Product ID: SQMIG45O2031
Report ID:
SQMIG45O2031 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
67
Commercial Printing Market size was valued at USD 476.30 billion in 2021 and is poised to grow from USD 489.63 billion in 2022 to USD 627.78 billion by 2030, growing at a CAGR of 2.8% in the forecast period (2023-2030).
The demand for commercial printing services is on the rise due to the growing need of businesses and enterprises for advertising materials like brochures and pamphlets, which are considered excellent marketing tools. Technological advancements, such as faster presses and new color & toner technology, have led to improved production capabilities and higher quality in the printing industry. Moreover, ongoing developments in printing techniques have resulted in cost-effectiveness and efficiency, particularly for bulk printing, helping to mitigate the impact of digital media on printing services to some extent.
The e-commerce industry's thriving demand for packaging and labeling has significantly contributed to the expansion of the Commercial Printing Market. Major e-commerce vendors like Amazon, eBay, and Target are embracing innovative packaging solutions, such as additive manufacturing and AI-powered design tools, to enhance their packaging strategies. Additionally, players in logistics, warehousing, and retail sectors are investing in hybrid print technologies, combining the strengths of analog and digital approaches. This combination harnesses the dependability and effectiveness of flexographic printing alongside the creative potential of digital technology.
Despite the increasing popularity of digital media for book publishing and advertising, commercial printing maintains its relevance because of the unique experience it offers. Printed materials and publications cannot be replicated in an online medium. Devoted book readers and magazine buyers prefer the tangible, printed format due to the added experiential value it brings. Printed books also provide advantages such as enhanced readability, contributing to their enduring appeal.
US Commercial Printing Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG45O2031