Industry News

Strong Demand for Ink-jet Printer Application

Date of Issue:2022-06-20

North America, represented by the United States, occupies an important position in the ink-jet printer ink market and will still have great competitive advantages for a long time in the future.

Ink jet printer refers to a device with printing (non printing) function that turns ink into fine particles and sprays them onto printing paper through the nozzle. The ink used in ink-jet printer is a kind of product that is sprayed on the surface of the substrate with the help of the power of electric field to produce images or words. It is stable, non-toxic, does not block the nozzle, has good moisture-proof and spraying ability, has no corrosion effect on the nozzle and other metal objects, and is not easy to burn and fade.

In recent years, with the continuous development of e-commerce transportation and shipping, personal care, food and beverage, medical care and other markets around the world, the demand for packaging applications is also expanding, which has stimulated the public's demand for inkjet printer products used for packaging production. Its market size is expected to continue to increase at a rate of about 5% from 2021 to exceed US $62.5 billion by 2030. In this context, the application demand of inkjet printer ink is also growing rapidly, and the future development prospect of the market is considerable.

According to the in-depth research and analysis report on the US ink jet printer ink market from 2022 to 2026 released by the new thinking Industry Research Center, with the continuous development of the ink jet printer market worldwide, the scale of the ink jet printer special ink market has also increased, reaching nearly 10 billion US dollars by 2020. In terms of regional distribution, North America is the largest revenue market of the global ink-jet printer industry, with a market size of about US $4.1 billion in 2020, accounting for more than 40% of the global market share; The second is the European region, which accounts for nearly 20% of the global market with a market size of US $1.9 billion; China is the third revenue market for inkjet printer inks in the world, with a market size of nearly US $1.9 billion and a share of about 19%. It can be seen that North America, represented by the United States, occupies an important position in the ink-jet printer ink market and will still have great competitive advantages for a long time in the future.

From the perspective of market structure, at this stage, the three giants in the global inkjet printer ink industry are HP, Epson Epson and Canon Canon. Among them, HP is a multinational technology company headquartered in Palo Alto, California. The company integrates R & D, production and sales. Its main products include notebook computers, all-in-one computers, desktop computers, tablet computers, scanners, printing and consumables, projectors, etc., accounting for more than 31% of the market share in 2020; Epson and canon, both Japanese electronics companies, are major manufacturers of computer printers, information and imaging related equipment in the world, with a total market share of 26%. It can be seen that American enterprises still occupy a leading position in the global spray printer ink market.

According to the U.S. market analyst of xinsijie, in recent years, with the increasing demand for inkjet printers in the downstream market, the ink market of inkjet printers has become more and more powerful. Among them, American ink-jet printer ink enterprises have always occupied an important position. However, with the improvement of people's living standards, industrial production has brought more and more pressure and pollution to the human living environment. Paying attention to environmental protection has been the aspiration of the people, which also makes the UV ink with green and environmental protection properties expected to replace the solvent ink as the mainstream product in the ink-jet printer ink market in the future.

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