"Smart Strategies, Giving Speed to your Growth Trajectory"
The global digital printing market size was valued at USD 35.77 billion in 2022 and is projected to grow from USD 39.63 billion in 2023 to USD 87.21 billion by 2030, exhibiting a CAGR of 11.9% from 2023 to 2030. North America dominated the global market with a share of 48.75% in 2022.
Digital printing refers to printing image or content on various surfaces, such as textile, paper, plastics, and more. With the rapid digitalization and adoption of advanced technologies, the printing market has witnessed significant changes. This printing technique offers innovative and efficient methods that help reduce human workload and printing errors. With the growing opportunities in the market, various companies are investing in new product developments and innovations. For instance,
Substantial Increase in Home Deliveries amid Pandemic Propelled the Market Growth
The COVID-19 pandemic severely impacted the print industry across the globe. As many countries went into lockdown, the demand for customized printing reduced drastically. Furthermore, there was a significant drop in the growth of the book market as schools and other educational institutions were closed. Also, the introduction of online learning and remote teaching hampered the demand for books across the globe. Thus, the drastic reduction in the demand for books, magazines, personalized photos, and banners amid the pandemic negatively impacted the digital printing market growth.
However, a significant change in peoples’ buying behavior increased the preference for online shopping and deliveries. Many industries implemented at-home delivery strategies and this move boosted the demand for packages and labels. This factor boosted the market expansion as digital printing offers high-quality printing at the fastest pace. Thus, varying impacts of the pandemic on different industries significantly affected the market growth. However, post-pandemic, the market is expected to witness lucrative opportunities for growth.
Demand for Sustainable & Eco-Friendly Printing to Propel Market Growth
The rising concerns regarding climate change and introduction of initiatives, such as Red Alert are driving the companies in various industries to use green technologies. Similarly, in the printing industry, the launch of green printing initiatives is expected to boost the demand for digital printing amongst end-users. This factor is expected to boost the digital printing market share in the coming years. As this printing technology helps in reducing wastage and lowers the length of various operations, it reduces the impact on climate as well.
Similarly, the increasing adoption of water-based inks or bio-based solvents is expected to lower the emissions of organic compounds. For instance,
Thus, the growing awareness about eco-friendly printing technologies will accelerate the market growth.
Request a Free sample to learn more about this report.
Technological Advancements in Label Printing to Drive Market Growth
The label printing sector is witnessing significant challenges owing to the rapidly changing buying behavior of customers across the world. The increasing demand for customized labels has propelled the need for fast and efficient printing technologies. With the implementation of digital printing systems, enterprises can offer faster deliveries as per their customers’ requirements. Also, this technology offers a comprehensive range of features, thus enhancing key market players’ capability to cater to the evolving needs of the label printing industry.
Considering the growing opportunities, many end-users in the labeling and packaging industry are investing in digital technologies. For instance,
Thus, a robust increase in the demand for personalized labeling is set to drive the adoption of digital type of printing technologies.
Higher Cost of Investment to Hinder Market Growth
Digital printing technology offers various benefits in terms of operational potential and efficiency. However, it creates a huge financial burden on the market players as the cost of printers, inks, solvents, and other such products is quite high. The period of return on investment is longer as compared to other solutions. These factors are expected to negatively impact the market growth.
Quick Turn-around Time to Boost Demand for Inkjet Printers
Based on print-head type, the market is segmented into inkjet, laser, and digital press.
The inkjet segment is set to hold a dominant market share during the forecast period. The increase in on-demand printing and the ability of inkjet printers to offer faster output will propel the segment’s growth. Moreover, the eco-friendly capabilities of these printers will fuel their demand as the adoption of green technologies is growing.
The digital press segment is also predicted to record a rapid growth rate during the forecast period. The increasing adoption of digital technologies in the publishing sector will fuel the segment’s growth. Also, the cost-effectiveness of digital presses for smaller runs and availability of customization options for mass printing will help the segment grow.
The laser segment will showcase a steady growth rate owing to its high quality prints.
Rise in Online Shopping to Propel Use of Digital Printing Technologies in Thick Cardstocks
Based on application, the market is segmented into paper, textile, glass, plastic film, thick cardstock, and others.
