With 6.7% CAGR, Digital Printing Market Size to Surpass USD 34.3 billion

The digital printing market size is expected to grow from USD 24.8 billion in 2021 to USD 34.3 billion by 2026, at a CAGR of 6.7%. This growth can be attributed to growing demand for sustainable printing.

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The digital printing market for UV-cured ink to grow at the highest CAGR during the forecast period

UV-cured ink is used in large "flatbed" printers, which print directly to rigid substrates such as plastic, wood, or aluminum, where flexibility is not a concern. However, UV-cured ink is being increasingly used in hybrid printers to print on vinyl and other flexible media traditionally associated with solvent printing. Due to the high density, UV-curable inks are capable of being printed on rigid substrates. This has increased the use of UV-curable inks for printing on POS/POP, wood, metal, glass, and other such substrates.

Inkjet printhead to account for larger share of digital printing market during the forecast period

The market for inkjet printhead is estimated to account for a larger share of the overall digital printing market during the forecast period. Inkjet print heads available in the market today can print at an average speed of 13 to 15 pages per minute (PPM). Inkjet print heads can print over a large variety of surfaces, making them perfect for printing on surfaces of brochures, T-shirts, and others. The color quality of a color inkjet print head is far superior to a laser print head. Although the ink replacement for inkjet is costlier than laser, the replacement process is simpler.

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North America to account for largest share of digital printing market during the forecast period

Most printer companies in North America are in the US. Shorter print runs and tighter deadlines are expected to drive the digital printing market in the US. Factors such as shift to color printing in the technical market and the need for a faster turnaround in the graphics business have reshaped important segments of the digital printing market in North America. The rising food production levels will highlight the need for digital printing for packaging. Moreover, improvement in the US economy and rising disposable income will increase the consumption levels in the country, further supporting the growth of the digital printing market.

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This release was published on openPR.