Market Overview:
The global digital printing market size reached US$ 28.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 48.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.73% during 2024-2032. The increasing demand for personalized printing, technological advancements enhancing print quality, e-commerce's need for customizable packaging, and sustainability concerns favoring eco-friendly practices are some of the major factors propelling the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
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2024-2032
|
Historical Years
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2018-2023
|
Market Size in 2023 |
US$ 28.8 Billion |
Market Forecast in 2032 |
US$ 48.1 Billion |
Market Growth Rate (2024-2032) |
5.73% |
Digital printing is a contemporary printing method that involves transferring digital-based images directly onto various substrates, such as paper, fabric, plastic, or ceramics. Compared to traditional printing methods, digital printing omits the need for physical printing plates, allowing for quicker setup and customization. This technique employs computer-controlled processes to reproduce intricate designs, text, or images, resulting in high-quality and precise outputs. It is widely utilized across industries for its efficiency, flexibility, and cost-effectiveness, particularly in short-run projects or personalized printing endeavors. The ongoing advancements in digital printing technology continue to enhance its capabilities and expand its applications in today's dynamic market.
The global digital printing market is experiencing robust growth driven by the increasing demand for short-run and on-demand printing across various industries, including advertising, packaging, textiles, and publishing. Besides this, the expanding need to provide quick turnaround times and accommodate variable data printing that aligns with the evolving consumer preferences towards personalized and targeted content is fueling the adoption of digital printing solutions. Moreover, significant advancements in digital printing technology, such as improved ink formulations, higher resolution capabilities, and enhanced color accuracy, are attracting businesses seeking superior print quality, thereby contributing to the market’s growth. In addition to this, the growing e-commerce sector has amplified the need for efficient and customizable packaging solutions, further propelling the demand for digital printing in the packaging industry. Furthermore, sustainability concerns are pushing companies to adopt eco-friendly printing practices, such as digital printing as it produces less waste compared to traditional methods.
Digital Printing Market Trends/Drivers
Demand for short-run and on-demand printing
The escalating demand for short-run and on-demand printing across diverse sectors is one of the prime factors fueling the growth of the digital printing market. Concurrent with this, traditional printing methods often necessitate the creation of printing plates, which can be time-consuming and costly for small print quantities. Digital printing eliminates this need, enabling businesses to produce customized and small-batch prints more economically and swiftly, creating a favorable outlook for market expansion. Furthermore, the expanding product employment across industries such as advertising, where quick production of marketing collateral is crucial, is bolstering the market growth. Apart from this, digital printing’s ability to integrate variable data printing enabling personalized content, that caters to the contemporary consumer's preference for tailored experiences is contributing to the market’s growth.
Advancements in printing technology
The continuous advancements in digital printing technology are acting as significant growth-inducing factors in the global market. Ongoing innovations such as improved ink formulations, higher print resolutions, and enhanced color management have significantly elevated the print quality achievable through digital methods, thereby aiding in market expansion. In addition to this, the rising demand for superior visual output among various businesses such as those in the fashion and interior design sectors is strengthening the market growth. Furthermore, the ability of digital printing to reproduce intricate designs with exceptional clarity and color accuracy positions it as a versatile solution for various applications, thus expanding its market reach.
E-commerce and packaging needs
The rise of e-commerce has brought about a surge in demand for efficient and customizable packaging solutions, creating lucrative opportunities for market growth. Besides this, digital printing's adaptability to print on various substrates, combined with its capability to accommodate short print runs, aligns with the requirements of the e-commerce sector, positively impacting the market growth. Moreover, the widespread product adoption of various brands and retailers to create unique and eye-catching packaging designs for their products, enhancing their online presence and consumer appeal is impelling the market growth. As sustainability concerns grow, digital printing's reduced waste generation compared to traditional methods makes it an attractive choice for environmentally conscious businesses seeking greener packaging alternatives, thereby aiding in market expansion.
Digital Printing Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global digital printing market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, ink type, and application.
Breakup by Type:
Inkjet dominates the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes inkjet and laser. According to the report, inkjet represented the largest segment.
The expanding demand for inkjet digital printing owing to its exceptional versatility and applicability across diverse sectors is creating a favorable outlook for market growth. This method's capacity to print on a wide range of substrates, including textiles, ceramics, and even three-dimensional objects, is attracting industries seeking innovative solutions. Furthermore, the non-contact nature of inkjet printing reduces the risk of substrate damage, making it suitable for delicate materials. In confluence with this, its ability to create vibrant and high-resolution prints on unconventional surfaces, such as packaging materials and signage, enhances its appeal in industries focused on visual aesthetics and brand differentiation. These unique attributes position inkjet digital printing as a dynamic and adaptable choice, thus fostering its growing demand.
