India Inkjet Printer Market Size

India Inkjet Printer Market Analysis

The India Inkjet Printer Market is anticipated to register a CAGR of 3.85% over the forecast period. Inkjet printers perform a better job of blending smooth colors compared to laser printers. Inkjet printers have a low start-up cost. The printers are less expensive than laser printers, and inkjet ink cartridges are cheaper than toner cartridges. As markets and consumers continue to evolve rapidly, several brand owners and label converters are realizing inkjet printing is the best option to keep up with modern trends like fast availability and personalization.

• Contemporary inkjet printers use two leading technologies: drop-on-demand (DOD) and continuous inkjet technology(CIJ). Continuous inkjet technology uses a high-pressure pump to direct liquid ink from an ink reservoir using a microscopic nozzle gun body, creating a constant stream of ink drops. The continuous inkjet method is applicable for coding and marking products. CIJ (continuous inkjet printers) are preferred over manual systems by consumers for printing on bottles and packages. Additionally, several end users are switching from traditional analog technologies to digital coding solutions.
• The inkjet printers offer several benefits, such as high-speed printing, printing characters on virtually any material, and running for long hours with minimum cost-effectiveness and servicing requirements. Owing to such additional benefits, the application of inkjet printers is growing in the aerospace, food, and beverage sectors, thus driving the growth of the Indian inkjet printer market.
• ColorJet Group, an India-based manufacturer of digital textile printers which markets its products in 20 countries worldwide, recently has sought government support for its future research and development (R&D) in digital textile printing . The shift from traditional textile printing to digital ensures a reduction in the carbon footprint and is the need of the hour. As India's largest manufacturer of digital inkjet printers, ColorJet is fulfilling the vision of India's Prime Minister by manufacturing world-class digital textile printers that are being applauded and installed globally.
• Despite declining demand, inkjet printer shipments grew recently, primarily by Epson. Ink tank printers drive the growth, which recorded the highest growth in the last five quarters due to high demand from the commercial segment and government bodies. However, advertisement and promotional materials took a big hit since significant exhibitions and events were postponed and canceled. They are expected to return when the industry revives. Packaging printing, including the label market, is showing steady demand because of the multiple options in packaging.
• The COVID-19 pandemic has spurred the demand for inkjet printers in India. The need for inkjet printers has risen due to consumers working from home and e-learning segments. Home consumers prefer high-capacity ink-tank inkjet printers due to their high yields and low cost.