India Inkjet Printer Market Size (2024 - 2029)

India Inkjet Printer Market Analysis

The India Inkjet Printer Market size is estimated at USD 45.54 billion in 2024, and is expected to reach USD 56.78 billion by 2029, at a CAGR of 4.51% during the forecast period (2024-2029).

• Inkjet printers, known for their superior color blending capabilities, consistently outshine their laser counterparts. Not only do inkjet printers come with a lower initial price tag, but their ink cartridges are also significantly cheaper than toner cartridges. As markets evolve and consumer preferences shift, brand owners and label converters increasingly turn to inkjet printing, aligning with modern demands for swift availability and personalized offerings.
• Modern inkjet printers predominantly utilize two technologies: drop-on-demand (DOD) and continuous inkjet (CIJ) technology. CIJ technology harnesses a high-pressure pump to push liquid ink from a reservoir through a tiny nozzle, creating a continuous stream of ink droplets. This technique is widely adopted for product coding and marking. Consumers prefer CIJ printers over manual systems for tasks like printing on bottles and packages. Moreover, there's a noticeable shift among end users moving from traditional analog methods to digital coding solutions.
• Inkjet printers boast several advantageswhich includes rapid printing speeds, versatility across various materials, and the capability to run for extended durations with minimal costs and servicing. These benefits have spurred the adoption of inkjet printers in industries such as aerospace, food, and beverages, propelling the growth of the Indian inkjet printer market. Furthermore, technological strides in inkjet printing, like enhanced print quality and the introduction of eco-friendly inks, bolster their rising popularity. With businesses on the lookout for efficient and cost-effective printing solutions, the demand for inkjet printers is set to surge, propelling market growth during the forecast period.
• ColorJet Group, a prominent Indian manufacturer of digital textile printers, boasts a presence in 20 countries. The company recently sought government support for its upcoming research and development (R&D) initiatives in digital textile printing. Shifting from traditional to digital textile printing not only meets the pressing need to curb carbon footprints but also resonates with global sustainability objectives. As India's leading digital inkjet printer manufacturer, ColorJet is actualizing the vision of the nation's Prime Minister, crafting world-class digital textile printers that receive international recognition and are installed globally.
• The inkjet printing industry's ink demand is reshaping its landscape. Presently, the market is largely fueled by solvent, water-based, and UV inks, with LED inks starting to make their mark. Furthermore, hybrid UV/water systems are gaining momentum. Yet, the sector faces hurdles, especially the steep ink costs, which hinder vendors' shift from analog to digital. Looking forward, as applications broaden and economies of scale kick in, ink prices are anticipated to drop. However, they will likely remain higher than traditional analog ink prices.

India Inkjet Printer Industry Segmentation

Inkjet printers have been instrumental in the evolution of digital printing. This method sprays tiny droplets of liquid ink onto substrates like paper, producing images that meet photo-quality standards. Inkjet printers stand out as a cost-effective choice when compared to other printing techniques. Their ability to offer complete variability and incur minimal setup costs enables economical printing, even for a single copy.

The India Inkjet Printer Market is segmented by print format (books, commercial print, advertising print, transactional print, labels, packaging, security, and others print formats). The market sizes and forecasts are in terms of value (USD) for the above segment.