Digital Printing Market Advanced Technology and New Innovations by 2028

The global digital printing market share is expected to witness considerable growth, owing to an increase in the adoption of inkjet and laser printers, especially from emerging economies such as Asia-Pacific. Furthermore, the emergence of sustainable printing technologies creates potential opportunities for market growth during the forecast period. Allied Market Research, titled, Global Digital Printing Market Type, Ink Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2028," the global digital printing market size was valued at $25.74 billion in 2019, and is projected to reach $35.71 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028.

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Digital printing is a process of printing from an electronic file. Digital printing is an alternative printing method to traditional printing; thus, eliminates unnecessary steps of traditional printing methods such as printing plates, color proofs, and more. However, digital printing has a higher cost per page than the offset printing method but reduces the cost by producing several thousand larger print-on sheets at a lower rate. Moreover, commercial printing is witnessing provisional and fundamental changes, as the immediate shift from offset printing to digital printing methods, owing to the demand for low-cost printing methods.

The rapid adoption of digital printing systems in food & beverage and textile industries, penetration of IoT and digital image technologies, and surge in demand for sustainable printing techniques influence the market growth. However, the high initial cost of digital printing devices in developing countries hampers early adoption. Further, an increase in the use of digital dyeing and printing technology in the automotive and consumer electronic industries is expected to provide lucrative opportunities for the global digital printing industry during the forecast period.

The emergence of COVID-19 has significantly impacted the global digital printing industry. Delays caused for construction projects due to partial or complete lockdowns in various regions of the world have significantly reduced the demand for digital printing during the pandemic. However, it has created more demand from residential end users, owing to work-from-home policies implemented by governments of several countries. Hence, the residential sector is expected to witness prominent growth post-pandemic for digital printing systems.

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The inkjet segment was the highest contributor to the market in 2019. The surge in internet penetration fuels the growth of the inkjet printer's segment; thereby, enhancing the global digital printing market growth. By region, the digital printing market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region is expected to witness the highest growth during the forecast period. The adoption of inkjet and laser printer appliances in residential, commercial, automotive, and textile sectors is expected to propel the digital printing industry in this region. Countries such as China, Japan, and India are significant contributors to the commercial and advertising printing market. Hence, expected to boost the growth of the digital printing market in the Asia-Pacific region.

Key Findings of Study

- The inkjet segment is expected to secure a leading position during the forecast period.
- Asia-Pacific and North America collectively accounted for more than 50.0% of the digital printing market share in 2019.
- Asia-Pacific is anticipated to witness the highest growth rate during the forecast period.
- The U.S. was the major shareholder in the North America digital printing market, accounting for more than 60.0% share in 2019.

The key players profiled in the report include Canon, Inc., DIC Corporation, Epson Co. Ltd, Hewlett-Packard, Konica Minolta, Ricoh Co., Ltd, Sakata INX Co. Ltd, Toshiba, Toyo Ink SC Holdings Co., and Xerox Corporation. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the global digital printing market.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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