Press release
Digital Printing Market size was valued at USD 37.94 Billion in 2023 and the total Digital Printing Market revenue is expected to grow at a CAGR of 12.06 percentage from 2024 to 2030
Digital Printing Market
Digital Printing Market size was valued at USD 37.94 Billion in 2023 and the total Digital Printing Market revenue is expected to grow at a CAGR of 12.06 percentage from 2024 to 2030, reaching nearly USD 75.13 Billion.
Digital Printing Market Overview:
The digital printing market, valued at USD 37.94 billion in 2023, is on a robust growth trajectory, anticipated to reach nearly USD 75.13 billion by 2030, expanding at a CAGR of 12.06%. This surge is driven by digital printing's efficiency, accuracy, and cost-effectiveness compared to traditional methods, as well as its compact footprint. Digital printing technology, particularly in textile and packaging sectors, is increasingly favored due to its ability to produce high-quality, customized graphics while supporting environmental sustainability. Innovations such as UV-curable ink-based printing and advancements in 3D printing, printed electronics, and print security are further propelling the market forward.
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Drivers in the Digital Printing Market:
The digital printing market is primarily driven by the packaging sector, which leverages various printing technologies to meet diverse product and branding needs. The shift towards high-speed, single-pass inkjet presses has revolutionized packaging, allowing for rapid and efficient production of corrugated boxes and other packaging materials. The market's growth is also fueled by the increasing demand for high-quality, customizable prints and the cost-effectiveness of digital printing for short runs, as well as advancements in green technology and ink formulations.
Digital Printing Market Trends:
Key trends in the digital printing market include the growing adoption of inkjet printers due to their quick turnaround times and eco-friendliness. The rise of UV-curable inks, which reduce waste and lower printing costs, is also notable. Additionally, advancements in digital presses and the integration of digital technologies in publishing are driving market expansion. The market is witnessing a shift towards specialized applications, such as 3D printing and printed electronics, highlighting a trend towards more innovative and versatile digital printing solutions.
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Digital Printing Market Opportunities:
The digital printing market presents significant opportunities in areas such as personalized packaging and textiles, driven by the increasing consumer demand for customized products. The development of new printing technologies, including advanced ink formulations and high-speed presses, opens avenues for market growth. Additionally, the expansion of digital printing capabilities in emerging markets, particularly in Asia-Pacific, and the integration of digital printing with sustainable practices and technologies offer promising prospects for industry advancement.
What is Digital Printing Market Regional Insight?
Regionally, the digital printing market is experiencing notable growth in Asia-Pacific, which is leading the expansion due to its strong textile manufacturing base and rapid adoption of digital technologies. This region's focus on digitized value-creation chains and the increasing availability of online packaging design options are driving market momentum. Conversely, North America holds a significant market share, bolstered by high adoption rates of advanced digital technologies and strong demand across various sectors such as packaging and commercial printing.
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Segmentation Analysis of the Digital Printing Market
by Product Type
Inkjet
Laser
by Ink Type
Aqueous
Solvent
UV-curable
Dye Sublimation
Latex
Others
by Application
Plastic Films or Foils
Fabric
Glass
Paper/Books
Ceramic
Who is the largest manufacturers of Digital Printing Market worldwide?
1. Kyocera Corporation
2. Canon, Inc.
3. Ricoh Company, Ltd.
4. Mimaki Engineering Co., Ltd.
5. Roland DG Corporation
6. Xerox Corporation
7. Seiko Epson Corporation
8. Durst Phototechnik AG
9. Electronics for Imaging, Inc.
10. Inca Digital Printers Limited
11. Printronix
12. Brother Industries, Ltd.
13. Oki Electric Industry
14. Toshiba
15. Samsung Electronics
16. Konica Minolta
17. Sharp
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Key Offerings:
Past Market Size and Competitive Landscape
Digital Printing Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Digital Printing Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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