Printing machines are industrial systems used for commercial printing of various products like newspapers, packaging materials, magazines, books and more. Printing machines offer benefits like high speed printing, mass production capabilities and consistency in print quality. With growing environmental concerns, there is an increasing need for sustainable and eco-friendly printing solutions.
The global Printing Machine Market is estimated to be valued at US$ 98.72 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends gaining traction in the printing machine market is the growing adoption of environment friendly printing solutions. With rising awareness about reducing carbon footprint, many printing companies are focusing on developing green printing technologies. For instance, manufacturers are coming up with printers that use plant-based inks made from sustainable sources like soy and vegetables oils. Such eco-friendly inks help lower volatile organic compound emissions. Furthermore, manufacturers are designing printers with less plastic parts and ability to use recycled papers. They are also developing technologies like dry toners that eliminate use of chemical solvents. The trend towards sustainable printing is expected to continue in coming years thereby propelling the demand for new generation green printing machines.
SWOT Analysis
Strength: Printing machines offer automated production solutions that improve efficiency and reduce production time. They are capable of handling high volume printing jobs with ease and consistency.
Weakness: Initial investment required for installation and setup of printing machines is considerably high. Frequent technological advancements result in shorter life cycles of printing machines.
Opportunity: Growing usage of digital printing for customized packaging and labeling applications presents an opportunity for manufacturers. Rising demand from e-commerce and online shopping industries also favors market growth.
Threats: Pirated and low-quality consumables negatively impact revenues of printing machine manufacturers. Adoption of digital technologies like 3D printing poses a potential threat to conventional printing solutions.
Key Takeaways
The Global Printing Machine Market Size is expected to witness high growth. It was valued at US$ 98.72 Mn in 2024 and is projected to reach US$ 141.55 Mn by 2031, expanding at a CAGR of 5.9% during the forecast period.
Regional analysis - Asia Pacific dominates the global market and accounted for around 35% of the overall share in 2024. This can be attributed to the presence of major manufacturing hubs and the large consumer base in countries such as China and India. The demand is also growing from other Asian economies like Japan, South Korea, and Indonesia.
Key players - Key players operating in the printing machine market include CHEP, PalletOne, John Rock, Millwood, Brambles, CABKA North America, United Pallet Services, Pacific Pallet, Midland Pallet LLC, and The Nelson Companies. These companies are focusing on new product developments and integrating advanced technologies such as artificial intelligence, robotics, and IoT in their offerings.
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