Description of the Report
The global market for digital printing size was $25.74 billion in 2019 and is predicted to rise to $35.71 billion in 2028, with an increase of 3.7 percent from 2021 until 2028. Printing systems that use digital technology are modern printing technologies that use digital files that are conceptualized with computers to print. Digital printing can print images in digital formats like PDF, JIP, and other media surfaces, such as fabric, paper, and ceramic. Digital printing allows the final product manufacturer to simplify the production and design process. The inkjet-based printing process utilizes the thermal bubble technology that allows the ink to be ejected onto the surface to create an exact design. In addition, inkjet printing allows 3-D printing of materials.
Digital printing techniques are developed to offer cost-effective, precise short-run color printing within a brief time frame. Digital printing systems are designed to provide superior quality products compared to offset printing. It is the most cost-effective option for customizing marketing materials such as business cards, direct mail, letters, and many more, in comparison with traditional techniques. Additionally, digital printing can reduce the time it takes to make and, as a result, delivers the final product faster.
The digital printing industry is expected to grow in the coming years due to the rapid growth of both inkjet and laser printing technology across the paper and packaging industries due to the flexibility and efficiency of this feature. The global market for digital printing is likely to grow because of the surge in the use of IoT and AI-based technology. Additionally, the increased use of digital printing within consumer electronics is anticipated to increase the market for intelligent thermostats. With these aspects in mind that the global digital printing market is predicted to witness an explosive growth rate in the coming years.
The growth of sustainable printing solutions for healthcare, pharmaceutical packaging, label, and pharmaceutical industries, as well as the need for low-cost printing methods, are a few of the major reasons for this global print market growth. However, the cost of initial investments in digital printing facilities in emerging countries is an obstacle for this market. In addition, advancements in printing technology suited to small and medium-sized businesses can create huge opportunities for the global market for digital printing.
The COVID-19 outbreak has slowed the market’s growth rate in the year 2020. The market is expected to experience an extremely slow growth rate until the close of 2021. The market was affected by the numerous obstacles created by the COVID-19 pandemic in the construction sector, such as accessibility of safety and health measures, deliverables, contractual obligations, and delays in projects or cancellations. Ultimately, this resulted in lower demand for global digital printing.
The market for digital printing is classified by Type, ink type application, and location. Based on Type, it’s divided into two segments: laser and inkjet. It is believed that the Inkjet printer segment led the market in terms of revenues in 2019 and is anticipated to continue similar trends during the forecast time. The market is classified into the solvent, aqueous dye sublimation, UV-curable latex, and the Type of ink used. Based on the use, this market can be divided into plastic films or foils, glass, textile books, paper, and ceramic. The paper segment was the most dominant market in terms of revenue in 2019. However, the foils and film conditioning segment is expected to gain significant market share in the coming years.
The digital printing market is analyzed throughout North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific) and LAMEA (Latin America and Africa, the Middle East, and Africa). APAC is expected to expand at the fastest rate throughout conjecture. APAC remains a significant part of the world supply chain market, particularly in Japan. Companies in the country are investing in the latest technology and, for instance, using multifunction printing technology to save money. Techniques.
Top Factors that Impact
The major factors that influence the development of the digital printing market include the increasing adoption of digital printers in the residential, commercial and residential sectors, the use of IoT and AI-based technology, and the increase in the printing with inkjet technology in food and beverage. However, the cost of these products in countries with poor infrastructure can be a significant obstacle to the early adoption of digital printing and hinders the expansion of this market. However, the use of digital printing in the automotive, healthcare, and textile industries is expected to create significant opportunities for digital printing over the forecast timeframe.
Analysis of Competition Analysis
Profiles and competitive analyses of leading global digital printing players, such as Canon, Inc, DIC Corporation, Epson Co. Ltd, Hewlett-Packard, Konica Minolta, Ricoh Co., Ltd, Sakata INX Co. Ltd, Toshiba, Toyo Ink SC Holdings Co. as well as Xerox Corporation are provided in this report.
Principal Benefits for Stakeholders
- This research provides an analytical representation of the market for digital printing worldwide size as well as the current developments and forecasts for the future to show the upcoming investment pockets.
- The global market analysis for digital printing is designed to identify the lucrative trends that will give you an advantage.
- The report contains details about the most important drivers, limitations, and opportunities, along with an in-depth analysis of their impact.
- The present global market for digital printing is analyzed quantitatively from 2019 to 2027 to evaluate its financial capability.
- The Porter Five Forces analysis demonstrates the potential of buyers and suppliers of the world market for digital printing.
- The report provides the market for digital printing in the world, including shares of major vendors and market developments.
Digital Printing Market Report Scope and Segmentation
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
Market Segments Key Market Segments
by Ink Type
- Dye Sublimation
In the application
- Films or Foils made of plastic Films or Foils
- North America
- The U.S.
- The U.K.
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Canon, Inc
- DIC Corporation
- Epson Co., Ltd
- Konica Minolta
- Ricoh Co., Ltd
- Sakata INX Co., Ltd
- Toshiba Co. Ltd
- Toyo Ink SC Holdings Co.
- Xerox Corporation
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA