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.
Sample PDF Brochure https://www.fortunebusinessinsights.com/enquiry/sample/print-equipment-market-100160
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.
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