Digital Printing

Digital Printing

Global Digital Printing Market to Reach US$43.2 Billion by 2030

The global market for Digital Printing estimated at US$33.5 Billion in the year 2023, is expected to reach US$43.2 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Inkjet Printing, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$29.5 Billion by the end of the analysis period. Growth in the Laser Printing segment is estimated at 3.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.1 Billion While China is Forecast to Grow at 3.4% CAGR

The Digital Printing market in the U.S. is estimated at US$9.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Digital Printing Market - Key Trends and Drivers Summarized

What Is Digital Printing and How Is It Redefining the Printing Industry?

Digital printing is a method of printing from a digital-based image directly to a variety of media. It differs from traditional, analog printing methods — such as offset printing—because it does not require a printing plate. Instead, digital printing uses options like toner (like in laser printers) or larger printers that use liquid ink. Digital printing shines in its ability to handle small print jobs with precision and efficiency. This flexibility opens up a new realm of possibilities for personalization and short-run projects, allowing for cost-effective printing of small batches of items tailored to specific marketing or personal needs. The capability to modify images and texts on the fly without interfering with the printing process enhances its appeal in dynamic market environments where customization and speed are critical.

How Does Digital Printing Innovate Through Technology?

The advancement of digital printing technology has been exponential, embracing innovations that enhance quality, speed, and environmental sustainability. Modern digital printers offer superior color accuracy and the ability to print on a diverse range of materials including textiles, ceramics, and even large-format signs. Innovations such as inkjet technology which distributes tiny droplets of ink precisely controlled by digital files, have revolutionized the print market. This technology supports a high degree of detail, making digital printing competitive with traditional methods for many applications. Moreover, developments in UV-curable inks and durable solvent inks have expanded the versatility of digital printing, enabling its use on non-traditional substrates like plastics and metals, which are common in industrial applications.

What Are the Broad Applications of Digital Printing Across Industries?

Digital printing has broad applications across various sectors, significantly impacting the advertising, graphic design, and manufacturing industries. In marketing and advertising, digital printing allows companies to produce vibrant, high-quality promotional materials such as banners, flyers, and posters quickly and economically. This capability is invaluable for targeted marketing campaigns that require rapid turnaround times. In the realm of décor and fashion, digital technology facilitates the custom printing of fabrics and wall coverings, supporting the growing demand for personalized and unique products. Additionally, digital printing is instrumental in packaging, offering brands the ability to produce eye-catching, innovative designs that enhance shelf presence and consumer engagement without the need for large inventory commitments.

What Drives the Growth in the Digital Printing Market?

The growth in the digital printing market is driven by several factors, including the increasing demand for sustainable printing, the cost-effectiveness of short-run print jobs, and the rising trend of customization in consumer products. The shift towards environmentally friendly printing practices encourages businesses to adopt digital printing due to its lower waste production and reduced chemical usage compared to traditional methods. The ability to economically produce small quantities of customized items allows businesses to efficiently manage inventory and reduce waste, while meeting consumer expectations for personalized products. Furthermore, technological advancements that improve printing quality and material compatibility continually expand the potential applications for digital printing, making it an increasingly attractive option for businesses across various sectors. These factors collectively fuel the expansion of the digital printing market, reflecting its integral role in the future of professional and creative industries.

Select Competitors (Total 273 Featured) -

• Canon, Inc.
• Dainichiseika Color & Chemicals Mfg. Co., Ltd.
• DIC Corporation
• Durst Phototechnik AG
• Electronics For Imaging, Inc.
• Hewlett-Packard Development Company LP
• Inca Digital Printers Ltd.
• Mimaki Engineering Co., Ltd.
• Ricoh Co., Ltd.
• Roland DG Corporation
• Sakata INX Corporation
• Seiko Epson Corporation
• Toyo Ink SC Holdings Co., Ltd.
• Xerox Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.