AFRICA – African printing industry has recorded a steady rise as a result of the adoption of current trends and technologies and expects the market value to cross US$235.3 million by 2031.

As per Printing Global Market Report 2022, Africa Printers Market is expected to cross the value of US$235.3 million by the end of 2031.

The global printing market size is expected to grow from US$311.53 billion in 2021 to US$322.43 billion in 2022 at a compound annual growth rate (CAGR) of 3.5%. The printing market is expected to grow to US$350.2 billion in 2026 at a CAGR of 2.1%.

The strong numbers suggest that the printing industry globally as well as in Africa is opening doors to embracing the latest trends and technologies.

The continent has realized an uptick in the use of digital inkjet printers given its faster printing rate as compared to the traditional printers.

“The beauty of digital printing lies in the fact that it requires no manual setup which makes it an extremely efficient and fast process,” says Eiji Ota, Business Unit Director, Canon Central and North Africa.

“This is particularly beneficial for low-volume projects as compared to offset printing, which is why we see a big demand for these printers in the market..”

The Inkjet print market is right now worth US$80.4 billion which is likely to reach US$118.2 billion in 2025 according to the latest Smithers’ report.

Canon recently showcased its stellar line-up of digital inkjet printers at Gulf Print and Pack 2022 GPP.

The past few years have seen a rapid upsurge in the demand for color printing all across Africa, thus paving the way for growth in the demand for Laser and Inkjet Printers across the continent.

The massive shift from black and white printing to color printing has enabled the expansion of the laser and inkjet printers market, which consequently has driven the printer market in Africa.

With an estimated 2,000 commercial printing companies operating in Africa, the majority of which are small, medium, and micro enterprises (SMMEs), this demand is predicted to intensify even further, contributing to the high growth of the printing market in Africa.

In addition, cyber security has emerged to be one of the top priorities for businesses, as industries are still struggling to come to terms with the after-effects of the pandemic.

In the coming years, it is expected that print service providers will prioritize print security given the fact that they deal with multiple stakeholders for print projects.

Hybrid ways of working are here to stay and have introduced new challenges when it comes to security, hackers are increasingly adopting innovative ways of cyber-attacks, making organization data more vulnerable.

The threat of regulatory fines and subsequent loss of business has the potential to cause ongoing damage to organizations.

The launch of Canon’s imageRUNNER ADVANCE devices, which has security information event management (SIEM) integration, makes it easier for enterprises to include printers in their existing security monitoring systems.

The industry has also witnessed an upswing in cloud computing as digital disruption intensifies.

Consequentially, cloud printing is emerging to be one of the hot trends in the industry with 67% of organizations expecting to increase their use of cloud print management, with a further 5% planning to move completely to cloud printing according to Quocirca report.

Sustainability

The Industry is also considering sustainable approaches in the production and sale of products in an attempt to mitigate climate change.

The current trends forecast a mounting demand for products that can offer both high functionality and low environmental impact.

Canon’s Managed Print Services combine industry-leading technologies and services seamlessly that have supported customers in reducing their environmental impacts by up to 60%.

Recycling of printing products such as ink cartridges will play a key role in reducing the impact on the environment and local communities in the future.

Liked this article? Subscribe to our regular email newsletters with the latest news insights from Africa and the World’s packaging and printing industry. SUBSCRIBE HERE.