Smithers forecasts inkjet market to 134.6bn USD

Smithers has published a new market report, The Future of Inkjet Printing to 2031, projecting global inkjet output in the graphics and packaging sector to reach 134.6 billion USD by 2031, growing at a CAGR of 5.9 percent in value terms.

The industrial and functional segment is forecast to reach 42.7 billion USD, growing at a faster 7.9 percent CAGR over the same period.

Asia Pacific is identified as the largest and fastest-growing region across both segments, reflecting its role as a global manufacturing hub. Key growth drivers include the ongoing shift from analog to digital printing, the rise of e-commerce and web-to-print, sustainability pressures driving print-on-demand adoption and the integration of AI and automation into print workflows. The report also identifies a clear trend toward application-optimized presses designed for superior productivity at scale.

The report covers market valuations, volume forecasts and CAGR projections through 2031, segmented by region, end-use sector, equipment type and ink chemistry. It is authored by Jon Harper Smith, a print industry analyst with more than 40 years of experience across ink chemistry, business strategy and market analysis and former head of strategy at Fujifilm.