Commercial Printing Market 2021 Strategic Assessments and Business Scenario – Quad/Graphics Inc., ACME Printing, LSC Communications US, LLC

MarketInsightsReports has published a report entitled Global Commercial Printing Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Global Commercial Printing Market was valued at USD 400.46 billion in 2019, and it is projected to be worth USD 460.28 billion by 2025, registering a CAGR of 2.24% during the period 2020-2025. 

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Key Market Players: Quad/Graphics Inc., ACME Printing, LSC Communications US, LLC, Cenveo Corporation, Transcontinental Inc., Dai Nippon Printing Co., Ltd., R.R. Donnelley & Sons_, Bertelsmann SE & Co. KGaA_, Toppan Co. Ltd, Vistaprint NV, Ennis Inc._, Taylor Communications_, Print Direction Inc._, O'Neil Printing and Other

Industry News and Updates:

- February 2020 - R.R. Donnelley & Sons Company (RRD) partnered with Microsoft Store to provide technology-supported, end-to-end creative and print collateral services, to help the retail brand in enhancing the in-store engagement and speedily react to dynamic market conditions.
- January 2020 - Transcontinental Inc. acquired Artisan Complete Limited, which specializes in the creation of retail environments, point-of-purchase displays, and large format printing. This acquisition may help the company to grow its in-store marketing product printing vertical.
- September 2019 - Dai Nippon Printing Co., Ltd (DNP) introduced a new dye-sublimation digital photo printer1, which is one of the most lightweight and compact2 printers available in the global market. The new printer, DP-QW410, expands the existing product lineup and can be used for a photo booth, event photographers, and ID photo solutions.

Key Market Trends

Advertising Segment to Witness Significant Growth

- The growing need for advertising in enterprises across the world, along with extensive technological proliferation, currently represent the key factors driving the market growth. Organizations are increasingly adopting commercial printers, as they are more cost-effective and efficient for bulk printing.
- The advertising sector has gained high traction in digital advertising. The increase in digital advertising has significantly impacted the market for commercial printing in the advertising sector. The deployment of digital signage at the strategic location has been taken advantage of by Sensory Interactive. The company installed three large digital displays at Circa, a new mixed-use development in Los Angeles at a total surface area of over 18,000 square feet. This was being used extensively by Nike for a variety of high-profile campaigns. Such instances have resulted in a decline in the use of printed advertising.
- Further, Soft signage is gaining popularity at a constant speed. Whether giant 5m wide prints or less, more straightforward signs, are expected to see more banners in 2020.
- For instance, Canon Solutions America has partnered with DGI USA, a manufacturer with deep roots in dye sublimation, to deliver solutions that combine DGIs highly productive printers with its robust support services and market expertise. The new DGI Dye Sublimation printers, DGI FT-3204X, DGI POSEIDON, and DGI FH-3204, are anticipated to provide an excellent solution for print service providers looking to expand their businesses into soft signage._ Such initiatives are retaining the demand for the printed advertising industry, thereby retaining the market for commercial printing in the segment.
- Further, leading fashion brands like ZARA, Oysho, and Massimo Dutti and with over 1300 eco-efficient stores worldwide since 2007 announced to bring all its stores under an eco-efficient model by 2020. ThIS significantly caters to the growth of advertising printing.

Asia-Pacific Accounts for Significant Market Share

- The Asia-Pacific region accounts for a significant market share due to increasing demand from critical regions, including China, India, Philippines, Vietnam, and Thailand. Factors such as the inception of new technologies, changing lifestyles, rise in e-commerce, urbanization, etc., are driving the growth of the printing market in the region.
- According to the Confederation of Indian Industry (CII), India is anticipated to become the fifth largest consumer market by 2025. Also, according to an ASSOCHAM-EY joint study, the print and packaging industry in India is expected to grow to USD 72.6 billion by 2020, growing at a CAGR of 18 %.
- All India Federation of Master Printers (AIFMP) estimates that the country consists of more than 250,000 MSMEs and big printers. The data from AIFMP also suggests that commercial printing in the country is growing at an annual rate of around 10%, while digital printing is growing at a robust growth rate of 30%.
- Further, in Japan, players are focused on providing innovative offerings in the inkjet printer. For instance, in November 2019, Fujifilm Holdings Corporation, photography, imaging, printing, and biotechnology company based out of Tokyo, Japan, launched Samba JPC. This inkjet printer component incorporates software and core parts required for developing industrial single-pass printing devices for commercial and package printing applications. The technology is being increasingly adopted for commercial printing of books, posters, folding cartons, corrugated cardboard, and labels.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Commercial Printing market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Commercial Printing market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Commercial Printing market.

Market Segments: This part of the report discusses product type and application segments of the global Commercial Printing market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Commercial Printing used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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