Industry News
Inkjet print market in 2020 is worth $80.4 billion and still set to rise
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equivalent to 923 billion A4 prints, and is expected to reach $118.2 billion in 2025 according to latest Smithers’ report The Future of Inkjet Printing to 2025. Growth will continue as high- performance technology comes to market with printers and converters spending $3.9 billion on new inkjet equipment, up from $2.9 billion in 2015. Inkjet ink consumption in graphics and packaging applications is to be nearly 124,000 tonnes, more than twice the 2015 volume.
Inkjet printing growth moderates slightly to 2025, averaging 11.4% CAGR by volume and 8.0% in constant value terms as more applications become mainstream, reaching $118.2 billion in 2025, nearly 1.6 trillion A4s. All inkjet sectors are growing – even applications where the overall print market is falling, which is the case for much publishing and graphics. Inkjet suits the changing demands of print buyers because it can meet the
he inkjet print market is currently worth $80.4 billion, almost the
changing preferences of consumers better than the analogue alternatives. The continuing technological developments, together with the greater experience of print providers, combine to make inkjet competitive against litho, flexo, gravure, screen and digital toner printing.
As inkjet press performance improves, the economic crossover moves to longer runs, making it ever more interesting for print service providers and packaging converters. Hence the high levels of growth. Smithers’ analysis for The Future of Inkjet Printing to 2025 identifies the following key trends and drivers leading to inkjet printing growth over the next five years: ● Flexibility and agility – Inkjet allows print companies to become more agile and responsive to customer requirements. ● Benefit of digital capability – The ability to print only what is needed on demand with no physical master promotes efficiency in the production and supply chain; total variability is possible.
The Print Showis postponed until 2021 T
he organisers of The Print Show and new sister event The Sign Show have confirmed that the event will be postponed until September 2021 due to the ongoing coronavirus pandemic.
The show had been due to take place at the NEC in Birmingham from September 27 to 29, but will now run from September 28 to 30 next year. Event director Chris Davies said that while every effort had been made to go ahead with the event, it has become clear that restrictions caused by COVID-19 mean that hosting the show this year would not be possible. He added: “Before anything else, the health and safety of our exhibitors and guests is our number one concern, and while it was a difficult decision, we believe this is the right course of action. “While we hope the situation with COVID-19 will have improved by September, there is no guarantee that the event would be permitted to go ahead due to the current government restrictions.
“The government is yet to make any announcements as to when large gatherings or events can take place again, and we have to be realistic. Planning to host a large-scale event like The Print Show this year is just not
| 12 | July 2020
● New technology – Higher- performance machines, offering very high quality and reliability are coming to market, heavily promoted by manufacturers. Integrated manufacturing methods, linking prepress with printing and finishing in a single-pass operation, changes the economics of product manufacture, rather than just printing ● Non-impact printing – Inkjet can be used to print onto very delicate irregular materials. ● Retail supply chain changes – Growth in e-commerce (and now m- commerce) allows retailers to use the transit packaging as a vehicle to communicate with their consumers and widen the functions of packaging, and to engage with consumers in new ways while improving their experience of receiving a pack. ● Sustainability – Potential overall advantages against analogue alternatives with less waste and use of chemicals and materials. Only printing what is required at any time helps eliminate redundancy throughout the supply chain.
feasible, given the level of uncertainty as to what situation the UK will be in come September.
“Therefore, we have decided that the best course of action would be to postpone both The Print Show and sister event The Sign Show until next year, when we hope the worst of the crisis will have subsided.”
Mr Davies also revealed that The Print Show has reached an agreement with many of the companies that had already signed up to attend in 2020 to instead exhibit at the rearranged event next year. He said: "We’re finalising the details with our exhibitors and we’ll be making a
number of announcements in the coming weeks and months, but it is fantastic to see this level of confidence in the show. “I’ve been touched by the amount of support our exhibitors have offered and I will be delighted to welcome them to the rearranged edition of The Print Show next year. “We remain fully committed to delivering a quality event that solely focuses on the UK printing industry. The Print Show is the only event dedicated to the UK market and as we emerge from lockdown and build for a brighter future, we believe our event will play a key role in this recovery process.”
www.printwearandpromotion.co.uk
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