Global Printing Machinery Market Overview Source

Printing Machinery Market Size was valued at USD 22.1 Billion in 2022. The Printing Machinery market Type is projected to grow from USD 23.2 Billion in 2023 to USD 34.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.10% during the forecast period (2024 - 2032). The increasing investments in packaging printing machinery and the introduction of 3D printing, are the key market drivers enhancing the market growth.

Printing Machinery Market Trends

Launch of new products with improved capabilities is driving the market growth

Launch of new products with improved capabilities by key players in the industry have always kept the Printing Machinery market competitive. In 2020 Memjet introduced a new technology called DuraFlex. DuraFlex produces industry-leading speed and quality at an affordable price. As DuraFlex is modular, OEMs can develop printing machinery and get them to the market faster and at an affordable price. Since 2019, large printers have struggled to remain profitable while smaller printers have witnessed increase in profitability. As consumers become more conscious about their choices' environmental impact, ink manufacturing companies are working on eco-friendly inks. Soy-based ink as opposed to petroleum-based ink is gaining popularity as it is environment friendly while providing accurate colors and it making it easier to recycle paper. These type of environment-friendly inks are gaining popularity as corporate sustainability becomes more main stream.

Mark Andy, Inc. a global manufacturer of narrow web presses, acquired Presstek LLP in 2018 and now serves as one of the very few full-complement providers to the global graphics arts and print industry. The introduction of nanotechnology in printing has the potential to increase scope for the market’s growth. Nanotechnology has both digital and offset printing with respect to speed and quality. Such innovations will prove to be a driving force for the Printing Machinery manufacturing market. In the forecast period, web-to-print and label printing technologies are expected to be a major driver of the Printing Machinery market.

The Printing Machinery Industry has a significant growth potential and is expected to grow at a considerable rate in the next few years. A printer is an output device that produces texts or images on a medium known as a ‘substrate’. A printer cannot draw a continuous line on the substrate whereas a plotter can draw a continuous line on the substrate. Digital printers are often connected with computers either wirelessly or through a USB cable. Printing machinery are widely used in industries for printing various forms of information such as texts, images, warnings and designs on mediums such as paper, cloth, metal, plastic and glass. The printing machinery market has been gaining more and more importance in the manufacturing industry and the development in 3D printing technology is expected to boost the printing machine market growth.

One of the most popular printing processes is offset printing, which is used for a variety of purposes including packaging, book notes, and marketing collateral. Offset printing may be used to print anything, which raises the need for printing equipment in the marketplace. The primary reason for the rise in demand for printing equipment and what is anticipated to drive the market growth rate are the numerous applications for this printing method, including documents, magazines, business cards, letterhead, catalogs, booklets, newspapers, books, legal forms, business forms, brochures, calendars, invitations, flyers, the packaging industry, and many more.

The demand for processed foods in the industry has increased the need for detailed printing to indicate the important nutritional requirements, ingredients, price, etc. on the packaging, which has further enhanced the growth of the printing machine industry. As a result, the demand for printing machines in the food and beverage sector is also anticipated to increase. Thus, driving the Print Machinery market revenue.