IMARC Group has recently released a new research study “Digital Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of Digital printing market?
The global digital printing market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 39.7 Billion on by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
What is the Digital printing?
Digital printing is a modern method of printing digital images directly onto numerous media substrates, including photos, canvas, synthetics, and cardstock. These files can be converted into different formats, including JIP and portable document files (PDF). Digital printing is commercially available in inkjet and laser variants. It does not require printing plates and needs less operational space than traditional analog printing methods while offering enhanced accuracy, flexibility, durability, and cost-effectiveness. As a result, digital printing finds extensive applications in printing customized marketing materials and high-resolution fine patterns across the globe.
What are the key factors driving the global digital printing market?
The global digital printing market is primarily driven by rising product adoption across the textile and packaging sectors due to the increasing need for high-quality graphics, detail, ultraviolet (UV) radiations cured ink and clarity printing machines with reduced operational costs. Moreover, the shifting preferences of manufacturers toward digital printing from conventional printing methods for eliminating pre-press stages between files and final goods and minimizing wastage is positively influencing the market growth.
Additionally, the rising use of sustainable printing techniques owing to escalating environmental concerns among consumers has catalyzed market growth. Furthermore, the increasing use of digital printing in numerous applications, such as apparel, automobiles, e-commerce, soft-signage, media, and advertisements, for creating promotional wearables, flags, labels, banners, and the aesthetically appealing product packaging is contributing to market growth. Other factors, including increasing investments in research and development (R&D) activities, rising strategic collaborations amongst key players, and surging adoption of digital printing in consumer electronics, are also anticipated to create a positive market outlook.
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Who are the key players/companies in the global digital printing Market?
Amcor plc, Avery Dennison Corporation, Canon Inc., DIC Corporation, DS Smith plc, Durst Group AG, Inca Digital Printers Ltd. (Agfa-Gevaert Group), Konica Minolta Inc., Multi-Color Corporation, Ricoh Company Ltd., Seiko Epson Corporation, Walsworth Publishing Company, Xeikon B.V. (Flint Group) and Xerox Corporation.
|Digital printing Market Report Scope|
|Market size value in 2022||US$ 27.1 Billion|
|Market forecast in 2028||US$ 39.7 Billion|
|Growth Rate||CAGR of 6.5% from 2023 to 2028|
|Base year for estimation||2022|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends|
|Segments covered||Type, Ink Type And Application|
|Regional scope||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Key companies profiled||Amcor plc, Avery Dennison Corporation, Canon Inc., DIC Corporation, DS Smith plc, Durst Group AG, Inca Digital Printers Ltd. (Agfa-Gevaert Group), Konica Minolta Inc., Multi-Color Corporation, Ricoh Company Ltd., Seiko Epson Corporation, Walsworth Publishing Company, Xeikon B.V. (Flint Group) and Xerox Corporation.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
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The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Ink Type:
- Aqueous Ink
- UV-Cured Ink
- Solvent Ink
- Latex Ink
- Dye Sublimation Ink
Breakup by Application:
- Plastic Film or Foil
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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