Our comprehensive research on the Global Digital Printing Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global digital printing market size was US$ 22.2 billion in 2021. The global digital printing market is forecast to grow to US$ 39.2 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
Digital printing systems are highly used as advanced printing technology to offer accurate, short-run, and cost-effective color printing. The digital printing system is used to develop high-quality finish products at affordable rates. They are used to develop marketing material such as business cards, direct mail, letters, etc.
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Factors Influencing the Market
The inkjet printing solutions are gaining significant traction due to their flexibility and cost-efficiency. In addition, the rising adoption of IoT and AI-based technologies will surge the growth of the global digital printing market.
Digital printing technologies find their wide applications in the consumer electronics industry. The surging demand for efficient consumer electronics will significantly contribute to the growth of the global digital printing market.
The rising demand for sustainable printing solutions across various industries, such as pharmaceutical, label, and healthcare industries, will escalate the growth of the industry. Further, an increasing number of technological advancements will also benefit the global digital printing market throughout the forecast period.
On the contrary, the need for high initial investment for digital printing plants may limit the growth of the market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic negatively affected the global digital printing market. However, the market witnessed significant opportunities in the healthcare and pharmaceutical industries. These two sectors witnessed abrupt burden and crucial need to develop novel drugs and treatment. The global digital printing market observed substantial growth in the pharmaceutical and healthcare industry. Moreover, the use of printers declined abruptly among the organization. Most of the organizations began operating on the remote mode. Thus, it hampered the growth of the digital printing market. On the contrary, the rising demand for flexible packaging surged the growth of the digital printing industry during the COVID-19 pandemic.
Regional Analysis
The Asia-Pacific digital printing market is forecast to grow at the highest growth rate due to the rising demand for consumer electronics and packaged goods. In addition, rising digitization and the presence of prominent textile printing dealers will benefit the market during the study period. Furthermore, the growing pharmaceutical industry and increasing demand for novel drugs and devices will contribute to the growth of the digital printing market.
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Competitors in the Market
- Canon
- Hewlett-Packard Development
- Ricoh Company
- Mimaki Engineering
- Roland DG Corporation
- Seiko Epson Corporation
- Xerox Corporation
- Durst Phototechnik AG
- Inca Digital Printers Limited
- Printronix
- Brother Industries
- Oki Electric Industry
- Toshiba
- Samsung Electronics
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Digital Printing industry experienced notable growth in its workforce. Starting in January, employment within the Digital Printing sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Digital Printing output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Digital Printing output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Digital Printing market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Digital Printing market.
Market Segmentation
The global digital printing market segmentation focuses on Printhead, Ink Type, Application, Product, and Region.
By Printhead Type Outlook
- Inkjet
- Laser
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By Ink Type Outlook
- UV-Cured Ink
- Aqueous Ink
- Solvent Ink
- Latex Ink
- Dye Sublimation Ink
By Application Outlook
- Plastic Film or Foil
- Release Liner
- Glass
- Textile
- Paper
- Ceramic
- Others
By Product Type Outlook
- Digital Printers
- Ink
- Printhead
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Digital Printing Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Digital Printing Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Digital Printing Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Digital Printing Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Digital Printing market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Digital Printing market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Digital Printing business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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