The printing industry has been adopting sustainable practices and eco-friendly materials due to increasing environmental consciousness. These practices include using recycled papers, vegetable-based inks, and energy-efficient equipment. Additionally, digital processes have led to a reduction in waste generated from traditional printing methods. Thus, technological advancements have played a significant role in ensuring the sustainability of printing practices. Digital printing technologies allow for on-demand printing and customization, reducing waste from overproduction. Additionally, the development of eco-friendly inks, recycled papers, and energy-efficient printing equipment have made it easier for printing companies to adopt greener practices without compromising quality. In November 2022, Xaar plc, a British company that supplies industrial inkjet printheads, launched Xaar Aquinox printhead. The print head is optimized with the company’s Chevron Architecture to deliver high-quality, energy-efficient, and reliable printing performance with water-based fluids. Thus, the growing environmental concern is encouraging the printing machinery and equipment market players to invest in new product development activities which is further augmenting the printing machinery and equipment market growth.
Manufacturers play a crucial role in the printing machinery and equipment market ecosystem. They design, develop, and produce machinery and equipment for various industries and applications. Manufacturers range from large multinational corporations to small, specialized companies, each offering a wide range of products to meet specific customer needs. Xerox Holdings Corporation, manroland Goss, Canon Inc, HP Development Company LP, Presstek, 3D Systems Inc, Komori Corporation, Honeywell International Inc, Toshiba, and Zebra Technologies Corp are a few leading companies operating in the printing machinery and equipment market.
End users are businesses or individuals who utilize machinery and equipment for their operations. Manufacturing, transportation & logistics, mass media communication, and textile are a few end-use industries. End users have specific requirements and preferences based on their industry needs, efficiency considerations, and technological advancements.
Printing Machinery and Equipment Market: Industry Overview
Effective packaging plays a vital role in branding and marketing strategies. Companies increasingly invest in high-quality and visually appealing packaging designs to differentiate their products and attract consumers. Printing machinery and equipment enable manufacturers to print vibrant colors, intricate designs, and logos on packaging materials, meeting the branding needs of companies. In April 2023, SIG’s investment in the RotaJET 168 Digital Printing Machine by Koenig & Bauer demonstrated the growing significance of digital printing technology in the packaging industry, particularly for aseptic carton packs. This investment enables SIG to offer personalized and visually appealing packaging solutions to its customers, catering to the increasing demand for customization.
The packaging industry experiences robust growth due to rising consumer demand for packaged goods across various sectors, such as food & beverages, pharmaceuticals, cosmetics, and consumer goods. As a result, there is a higher requirement for printing machinery and equipment to produce attractive and informative packaging materials. According to the World Packaging Organization (WPO), the size of the global package printing industry is anticipated to increase from US$ 352.1 billion in 2020 to US$ 433.4 billion by 2025. Thus, the expanding packaging industry is driving the printing machinery and equipment market growth.
The printing machinery and equipment market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, North America led the market with a substantial printing machinery and equipment market share, followed by Asia Pacific. Further, Asia Pacific is expected to register the highest CAGR in the printing machinery and equipment market from 2022 to 2030.
Printing Machinery and Equipment Market: Competitive Landscape and Key Developments
Xerox Holdings Corporation, manroland Goss, Canon Inc, HP Development Company LP, Presstek, 3D Systems Inc, Komori Corporation, Honeywell International Inc, Toshiba, and Zebra Technologies Corp. are among the key printing machinery and equipment market players profiled during this study. In addition, several other important market players were studied and analyzed during the course of this market study to get a holistic view of the market and its ecosystem.
- In 2021, Komori Corp announced the signing of a fundamental agreement on the 40-inch Sheetfed Nanographic Printing System Impremia NS40 with Artron Art Group Co., Ltd. (Shenzhen, Guangdong Province, China).
- In 2022, Xerox Elem Additive Solutions and Vertex Manufacturing, A PrinterPrezz Company, entered into an agreement to install the Xerox ElemX 3D Printer at Vertex’s Cincinnati plant and begin offering contract manufacturing services using Xerox’s liquid metal capabilities.