Press release
Digital Printing Market to reach USD 491.44 Bn by 2029, emerging at a CAGR of 10.91 percent and forecast 2023-2029
Digital Printing Market
The Global Digital Printing Market encompasses a wide array of applications and technologies. It revolves around the practice of printing digital-based images directly onto various media materials, eliminating the need for printing plates, a characteristic that sets it apart from traditional offset printing. This versatile technology allows for the creation of printed materials on diverse surfaces, including paper, art paper, canvas, plastics, cardboard, textiles, and more, all from digital files such as PDFs and desktop publishing files delivered directly to digital presses. Notably, digital printing equipment doesn't require the use of printing plates, a key distinction from conventional analog printing methods like offset printing. Instead, it directly applies the image onto the media substrate. This fundamental shift has fueled the growth of the Global Digital Printing Market.
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Digital Printing Market Research Methodology
The research methodology employed for this report involves in-depth analysis, including Porter and PESTEL analysis, along with an assessment of micro-economic factors that impact the market positively or negatively.
What are Digital Printing Market Dynamics:
Digital printing has been experiencing a transformative evolution, erasing many of its earlier limitations. Notably, advancements in print quality and speed have been bridging the gap between digital and offset printing, contributing to the remarkable expansion of the Global Digital Printing Market. Moreover, this technology stands out for its environmentally friendly attributes, using fewer solvents and less contamination compared to older methods. This green and cost-effective production approach has driven increased demand for digital printing solutions in sectors like printed electronics.
Digital Printing Market Regional Insights:
North America: Dominates the Global Digital Printing Market, with a market value of in 2022, and is expected to grow by 1.7%. The increase in online services is driving demand for digital printing companies, as more households require large document orders. The rise in computer use also contributes to greater adoption of digital technologies that require printing services.
Asia Pacific: Expected to grow at a CAGR of 5.5%, emerging as a potential region. Developing countries like India, Pakistan, the Philippines, and other Southeast Asian nations are investing in textile printing infrastructure and export. In 2022, global hardcopy printer sales reached 94.23 million units, further highlighting the region's potential.
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What is Digital Printing Market Segmentation:
by Type
Inkjet
Laser
Due to their availability, simplicity of installation, and affordability, inkjet printers are the most widely used type of digital printing equipment worldwide. For printing, copying, scanning, colour printing, and printing on fabric and flexible media, inkjet printers are used instead of laser printers. Due to high equipment expenses, maintenance requirements, and printing prices, laser printing is a costly kind.
by Ink
Type Aqueous
Solvent
UV-curable
Dye Sublimation
Latex
Others
With a market share, the aqueous link kind of ink now rules the global digital printing market. The most popular kind of ink, aqueous, is utilized in all popular printers. Aqueous ink contains qualities including evaporation, open time, and nozzle wetting and is utilized as a pigment, dye, or mixture as the colourant. According to market demand and research in the report, other connections like solvent and dye sublimation held the market share.
by Application
Plastic Films or Foils
Fabric
Glass
Paper/Books
Ceramic
Due to their rising usage in the packaging and advertising industries, plastic films and foils have market share overall, making them the dominant application category. In order to package a product with a plastic cover or package that has a digitally printed design of information, styling, and appealing packaging, plastic films and foils are typically employed. The second-highest category for digital printing applications is paper and books. Paper and books are where digital printing is used the most frequently. As a result of modern printing technology that enables manufacturers to print on fabric with highly detailed work, fabric printing has recently become the newest trend on the market.
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Who are Digital Printing Market Key Players:
1. Canon, Inc.
2. Ricoh Company, Ltd.
3. Mimaki Engineering Co., Ltd.
4. Roland DG Corporation
5. Xerox Corporation
6. Seiko Epson Corporation
7. Durst Phototechnik AG
8. Electronics for Imaging, Inc.
9. Inca Digital Printers Limited
10. Printronix
11. Brother Industries, Ltd.
12. Oki Electric Industry
13. Kyocera Corporation
14. Toshiba
15. Samsung Electronics
16. Konica Minolta
17. Sharp
18. Panasonic
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The table of content for the Digital Printing Market includes:
1. Global Digital Printing Market: Research Methodology
2.
Global Digital Printing Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
1. Global Digital Printing Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by Region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MandA by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size, and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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