Breakup by Ink Type:
- Aqueous Ink
- UV-Cured Ink
- Solvent Ink
- Latex Ink
- Dye Sublimation Ink
Aqueous ink holds the largest share in the market
A detailed breakup and analysis of the market based on the ink type has also been provided in the report. This includes aqueous ink, UV-cured ink, solvent ink, latex ink, and dye sublimation ink. According to the report, aqueous ink accounted for the largest market share.
The demand for digital aqueous ink printing is mainly driven by its eco-friendly characteristics and suitability for various applications. As environmental concerns continue to influence business practices, there is rising adoption of water-based and non-toxic aqueous inks where reducing the ecological footprint is a priority. In addition to this, aqueous inks are known for producing sharp and vivid prints while minimizing emissions of volatile organic compounds (VOCs). This makes them particularly attractive for indoor applications such as art reproductions, indoor signage, and promotional materials, where air quality considerations are paramount. The balance between high-quality output and environmentally responsible practices is thus propelling the demand for digital aqueous ink printing.
Breakup by Application:
- Plastic Film or Foil
- Fabric
- Glass
- Paper/Books
- Ceramic
- Others
Plastic film or foil dominates the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes plastic film or foil, fabric, glass, paper/books, ceramic, and others. According to the report, plastic film or foil represented the largest segment.
The surging demand for digital printing on plastic film or foil owing to its ability to offer exceptional customization and cost-effective short-run production in the packaging industry is contributing to the market’s growth. Plastic film and foil are extensively used in packaging due to their versatility, but traditional printing on these substrates often involves high setup costs and limited design flexibility. Digital printing overcomes these challenges by enabling intricate and variable designs without the need for printing plates, making it ideal for smaller production batches. This is particularly advantageous in industries where packaging serves as a crucial marketing tool, allowing brands to create eye-catching and distinctive packaging designs that resonate with consumers. Apart from this, the growing demand for personalized packaging and the need to stand out in a competitive market are fueling the adoption of digital printing on plastic film or foil.
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
North America exhibits a clear dominance, accounting for the largest digital printing market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
North America's robust e-commerce sector, driven by a digitally connected consumer base, is creating a demand for on-demand and personalized packaging solutions. As brands seek to enhance their online presence, digital printing's capability to produce short runs of customized packaging with high-quality graphics aligns with this trend, providing impetus to the market growth. Moreover, the North American market has witnessed a surge in sustainability consciousness, with businesses and consumers alike showing a preference for eco-friendly practices. In addition to this, digital printing's reduced waste production and ability to use environmentally friendly inks resonate with these values, further boosting its adoption. Apart from this, the region's status as a hub for innovation and technological advancement fuels the rapid evolution of digital printing technologies, ensuring that North America remains at the forefront of industry growth.
Competitive Landscape:
The competitive landscape of the global digital printing market is characterized by a dynamic interplay of established players and innovative newcomers, all vying for a significant market share. Industry leaders dominate with their extensive product portfolios and well-established distribution networks. These companies leverage their experience and brand reputation to cater to a diverse range of industries, from graphics and textiles to packaging and commercial printing. Concurrently, emerging players are gaining traction with their specialized offerings, often targeting niche markets with unique applications. Moreover, partnerships and collaborations are shaping the landscape as well. Print technology providers are forming alliances with software developers to enhance workflow automation and print management solutions, providing added value to their customers.
The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- 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)
- Xerox Corporation.
Recent Developments:
- In February 2022, Canon introduced an advanced, automated water-based polymer ink manufacturing facility in Venlo, designed to efficiently produce top-quality CMYK inks and meet the rising demand for inkjet production globally while reducing waste.
- In December 2021, Fujifilm Holdings Corporation introduced a new digital printing press, the Jet Press 750S High-Speed Model, featuring improved productivity and print quality.
Digital Printing Market Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Type
- Ink Type
- Application
- Region
|
Types Covered |
Inkjet, Laser |
Ink Types Covered |
Aqueous Ink, UV-Cured Ink, Solvent Ink, Latex Ink, Dye Sublimation Ink |
Applications Covered |
Plastic Film or Foil, Fabric, Glass, Paper/Books, Ceramic, Others |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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), Xerox Corporation, etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the digital printing market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global digital printing market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the digital printing industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.