast for Inkjet Printers in Korea	2023 to 2033
Report Coverage	Industry Size, Industry Trends, Key Insights for Inkjet Printers in Korea, Insights on Leading Players and their Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled	HP Inc.; Canon Inc.; Seiko Epson Corporation; Domino Printing Sciences plc; Brother Industries Ltd.; Hitachi Industrial Equipment Systems Co., Ltd.; Inkjet Inc.; Xerox Corporation; Videojet Technologies, Inc.; Markem-Imaje Corporation; Lexmark International, Inc.; Sindoh Co.; Unijet; Gosan Tech; Top Engineering
Key Cities Profiled	South Gyeongsang, North Jeolla, South Jeolla, Jeju

Key Segments

By Technology Type:

Continuous Inkjet
Drop on Demand
- Thermal DOD
- Piezoelectric DO

By Substrate:

Plastic
Metal
Paper
Fabric
Ceramic
Others

By City:

South Gyeongsang
North Jeolla
South Jeolla
Jeju

Frequently Asked Questions

What is the Industry Size of Inkjet Printers in Korea?

The industry size of inkjet printers is estimated to be US$ 1.5 billion in 2023.

At what Rate are Inkjet Printers Growing in Korea?

Inkjet printers are forecasted to grow at a rate of 5.9% in Korea.

What Strategies are Inkjet Printer Providers in Korea Employing to Drive Sales?

Technological advancements and providing multiple products are two strategies inkjet printer providers use to drive sales in Korea.

What is the Preferred Technology Type in Inkjet Printers in Korea?

Continuous inkjet is the preferred technology type in Korean inkjet printers.

What Substrate is Most Commonly Used in Korean Inkjet Printers?

Paper is the most commonly used substrate in Korean inkjet printers.

Table of Content

1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Printer Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Printer Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Printer Type, 2023 to 2033
5.3.1. Single Functional Printer
5.3.2. Multifunctional Printer
5.3.3. Large Format Printer
5.3.4. Industrial
5.3.5. Textile Printers
5.3.6. Inkjet Press
5.4. Y-o-Y Growth Trend Analysis By Printer Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Printer Type, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Technology Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology Type, 2023 to 2033
6.3.1. Continuous Inkjet
6.3.2. Drop on Demand
6.3.2.1. Thermal DOD
6.3.2.2. Piezoelectric DOD
6.4. Y-o-Y Growth Trend Analysis By Technology Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Technology Type, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Substrate
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Substrate, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Substrate, 2023 to 2033
7.3.1. Plastic
7.3.2. Metal
7.3.3. Paper
7.3.4. Fabric
7.3.5. Ceramic
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By Substrate, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Substrate, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End-user Industry
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-user Industry, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-user Industry, 2023 to 2033
8.3.1. Consumer
8.3.2. Institutional
8.3.3. Industrial
8.3.3.1. Packaging
8.3.3.2. Publishing
8.3.3.3. Photography
8.3.3.4. Textile
8.3.3.5. Advertisement
8.4. Y-o-Y Growth Trend Analysis By End-user Industry, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End-user Industry, 2023 to 2033
9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of Korea
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Printer Type
10.2.2. By Technology Type
10.2.3. By Substrate
10.2.4. By End-user Industry
10.3. Market Attractiveness Analysis
10.3.1. By Printer Type
10.3.2. By Technology Type
10.3.3. By Substrate
10.3.4. By End-user Industry
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Printer Type
11.2.2. By Technology Type
11.2.3. By Substrate
11.2.4. By End-user Industry
11.3. Market Attractiveness Analysis
11.3.1. By Printer Type
11.3.2. By Technology Type
11.3.3. By Substrate
11.3.4. By End-user Industry
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Printer Type
12.2.2. By Technology Type
12.2.3. By Substrate
12.2.4. By End-user Industry
12.3. Market Attractiveness Analysis
12.3.1. By Printer Type
12.3.2. By Technology Type
12.3.3. By Substrate
12.3.4. By End-user Industry
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Printer Type
13.2.2. By Technology Type
13.2.3. By Substrate
13.2.4. By End-user Industry
13.3. Market Attractiveness Analysis
13.3.1. By Printer Type
13.3.2. By Technology Type
13.3.3. By Substrate
13.3.4. By End-user Industry
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Printer Type
14.2.2. By Technology Type
14.2.3. By Substrate
14.2.4. By End-user Industry
14.3. Market Attractiveness Analysis
14.3.1. By Printer Type
14.3.2. By Technology Type
14.3.3. By Substrate
14.3.4. By End-user Industry
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Printer Type
15.3.3. By Technology Type
15.3.4. By Substrate
15.3.5. By End-user Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. SINDOH Co., Ltd
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. UniJet
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. INTERMAC
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. d.gen
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Moorim Chemtech Co., Ltd
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. HP Inc.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Canon Inc.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Seiko Epson Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Domino Printing Sciences plc
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Brothers Industries Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. Hitachi Industrial Equipment Systems Co., Ltd.
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
16.1.12. Xerox Corporation
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
16.1.12.5.2. Product Strategy
16.1.12.5.3. Channel Strategy
16.1.13. Videojet Technologies, Inc.
16.1.13.1. Overview
16.1.13.2. Product Portfolio
16.1.13.3. Profitability by Market Segments
16.1.13.4. Sales Footprint
16.1.13.5. Strategy Overview
16.1.13.5.1. Marketing Strategy
16.1.13.5.2. Product Strategy
16.1.13.5.3. Channel Strategy
16.1.14. Markem Imaje Corporation
16.1.14.1. Overview
16.1.14.2. Product Portfolio
16.1.14.3. Profitability by Market Segments
16.1.14.4. Sales Footprint
16.1.14.5. Strategy Overview
16.1.14.5.1. Marketing Strategy
16.1.14.5.2. Product Strategy
16.1.14.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology

Inkjet Printer Industry Analysis in Korea

Inkjet Printer Industry Analysis in Korea by Continuous Inkjet and Drop on Demand Technology Type through 2033