Offset Printing Press Market Outlook
The global offset printing press market size was valued at USD 2,507.0 Mn in 2021 and is projected to reach USD 2,878.5 Mn by 2030, expanding at a CAGR of 1.5% during the forecast period.
Offset printing is a widely used printing technique that transfers or offsets an inked image from a plate to a rubber blanket to the printing surface, using the lithographic process which relies on the attraction of oil and water.
With its many advantages, such as faster printing process, versatility, and a higher printing quality, offset printing is a popular choice of professionals for printing large volumes of documents. Offset printing machines are available in two types: sheet-fed and web-fed. Sheet-fed presses feed individual sheets of paper while web-fed presses use continuous rolls of paper.
Offset Printing Press Market Dynamics
Major Drivers
The growing demand for innovative printing technology in various applications
The demand for high quality text and images production is projected to increase during the forecast period, due to the growing utilization of efficient offset printing technology in various applications. Offset printers are widely used for printing products such as brochures & catalogs, company newsletters & presentations, magazines, folded brochures, files & folders, posters & banners, tabletop & tent cards, postcards, product leaflets, and others. Investment in the installation of offset printing press for quick & easy and cost-effective high volume printing jobs is driving the adoption of offset printing press across the globe.
Growing demand in the graphic application
The demand for offset printing presses in graphic applications is significantly increasing, with businesses such as printing business cards, menu cards, company presentation folders, magazines, and catalogs driving this growth. In September 2020, SOCOSPRINT PRINTERS, a French printing company that produces brochures, posters, and leaflets, invested in a new offset press with Ronald.
CEO Ajay Soni stated that this was the third offset printer installed from 2018 to 2023. The increasing demand for graphic comic novels, particularly among the younger generation, is expected to fuel the market growth over the forecast period.
Existing Restraint
The availability of digital printing press, as an alternative to offset printing press, is one of the major restraints on the growth of the market. Digital printing is a process of printing digital based images and text directly onto a variety of media substrates. These digital printing presses are much more user-friendly, easier to operate and set up than traditional offset printing presses. There is no need for printing plates, making digital printing a cost-effective choice for shorter runs and faster turnarounds.
Emerging Opportunity
Increasing growth of the packaging industry
The demand for packaging and printing of product details on solid boxes for storing of finished goods is creating attractive growth prospects for new manufacturers. For instance, in May 2017, VPK Group NV, a paper-based packaging company in Europe, invested USD 3.2 Million in its Meer site to install a Heidelberg XL 162 offset printing press for printing on solid board packaging and smart packaging solutions. This acquisition enabled the company to produce 50,000 tons of packaging and to provide top-quality solid board packaging from three sites.
Growing investments toward improving the environmental factors
Investment in technology for the offset printing press market is expected to create lucrative prospects for the industry in the coming years. Offset presses emit almost 80% fewer VOCs (Volatile Organic Compounds) than digital printing presses when used in longer runs. VOCs are inks that emit harmful gases when chemically reacting and contribute directly to climate change by trapping infrared radiation from the earth's surface. To improve this, some printing service companies are investing in the installation of drying ovens in offset presses, which helps reduce C02 emission and leads to lower energy consumption.
Scope of Offset Printing Press Market Report
The report on the global offset printing press 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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Offset Printing Press Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2015-2020
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Forecast Period
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2022–2030
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Segmentation
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by Product Type (Sheet-fed Offset Printing Press, and Web-fed Offset Printing Press), by Application (Newspapers, Magazines, Banknotes, Packaging, Marketing Material, Stationary, and Others), by End-use (Commercial, Industrial)
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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
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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.
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Offset Printing Press Market Segment Insights
The global offset printing press market is segmented on the basis of by product type, by application and end-use.
Product Type Segment Analysis
Based on product type, the global offset printing press market is divided into Sheet-fed Offset Printing Press, and Web-fed Offset Printing Press. The sheet-fed offset printing press segment had an overwhelming majority share of the printing press market in 2021. This was largely a result of the sheet-fed offset printing press's ability to produce a high-quality finish on a variety of materials, as well as its ease of use and affordability.
Application Segment Analysis
Based on 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. This is largely due to the increasing demand for efficient and cost-effective packaging solutions. Large manufacturers and brands are now turning to offset printing presses to meet their packaging demands.
End-Use Segment Analysis
By end-use, the global offset printing press market is segmented into commercial, and industrial. The commercial segment of the global offset printing press market held a significant market share. The market growth of offset printing is attributed as it is the preferred method for businesses when it comes to large-scale commercial printing needs. It is known for its high-quality results, cost-effectiveness, and versatility, making it the go-to choice for enterprises seeking reliable, custom printing services for labels, brochures, banners, and more.
Regional Analysis
North America is expected to dominate the market during the forecast period, owing to the presence of a large number of flexible packaging industries. The companies are leveraging the latest offset printing press technologies to enhance the production of their products, thus boosting the demand for the North American offset printing press market.
Segments
Product Type
- Sheet-fed Offset Printing Press
- Web-fed Offset Printing Press
Application
- Newspaper
- Magazines
- Banknotes
- Packaging
- Marketing Material
- Stationary
- Others
End-use
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 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.
Competitive Landscape
Top players in the market 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. The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the beryllium wires, tubes, & strips market.