Digital Printing Market Overview:
The Digital Printing Market size is projected to reach $43 billion by 2030, growing at a CAGR of 7.2% during the forecast period
2023-2030. Digital printing is a contemporary method of printing images, created
using digital technology directly onto various media substrates. Digital
printing is more accurate and cost-effective than conventional printing methods
while occupying a fraction of the space. These characteristics have prompted
the broad adoption of digital printing technologies, specifically in the
textile and packaging industries.
The desire for high-quality, cost-effective graphics along with environmental sustainability is expected to drive attention toward digital printing, more specifically UV-curable ink-based printing. According to the Print Authority, digital printing for up to 2000 pieces is by far the most economical in comparison to others. Apart from this, the emergence of 3D printing, sheet-fed digital printing, printed electronics and print security are going to boost the Digital Printing Market. This represents the Digital Printing Industry Outlook.
Market Snapshot:
Digital Printing Market - Report Coverage:
The “Digital Printing Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Digital Printing Market.
Attribute | Segment |
---|---|
By Print Head Type |
|
By Ink Type |
|
By Substrate Type |
|
By Application |
|
By Geography |
|
COVID-19 / Ukraine Crisis - Impact Analysis:
- The pandemic altered the dynamics of the digital printing sector. The digital printing industry was compelled to change its focus to online transactions and methods due to abrupt shutdown restrictions everywhere in the world. This led to an initial decline in the industry, which is expected to level off with the growing popularity of e-commerce.
- Global supply chains have been seriously harmed by the Ukraine crisis and energy costs have risen sharply. Since the war started, prices for gasoline and diesel have doubled. As a result, other printing-related inputs, which are generated from petroleum, have increased in price, thus increasing the cost of printed goods.
Key Takeaways:
Dominance of Asia-Pacific Region
Inkjet segment holds the largest market share
Dominance of the UV Curable Ink segment
Emergence of Advanced Printing Techniques
Demand for Print Security
Cost and complexity would hinder the growth
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions,
partnerships and collaborations are key strategies adopted by players in the Digital
Printing Market. The top 10 companies in this industry are:
- Hewlett
Packard Enterprise (HP Laser 108w)
- Canon
Inc. (imageCLASS MF645Cx)
- Ricoh
Company Ltd. (PC311W)
- Seiko
Epson Corporation (Epson WorkForce Enterprise WF-C20600)
- Xerox
Corporation (XEROX C310 COLOR PRINTER)
- Toshiba
Co. Ltd (CF3/CF3R)
- Konica
Minolta (NASSENGER SP-1)
- Mimaki
Engineering Co. Ltd. (UJV100-160)
- Roland
GG Corporation (VersaUV LEC2-330/640 UV-LED Printer)
- Durst Phototechnik AG (TAU RSC 330 E)
Scope of Report:
Report Metric | Details |
---|---|
Base Year Considered | 2022 |
Forecast Period | 2023–2030 |
CAGR | Growing at the rate of 7.2% |
Market Size | 43 billion USD |
Segments Covered | Print Head Type, Ink Type, By Substrate Type, By Application and Region |
Geographies Covered | North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa). |
Key Market Players | 1. Hewlett Packard Enterprise 2. Canon Inc. 3. Ricoh Company Ltd. 4. Seiko Epson Corporation 5. Xerox Corporation, 6. Toshiba Co., Ltd. 7. Konica Minolta 8. Mimaki Engineering Co., Ltd. 9. Roland GG Corporation 10. Durst Phototechnik AG |
Frequently Asked Questions:
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