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The global inkjet printers market grew at a CAGR of around 8% during 2015-2020. Inkjet printers are peripheral devices that create high-quality images by spraying tiny droplets of liquid ink onto paper with precision. These printers are compact, affordable, lightweight and easy to use as compared to conventional printers. Consequently, they are widely used in the commercial printing of books, signs, billboards, T-shirts and food labels. With the introduction of portable inkjet printers that provide a variety of colors and flexibility in print systems, their applications are expanding worldwide.
A significant need for cost control is increasing the adoption of digital printing, which produces less waste and uses relatively fewer chemicals and materials. This represents one of the key factors impelling the growth of the inkjet printers market. Additionally, the widespread adoption of Big Data and the Internet of Things (IoT), along with the increasing utilization of inkjet printers in the food and beverage (F&B) industry for packaging purposes, is fueling the market growth. Apart from this, as these printers allow personalized printing of products in real-time, they are gaining traction to provide print on demand, improve productivity on short runs and eliminate the need for Minimum Order Quantity (MOQ). Furthermore, with the development of high-speed inkjet printers that can print on a broad range of substrates, their applications are expanding in the biomedical and textile industries. The emerging trend of sustainable printing is anticipated to increase the adoption of inkjet printers in the automotive and aviation industries. Looking forward, IMARC Group expects the global inkjet printers market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global inkjet printers market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, technology and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Brother Industries Ltd., Canon Singapore Pte. Ltd. (Canon Inc.), HP Inc., Inkjet Inc., Keyence Corporation, Konica Minolta Inc., Mimaki Engineering Co. Ltd., Pannier Corporation, Seiko Epson Corporation, Videojet Technologies Inc. (Danaher Corporation) and Xerox Corporation.
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