IMARC Group, a leading market research company, has recently releases report titled “Digital Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global digital printing market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Digital Printing
Digital printing is a modern printing method that involves the direct transfer of digital images onto various substrates, such as paper, fabric, or plastic. It relies on digital files to produce high-quality prints quickly and efficiently unlike traditional printing methods like offset printing, which require the creation of printing plates. In digital printing, the process begins with the creation of a digital file containing the artwork or design to be printed. This file is then sent to a digital printer, which applies ink or toner directly onto the chosen material. The printer interprets the information of the digital file, translating it into precise patterns of dots or pixels, resulting in a faithful reproduction of the original image. In addition, it allows for variable data printing, enabling customization of each printed piece with unique content, making it ideal for personalized marketing materials. Furthermore, digital printing is cost-effective for short to medium print runs, eliminating the need for expensive setup costs associated with traditional printing methods.
How Big Is the Digital Printing Market?
The global digital printing market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
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What are the growth prospects and trends in the digital printing industry?
The growing demand for digital printing, as it allows for high-quality customization of printed materials represents one of the key factors offering a favorable market outlook. Businesses can tailor their marketing collateral, packaging, and products to individual preferences, enhancing customer engagement and loyalty. Besides this, traditional printing methods often require large print runs to justify setup costs.
Digital printing eliminates these setup expenses, making short-run printing economically viable. This flexibility caters to businesses looking to print smaller quantities efficiently, reducing waste and inventory costs. In addition, digital printing offers swift production cycles. Businesses can respond quickly to market changes, adapt their messaging, and bring products to market faster.
This agility is especially crucial in industries like fashion and advertising, where trends evolve rapidly. Furthermore, innovations, such as ultraviolet (UV)-curable and latex inks, are expanding the range of substrates that can be printed digitally, including textiles, ceramics, and even 3D objects.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Inkjet
- Laser
Breakup by Ink Type:
- Aqueous Ink
- UV-Cured Ink
- Solvent Ink
- Latex Ink
- Dye Sublimation Ink
Breakup by Application:
- Plastic Film or Foil
- Fabric
- Glass
- Paper/Books
- Ceramic
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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