Printing Innovation Asia Issue 7 2020
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Asia Pacific Large Format Printer Market continues to Grow The global large format printer market will be worth $11.2 Billion by 2025 According to a new research report by MarketsandMarkets, the large format printer market is projected to grow from US$9.3 billion in 2020 to US$11.2 billion by 2025; it is expected to grow at a CAGR of 3.8% from 2020 to 2025. The report, titled "Large Format Printer Market by Offering (Printers, RIP software, Services), Ink Type (Aqueous, Solvent, UV Curable, Latex, Dye Sublimation), Printing Technology, Printing Material, Print Width, Application, and Geography - Global Forecast to 2025", further forecasted that the Asia-Pacific (APAC) region is expected to grow at the highest CAGR during the forecast period.
Countries such as Japan and South Korea are already developed economies, and China had been the fastest-growing economy in the world for the last two decades. Also, APAC produces a large amount of apparel and textiles, and this sector is expected to grow steadily in this region. Significant growth in the market for large format printers is likely to be observed in advertising and signage applications in India, mainly due to the booming economy.
The large format printer market in APAC is expected to grow at the highest CAGR during the forecast period. In APAC, large format printers are likely to be high in demand because of their growing use in graphics printing, apparel and textiles printing, and computer-aided design (CAD) and technical printing applications. APAC is considered as a growth engine for the global economy.
The EFI Pro 32R+ For those looking to enter the large format market, the EFI Pro 32R+ is billed as an economical, productionlevel 3.2m-wide machine. The LED roll-to-roll printer can also facilitate printing on two 1.6m-wide rolls. Designed for high-quality print with mid-level production, the Pro 32r+ prints up to 256 square meters per hour
with resolutions up to 847 true dpi. Target applications include banners, billboards, building wraps, flags, floor graphics, POP graphics, posters, textiles, signage, wall graphics and wallpaper. The printer uses Gen5 printheads with four colours plus optional white ink and 7-picoliter EFI UltraDrop Technology. Its proven, “cool cure� LED imaging technology drives down operating costs. Key Market Drivers Key factors fuelling the growth of this market include increasing demand for large format printing in the textiles, advertising, and packaging industries; rising adoption of UV curable inks in outdoor advertising, CAD, and technical printing applications; and the growing importance of digital document production in commercial printing applications.
