Future Market Insights predicts that the global direct to shape (DTS) inkjet printers market is projected to expand twice its current value by the end of 2030. The increasing direct to shape inkjet printers demand for economic and high-speed printing from packaging converters is expected to drive the DTS inkjet printers market.
The concept of direct to shape inkjet printer remains a game-changer, as it widens the perspective for branding and offers high-resolution image quality. DTS inkjet printers can be used on a variety of shapes and curvatures made of various materials like glass, plastic, metal, and cardboard amongst others.
This allows brands to customize product design, bolstering the demand for DTS inkjet printers in the market. Thus, the rising demand for products with complex designs is expected to bode well for the market during the forecast period.
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Analysts anticipate that the key driver behind the growth of direct to shape inkjet printers is the high performance and mass customization offered by such printers. The fact that DTS inkjet printers allow packaging converters to interconnect with consumers by enhancing brand recognition in diverse ways to surge reliability is expected to drive the market.
Key Takeaways of Direct-to-Shape Inkjet Printers Market
- Food is estimated to be the key end user of direct to shape inkjet printers market as it is poised to account for nearly quarter of the total market in 2020.
- Plastic to account for the lion’s share with an incremental opportunity of US $877 Millions by 2030
- Bottles and cans cumulatively account for nearly 40% off the global direct to shape inkjet printers market by value, as the segment aims to reach over US $1 Bn by 2020 end.
- Solvent-based inks to lead the direct to shape inkjet printers market, clocking CAGR of 9.3% during the forecast period
- North America represents an incremental opportunity of almost US $700 Millions by 2030 with presence of large number of inkjet printer manufacturers in the region
- South Asia represents most lucrative region in terms of CAGR in the direct to shape inkjet printers market
“Key manufacturers are entering into strategic partnerships and collaborations with graphic manufacturers and digital solution providers to innovate and build on offerings within the market. The strategy helps the manufacturers in enhancing its product portfolio with the release of new products, creating opportunities to expand to new horizons,” says an FMI analyst.
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Rapid Expansion of End-use Industries fueling Growth of the Direct To Shape Inkjet Printers Market
The extensive use of direct to shape inkjet printers for printing applications is increasing. Color consistency and efficiency play a crucial role in food and beverage packaging. DTS inkjet printers market offers excellent color consistency as well as high-speed print runs, which are preferred by food and beverage packaging converters. This has been identified as the key factor augmenting the brand image, giving the players a competitive edge.
Also, the benefits of direct to shape inkjet printers such as high-quality graphic design and versatility toward a wide variety of substrates are boosting the market.
Moreover, DTS inkjet printers outperform in different aspects such as reduced processing time, material saving, and increased efficiency of industrial production by operating on flexible volume as per customer’s requirement. Such factors are responsible for accelerating the market growth during the forecast period.
The short-run capability of direct to shape inkjet printers enables packaging converters to print the exact quantity required and thereby reduces the need for long print runs. Hence, direct to shape inkjet printers are widely accepted in end-use industries for printing.
Impact of COVID-19
Amidst the coronavirus outbreak, direct to shape inkjet printers market is expected to plummet as industrial production of various end-use segments such as like food and beverage, cosmetics, and fashion comes to a near halt. However, the pharmaceutical industry is expected to project at a CAGR of 8.2% during the forecast period, owing to the increased use of medical products like vials, bottles, etc.
Thus, FMI predicts that the demand for DTS inkjet printers will be high in the pharmaceutical sector in the coming months as the healthcare systems grapple to deal with the ongoing COVID-19 pandemic.
Printing requirements on vials, bottles and medicines amongst others will offer DTS inkjet printers excellent opportunities in the next few months.
Direct to Shape Inkjet Printers Market Landscape
Key players in the market hold more than 10% in the global direct to shape inkjet printers market. The key players operating in the global direct to shape inkjet printers market include Heidelberg USA, Inc., Xaar plc. Tonejet Limited, Isimat GmbH Siebdruckmaschinen, Koenig & Bauer Kammann GmbH, Velox Ltd., Mimaki Europe B.V., O.M.S.O. SpA, Xerox Corporation, Epson America, Inc., Roland DG Corporation, INX International Ink Co., and Engineered Printing Solutions, Inc. among others.
Direct to Shape Inkjet Printers Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global direct to shape inkjet printers market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030.
The study reveals growth projections on the plastic pails market based on ink type (The solvent-based, Water-based, and UV curable inks.); substrate type (plastic, glass, metal, paper, fabric, wood); By application of bottles, cans, drums, folding cartons and others (bags, trays)); by end-use food, beverages, pharmaceuticals, cosmetics, personal care and home care, chemicals, and others automotive, etc.) and across seven regions