GCC Commercial Printing Market Size to Reach US$ 9.2 Billion by 2028 - IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "GCC Commercial Printing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the GCC commercial printing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the GCC commercial printing market?

The GCC commercial printing market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.82% during 2023-2028.

What is commercial printing?

Commercial printing refers to the process of producing printed materials on a large scale for businesses, organizations, and individuals. It involves printing various promotional, marketing, and informational materials such as brochures, flyers, business cards, catalogs, posters, and packaging. Commercial printing utilizes professional printing equipment, including digital printers, offset printers, and specialized machinery, to produce high-quality and consistent results. The printing process may involve color management, pre-press preparation, printing, and finishing techniques like cutting, folding, binding, and coating. Commercial printing services are typically provided by printing companies or commercial printers that cater to the diverse printing needs of clients across different industries.

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What are the growth prospects and trends in the GCC commercial printing industry?

The rising need for high-quality printed materials for marketing and communication purposes represents the prime factor driving the commercial printing market growth in GCC. Besides this, significant economic growth and development in the region and the increased advertising spending among various organizations and businesses to promote their products and services are creating a positive outlook for the market.

Moreover, ongoing technological advancements in the commercial printing industry, such as the advent of inkjet, electrophotography, and gravure printing, are acting as another key growth-inducing factor. Concurrent with this, the shifting end-user preference from traditional offset to advanced digital high-speed technologies due to their improved efficiency, effectivity, and reduced costs is contributing to the market growth. In addition to this, the escalating environmental concerns among consumers and the widespread adoption of eco-friendly printing techniques by several printing houses to minimize waste and utilize less energy are presenting remunerative growth opportunities for the market. Furthermore, the bolstering growth of the education, retail, and tourism sectors leading to an enhanced demand for textbooks, brochures, flyers, packaging, and labels and the surging demand for personalized prints, such as wedding invitations and business cards, are aiding in market expansion. Looking forward, the market value is projected to reach US$ 9.2 Billion by 2028, expanding at a CAGR of 2.82% during 2023-2028.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Technology:

Lithographic Printing
Digital Printing
Flexographic Printing
Screen Printing
Gravure Printing
Others

Breakup by Print Type:

Image
Painting
Pattern
Others

Breakup by Application:

Packaging
Advertising
Publishing

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

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This release was published on openPR.