A new study has revealed that the global UV inkjet printed products market sector is expected to grow 18.3% and reach $15.9bn by 2018.
Titled ‘The Future of UV Inkjet Printing to 2018’, the study by Smithers Pira offers quantitative market forecasts by region for all major end-use markets for the next five years, with specific focus on equipment, inks and substrates.
Among several UV inkjet printing uses, packaging and labels are considered to be the fastest growing, whereas security and signage, even though at the bottom of the list, still exhibit strong growth.
Featuring overprinting, the volume of labels is expected significantly increase over the coming five years.
Placing the value of all UV inkjet printed output in Western Europe at approximately $2.4bn, with future growth at an average compound annual growth rate (CAGR) of 13.6% predicted to 2018, the study picks the UK as the biggest country market in Europe, ahead of Germany and France.
Further, Smithers Pira forecasts 16.2% growth in North American region by 2018.