Global Offset Printing Press Market Expected to Reach USD 2,878.5 Million by 2030

According to a recent market study published by Growth Market Reports, titled, “Global Offset Printing Press Market” by product type, by application, and end-use, by region: Size, Share, trends and opportunity Analysis, 2015-2030”, the market was valued at USD 2,507.0 Mn in 2021 and is expected to grow at a growth rate of 1.5% by the year 2030.

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As per Growth Market Reports industry analyst Divjot Singh, “Global Offset Printing Press Market” is anticipated to witness significant growth during the forecast period 2022-2030. Offset printing is a common printing method that requires transferring an inked image from a plate to a rubber blanket and then to the printing surface.

This lithography process uses the attraction of oil and water to create a flat (planographic) image carrier that receives ink from ink rollers and keeps the non-printing area ink-free by applying a water-based coating known as fountain solution. Sheet-fed and web-fed offset printing equipment are also available. Individual sheets of paper are fed into sheet-fed presses, whereas continuous rolls of paper are fed into web-fed presses.

Key growth factors such as the growing demand for innovative printing technology in various applications and growing demand in the graphic application are anticipated to propel the market during the forecast period.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the offset printing press supply chain include manufacturers, suppliers/distributors, and end-users. Presence of major suppliers and distributors, adoption of technologies, availability of raw materials, and presence of an integrated logistics industry are some factors that strengthened the supply chain of offset printing press in developed region.

The primary as well as secondary research methodology is used for keen observation and study about the global offset printing press market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand for offset printing press in the crises of global interdependence and governance challenges. Pandemic is the isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. During the pandemic situation, strict measures were taken for monitoring the circumstances, which in turn, affect the offset printing press manufacturers causing unanticipated short and long-term effects such as halt in productions, limited or no supply of raw material supply across region.

In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the current scenario, post-COVID-19, the production process of offset printing press has been resumed. Moreover, globally the demand for offset printing press has regained in several industries as several manufacturing industries have resumed.

Key Takeaways from the Study

• The players include Heidelberger Druckmaschinen AG, KOMORI Corporation, Koenig & Bauer AG, Manroland Sheetfed GmbH, Ryobi Limited, MITSUBISHI HEAVY INDUSTRIES, LTD., COMEXI, Haverer Group, Ronald, MANUGRAPH INDIA LTD., THE PRINTERS HOUSE, GoldStar Dry Offset Pvt. Ltd.
• Based on product type the global offset printing press market is segmented into sheet-fed offset printing press, and web-fed offset printing press. The Sheet-fed offset printing press segment is projected to acquire significant market share. The growth of the market is attributed to the sheet-fed offset printing press's versatility, affordability, and ability to achieve a high-quality finish on a range of substrates.
• In terms of application the global offset printing press market is fragmented into newspapers, magazines, banknotes, packaging, marketing material, stationary, and others. The packaging segment of the global offset printing press market has had a significant rise in its market share. The market growth is largely attributed to the increasing demand for efficient and cost-effective packaging solutions.
• Based on end use the global offset printing press market is segmented into commercial, industrial. The commercial segment is anticipated to dominate the market during the forecast period. The demand for offset printing is rapidly increasing in the commercial sector, ensuring businesses are able to produce the best quality print-outs with cost-efficiency.
• North America is expected to dominate the market during the forecast period, owing to the rising investments, and introduction of new innovative technologies in the offset printing presses is also expected to drive the growth of the market.

Scope of Offset Printing Press Market Report

Target Audience

• Supply-side: Manufacturer
• Demand Side: Commercial, Industry
• Regulatory Side: Concerned government authorities, and other regulatory bodies.
• Associations and Industry Bodies: International Association of Printing House Craftsmen (IAOHC), Printing Industries of America (PIA), International Association of Printing and Graphic Communication (INTERGRAF), Others