The global digital printing market size was valued at around USD 24.8 billion in 2021 and is estimated to reach around USD 34.4 billion by 2030, expanding at a CAGR of around 6.7% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing demand for sustainable printing.
Digital printing refers to a method of printing digital-based images onto variety of mediums. Digital files such as Portable Document Format (PDF) files, Tag Image File Format (TIFF) files, Photoshop Document (PSD) files, and others are sent directly to digital printing press to print on variety of mediums such as paper, fabric, canvas, and others. Digital printing uses metal plates to print images on substrates. Digital printing produces prints on-demand rapidly with cost-effective short print runs. Images and messages can be easily modified with digital printing. It uses more colors in the printing process such as cyan, magenta, yellow, black, orange, blue, green, and speciality dry inks for metallic effects than traditional offset printing. Mild solvents and less-harmful chemicals are used in digital printing inks as compared to traditional or conventional printing technologies such as offset printing and solid ink printing. Digital printing machines can print on variety of surfaces such as heavyweight papers, plastics, fabrics, and others. Latest advancements such as Internet of Things (IoT), machine learning, Artificial Intelligence (AI), and data analytics enable digital printing to be personalized than the conventional printing technologies.
High quality prints, cost-effectiveness, short runs, and ability to personalize are some of the key factors that are expected to drive the global digital printing market in the coming years.
The report on the global digital printing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Digital Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2022–2030 |
Segmentation |
Types (Laser and Inkjet), Ink Types (Solvent, Latex, UV-cured, Aqueous, Dye Sublimation, and Others), Substrates (Fabric, Glass, Paper, Plastic Films or Foils, Ceramics, and Others), and Applications (Packaging, Books, Commercial Printing, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Smurfit Kappa Group, PLC; WestRock Company; Hewlett-Packard Development Company, L.P.; Canon, Inc.; Avery Dennison Corporation; Amcor, PLC; ARC Document Solutions, Inc.; Samsung Electronics Co., Ltd.; Seiko Espon Corporation; Konica Minolta, Inc.; Electronics for Imaging, Inc.; Printronix; Xerox Holdings Corporation; Durst Group AG; GCC; and Others |
Based on types, the market is bifurcated into laser and inkjet. The laser segment is expected to boost the market during the forecast period, due to rising demand for improving flexibility and performance of printing workflow. Laser printers are cost-effective, manage heavy workload, have high output speed, and have high availability, which aids in the expansion of the segment and drive the market.
In terms of ink types, the market is divided into solvent, latex, UV-cured, aqueous, dye sublimation, and others. The UV-cured segment is projected to drive the market during the forecast period, owing to its sustainability than other types of inks. UV-cured ink does not hold evaporative properties, and it reacts only to UV radiation, which facilitate the ink to solidify. This factor aids in reduction in printing cost; thus, fueling the market. The solvent segment is anticipated to expand rapidly in the coming years, as solvent ink is considered to be durable, flexible, waterproof, and produces rich and vibrant colors.
On the basis of substrates, the market is segregated into fabric, glass, paper, plastic films or foils, ceramics, and others. The plastic films or foils segment is anticipated to expand at a rapid pace during the forecast period, owing to growing demand for digital printing in packaging industry. The paper segment is anticipated to drive the market in the coming years, due to continuous production of books and newspapers around the globe. Development of printing machines, which enable manufacturers to print highly detailed work on fabric, is estimated to expand the global digital printing market in the coming years.
In terms of applications, the market is divided into packaging, books, commercial printing, and others. The packaging segment is projected to drive the market during the forecast period, due to increasing developments in packaging technologies and methods to cater to rising demand for different types of packaging for different products. Growing popularity of rigid plastic packaging among environmentally conscious consumers, due to its recyclability, boosts the packaging segment; thus, driving the market.
Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to account for a large share of the market during the forecast period, owing to technological advancements in the packaging market in the region. High disposable income and increasing demand for packaged foods fuel the digital packaging market in the region.
The global digital printing market is highly competitive with the presence of key players such as Smurfit Kappa Group, PLC; WestRock Company; Hewlett-Packard Development Company, L.P.; Canon, Inc.; Avery Dennison Corporation; Amcor, PLC; ARC Document Solutions, Inc.; Samsung Electronics Co., Ltd.; Seiko Espon Corporation; Konica Minolta, Inc.; Electronics for Imaging, Inc.; Printronix; Xerox Holdings Corporation; Durst Group AG; GCC; and others, who use business strategies such as partnerships, mergers, collaborations, acquisitions, and product launches to dominate the market. For example, in January 2020, Konica Minolta, Inc., launched MGI JETvarnish 3D One, a digital print enrichment press, with digital embellishment technologies. In August 2021, Avery Dennison Corporation acquired Vestcom, a provider of pricing and branded labelling solutions, to accelerate adoption of Intelligent Labels solutions. In January 2022, Smurfit Kappa Group announced investment of USD 33 million in its Brazil-based plant to cater to the growing demand for innovative and sustainable packaging. In April 2022, Canon, Inc. announced PRISMAcolor Manager Solution, which assists users in monitoring print quality.
The global digital printing market is highly competitive with the presence of key players such as Smurfit Kappa Group, PLC; WestRock Company; Hewlett-Packard Development Company, L.P.; Canon, Inc.; Avery Dennison Corporation; Amcor, PLC; ARC Document Solutions, Inc.; Samsung Electronics Co., Ltd.; Seiko Espon Corporation; Konica Minolta, Inc.; Electronics for Imaging, Inc.; Printronix; Xerox Holdings Corporation; Durst Group AG; GCC; and others, who use business strategies such as partnerships, mergers, collaborations, acquisitions, and product launches to dominate the market. For example, in January 2020, Konica Minolta, Inc., launched MGI JETvarnish 3D One, a digital print enrichment press, with digital embellishment technologies. In August 2021, Avery Dennison Corporation acquired Vestcom, a provider of pricing and branded labelling solutions, to accelerate adoption of Intelligent Labels solutions. In January 2022, Smurfit Kappa Group announced investment of USD 33 million in its Brazil-based plant to cater to the growing demand for innovative and sustainable packaging. In April 2022, Canon, Inc. announced PRISMAcolor Manager Solution, which assists users in monitoring print quality.
Some frequently asked quetions about this report!
The global digital printing market is estimated to register CAGR of around 6.7% during the forecast period.
The global digital printing market size was valued at around USD 24.8 billion in 2021.
High-quality prints, cost-effectiveness, short runs, and ability to personalize are some of the advantages of digital printing.
Increasing demand for sustainable printing, developments in packaging industry, and rising demand for packaged food and beverages are some of the key factors driving the market.
Laser and inkjet are the types of digital printing.
Digital printing refers to a method of printing digital-based images onto variety of mediums.
North America dominates the global digital printing market.
Smurfit Kappa Group, PLC; WestRock Company; Hewlett-Packard Development Company, L.P.; Canon, Inc.; Avery Dennison Corporation; and Amcor, PLC are some of the key players in the market.
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