IMARC Group’s report titled “Digital Printing Market Report by Type (Inkjet, Laser), Ink Type (Aqueous Ink, UV-Cured Ink, Solvent Ink, Latex Ink, Dye Sublimation Ink), Application (Plastic Film or Foil, Fabric, Glass, Paper/Books, Ceramic, and Others), and Region 2023-2028“, Offers a comprehensive analysis of the industry, which comprises insights on the market.

What is the market for digital printing?

The global digital printing market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Factors Affecting the Growth of Digital Printing Industry:

• Significant Technological Advancements in Printing Technology:

Technological advancements have been a primary driver of growth in the global digital printing market. Over the years, digital printing technology has evolved significantly, leading to increased efficiency, cost-effectiveness, and improved print quality. Innovations such as high-speed inkjet printers and advanced color management systems have allowed for faster and more accurate printing, making digital printing an attractive choice for various industries. Additionally, the development of environmentally friendly printing technologies, such as water-based inks and eco-solvent inks, has addressed sustainability concerns, further fueling the adoption of digital printing. This has resonated with businesses looking to reduce their carbon footprint and comply with stricter environmental regulations, driving demand for digital printing solutions.

• Personalization and Customization Demands:

The demand for personalized and customized products across industries has driven the growth of the global digital printing market. Consumers now expect tailored experiences, whether it is customized packaging, personalized promotional materials, or individualized clothing. Digital printing allows for cost-effective short runs and on-demand printing, enabling businesses to meet these demands efficiently. Industries such as fashion, interior design, and packaging have benefited immensely from the ability of digital printing to create unique and personalized designs. This trend is not limited to consumer-facing products; even industrial applications, such as automotive parts and electronics, are increasingly incorporating digital printing to add a personalized touch to their products.

• Cost Efficiency and Reduced Waste:

Digital printing offers cost-efficient solutions compared to traditional printing methods such as offset printing. The ability to print on-demand and avoid costly setup fees associated with traditional printing has made it a cost-effective choice for businesses of all sizes. This is particularly advantageous for small and medium-sized enterprises (SMEs) that may not have the resources for large print runs. Furthermore, digital printing generates less waste since there is no need for excess printing to meet minimum order quantities. Traditional printing often results in overproduction and surplus materials, which can be costly and environmentally unfriendly. Digital printing minimizes this wastage, aligning with sustainability goals and reducing overall production costs.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/digital-printing-market/requestsample

Leading Companies Operating in the Global Digital Printing Industry:

• Amcor plc
• Avery Dennison Corporation
• Canon Inc.
• DIC Corporation
• DS Smith plc
• Durst Group AG
• Inca Digital Printers Ltd. (Agfa-Gevaert Group)
• Konica Minolta Inc.
• Multi-Color Corporation
• Ricoh Company Ltd.
• Seiko Epson Corporation
• Walsworth Publishing Company
• Xeikon B.V. (Flint Group)
• Xerox Corporation.

Digital Printing Market Report Segmentation:   

By Type:

• Inkjet
• Laser

Inkjet dominates the market due to its cost-effectiveness, versatility, and ability to produce high-quality prints across various applications.

By Ink Type:

• Aqueous Ink
• UV-Cured Ink
• Solvent Ink
• Latex Ink
• Dye Sublimation Ink

Aqueous ink holds maximum number of shares due to its versatility, cost-effectiveness, and ability to produce high-quality prints on a wide range of substrates.

By Application:

• Plastic Film or Foil
• Fabric
• Glass
• Paper/Books
• Ceramic
• Others

Plastic film or foil represents the largest segment due to their versatility, cost-effectiveness, and widespread use in packaging and labeling applications.

Regional Insights:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

North America’s dominance in the digital printing market is attributed to its robust technological infrastructure, high adoption rates of digital printing solutions across various industries, and a well-established consumer base.

Global Digital Printing Market Trends:

Digital printing offers cost-effective solutions, particularly for short print runs, eliminating the need for expensive setup and plate-making processes. Additionally, digital printing enables businesses to create highly customized and personalized content, catering to individual consumer preferences and demands. Other than this, the growing emphasis on sustainability has driven the adoption of digital printing, as it generates less waste and reduces the environmental impact compared to traditional printing methods.

Besides this, digital printing allows for quicker production turnaround, meeting the demands of fast-paced markets and reducing lead times for printed materials. Moreover, digital printing technology can be applied to a wide range of substrates, including textiles, ceramics, and packaging materials, expanding its applications across various industries.

Key Highlights of the Report:

• Market Performance (2017-2022)

• Market Outlook (2023-2028)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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