Commercial Printing Market Will Reach USD 587.4 Billion By 2030

In 2023, the commercial printing market had a total size of USD 494 billion, and it is projected to hit USD 587.4 billion by 2030, advancing at a rate of 2.5%, during the projection period. This can be credited to the quick proliferation of improved technology, increasing variety of commercial printing apps through several sectors, thriving e-commerce industry, increasing readership of books, and growing packaged food eating.

Government establishments, like the FDA and FSSAI, mandate food and beverage businesses to mention a range of item details clearly on the packaging, which drives the requirement for commercial printing services.

For establishments, sustainability is becoming an ever more vital consideration. The introduction of green commercial printers using ecological inks and paper, while motivating the decrease and recycling of waste, has, therefore, become a substantial trend in the market.

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Additionally, the inks used by such devices reduce the need for water, comprise low or no VOCs, and are capable of printing more characters for the given volume. The requirement for green printing services will surge significantly as establishments embrace ecological practices.

In the past few years, the lithographic category dominated the worldwide commercial printing industry, based on the technology, primarily because of the increasing requirement for printing in packing applications. A high standard of photo and constancy in the print are some of the benefits provided by lithography technology.

Another trending revolution in the commercial printing market is LED UV printing. This technique used UV light to treat the ink on a substrate, resulting in ecological printing with attractive characters, without any bleeding or vanishing. Tech improvements, like particular inks and electronic imagery for precise applications, have quicker the alteration of the printing sector by allowing businesses to print products faster and more reasonably than ever before.

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The packaging category is responsible for the largest share of the industry on the basis of application. This category comprises printing on stickers, flexible wrapping, and tags, which are major needs across diverse industries.

The APAC region, which has led the commercial printing industry in recent years, will experience the highest compound annual growth rate during the projection period. This is primarily due to the substantial improvements in the printing sector, mainly in India and China, where digital tech has altered the printing landscape. Conservative printers are constantly being substituted by high-tech variants with progressive speed abilities, therefore further fuelling the efficiency of marketing strategies and materials.

Hence, the quick proliferation of improved technology, increasing variety of commercial printing apps through several sectors, thriving e-commerce industry, increasing readership of books, and growing packaged food eating, are the major factors propelling the market.

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