As per the latest industry survey conducted by Future Market Insights, the sharp rise in demand for printing solutions has resulted in exponential growth in sales of large character printers across the globe.
According to the future growth projections the global large character printers market is anticipated to register growth at 6%-6.5% CAGR over the forecasted period between 2021 and 2031. Sales of large character printers are estimated to reach millions of units, due to the high demand for large-sized printing solutions.
The continuous research & development and need assessment are done by the key printing solutions manufacturers across the globe, witnessed a huge demand for printers that facilitates easy printing of large-sized characters on the various packages and materials, resulting in the development of large character printers.
Increased market popularity of large character printers due to high demand for attractive graphics and texts printed upon final product or packaging is gaining traction among the modern-day consumer bases, which further ensures the future expansion of the global large character printers market.
Key global players are trying to penetrate the emerging markets by positioning these large character printers as fast-paced printing solutions as best suited for all types of industrial facilities in which small and medium-sized printers may result as an expensive printing solution.
The usage of large character printers helps the end-user industries to eliminate the need for expensive labels and pre-printed packaging solutions, instead of them allowing them to print specific barcodes, QR codes and data as per their specific needs. Also, the ink wastage by using these types of printers is less and the cost-effective printing feature of large character printers fuels the future demand for the same.
Large character printers are suitable for printing on all types of surface whether porous or non-porous surfaces of boxes, cartons, pamphlets, banners and many other rough and smooth surfaces make it a suitable printing solution for a large number of end-user industries, as these printers ensure that all products are coded is regarded as reliable printing solutions for a variety of applications.
Expansion of dairy products, food & beverage and many other industries witnessing a robust rise in demand makes large character printers with maximum uptime as their preferred printing solutions for all types of offerings. The large ink canister allows the end-user to print tens of thousands of prints which increases the operational efficiency and helps them to achieve increased production goals.
The large character printers are non-suitable for printing small-sized characters, graphics and texts as these printers are designed for heavy-duty usage for printing on large surface applications, which hampers the future growth of the global large character printers market.
Most of the manufacturers claim that their large character printers offer high-resolution printing on all types of surfaces, but actually, the quality of the print varies from surface to surface, in return the above mentioned is anticipated to have a negative impact on global sales of large character printers.
The large character printers are non-suitable for printing small-sized characters, graphics and texts as these printers are designed for heavy-duty usage for printing on large surface applications, which hampers the future growth of the global large character printers market.
Most of the manufacturers claim that their large character printers offer high-resolution printing on all types of surfaces, but actually, the quality of the print varies from surface to surface, in return the above mentioned is anticipated to have a negative impact on global sales of large character printers.
Key global players leading the global large character printers market are eyeing the emerging regions to position their fast-paced and cost-effective printing solutions in the larger untapped markets, which offers profitable growth opportunities for major players to capitalize over the upcoming decade.
Ease and convenience to use are major attributes the modern-day industries as well as a consumer look for in each product or service they buy, to make the large character printers more user-friendly some top producers are offering printers with touch screen which simplifies the user interface and makes the overall printing solution easier to operate.
In all types of production facilities, the downtime of the machines results in a loss or expense for the particular end-user industry, to tackle these ongoing problems faced by end-user industries, the marketers and producers of large character printers have come up with printers whose tanks can be topped up while the printer is running.
Hence, the adoption of large character printers eliminates downtime and allows the end-user industry to print round the clock in all conditions.
The recent boom witnessed in demand for food & beverages across the country, along with strict marking and coding laws made compulsory for all types of consumable items by regulatory authorities, makes the US the largest market for large character printers in the North American region.
Also, the presence of the world’s largest large character printers in the country along with promising growth opportunities exhibited by major end-user industries ensures further increased demand for large character printers across the US. Moreover, over the forecasted decade the US is anticipated to remain a major market for large character printers among all other countries of North America.
Exponential growth witnessed by the pharmaceutical industry and rising awareness regarding proper printing and marking on large-sized packages in the country, along with rapid industrialization makes India the most lucrative market for large character printers across the South Asian region.
Also, the low-cost market penetration strategies used by key global players of the large character printers market is estimated to further result in increased acceptance of large character printers in the country.
Being a global manufacturing hub, China is home to several manufacturing industries that cater the global needs by producing there and exporting across the regions. The recent rise in the number of personal care & cosmetics industry in the country resulting in a sharp rise in demand for large character printers.
In addition to that, the key domestic players offering large character printing solutions at cost-effective rates make China the largest market for large character printers among all countries of the globe.
Due to the recent outbreak of the covid-19 pandemic, the provincial governments and regulatory authorities enforced strict lockdown to curb the further spread of the virus among humans. Also, the lockdown resulted in discrepancies for all types of supply chains and had a negative effect on all types of manufacturing activities else than food & beverages and pharmaceutical supplies.
The pandemic situation had a negative impact on the global sales of large character printers, as a large part of major end-user industries were not allowed to function. Despite the negative impact, the demand for large character printers across the food & beverage industries was largely unaffected, also after the pandemic ends the sales of large character printers is projected to showcase a sharp rise over the upcoming decade.
Explore Similar Insights
Large Character Printers Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
