India Commercial Printing Market Development, Trends, Demand and Forecast till 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "India Commercial Printing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the India 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 India commercial printing market?

The India commercial printing market size reached US$ 33.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% 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 the production of text, images, and graphics onto various substrates such as paper, cardstock, fabric, and plastics. It also uses several products, including brochures, flyers, business cards, posters, banners, catalogs, magazines, packaging materials, and promotional materials. It is typically employed by professional printing companies equipped with specialized printing presses and digital printing technologies. These companies employ skilled professionals who handle the printing process, from prepress tasks such as graphic design, typesetting, and color management to printing, finishing, and binding the printed materials.

In addition, it serves various purposes, including marketing and advertising, communication, branding, and information dissemination, and allows businesses to create visually appealing and professionally produced materials that effectively convey their messages, encourage their products or services, and connect with their target audience. Nowadays, the commercial printing industry is essential in supporting businesses of all sizes across numerous sectors, including retail, finance, healthcare, education, and hospitality across India.

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

The commercial printing market in India is primarily driven by the expanding advertising and marketing industries. Additionally, with the rising consumer expenditure, businesses are increasingly investing in advertising and promotional activities. Commercial printing is essential in producing various marketing materials such as brochures, flyers, banners, and catalogs, driving the demand for printing services. In line with this, the rising demand for packaging in several industries, such as fast-moving consumer goods (FMCG), pharmaceuticals, e-commerce, and retail, are contributing to the market growth. Commercial printing companies cater to this demand by providing packaging solutions such as labels, cartons, attractive and informative packaging materials, and flexible packaging solutions.

Moreover, the widespread adoption of commercial printing in the publishing industry, such as magazines, books, and newspapers, to print textbooks, novels, periodicals, and journals represents another major growth-inducing factor. Besides this, the emergence of several technological advancements in the commercial printing industry in India, such as inkjet and laser printing that offer faster turnaround times, cost-effectiveness for short print runs, and the ability to produce high-quality prints, the adoption of advanced printing presses, prepress software, and workflow automation solutions has improved efficiency and expanded the capabilities of commercial printers, thus accelerating their adoption rate. Along with this, the implementation of government initiatives such as Make in India and Digital India have encouraged domestic manufacturing and digitalization. These initiatives have created opportunities for commercial printers, especially in sectors such as packaging, security printing, and government publications. Furthermore, government policies supporting the growth of small and medium-sized enterprises (SMEs) and the ease of doing business is also creating a positive market outlook.

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 Region:

North India
West and Central India
South India
East India

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This release was published on openPR.