Print Equipment Market 2019 Top 20 Key Players, Industry Share, Business Analysis 2019 and Growth Forecast to 2025

Recent penetration of digitalization across various fields is creating lucrative growth opportunities for the global print equipment market. In a report, titled, “Print Equipment Market Size, Share and Global Trend By Type (Offset, Digital, Flexo), By End Use (Packaging, Publication, Commercial) and Geography Forecast Till 2025”, Fortune Business Insights highlights various factors propelling growth in the market.

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As per the report, the global print equipment market is prognosticated to be worth US$ 20.04 Bn by the end of 2025 from US$ 19.74 Bn in 2017. Automation in printing and other advantages of print equipment will enable the market to rise at a CAGR of 0.21%, during the forecast period of 2018 to 2025.

Benchmarks Achieved in Last Few Years to Enable Market Gain Momentum

Various sustainable developments achieved by manufacturing companies are enabling the print equipment market reach new benchmarks. To cite an example, Nestlé Waters, based in North America, has reduced the size of their label by 35% for their bottles. Such steps will positively affecting the print equipment market in the coming years. Various other companies are investing considerably in packaging printing machinery. This is due to the rise in demand for innovations in label printing, including recyclable packaging and lightweight labels.

On the flip side, the high cost incurred on the implementation of printing structure may restrict growth in the market. Besides high cost structure and sensitive pricing environment, the shifting preference from traditional media to digital media in printing technique might as well hinder the global market in the coming years.