Large-format printing market sails for ‘significant growth’ to 2030

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According to new research by Allied Market Research titled ‘Large Format Printer Market by Offering, Printing Technology, Print Width, Ink Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030’, the global large-format printer market was valued at US$9.15 billion in 2020. The figure is projected to register an annual growth rate of 4.2 percent to reach US$13.7 billion by 2030. Inkjet printing now accounts for more than 50 percent of the large-format market. Prominent factors that impact the large-format printer market growth are increasing usage of large-format printers in textile and advertising industries, growing popularity of dye-sublimation printing, and increasing adoption of UV-curable inkjet printer.
The inkjet printing segment accounted for more than 50 percent of the large-format printer market share in 2020, while the solvent segment is projected to grow at a CAGR of 2 percent during the forecast period. The report cautioned that COVID-19 is having a large impact on both consumers and the economy.