Global Digital Printing Market

Global Digital Printing Market Size, Share, Growth Analysis, By Technology(Inkjet, electrophotography), By Application(Textiles, ceramics) - Industry Forecast 2023-2030


Report ID: SQMIG45J2099 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 65 | Figures: 75

Global Digital Printing Market Insights

Global Digital Printing Market size was valued at USD 24.30 billion in 2021 and is poised to grow from USD 25.95 billion in 2022 to USD 43.93 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

The global digital printing market is a dynamic and rapidly evolving industry that has revolutionized the traditional printing landscape. It serves as a game-changer for businesses seeking efficient and versatile printing solutions. Driving the growth of the digital printing market are several key factors. First, the demand for on-demand printing and personalization options has surged, driven by changing consumer preferences and the need for targeted marketing campaigns. Digital printing fulfills these requirements by enabling customization and quick production of small batches without the need for expensive setups or plates. Additionally, the growing e-commerce industry has spurred the need for efficient packaging and labeling, further propelling the adoption of digital printing solutions. With the rise of online shopping, brands are seeking eye-catching packaging and labeling to differentiate their products, and digital printing offers cost-effective and vibrant printing options to meet these demands.

Factors such as the high initial setup cost of digital printing equipment and the ongoing maintenance expenses may pose challenges for small and medium-sized enterprises. Furthermore, the market is susceptible to fluctuations in raw material prices, which can impact the overall profitability of printing service providers. Key trends in the digital printing market include the integration of advanced technologies like artificial intelligence and machine learning, which enhance printing precision and efficiency. Moreover, sustainable printing practices have gained traction, with the industry focusing on eco-friendly inks, recyclable substrates, and energy-efficient printing processes. Amidst these trends and challenges, several opportunities exist within the digital printing market. The continuous innovation in printing technologies, such as UV-curable and latex inks, opens up new avenues for growth. Additionally, the increasing adoption of digital textile printing in the fashion and home decor industries presents a lucrative opportunity for digital printing providers to cater to this growing market segment.

Market snapshot - (2023-2030)

Global Market Size

USD 24.30 billion

Largest Segment

Inkjet

Fastest Growth

Inkjet

Growth Rate

6.8% CAGR

Global Digital Printing Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Digital Printing Market Size By Technology 2022-2030 ($ Bn)
Global Digital Printing Market Size By Technology 2022-2030 (%)

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Global Digital Printing Market Segmental Analysis

Global Digital Printing Market is segmented on the basis of technology, application, and region. By technology, the market is segmented into inkjet, electrophotography, and others. By application, the market is segmented into textiles, ceramics, packaging, advertising and media, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Digital Printing Market Analysis by Technology

Inkjet printing is currently the largest segment of the digital printing market, accounting for approximately 55% of the total market share. This is due to the versatility and flexibility of inkjet technology, which can be used for a wide range of applications, from printing on paper to textiles and packaging materials. Inkjet technology is also popular for its high-quality output and relatively low cost, making it a popular choice for small and medium-sized businesses.

The fastest growing segment in the digital printing market is electrophotography. Electrophotography, also known as laser printing, is a digital printing technology that uses a laser to transfer toner onto paper. This technology is ideal for high-volume printing, such as in commercial printing or book publishing, as it offers high-speed printing and consistent quality output. The growth of electrophotography is largely driven by the increasing demand for on-demand printing, which requires faster turnaround times and higher print quality. The technology is also becoming more affordable, making it accessible to a wider range of businesses. In addition, the increasing adoption of digital printing in the packaging industry is expected to further drive demand for electrophotography, as it offers superior print quality on a variety of packaging materials.

Global Digital Printing Market Analysis by Application

The largest segment in the Global Digital Printing Market by application is packaging. The demand for digital printing in the packaging industry is driven by the growing trend of e-commerce and online shopping, which requires efficient and effective packaging solutions. This growth is attributed to the increasing demand for customized and personalized packaging solutions, which can be easily achieved through digital printing. Digital printing also offers advantages such as shorter lead times, lower costs, and reduced waste compared to traditional printing methods.

The fastest-growing segment in the Global Digital Printing Market by application is textiles. The demand for digital printing in the textile industry is driven by the growing trend of personalization and customization in fashion and home decor. This growth is attributed to the increasing demand for sustainable and eco-friendly printing solutions, which can be achieved through digital printing. Digital printing also offers advantages such as reduced water consumption, lower energy consumption, and reduced waste compared to traditional printing methods.

