The global commercial printing market was valued at USD 191.02 billion in 2022 and is estimated to reach USD 526.02 billion by 2031, expanding at a CAGR of 2.24% during the forecast period, between 2023 and 2031. Increasing demand for commercial printing along with rising applications of commercial printing are driving the market.
The need for short-run production for a wide range of applications is increasing the demand for printing of books, direct mail, brochures, and catalogs. Printing is done on a large scale for advertising purposes, which is anticipated to boost the commercial printing market.
Commercial printing is a term that refers to the printing process for businesses or commercial purposes. It is also known as the process of taking artwork and transferring it to a paper or card. This method is used to produce different types of products such as flyers, invitations, magazines, brochures, catalogs, and much more.
The global commercial printing market has a wide range of applications, such as packaging, publishing, advertising, and others. Different types of commercial printing include offset printing and digital printing packaging.
Market Trends, Drivers, Restraints, and Opportunities
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Rising demand for commercial printing in promotional activities from the food, retail, and beverages sector is expected to drive the commercial printing market during the forecast period.
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The introduction of eco-friendly printing techniques is projected to fuel the commercial printing market.
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High demand for packaging printing industries in Asia Pacific is expected to propel the market.
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Decreasing sales of commercial printers hampers the growth of the commercial printing market.
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Technological developments in printing processes offer opportunities for the market players. Increasing applications of commercial printing is creating opportunities for growth in the market.
Scope of the Commercial Printing Market Report
The report on the global commercial printing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Commercial Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Offset Lithography, Inkjet, Flexographic, Screen, Gravure, and Others), and Applications (Packaging, Advertising, Publishing, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Quad/Graphics Inc., ACME Printing, Cenveo Worldwide Limited, Transcontinental Inc., Dai Nippon Printing Co. Ltd., RR. Donnelley & Sons Company, TOPPAN PRINTING CO., LTD., Ennis Inc., Taylor, and Vistaprint
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Commercial Printing Market Segment Insights
Inkjet segment to grow at a rapid pace
Based on types, the commercial printing market is segmented into offset lithography, inkjet, flexographic, screen, gravure, and others. The inkjet segment is projected to dominate the market during the forecast period. Increasing awareness related to the benefits offered by inkjet devices, such as replacement of two to four toner devices with one inkjet device and requirement of less staff for operations, is boosting the segment.
Advertising segment to register significant growth
In terms of applications, the commercial printing market is classified as packaging, advertising, publishing, and others. The advertising segment is anticipated to register significant growth during the forecast period. Increasing demand for commercial printers for advertising, due to high cost efficiency and bulk production, is anticipated to drive the advertising segment.
Digital advertising is gaining high importance in the market, which is boosting the advertising segment. Soft signage is proving to be beneficial to people. Fashion brands are opting for digital advertising, which helps in the expansion of their businesses globally.
Asia Pacific to lead the market in the forecast period
On the basis of regions, the commercial printing market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific accounted for a major market share in 2021 and is projected to dominate the global market during the forecast period. Changing lifestyle of people in this region majorly drives the market.
Rising demand for commercial printers in countries such as India, China, Thailand, and Vietnam is driving the market in Asia Pacific. India is projected to become the fifth largest consumer market by 2026.
Segments
The global commercial printing market has been segmented on the basis of
Types
- Offset Lithography
- Inkjet
- Flexographic
- Screen
- Gravure
- Others
Applications
- Packaging
- Advertising
- Publishing
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players in the global commercial printing market are Quad/Graphics Inc., ACME Printing, Cenveo Worldwide Limited, Transcontinental Inc., Dai Nippon Printing Co. Ltd., RR. Donnelley & Sons Company, TOPPAN PRINTING CO., LTD., Ennis Inc., Taylor, and Vistaprint. These players are focusing on mergers, acquisitions, and partnerships to maintain their geographical presence.