Printing Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | HP Inc., Canon Inc., Fujifilm Holdings Corporation, Bertelsmann SE & Co. KGaA, Ricoh Company Ltd

"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.

Market Overview -
Printing refers to a method for pressing a certain amount of coloring agent onto a chosen surface to create a body of text or an artwork, and several contemporary methods of text and image reproduction no longer rely on the mechanical concept of pressure or even the material concept of coloring agent. It refers to a service that is used to print products such as newspapers, books, labels, business cards, stationery, business forms, and other materials.

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E-Commerce Packaging Boom Driving Growth In The Printing Market
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.

Competitive Landscape -
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

Multi-Feature Printers Competitive Advantage In The Printing Industry
Major companies operating in the printing market are increasing their focus on introducing multi-feature printers to gain a competitive edge in the market. Multi-feature printers refer to devices that combine several essential office functions into a single machine. For instance, in July 2023, HP Inc., a US-based technology company, launched a new series of LaserJet Pro printers that come with scan, print, and copy features. These printers are designed to be versatile and efficient, with wireless and automatic 2-sided printing capabilities. The printers have faxing capabilities as well, making them an excellent tool for businesses and individuals who require high-quality printing, scanning, copying, and faxing. The HP Smart app enables mobile printing and scanning, making the process even more convenient.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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