Global Digital Printing Market Size By Technology 2022(%), 2021 (%)

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Global Digital Printing Market Regional Insights

North America dominated the Global Digital Printing Market. The United States is the largest market for digital printing in this region, with significant demand from several industries such as packaging, textiles, and commercial printing. The high adoption rate of advanced printing technologies, coupled with the presence of several key market players, is driving the growth of the digital printing market in North America.

Asia-Pacific is the fastest-growing region in the Global Digital Printing Market. The growth of the digital printing market in this region is fueled by factors such as the increasing population, the rise of e-commerce, and the expanding packaging and textile industries. China and Japan are the two major markets driving the growth of digital printing in the Asia-Pacific region.

Global Digital Printing Market Size By Geography, 2022-2030, (2023-2030)
  • Largest
  • Fastest

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Global Digital Printing Market Dynamics

Global Digital Printing Market Drivers

Increasing demand for personalization and customization

  • With the rise of e-commerce and online shopping, consumers are increasingly looking for personalized and customized products. Digital printing allows for quick and cost-effective production of customized products, such as personalized phone cases, mugs, and t-shirts. This has led to an increase in demand for digital printing services.

Advancements in printing technology

  • The digital printing industry has seen significant advancements in technology, such as the development of high-speed inkjet printers and improved color management systems. These advancements have resulted in higher quality prints, faster production times, and lower costs, making digital printing a more attractive option for businesses.

Global Digital Printing Market Restraints

High initial investment costs

  • While digital printing technology has become more affordable in recent years, the initial investment costs can still be high for small businesses. This can be a barrier to entry for some companies, particularly those with limited budgets.

Environmental concerns

  • Digital printing can produce a large amount of waste, particularly when printing on non-recyclable materials. This has led to concerns about the environmental impact of the industry, and some companies are looking for more sustainable printing options.

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Global Digital Printing Market Competitive Landscape

The market is highly competitive and fragmented, with a large number of players operating in the industry. Some of the major market players are making significant investments in R&D to enhance their product offerings and stay one step ahead of the competition. Additionally, they are concentrating on strategic alliances and collaborations to broaden their customer base and market penetration. Along with these well-known players, a number of smaller businesses and startups are also breaking into the market with cutting-edge goods and services. These companies are often focused on niche markets or specific applications, such as textile printing or 3D printing.

Top Player’s Company Profiles in Global Digital Printing Market

  • HP Inc. (US)
  • Canon Inc. (Japan)
  • Xerox Corporation (US)
  • Ricoh Company Ltd. (Japan)
  • Konica Minolta Inc. (Japan)
  • EFI Electronics for Imaging Inc. (US)
  • Agfa-Gevaert NV (Belgium)
  • Durst Phototechnik AG (Italy)
  • Seiko Epson Corporation (Japan)
  • Kyocera Document Solutions Inc. (Japan)
  • Fujifilm Holdings Corporation (Japan)
  • Mimaki Engineering Co. Ltd. (Japan)
  • Inca Digital Printers Ltd. (UK)
  • Mutoh Industries Ltd. (Japan)
  • Roland DG Corporation (Japan)
  • Electronics for Imaging, Inc. (US)
  • Kornit Digital Ltd. (Israel)
  • Caldera Graphics SAS (France)
  • Global Graphics SE (Belgium)
  • Electronics for Imaging, Inc. (US)

Global Digital Printing Market Recent Developments

  • In January 2021, HP Inc. announced the acquisition of HyperX, a gaming peripherals company, to expand its gaming portfolio.
  • In March 2021, Canon Inc. launched a new digital printing press, the imagePRESS C170 Series, to meet the demand for high-quality prints in the commercial printing industry.
  • In June 2021, Xerox Corporation announced its acquisition of CareAR, a provider of enterprise augmented reality software solutions, to enhance its service offerings.
  • In August 2021, Konica Minolta Inc. announced the launch of a new digital printing press, the AccurioPress C7100/C7090 series, with improved productivity and flexibility.
  • In October 2021, Ricoh Company Ltd. announced the acquisition of DocuWare GmbH, a provider of cloud-based document management and workflow automation software solutions.
  • In December 2021, Fujifilm Holdings Corporation announced the launch of a new digital printing press, the Jet Press 750S High Speed Model, with improved productivity and print quality.

