The hybrid printing market is projected to grow from USD 5.5 billion in 2023 and is projected to reach USD 10.2 billion by 2028; it is expected to grow at a CAGR of 13.2% from 2023 to 2028.
The growth of the hybrid printing market is driven by increasing demand for high-quality printing in label and packaging, and the growing adoption of personalized printed material.
Key strategies adopted by the players in the hybrid printing market to increase their market share, enhance their product portfolios, , and expand their presence in the market, mainly include new product launches, collaborations, partnerships, and acquisitions.
To know about the assumptions considered for the study download the pdf brochure
For instance, in July 2023, Domino Printing Sciences plc (UK) launched Domino digital retrofit module, which offers label converters a cost-effective solution to integrate hybrid printing capabilities into flexographic presses. It is compatible with various flexo presses, featuring an in-line RIP for enhanced throughput, consistent high-resolution printing, and reduced costs, making it a crucial asset for staying competitive in the evolving label printing sector.
In June 2023, Koenig & Bauer AG (Germany) and Hubergroup Print Solutions (Germany) announced their partnership to develop high-quality inks optimized for their Rapida sheetfed offset presses, enhancing productivity and quality in hybrid printing processes. This collaboration drives the adoption of hybrid printing, benefiting printers and their customers.
FUJIFILM Holdings, Inc. is a Tokyo-based company that focuses on the development, production, sales, and service of imaging, information, and document solutions. Its business segments include Imaging Healthcare, Materials, and Business Innovations. The company offers its hybrid printer systems under the Materials segment, including graphics communication solutions such as offset printing equipment, digital printing systems, etc., and inkjet solutions such as industrial printheads. Some of the hybrid printing solutions offered by Fujifilm include Fujifilm Jet Press 750S, Fujifilm Acuity Prime Hybrid, Fujifilm Dimatix F2-640i 8-channel inkjet printer. Fujifilm's hybrid printing solutions are used by a wide range of businesses, including Sign and display companies, Packaging companies, and Printing service providers.
HP Development Company, L.P.:
HP Development Company, L.P plays its role as one of the prominent global providers of personal computing devices, imaging and printing products, and related technologies. They cater to a diverse clientele, including individual consumers, SMBs, large enterprises, and government, health, and education sectors. Following the separation from Hewlett Packard Enterprise Company in 2015, the company is organized into three main segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment specializes in commercial and consumer PCs, mobility devices, retail POS systems, displays, peripherals, software, and services. The Printing segment offers consumer and commercial printer hardware, supplies, services, and solutions. Corporate Investments encompass initiatives like HP Labs and business incubation projects. The company strategically divides its operations into distinct units within each segment, catering to different business needs and market segments, emphasizing innovation and adaptability.
Hybrid Printing Market by Technology (UV Inkjet Printing, Water Based Printing, Solvent Printing, LED Curable, Dye Sublimation), Substrate (Textile & Fabric, Paper, Glass, Plastic, Metal), Application, End-use Industry and Region - Global Forecast to 2028
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE