Global Digital Printing Market Share 2023
According to the latest report by IMARC Group, titled “Digital Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global digital printing market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global digital printing market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 39.7 Billion on by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is the Digital printing?
Digital printing is a modern method of printing electronic files from a desktop or other digital storage device. It prints digital-based images directly onto multiple media substrates such as synthetics, canvas, fabric, cardstocks, and photos. These files can also be converted into varying types of documents, such as portable document files (PDF) and JIP. It is simple, versatile, eco-friendly, cost-effective, durable, and flexible, offers high quality, provides improved accuracy and customization, and requires minimal operational space and time. Owing to these benefits, digital printing is widely utilized for high-resolution printing patterns and customized marketing materials across the globe.
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What are the key factors driving the global digital printing market?
The market is primarily driven by the rising adoption of digital printing in the textile industry due to the surging need for ultraviolet (UV) radiations cured ink, high-quality graphics, detail, and clarity printing machines. In addition, the expanding packaging industry and the escalating demand for labels, metal packaging, cartons, and corrugated and flexible packaging, is contributing to the market growth. Moreover, various technological advancements, such as the introduction of the internet of things (IoT), artificial intelligence (AI), and machine learning (ML), represent another major growth-inducing factor.
Besides this, the growing environmental awareness regarding conventional printing technologies such as solid ink and offset printing is encouraging key players to launch advanced digital printing solutions, including mild solvents and less-harmful chemicals, which is providing a positive thrust to the market growth. Furthermore, strategic collaborations amongst leading market players and the increasing utilization of digital printing in clothing, automobiles, e-commerce, soft-signage, media, and advertisements industries to produce promotional wears, banners, and flags, are also creating a favorable market outlook across the globe.
For the competitor segment, the report includes global key players of the digital printing market.
- 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.
|Digital printing Market Report Scope|
|Market size value in 2022||US$ 27.1 Billion|
|Market forecast in 2028||US$ 39.7 Billion|
|Growth Rate||CAGR of 6.5% from 2023 to 2028|
|Base year for estimation||2022|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends|
|Segments covered||Type, Ink Type And Application|
|Regional scope||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Ink Type:
- Aqueous Ink
- UV-Cured Ink
- Solvent Ink
- Latex Ink
- Dye Sublimation Ink
Market Breakup by Application:
- Plastic Film or Foil
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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