Digital Printing Market to Generate $35.71 Billion by 2028, States the Report by Allied Market Research

A lead analyst at AMR highlighted the market across North America region is anticipated to lead the trail in terms of revenue throughout the forecast period.

Allied Market Research published a research report on the digital printing market. The findings of the report exhibits that the global market for digital printing system generated $25.74 billion in 2019, and is expected to garner $35.71 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028. The report provides valuable information on changing market dynamics, key segments, top investment pockets, and competitive scenario for market players, new entrants, investors, and shareholders.

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“The global digital printing market share is expected to witness a considerable growth, owing to increase in adoption of inkjet and laser printers, especially from emerging economies such as Asia-Pacific. Furthermore, emergence of sustainable printing technologies creates potential opportunities for the market growth during the forecast period.” Said Asavari Patil, the lead Analyst of semiconductors and electronics at Allied Market Research.

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The report provides detailed information based on the drivers, restrains, and opportunities of the market to assist the market players in devising growth strategies and capitalizing on opportunities. Growth in demand for sustainable and cost-efficient printing methods and rise in demand from the food & beverage industry fuel the growth of the global digital printing market. On the other hand, high initial investment impedes the market growth. However, increase in utilization of digital dyeing and printing technology in the automotive sector presents lucrative opportunities in the coming years.

The report provides a detailed scenario of impact of the Covid-19 pandemic on the digital printing system market globally. It helps the market players, new entrants, and investors to determine strategies according to the current scenario and improvise the business structure for the future purposes. The outbreak of the global pandemic led to suspend the manufacturing facilities. In addition, the industry witnessed declined demand from end-using industries such as textile, ceramic, and glass. The supply chain management has also been disrupted during the lockdown phase. However, the government bodies have issued certain relaxations on the restrictions, which in turn would help the industry to recoup soon.

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The report offers detailed segmentation of the global digital printing system market on the basis of type, ink type, application, and region. These insights are valuable for the new entrants and existing market players to capitalize on the fastest growing and highest revenue generating segment to accomplish growth in the coming years.

Based on type, the market is bifurcated into ink-jet and laser. The ink-jet segment dominated the market with highest revenue share in 2019, holding for nearly two-thirds of the global market. On the other hand, the laser segment is anticipated to portray the fastest CAGR of 4.8% throughout the forecast period.

Based on ink type, it is categorized into queous, solvent, UV-curable, dye sublimation, latex, and others. The solvent segment held the highest market share in 2019, holding for nearly one-third of the global market. However, the UV-curable segment is expected to manifest the fastest CAGR of 4.9% throughout the forecast period.

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Based on region, the market is studied across regions including Asia-Pacific, North America, Europe, and LAMEA. The market across North America held lion’s share in 2019 with more than one-third of the total market share. Conversely, the region across Asia-Pacific is expected to register the fastest CAGR of 5.5% throughout the forecast period.

Leading market players of the global digital printing system market analyzed in the report include Hewlett-Packard, Konica Minolta, Ricoh Co., Ltd, Canon, Inc, DIC Corporation, Epson Co. Ltd, Sakata INX Co. Ltd, Toshiba, Toyo Ink SC Holdings Co., and Xerox.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.