Report ID: UCMIG20D2156
Report ID:
UCMIG20D2156 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The 2019 global inkjet printers market had a total value of USD 34.24 billion, and it is anticipated to experience a 5.3% compound annual growth rate (CAGR) from 2020 to 2027. The packaging sector is currently undergoing significant expansion on a global scale, primarily driven by heightened demand from industries like e-commerce transportation, food and beverages, personal care, household care, and healthcare, all of which require efficient packaging solutions. This surge in demand for inkjet printers, particularly for packaging applications, stands out as a key factor propelling market growth. Inkjet printers, which operate without physical contact, produce digital images by expelling ink droplets through nozzles onto paper and plastic substrates.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20D2156