The global emerging inkjet printing market is said to grow at a CAGR of 24.6 percent by 2023.
According to the “Global Emerging InkJet Printing Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023 report” the global emerging inkjet printing technologies market is anticipated to rise with a CAGR of about 24.6 percent during the forecast years 2016-2023.
The surging demand for high-resolution printing technologies is promoting strong growth in the market. Some other factors that include increasing applications of ink jet printing in textile industries, high investments in the development of novel applications of ink jet printing technology, high demand of ink jet printers for manufacturing printed electronics and surging utilisation of advanced ink jet printers in 3d printing also help to back the market growth.
For the purpose of the report the global emerging inkjet printing technology market has been segmented on the basis of applications and technology. On the basis of applications, the market has been segregated into product decoration application, flavouring and fragrance application, life science and medical, chemical, 3D printing, energy and optics application.
On the basis of inkjet printing technologies, the market has been segmented as drop on demand inkjet printing technology and continuous inkjet printing technology. Drop on demand technology offers advanced printing solutions that include high-resolution printing, decoration on 2 dimensional and 3-dimensional applications and variable information.
Moreover, as compared to continuous ink jet printers, drop on demand inkjet printing provides precise control of ink that can yield 600 to 2400 or higher dpi. As a result, drop on demand inkjet printing technology is leading the market. Utilisation of this technique in industrial and medical applications such as case coding, metals, bags, drug discoveries and multiple automated micro titration and others are the prime factor contributing towards its growth.