Global Digital Printing Key Market Trends

  • Increased adoption of web-to-print solutions: Web-to-print solutions allow customers to design and order printed products online, which can streamline the ordering process and reduce costs for businesses. This trend is expected to continue as more companies look for ways to improve their online presence and customer experience.
  • Growth in packaging printing: The packaging industry is one of the fastest-growing segments of the digital printing market. Digital printing allows for shorter print runs and faster turnaround times, which is particularly important in the packaging industry where time-to-market is critical. As e-commerce continues to grow, the demand for customized packaging is also expected to increase.

Global Digital Printing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Digital Printing Market analysis, the market is expected to continue to grow in the coming years due to the increasing demand for personalized and customized printing solutions across various industries such as packaging, textiles, and commercial printing. The rise in e-commerce and online shopping has also contributed to the growth of the digital printing market, as companies are looking for ways to improve their product packaging and branding. Additionally, advancements in technology such as 3D printing and the Internet of Things (IoT) are expected to further drive the growth of the digital printing market in the future. However, factors such as high initial investment costs and environmental concerns related to digital printing may hinder the growth of the market.

Report Metric Details
Market size value in 2021 USD 24.30 billion
Market size value in 2030 USD 25.95 billion
Growth Rate 6.8%
Base year 2021
Forecast period (2023-2030)
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Inkjet, electrophotography, and others
  • Application
    • Textiles, ceramics, packaging, advertising and media, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • HP Inc. (US)
  • Canon Inc. (Japan)
  • Xerox Corporation (US)
  • Ricoh Company Ltd. (Japan)
  • Konica Minolta Inc. (Japan)
  • EFI Electronics for Imaging Inc. (US)
  • Agfa-Gevaert NV (Belgium)
  • Durst Phototechnik AG (Italy)
  • Seiko Epson Corporation (Japan)
  • Kyocera Document Solutions Inc. (Japan)
  • Fujifilm Holdings Corporation (Japan)
  • Mimaki Engineering Co. Ltd. (Japan)
  • Inca Digital Printers Ltd. (UK)
  • Mutoh Industries Ltd. (Japan)
  • Roland DG Corporation (Japan)
  • Electronics for Imaging, Inc. (US)
  • Kornit Digital Ltd. (Israel)
  • Caldera Graphics SAS (France)
  • Global Graphics SE (Belgium)
  • Electronics for Imaging, Inc. (US)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Digital Printing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Digital Printing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Digital Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Digital Printing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Digital Printing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Digital Printing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Digital Printing Market size was valued at USD 24.30 billion in 2021 and is poised to grow from USD 25.95 billion in 2022 to USD 43.93 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

The market is highly competitive and fragmented, with a large number of players operating in the industry. Some of the major market players are making significant investments in R&D to enhance their product offerings and stay one step ahead of the competition. Additionally, they are concentrating on strategic alliances and collaborations to broaden their customer base and market penetration. Along with these well-known players, a number of smaller businesses and startups are also breaking into the market with cutting-edge goods and services. These companies are often focused on niche markets or specific applications, such as textile printing or 3D printing. 'HP Inc. (US)', 'Canon Inc. (Japan)', 'Xerox Corporation (US)', 'Ricoh Company Ltd. (Japan)', 'Konica Minolta Inc. (Japan)', 'EFI Electronics for Imaging Inc. (US)', 'Agfa-Gevaert NV (Belgium)', 'Durst Phototechnik AG (Italy)', 'Seiko Epson Corporation (Japan)', 'Kyocera Document Solutions Inc. (Japan)', 'Fujifilm Holdings Corporation (Japan)', 'Mimaki Engineering Co. Ltd. (Japan)', 'Inca Digital Printers Ltd. (UK)', 'Mutoh Industries Ltd. (Japan)', 'Roland DG Corporation (Japan)', 'Electronics for Imaging, Inc. (US)', 'Kornit Digital Ltd. (Israel)', 'Caldera Graphics SAS (France)', 'Global Graphics SE (Belgium)', 'Electronics for Imaging, Inc. (US)'

With the rise of e-commerce and online shopping, consumers are increasingly looking for personalized and customized products. Digital printing allows for quick and cost-effective production of customized products, such as personalized phone cases, mugs, and t-shirts. This has led to an increase in demand for digital printing services.

Increased adoption of web-to-print solutions: Web-to-print solutions allow customers to design and order printed products online, which can streamline the ordering process and reduce costs for businesses. This trend is expected to continue as more companies look for ways to improve their online presence and customer experience.

North America dominated the Global Digital Printing Market. The United States is the largest market for digital printing in this region, with significant demand from several industries such as packaging, textiles, and commercial printing. The high adoption rate of advanced printing technologies, coupled with the presence of several key market players, is driving the growth of the digital printing market in North America.

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