Market Trends of Print Equipment Industry
This section covers the major market trends shaping the Print Equipment Market according to our research experts:
Offset Printing Holds the Significant Share in The Market
- The offset printing press process is used in all kinds of printing from the high, medium and low range for the varied range of applications. For many small and medium-sized printing companies, the 50 x 70 cm format is the ideal fit for their product range, especially for commercial and packaging print.
- Many packaging printers in the pharmaceutical and cosmetics segment in particular use the 50 x 70 format, which offers benefits for small folding carton sizes and a high level of embellishments, as well as short runs. However, some companies are upgrading the new design to enhance its user-friendliness. For instance, in Aug 2019, Heidelberg launches a new ergonomic design for its Speedmaster XL 75 and CX 75 offset presses to modernized the new concept design.
- Moreover, one of the most approachable trends for 2018 for offset printers is the hybrid press, which is at the intersection of the digital and offset print process. Offset printers can digitize much of the print process through the use of computers.
- For instance, in Nov 2019, New Heidelberg Versafire and Prinect Digital Frontend Version 2020 introduced flexible application options, particularly in conjunction with offset printing, where the sheets can be pre-printed in offset and then at the desired position added to the digital prints. This makes a fully flexible hybrid production of digital and offset possible and the advantages of both printing processes can be optimally exploited.
- In Japan, the production value of offset printing shows high growth year to year. Japan Printing and Graphics provides high quality, offset printing with many different styles and finishes to meet its business needs. Moreover, various firms of Japan are expanding their business by enhancing network distribution for product to improve the technology. For instance, in Jan 2019, on the eve of the PrintPack India 2019 exhibition, Provin, a distributor of equipment for offset press, held a press conference where they gave a demo of Miyakoshi (printing machinery firm of Japan) Intermittent narrow web offset press MLP-13C 5 color with two flexo units.
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Asia-Pacific Expected to be the Fastest Growing Region
- Asia-Pacific is expected for the major growth in the market as various firms are investing in these regions due to high end-user demand along with more development opportunities in packaging printing.
- For instance, Bobst to show the latest solutions and services at Labelexpo Asia 2019, China. The company will illustrate its new Master DM5 hybrid press, the digitally automated machine for the label market. This will illustrate new technologies and opportunities for converters, driven by the digital revolution and drive the growth of hybrid press in this region.
- Moreover, Xeikon, a leading global innovator of digital printing technology, will also present its latest innovations at Labelexpo Asia 2019. After a highly successful Labelexpo Europe in September of this year and equally successful attendance at Printing United in Dallas in the US in October, Xeikon is committed to reaching out to the printers and converters in Asia Pacific. The reason behind attending Labelexpo Asia is to help and guide the region’s potential customers who are looking to enter new markets such as food labels or labels for wines, spirits, health & beauty, and pharmaceuticals.
- Also, Asian companies are expanding their business in other Asian countries. For instance, in March 2019, MPS Systems located in Malaysia expanded their business in China with company name Arisen Printing Equipment for establishing MPS flexo, offset, and digital-hybrid printing presses. In China, the company will service both flexo and gravure printing industries. Moreover in Malaysia, the company shifted to a new location in Bukit Jelutongto where they planned to open a technology center to feature live demonstrations of the EF flexo press with full automation. This will enhance the market growth in these countries.
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