IMARC Group, a leading market research company, has recently releases report titled “Digital Printing Market Report by Type (Inkjet, Laser), Ink Type (Aqueous Ink, UV-Cured Ink, Solvent Ink, Latex Ink, Dye Sublimation Ink), Application (Plastic Film or Foil, Fabric, Glass, Paper/Books, Ceramic, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the digital printing market growth.
How Big is the Digital Printing Market?
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.
Industry Overview of Digital Printing
Digital printing is a modern printing method that relies on digital technology to reproduce images and text directly onto a variety of substrates, such as paper, fabric, and plastic. It eliminates the need for physical printing plates or extensive setup, unlike traditional printing methods, such as offset or flexographic printing. It is characterized by its enhanced versatility that allows for the customization of prints and rapid turnaround times. It is suitable for personalized direct mail campaigns, event badges, and product labels, where individualized details like names, addresses, or quick response (QR) codes are necessary. It can also produce small to medium print runs in a cost-effective and efficient way as compared to traditional printing methods. It allows for easy customization and personalization of printed materials. It offers companies a more efficient and affordable solution for producing high-quality printed materials. It provides enhanced precision and vibrant color reproduction and caters to the diverse needs of companies across different industries. Besides this, it assists in eliminating the need for large print runs and excess inventory, ultimately saving costs, and reducing waste. As it is beneficial in creating multiple versions of printed materials for different regions or languages and consumes less energy compared to traditional printing methods, the demand for digital printing is increasing across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/digital-printing-market/requestsample
What are the growth prospects and trends in the digital printing industry?
At present, the rising employment of digital printing, as it is cost-effective, represents one of the significant factors strengthening the growth of the market. Apart from this, the increasing usage of digital printing, as it offers enhanced flexibility by providing variable designs on each print, is supporting the market growth. Additionally, there is a rise in the need for personalized and customized printed materials to provide an attractive look for products.
This, coupled with the increasing adoption of digital printing due to its reduced waste generation and minimal use of harmful chemicals that align with sustainability goals, is offering lucrative growth opportunities to industry investors. In line with this, the growing demand for digital printing among companies looking to produce printed materials quickly and ensure timely delivery and response to market changes is positively influencing the market. Moreover, the rising usage of digital printing for interior decoration, including wallpaper, floor coverings, and custom furnishings, is contributing to the growth of the market.
Besides this, the increasing focus on eco-friendly inks, substrates, and printing processes is bolstering the market growth. In addition, advancements in digital printing machinery, such as improved print heads and ink formulations, provide higher print quality and faster production speeds are propelling the growth of the market. The escalating demand for digital printing in the automotive industry for rapid prototyping of components and parts and to reduce development time and costs is also offering a positive market outlook.
Leading Companies Operating in the Global Digital Printing Industry:
- 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.
Digital Printing Market Report 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
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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