Digital Printing Market - Forecast(2024 - 2030)

Report Code: ESR 0665 Report Format: PDF + Excel

Digital Printing Market Overview:

The Digital Printing Market size is projected to reach $43 billion by 2030, growing at a CAGR of 7.2% during the forecast period 2023-2030. Digital printing is a contemporary method of printing images, created using digital technology directly onto various media substrates. Digital printing is more accurate and cost-effective than conventional printing methods while occupying a fraction of the space. These characteristics have prompted the broad adoption of digital printing technologies, specifically in the textile and packaging industries.

The desire for high-quality, cost-effective graphics along with environmental sustainability is expected to drive attention toward digital printing, more specifically UV-curable ink-based printing. According to the Print Authority, digital printing for up to 2000 pieces is by far the most economical in comparison to others. Apart from this, the emergence of 3D printing, sheet-fed digital printing, printed electronics and print security are going to boost the Digital Printing Market. This represents the Digital Printing Industry Outlook.

Market Snapshot:

Digital Printing Market

Digital Printing Market - Report Coverage:

The “Digital Printing Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Digital Printing Market.

AttributeSegment


By Print Head Type

  • Inkjet

  • Laser




By Ink Type

  • Aqueous Ink

  • UV-Cured Ink

  • Solvent Ink

  • Latex Ink

  • Dye Sublimation Ink

  • Others





By Substrate Type

  • Plastic Films or Foils

  • Release Liner

  • Glass

  • Textile

  • Paper

  • Ceramic

  • Others




By Application

  • Books

  • Commercial Printing

  • Packaging

  • Others







By Geography

  • North America (the US, Canada and Mexico)

  • Europe (Germany, France, the UK, Italy, Spain, Russia, Netherlands and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Malaysia and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • The Rest of The World (the Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis:

  • The pandemic altered the dynamics of the digital printing sector. The digital printing industry was compelled to change its focus to online transactions and methods due to abrupt shutdown restrictions everywhere in the world. This led to an initial decline in the industry, which is expected to level off with the growing popularity of e-commerce.
  • Global supply chains have been seriously harmed by the Ukraine crisis and energy costs have risen sharply. Since the war started, prices for gasoline and diesel have doubled. As a result, other printing-related inputs, which are generated from petroleum, have increased in price, thus increasing the cost of printed goods.

Key Takeaways:

Dominance of Asia-Pacific Region

Geographically, Asia-Pacific (Digital Printing Market) is anticipated to grow at the fastest CAGR of 8.4% during the forecast period of 2023-2030. It is due to the increasing popularity of e-commerce-enabled packaged items. According to a report, by 2027, the user penetration of e-commerce would reach 72.9% in the region, which is definitely going to expand the Digital Printing Market opportunities.

Inkjet segment holds the largest market share

According to the Digital Printing market, the Inkjet segment held the largest Digital Printing market share in 2022, i.e., 57.4%, owing to its better tonal variety and excellent color blending capability. The fact that inkjet printers account for 5% of the market for computer peripherals helps explain the dominance of inkjet print heads.

Dominance of the UV Curable Ink segment

Based on Ink Type, the UV Curable Ink Segment is anticipated to register the fastest CAGR of 7.6% during the forecast period of 2023-2030, owing to its durable color quality and reduced health hazard. Organizations like Prism Tech have started showcasing the use of UV-curable ink as part of their commitment to environmental responsibility, along with its VOC-free and 3-year outdoor durability features.

Emergence of Advanced Printing Techniques

3D printing, sheet-fed digital printing and printed electronics are going to be key digital printing market trends. According to the Digital Printing market forecast, the 3D printing industry would grow by $7.5 billion between 2022 and 2024. A similar trend in other techniques is also anticipated in the coming years.

Demand for Print Security

According to a survey, 68% of the organizations have reported one or more print-related data losses that have caused severe disruptions of service. The reliance on printing demands a robust print-security infrastructure. This increasing demand for shielding against data breach issues is going to change the dynamics of the digital printing market opportunities in a positive manner.

Cost and complexity would hinder the growth

According to a study, 61% of CIOs find it difficult to handle the complexity of digital printing-related concerns. Moreover, the installation cost to be incurred is also higher when compared to the traditional ones. These factors are going to hamper the growth of the Digital Printing market.

Digital Printing Market: Market Share (%) by Region, 2022

For More Details on This Report - Request for Sample

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Digital Printing Market. The top 10 companies in this industry are:

  1. Hewlett Packard Enterprise (HP Laser 108w)
  2. Canon Inc. (imageCLASS MF645Cx)
  3. Ricoh Company Ltd. (PC311W)
  4. Seiko Epson Corporation (Epson WorkForce Enterprise WF-C20600)
  5. Xerox Corporation (XEROX C310 COLOR PRINTER)
  6. Toshiba Co. Ltd (CF3/CF3R)
  7. Konica Minolta (NASSENGER SP-1)
  8. Mimaki Engineering Co. Ltd. (UJV100-160)
  9. Roland GG Corporation (VersaUV LEC2-330/640 UV-LED Printer)
  10. Durst Phototechnik AG (TAU RSC 330 E)

Scope of Report:

Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

Growing at the rate of 7.2%

Market Size

43 billion USD

Segments Covered

Print Head Type, Ink Type, By Substrate Type, By Application and Region




Geographies Covered

North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).