The thick cardstock segment is anticipated to gain the maximum market share during the forecast period. The increase in online shopping and e-commerce are some of the key factors boosting the segment’s growth.
Similarly, the plastic film segment will also record a prominent growth rate during the forecast period considering its economic and faster printing capabilities.
The paper segment is estimated to gain a dominant market share during the forecast period. As the technology offers cost-effective tools, the media and printing press are investing in digital technologies for paper printing.
The textile segment will also record major growth during the forecast period. The rapid changes in consumer behavior and fashion trends will propel the segment’s growth. Also, the increasing demand for clotting and other textile products will boost the adoption of faster printing techniques.
To know how our report can help streamline your business, Speak to Analyst
Growing Demand for High-Quality Printing Content to Boost Product Use in Publishing Sector
By end-user, the market is categorized into publishing (books, magazine, and newspapers), clothing, packaging & label, and others (ad and media printing).
The publishing segment is anticipated to capture a major market share during the forecast period. Magazine manufacturers and marketing agencies are increasingly implementing new digital technologies to produce high-quality prints. Also, the faster production time has prompted book publishers to invest in digital type of printing.
The packaging & label segment is set to record the highest CAGR during the forecast period. The rise in retail and e-commerce channels is driving the adoption of new printing technologies. Also, the use of digital labeling techniques in fashion accessories, medicines, contact cards, and more will propel the segment’s growth.
The rise in innovative fashion clothing trends will propel the clothing segment growth during the forecast period.
The global market scope is studied across five regions, namely North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
North America Digital Printing Market Size, 2022 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
North America is set to gain the maximum market share during the forecast period. The adoption of innovative digital technologies across various industries will propel the digital printing market growth in the region. The U.S. will capture the maximum share in the regional market owing to the rapidly growing textile and publishing sectors. For instance,
To know how our report can help streamline your business, Speak to Analyst
Asia Pacific will also witness a rapid growth rate in the global market during the forecast period. The exponential rise in the e-commerce industry across China, Japan, and South Korea will boost the market’s growth in the region. According to industry experts, the demand for digitalized label printing has gained traction in Asia Pacific.
Similarly, Europe might showcase a prominent growth rate during the forecast period. Many companies in the region are strategically collaborating and acquiring small players to expand their global reach. For instance,
The Middle East & Africa are set to showcase a significant growth rate during the forecast period. The robust growth of the Turkish textile & clothing industry will propel the market growth in the country.
Similarly, South America may display a slow and steady growth rate. The growing adoption of digital solutions is one of the key factors propelling the regional market growth.
Strategic Collaborations to Help Key Players Expand Their Market Share
Key market players are entering strategic collaborations with various companies in the textile, paper, publishing, and other industries to boost the performance and quality of their printing techniques. These players are offering innovative solutions to provide high-quality digital color printing solutions. As the demand for green technologies and awareness regarding pollution from industrial production is growing, the market players are introducing eco-friendly printing solutiond using digital technologies. Furthermore, to expand their market share, prominent companies are acquiring advanced technology providers to gain knowledge and expertise.
An Infographic Representation of Digital Printing Market
To get information on various segments, share your queries with us
The digital printing market report provides a detailed analysis of the market and focuses on key aspects, such as leading companies, competitive landscape, product/service types, and leading applications of the product. Besides, the report offers insights into the latest market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth of the market in recent years.
CAGR of 11.9% from 2023 to 2030
Value (USD Billion)
By Print-head Type
The market value is projected to reach USD 87.21 billion by 2030.
In 2022, the market was valued at USD 35.77 billion.
The market is projected to record a CAGR of 11.9% during the forecast period.
The publishing (books, magazine, newspapers) segment is expected to lead the market.
Technological advancements in label printing to drive the market growth.
Canon Inc., Smurfit Kappa Group PLC, ARC Document Solutions LLC, Epson Co., Ltd., Ricoh Co., Ltd., Xerox Corporation, DIC Corporation, and Mimaki Engineering Co., Ltd. are the top players in the market.
North America is expected to hold the highest market share.
By print-head type, the inkjet segment is expected to have the largest market share during the forecast period.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry