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Printing Market Growth, Opportunity And Forecast Report 2024-2033
Printing Market
The Business Research Company presents an extensive market research report on the Printing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The printing market size has grown steadily in recent years. It will grow from $356.84 billion in 2023 to $374.31 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to publishing industry growth, packaging requirements, global economic conditions, environmental regulations, consumer preferences.
The printing market size is expected to see steady growth in the next few years. It will grow to $443.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to sustainable printing practices, e-commerce packaging, smart packaging, remote work impact, health and safety concerns. Major trends in the forecast period include 3d printing advancements, digital printing, personalization in printing, augmented reality (ar) integration, smart printing solutions, hybrid printing technologies.
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Key Market Players:
Major companies operating in the printing market report are HP Inc., Canon Inc., Fujifilm Holdings Corporation, Bertelsmann SE & Co. KGaA, Ricoh Company Ltd., Toppan Inc., Dai Nippon Printing Co. Ltd., Konica Minolta Inc., Xerox Corporation, R.R. Donnelley & Sons, LSC Communications Inc., Quad/Graphics Inc., Gannett Co Inc., SHUTTERFLY Inc., Transcontinental Inc., The Crane Company, Cenveo Corporation, Vistaprint NV, Electronics for Imaging Inc., OKI Data Corporation, ENNIS Inc., Raksul Inc., The Vomela Companies, Pax Industries Inc., Xante Corporation, O'Neil Printing Inc., ACME Printing, The McClatchy Company, Print Direction Inc., Taylor Communications, Ryobi Limited, Screen Holdings Co. Ltd., Gallus Holding AG, Domino Printing Sciences plc, MGI Digital Technology
Market Drivers:
Rising requirement for packaging in e-commerce is expected to propel the growth of the printing market. E-commerce packages are custom printed and are commonly used by the expanding e-commerce retailers. For instance, according to data by U.S. Census Bureau, an agency of the government of the US, U.S. retail e-commerce sales during the third quarter of 2022 totaled $265.9 billion, an increase of 3% over the second quarter of 2022. While total retail sales climbed 9.1% percent during the same period, the third quarter 2022 e-commerce sales increased 10.8% percent from the third quarter 2021. Hence, the growing e-commerce market is expected to generate demand for printing, driving the market in the forecast period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/printing-global-market-report
The printing market covered in this report is segmented -
1) By Type: Commercial Printing (except Screen And Books), Commercial Screen Printing, Books Printing
2) By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, OffSet Printing, Other Technologies
3) By Application: Packaging, Advertising, Publishing, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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