Key Market Players

1. Hewlett Packard Enterprise

2. Canon Inc.

3. Ricoh Company Ltd.

4. Seiko Epson Corporation

5. Xerox Corporation, 

6. Toshiba Co., Ltd.

7. Konica Minolta

8. Mimaki Engineering Co., Ltd. 

9. Roland GG Corporation

10. Durst Phototechnik AG

Frequently Asked Questions:

i. What is the growth rate of the Digital Printing market during the forecast period?
The Digital Printing Market is estimated to grow at a CAGR of 7.2% during the forecast period 2023-2030.

ii. What is the predicted growth of the Global Digital Printing Market size from 2022 to 2030?
The global Digital Printing Market size is estimated at US$24 billion in 2022. It is projected to reach US$43 billion by 2030.

iii. What are the leading market players in the Digital Printing Market?
Hewlett Packard Enterprise, Canon Inc., Ricoh Company Ltd., Seiko Epson Corporation and Xerox Corporation are the leading players in the Digital Printing market.

iv. What are the major trends that would shape the future market?
The emergence of sheet-fed digital printing and printed electronics would increase the popularity of digital printing significantly. The growing prevalence of green printing and the health hazards associated with offset printing would shift the emphasis toward digital printing.

v. What are the driving factors and opportunities in the market?
Growing demand for high-quality, cost-effective graphics and the possibilities of incorporating AI, ML and IoT into digital printing is rapidly driving the Digital Printing market growth. The major upcoming Digital Printing Market opportunities would be based on the application of 3D printing in various sectors.

Relevant Reports:

Digital Textile Printing Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 75330

Digital Inks Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 80699

Digital Textile Printing Inks Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 32151

For more Electronics Market reports, please click here

1. Digital Printing Market Overview
    1.1 Definitions and Scope
2. Digital Printing Market – Executive Summary
3. Digital Printing Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Value split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Digital Printing Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Digital Printing Market – Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Digital Printing Market – Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Digital Printing Market – by Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Digital Printing Market – by Print Head Type (Market Size - $Million/$Billion)
    8.1 Inkjet
        8.1.1 Thermal Inkjet
        8.1.2 Piezo-Crystal based
        8.1.3 Electrostatic Inkjet
        8.1.4 MEMS Inkjet
    8.2 Laser
9. Digital Printing Market – by Ink Type (Market Size - $Million/$Billion)
    9.1 Aqueous Ink
    9.2 UV-Cured Ink
    9.3 Solvent Ink
    9.4 Latex Ink
    9.5 Dye Sublimation Ink
    9.6 Others
10. Digital Printing Market – by Substrate Type (Market Size - $Million/$Billion)
    10.1 Plastic films or foils
    10.2 Release Liner
    10.3 Glass
    10.4 Textile
    10.5 Paper
    10.6 Ceramic
    10.7 Others
11. Digital Printing Market – by Application (Market Size - $Million/$Billion)
    11.1 Books
    11.2 Commercial Printing
    11.3 Packaging
        11.3.1 Labels
        11.3.2 Corrugated Packaging
        11.3.3 Cartons
        11.3.4 Flexible Packaging
        11.3.5 Rigid Plastic Packaging
        11.3.6 Metal Packaging
        11.3.7 Others
    11.4 Others
12. Digital Printing Market – by Geography (Market Size - $Million/$Billion)
    12.1 North America
        12.1.1 The U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Chile
        12.2.4 Colombia
        12.2.5 The Rest of South America
    12.3 Europe
        12.3.1 Germany
        12.3.2 France
        12.3.3 The UK
        12.3.4 Italy
        12.3.5 Spain
        12.3.6 Russia
        12.3.7 The Netherlands
        12.3.8 The Rest of Europe
    12.4 Asia-Pacific
        12.4.1 China
        12.4.2 Japan
        12.4.3 South Korea
        12.4.4 India
        12.4.5 Australia
        12.4.6 Indonesia
        12.4.7 Malaysia
        12.4.8 Others
    12.5 The Rest of the World
        12.5.1 The Middle East
        12.5.2 Africa
13. Digital Printing Market – Market Entropy
    13.1 New product launches
    13.2 M&As, collaborations, JVs and partnerships
14. Digital Printing Market – Market Competition Landscape (Premium)
    14.1 Market Share Analysis
        14.1.1 Market Share by Ink Type – Key Companies
        14.1.2 Market Share by Country – Key Companies
        14.1.3 Market Share by Region – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Digital Printing Market – Key Company List by Country Premium (Premium)
16. Digital Printing Market – Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
* "Financials would be provided to private companies on best-efforts basis." 
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.