2028 Global Digital Printing Industry Size, Share, Trends and Competitors Analysis

The Global Digital Printing Market is accounted for $22.79 billion in 2020 and is expected to reach $44.76 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Some of the key factors propelling the market growth include growing demand for sustainable printing and developments in packaging and textile industries, reduction in per unit cost of printing with digital printers, rapid industrialization, growing demand of printing for e- commerce, and rising demand for digital advertisements. However, high initial investments are likely to restraint the market.

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Some of the key players in Digital Printing Market include Westrock Company, DS Smith PLC, IronMark Inc., Smurfit Kappa, Southland Printing Company Inc., Avery Dennison Corporation, Mondi PLC, Hewlett-Packard Development Company, l.P., Xeikon NV, Canon, Inc., Seiko Epson Corporation, Amcor PLC, Xerox Corporation, Samsung Electronics, Toshiba, Kyocera Corporation, and Panasonic.

On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to rapid growth in industrialization that has created increase in demand for digital printing. Moreover increase in demand from textile industry, packaging industry and others leverages a positive impact on the market growth in this region. The Chinese printing industry shows a high level of enthusiasm and interest toward new, data-based business models, digital platform solutions, and end-to-end digitized value creation chains. The digital printing penetration has enabled the local designers to have online access to over 12,000 folding carton designs, making the designing of packaging as a forefront toward adoption. The Japanese digital printing market is driven by various factors, such as the growing adoption of e-commerce, consumer electronics, and packaged and processed food. Besides, factors such as the rise in demand for various application areas have been driving the market growth in the country.

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