According to the latest report by IMARC Group, titled “Digital Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global digital printing market size reached US$ 27.1 Billion in 2022. Digital printing refers to a printing technique that involves directly transferring digital files onto various substrates using advanced inkjet or laser printing technologies. This process eliminates the need for printing plates, making it highly efficient for short print runs and personalized printing. Digital printing offers remarkable advantages such as cost-effectiveness, faster turnaround times, and the capacity to produce high-quality prints with intricate details and vibrant colors. The versatility of this technology allows it to cater to a variety of industries, including advertising, packaging, textiles, and publishing. From producing marketing collateral and promotional materials to customized labels and packaging, digital printing has become a go-to solution for businesses seeking fast and flexible printing solutions.
Global Digital Printing Market Trends:
The global digital printing market is primarily fueled by the increasing demand for on-demand printing solutions and the growing preference for personalized and variable data printing. Besides this, a rising number of businesses are adopting digital printing to cater to their customers' specific needs efficiently, enhance brand engagement, and drive marketing effectiveness, which, in turn, is creating a favorable outlook for market expansion. Moreover, rapid advancements in digital printing technology have significantly improved print quality, allowing businesses to create eye-catching and visually appealing marketing materials. In addition to this, the rise of e-commerce, the need for efficient packaging solutions, and the surging demand for customized and small-batch packaging designs have driven the demand for digital printing in the packaging industry, contributing to market growth. Concurrently, the expanding adoption of digital printing for product labeling across the thriving food and beverage (F&B) industry, enabling companies to comply with changing regulations and display accurate nutritional information on their packaging, is acting as another significant growth-inducing factor. Furthermore, the shift toward sustainable practices and the rising preference for eco-friendly solutions is propelling the demand for digital printing that offers benefits such as reduced waste, lower energy consumption, and use of environmentally friendly ink, thereby bolstering the market growth. Looking forward, the market value is projected to reach US$ 39.7 Billion by 2028, expanding at a CAGR of 6.5% during 2023-2028.
- Based on the type, the market is bifurcated into inkjet and laser.
- On the basis of the ink type, the market has been segregated into aqueous, UV-cured, solvent, latex, and dye sublimation inks.
- Based on the application, the market is categorized into plastic film or foil, fabric, glass, paper/books, ceramic, and others.
- On a regional basis, the market has been segmented into 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 Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being 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.
|Base Year of the Analysis
||Type, Ink Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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
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