In its “The Future of Digital Printing to 2032,” Smithers reports that the market for digital inkjet and toner technologies will reach $136.7 billion in 2022. With continued strong demand, this value will increase at a compound annual growth rate of 5.7% (CAGR) until 2027, then at 5.0% for 2027-2032. By 2032, the market value will be $230.5 billion.
Sales of inks, toners, new equipment and post-purchase support services will also generate revenues worth a combined $46.1 billion in 2032. During this period, global digital print volumes will grow from 1.66 trillion A4 impressions in 2022 to 2.91 trillion – a CAGR of 4.7%.
The post-coronavirus landscape will actively favor digital production as the market sees run lengths decrease further, print orders continue to move online, and personalization and personalization increase.
Smithers says the fastest growing sectors for digital will be packaging, book printing and commercial printing. He highlighted five reasons why inkjet and toner systems will continue to redefine these global markets over the next decade. They are:
1. Line finishing – Growth in sheet-fed and rotary digital presses with in-line finishing and higher throughput machines, pushing production to 20 million A4 prints per month.
2. Increased color gamuts – The addition of fifth or sixth color stations offering digital printing enhancement options, such as metallic printing or spot varnishes, as standard.
3. Improved inkjet resolution – The development of 3,000 dpi printheads that can operate at 300 m/min by 2032.
4. Sustainable evolution – Aqueous solutions will gradually replace solvent-based inks.
5. Versatility of the substrate – A wider range of paper and board substrates optimized for digital production while new inks and surface coatings will allow inkjet to match the quality of offset with only a small premium.
The efficiencies provided by inline finishing through highly automated planning, production and fulfillment, combined with economies of scale, will be showcased when Ricoh attends Spring Forward With Tecnau on June 9th. Here, Christian Haneke, Innovation & Solutions Manager at Sattler Media Group, will explain how the operation is transitioning from analogue printing thanks to the capabilities of the Ricoh Pro VC70000 continuous feed digital inkjet press which incorporates the Europe’s first combined Tecnau U40 line.
About the Author: Sander Sondaal is Director, Commercial Print Sales, Graphic Communications Group, Ricoh Europe