Revolution in Printing Market: Cutting-Edge Technologies Propel Market Share, Significant Trends, and Future Growth Outlook Revealed

The new report published by The Business Research Company, titled "Printing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
1. Executive Summary
2. Printing Market Report Structure
3. Printing Market Trends And Strategies
4. Printing Market - Macro Economic Scenario
5. Printing Market Size And Growth
…..
27. Printing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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