Pad Printing Market to be Worth US$ 1,634.3 Million by 2030
Reports and Insights has published a new report titled, “Pad Printing Machine Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Pad Printing Machine Market, By Color & Page (Single Color, Two Color, Multi Color), By Function (Manual, Semi-Automatic, Automatic), By Product Type (Single-Color, Multi-Color), By Printer Type (Rotary, Flatbed), By Output (Low, Medium, High), By End Use (Automotive, Consumer Goods, Electronic, Medical, Pharmaceutical & Medical Devices, Textile / Apparel, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The pad printing market is estimated to reach at a value of US$ 1,084.8 Mn by the end of 2022 and expected to reach at a value of US$ 1,634.3 Mn by 2030 with a significant CAGR of 5.1%.
Pad printing, also known as tampo printing or tampography, is basically a printing technique where a silicon pad takes a 2-D image from a laser etched (engraved) printing plate and transmits it to a 3-D object. The potential of pad printing technique to print on oddly-shaped objects and surfaces and printing precise and thorough photos with superior quality and printing intricate substrates at rather good speed makes it an inestimable approach in the printing realm. Attributing to which, the pad printing machine market is expected to rise at a rapid pace in the following years.
In addition to that, the compact size of the pad printing machine along with lower maintenance cost further makes it desirable across several industries in the market. In the same manner, there is a wide range of pad printing machines available in the market which includes simple manually-operated machines as well as semi-automatic and fully automated high-speed printers. Such factors are projected to offer major breakthroughs to the market growth over the years.
Other than that, the medical sector incorporates a broad range of apparatuses, instruments, and machines that serves for diagnosis, treatment and cure of different diseases and ailments. The pad printing technique is extensively utilized in a wide variety of devices including surgical instruments, syringes, contact lenses, catheter tubes, pills, and others. Such factors are estimated to surge the market demand of pad printing machines across the global markets.
Furthermore, the trend of multi-color logo printing as well as tagless label printing is soaring expeditiously in the textile and apparel industry which is further projected to offer lucrative opportunities to the growth of pad printing machine market in the forthcoming years.
As per report, North America is holding a major share of the pad printing machine market due to the high demand of pad printing machines from across numerous end use industries in the region. Europe is also closely following after North America, as Germany is a leading manufacturer of equipment and machines in Europe. Also, pad printing is constantly gaining several applications in the industrial sector which is swiftly boosting the growth of the Germany pad printing market.
Reports and Insights Study identifies some of the key participating players in the pad printing machine market globally are AutoTran Inc., Careprint, Comec Italia Srl, DECO Technology Group, Inc., Diversified Printing Techniques, Inc., Engineered Printing Solutions, ESC Europa-Siebdruckmaschinen-Centrum GmbH & Co. KG, Finecause Enterprise Company Limited, Hanky & Partners (Taiwan) Ltd., Howell Print Technology Limited, Illinois Tool Works Inc., Inkcups Now Corp., Kent Pad Printer Canada Inc., Luen Cheong Printing Equipment Ltd., Mascoprint Developments Limited, Miedl & Schnall GmbH, Navitas Co., Ltd., Printa Systems, LLC, Printex USA, Tamponcolor TC Druckmaschinen GmbH, Tampoprint AG, Teca-Print USA, Winon USA, among others.
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