Print Quality Inspection Systems Market Size, Share, Growth, and Industry Analysis by Type (Narrow Web Print Quality Inspection System and Wide Web Print Quality Inspection System) By Application (Medical/Pharmaceutical, Food and Drinks, Consumer Goods and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Print Quality Inspection Systems Market Report Overview

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The global print quality inspection systems market size is expected to be USD 201.2 million in 2021 and is projected to touch USD 350.38 million by 2031, at a CAGR of 5.7% during the forecast period.

The Print Quality Inspection System is a vision-based system available on the market that has the ability to detect defects, verify barcodes, and grade products according to ISO standards. It can identify common flaws like ink splashing, stains, stripes, and foreign matter to correct production and reject subpar copies during the printing process. In order to compare the actual printed copies to the corrected printed copies, the Print Quality Inspection System continually measures and analyses the output. In essence, labels and packaging are analyzed as two distinct market segments. Growing demand across various applications including consumer goods, food & drinks, medical & pharmaceuticals, and others will positively influence the print quality inspection systems market share.

COVID-19 Impact:  Disrupted Supply Chains to Hamper the Market Trends

The global COVID-19 pandemic has been unprecedented and staggering, with print quality inspection systems experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 outbreak has had a significant impact on various end-use industries as supply chains were disrupted by trade restrictions and consumption fell as a result of lockdowns implemented by governments throughout the world. Strict restrictions and protocols implemented by the respective governments led to lower production and demand across the world. However, consumer goods, food & beverages, and medical & pharmaceutical products experienced positive demand through the online channel, which created new opportunities amid the pandemic.

LATEST TRENDS

"Spending on Wholesome and Nutritious Diet Products is increasing, Driving Market Expansion"

The increased desire for diets that are nutrient-dense and healthful is what is driving the industry trends in food and beverages. The global demand for goods with improved nutritional profiles has been spurred by customers' changing lifestyles and rising affluence. For instance, beverages are made to be drunk while on the go and offer improved nutrition. The print quality inspection systems market growth is expanding as a result of rising product research and development efforts, a wide range of items being offered, particularly across e-commerce platforms, and the use of distinctive promotional tactics by market participants.

Print Quality Inspection Systems Market Segmentation

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• By Type Analysis

By type, market is segmented into narrow web print quality inspection system and wide web print quality inspection system. The narrow web print quality inspection segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into medical/pharmaceutical, food and drinks, consumer goods and others. The medical/pharmaceutical segment will lead the global share through 2028.

DRIVING FACTORS

"Increasing Consumption of Foods Enriched with Nutrients to Promote General Health and Well-Being to Drive the Market"

The market is expected to increase as a result of consumers' growing knowledge of the health advantages of nutrient-rich meals and the rising demand for them as a result of busy lives. On-the-go snacks with extra nutrients that offer immediate nourishment are in higher demand. Demand for food has grown as a result of consumer interest in nutrition and health. In order to lower their chance of developing certain medical illnesses, such as obesity, weight loss, diabetes, and cardiovascular diseases, consumers are drawn to meals with functional components. Such health conditions are becoming more common as a result of frantic lifestyles and rising stress. The print quality inspection systems market is expanding due to a number of culinary trends, including the increased popularity of probiotics, prebiotics, and hemp-infused meals and drinks.

"New Product Developments and Innovation to Support Market Growth"

This industry's expansion is being driven by an increase in research and development efforts to bring new food and beverage items to market. Products are being developed by businesses to meet expanding customer demands. Manufacturers are creating functional beverages, nutrition bars, and children's sweets and toffees to appeal to consumers seeking rapid nourishment as well as fitness fanatics. As consumers become more conscious of their digestive health, probiotic product offers are evolving. Functional foods are in high demand worldwide as a result of people's growing health consciousness.

RESTRAINING FACTORS

"Lower Accuracy of Error Detection Could Hamper Market Growth"

Print quality inspection systems have evolved rapidly over the past few years and are experiencing rapid demand across different industries. However, their demand could be hampered by lower accuracy of error detection compared to other technologies. In addition to these factors, the high cost could hamper the product adoption across smaller and medium-sized businesses. These factors could thus impact the print quality inspection systems market growth negatively.

Print Quality Inspection Systems Market Regional Insights

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"Asia Pacific to Capture Major Market Share Between 2022 and 2028"

The increased health consciousness and expanding disposable incomes in the area are responsible for the Asia Pacific market value. Fast food consumption is having a negative impact on people's health and making chronic illnesses like diabetes and obesity more common. Consumers are spending more on nutritious foods as a result of growing knowledge of these health concerns.

Because more market participants are investing in research, innovation, and product promotion, the demand for healthy foods is growing steadily throughout Europe. Only secure and superior items are made available to customers thanks to the region's strict controls on nutraceutical products.

An increasing number of customers who are concerned about their health are choosing foods high in nutritive components, which is helping North America gain market share in the food and beverage industry. The region's market is expanding as a result of consumers' growing attention on improving their physical, mental, and total health through a nutritious diet. Additionally, the existence of major food corporations in the area, such Tyson Foods, General Mills, and others, who are aggressively pursuing their potential in the food & beverage sector, may further boost regional market growth in the years to come.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• BST eltromat (India)
• AVT Inc. (Israel)
• LUSTER (U.S.)
• Omron (Microscan) (Japan)
• COGNEX (Webscan) (Colorado)
• EyeC (Germany)
• Futec (Japan)
• Hunkeler (Switzwerland)
• Lake Image Systems (UK.)
• Nireco (Japan)
• Erhardt+Leimer (South Carolina)
• Baldwin Technology (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.