Global Digital Printing Market

Digital Printing Market Size, Share, Growth Analysis, By Technology(Inkjet, electrophotography, and others), By Application(Textiles, ceramics, packaging, advertising and media), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45J2203 | Region: Global | Published Date: July, 2024
Pages: 197 | Tables: 65 | Figures: 75

Digital Printing Market Insights

Digital Printing Market size was valued at USD 20.25 Billion in 2022 and is poised to grow from USD 31.2 Billion in 2023 to USD 52.43 Billion by 2031, growing at a CAGR of 6.70 % in the forecast period (2024-2031). 

Digital printing refers to the procedure of printing digital-based images directly into different media substrates like paper, photopaper, canvas, fabrics, cardstock, and more. Compared to conventional processes that need printing plates, digital printing mitigates this step. It enables for a more smooth and flexible process. This method is especially beneficial for tasks that need quick turnaround and high-quality results. Digital printing also consists of methods like inkjet and laser printing, which are extensively utilized for producing documents, marketing materials, and packaging with precision and clarity. The development of e-commerce has also immensely increased the demand for digital printing, especially in custom packaging and labeling. Online retailers are always trying to differentiate their products, so that they can offer something new to their customers, due to which the demand for custom packaging is increasing rapidly. Furthermore, businesses are trying to become more sustainable which is driving them to adopt digital printing, as it generates less waste and enables on-demand production. This minimizes overproduction and the requirement of unnecessary storage. The global market is moving towards personalized and eco-friendly solutions, progressing the expansion of digital printing services.  

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Digital Printing Market size was valued at USD 20.25 Billion in 2022 and is poised to grow from USD 31.2 Billion in 2023 to USD 52.43 Billion by 2031, growing at a CAGR of 6.70 % in the forecast period (2024-2031). 

The key market players are entering into strategic partnerships with different companies in the textile, paper, publishing, and other sectors to drive the market. This is also improving the performance and quality of their printing procedures. These prominent players are providing unique solutions to offer high-quality digital color printing solutions. Furthermore, as the demand for green technologies is awareness related to pollution from industrial production is increasing, the market players are launching eco-friendly printing solutions. They are doing this with the help of digital technologies. To increase their market share, key companies are acquiring advanced technology providers to achieve knowledge and expertise.  'Hewlett-Packard Development Company, l.P. (US) ', 'Canon, Inc.  (Japan) ', 'Ricoh Company Ltd. (Japan)', 'Mimaki Engineering Co., Ltd. (Japan)  ', 'Roland DG Corporation (Japan)  ', 'Xerox Corporation (US)  ', 'Seiko Epson Corporation (Japan)  ', 'Durst Phototechnik AG (Italy)  ', 'Electronics for Imaging, Inc. (US)  ', 'Inca Digital Printers Limited (UK)  ', 'Printronix (US)  ', 'Brother Industries, Ltd. (Japan)  ', 'Oki Electric Industry (Japan)  ', 'Kyocera Corporation (Japan) '

Companies are using advanced technologies like IoT, artificial intelligence, data analytics, machine learning, and more. These innovative technological advancements have immensely impacted services. Moreover, large-volume printing orders are also profiting from print customization owing to changes in digital printing. This will further help in the growth of the global printing market.  

The packaging sector provides immense scope for applying digital printing. Different packaging technologies and processes are utilized for serving demands of several products for specific types of brands using various technologies for printing. Some of the packaging sectors include labels, cartons, rigid plastic packaging, metal packaging, flexible packaging, and corrugated packaging. The demand for digital printing is increasing in these sectors with the growing packaging sector.  

North America is leading the digital printing market with the highest market share. There are several leading digital printing companies and technology providers in the region. Organizations like HP Inc. and Xerox Corporation are playing a vital part in boosting the market. Their intensive research and development along with a strong distribution network have expanded the growth of the market. Furthermore, the region’s strong economic environment   is also supporting the growth of the target market. Increasing high disposable incomes and favorable business settings are also encouraging investment in advanced digital printing technologies. Organizations are also willing to invest in innovative and unique equipment to improve their production abilities and meet market demands, further boosting market growth.  

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Global Digital Printing Market

Report ID: SQMIG45J2203

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