Digital Printing Market by Type (Laser and Inkjet), Ink Type (Solvent, Latex, UV-cured, Aqueous, Dye Sublimation, and Others), Substrate (Fabric, Glass, Paper, Plastic Films or Foils, Ceramics, and Others), Application (Packaging, Books, Commercial Printing, and Others), and Region (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Digital Printing Market Outlook 2031
The global digital printing market size was valued at around USD 26.46 Billion in 2022 and is estimated to reach around USD 47.43 Billion by 2031, expanding at a CAGR of 6.7% during the forecast period, 2023 – 2031. High-quality prints, short runs, and the ability to personalize are some key factors attributed to the market growth.
Digital printing refers to a method of printing digital-based images onto a 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 the digital printing press to print on a variety of mediums including paper, fabric, and others.
Digital printing produces prints on demand rapidly with cost-effective short print runs. It uses more colors in the printing process such as cyan, magenta, blue, green, and specialty dry inks for metallic effects than traditional offset printing. Latest advancements such as the Internet of Things (IoT), machine learning, Artificial Intelligence (AI), and data analytics enable digital printing to be more personalized than conventional printing technologies.
The digital printing industry has been affected by the COVID-19 pandemic like several other industries. The pandemic has led people to stay at home as the government imposed lockdowns. The demand for eCommerce sites was fuelled so as did the demand for carton packaging to ship products. Similarly, during the pandemic, several businesses started using flexible packaging as it is a more hygienic packaging option owing to less handling. Moreover, food delivery services further adopted disposable packaging. Thus, the digital printing market is subjected to see considerable growth during and post-pandemic.
Digital Printing Market Dynamics
Major Drivers
High adoption of digital printers as they offer quick printing options than other printing methods is expected to drive the market. Many industries nowadays are adopting digital printing methods because of the tight deadlines as it helps in fast printing for the graphics as well as fabric designing.
- For instance, in November 2021, Continental signed an agreement to acquire Trelleborg’s printing solutions business. Thereby, the technology company complements its surface solutions and printing technology portfolio to enhance its presence with industrial customers.
Furthermore, the cost-effectiveness of digital printing solutions is further expected to fuel the market. Digital printers do not require any vast setups for printing purposes thus it helps in saving money and time.
Existing Restraints
Digital printers require high initial investments, which are anticipated to hamper the growth of the market in the coming years. Emergence of digital advertisements, digital documents, online signage, e-books, and other digital platforms hinders the growth of the market.
Emerging Opportunities
Development in technology in digital printing is expected to create lucrative opportunities for the market. The advancements in cloud printing services give people access to connect their phones to the printers. It is further cost-effective as buying new servers costs a lot, thus cloud printing comes in handy in terms of cost.
- For instance, in December 2022, Domino Printing Sciences global leader in coding, marking, and digital printing technologies – will implement Oracle Fusion Cloud Applications Suite for finance, and customer experience, offering flexibility to support its new business models, such as advanced solutions and outcome-based services, and delivering greater business insight to boost customer lifecycle management.
Scope of Digital Printing Market Report
The market report 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 |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Laser and Inkjet), Ink Type (Solvent, Latex, UV-cured, Aqueous, Dye Sublimation, and Others), Substrate (Fabric, Glass, Paper, Plastic Films or Foils, Ceramics, and Others), and Application (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 |
Panasonic Life Solutions India Pvt. Ltd.; Smurfit Kappa; KYOCERA Corporation; WestRock Company.; TOSHIBA CORPORATION; Hewlett Packard Enterprise Development LP; Canon Inc.; AVERY DENNISON CORPORATION.; Amcor plc; ARC Document Solutions, LLC; SAMSUNG; Seiko Epson Corporation; Konica Minolta, Inc.; Electronics for Imaging, Inc.; Printronix; Xerox Corporation.; DURST GROUP AG; Ricoh; MIMAKI ENGINEERING CO., LTD. |
Digital Printing Market Segment Insights
Type Segment Analysis
Based on type, 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 a heavy workload, have high output speed, and have high availability, which aids in expanding the segment and driving the market.
The inkjet segment is expected to expand at a significant CAGR during the forecast period. Inkjet digital printing is a new method to print textile fabrics, moreover, inkjet printing as well as direct-to-garment printing is used for printing apparel wears. In this process, the printing pattern is directly printed from the computer onto the fabric with an inkjet printer. Moreover, it helps organizations as it consumes less electricity and typically provides faster printing results.
Ink Type Segment Analysis
In terms of ink type, 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 facilitates the ink to solidify. This factor aids in the reduction of printing costs; 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 vibrant colors.
Substrate Segment Analysis
On the basis of substrate, 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 the growing demand for digital printing in the 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.
Application Segment Analysis
In terms of application, 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.
Regional Analysis
Based on region, 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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Printing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digital Printing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Printing Market - Supply Chain
4.5. Global Digital Printing Market Forecast
4.5.1. Digital Printing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Printing Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Digital Printing Market Absolute $ Opportunity
5. Global Digital Printing Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Digital Printing Market Size and Volume Forecast by Types
5.3.1. Laser
5.3.2. Inkjet
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Digital Printing Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Digital Printing Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Digital Printing Demand Share Forecast, 2019-2026
7. North America Digital Printing Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Digital Printing Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Digital Printing Market Size and Volume Forecast by Types
7.4.1. Laser
7.4.2. Inkjet
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Digital Printing Demand Share Forecast, 2019-2026
8. Latin America Digital Printing Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Digital Printing Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Digital Printing Market Size and Volume Forecast by Types
8.4.1. Laser
8.4.2. Inkjet
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Digital Printing Demand Share Forecast, 2019-2026
9. Europe Digital Printing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Digital Printing Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Digital Printing Market Size and Volume Forecast by Types
9.4.1. Laser
9.4.2. Inkjet
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Digital Printing Demand Share Forecast, 2019-2026
10. Asia Pacific Digital Printing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Digital Printing Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Digital Printing Market Size and Volume Forecast by Types
10.4.1. Laser
10.4.2. Inkjet
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Digital Printing Demand Share Forecast, 2019-2026
11. Middle East & Africa Digital Printing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Digital Printing Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Digital Printing Market Size and Volume Forecast by Types
11.4.1. Laser
11.4.2. Inkjet
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Digital Printing Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Digital Printing Market: Market Share Analysis
12.2. Digital Printing Distributors and Customers
12.3. Digital Printing Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Panasonic Life Solutions India Pvt. Ltd. Smurfit Kappa KYOCERA Corporation WestRock Company. TOSHIBA CORPORATION Hewlett Packard Enterprise Development LP Canon Inc. AVERY DENNISON CORPORATION. Amcor plc ARC Document Solutions, LLC SAMSUNG Seiko Epson Corporation Konica Minolta, Inc. Electronics for Imaging, Inc. Printronix Xerox Corporation. DURST GROUP AG Ricoh MIMAKI ENGINEERING CO., LTD.