The global market for inkjet printing will grow at a rate of 9.4% year-on-year and will be worth $109 billion in 2023, according to The Future of Inkjet Printing to 2023 a brand new market report from Smithers Pira.
Memjet, a leading developer of inkjet printing technology, announced today that it is a sponsor of the Smithers Pira Digital Print for Packaging Conference on June 4-6, 2018, in Chicago, Illinois. This event brings together top experts in the digital print and packaging industry to provide conference attendees the information they need to understand and capitalize on changes taking place in the rapidly evolving digital print for packaging sector.
Exclusive data from the latest Smithers Pira market report ‘The Future of Industrial Packaging to 2022’ projects worldwide industrial packaging sales will be worth $52.72 billion in 2017. This value is forecast to grow across the next five years at an annual rate of 3.2% to reach $61.84 billion in 2022. The materials used to produce industrial packaging formats – sacks, IBCs, drums, crates/totes – are 14.56 million tonnes in 2017, this is forecast to grow at an annual rate of 2.7% across the same period to reach 16.62 million tonnes.