Commercial Printing Market Size, Share & Segmentation, By Technology (Digital Printing, Lithography Printing, Flexographic, Screen Printing, Gravure Printing, Others), By Application (Packaging, Advertising, Publishing), By Region, and Global Forecast for 2024-2031

Commercial Printing Market Size

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Commercial Printing Market size was valued at USD 486.3 billion in 2023 and is expected to grow to USD 622 billion by 2031 and grow at a CAGR of 3.12 % over the forecast period of 2024-2031

Commercial printing involves a wide range of techniques, from mass printing to binding, composition, and layout design, and press outputs. Phone books, journals, labels, catalogues, brochures, company forms, promotional materials, and training manuals are just a few of the printed goods that a commercial printer can create.

There is a paper input tray, an ink refill tray, a digital or analogy control panel, a memory card reader, and an output tray. It is widely used in the publishing and printing industries, as well as in large organizations that rely on efficient business procedures. Global demand is predicted to rise as a result of technical advances and expanded uses across a wide range of end-use sectors. Among the items are business forms, financial paperwork, and training manuals.

In 2022, the packaging segment had the highest revenue share of over 53.77%. Printing on labels, tags, and flexible packaging are all part of the packaging segment. Commercial printers have been observed utilizing digital technologies to improve the print quality of packaging. Furthermore, quick response (QR) codes are now a standard print on product packaging that may be scanned with a smartphone to display further info, such as product details and marketing content, to mention a few. 'In 2022, the lithographic printing category maintained the biggest share of 43.82%. The segment's dominance is due to the increased need for printing from packaging applications. Lithography technique has several advantages, including constant and excellent image quality, which leads to more usage. Lithographic printing is great for large volumes of static mailings like directories and product advertising. Flexographic technology is also one of the most often used. However, the post printing techniques required limit its use.

KEY DRIVERS: 

• Increasing demand for promotional activities such as advertising in the retail industry

Users can make a lasting impact on their target audience by using high-quality commercial printing. The printing sector is an important aspect of every company's marketing strategy and provides a variety of services to fulfil the needs of its clients. Designing, printing, fulfilment, and finishing are among the services provided. These services are available on a variety of substrates, including paper, plastic, and canvas. Technological advances and rising demand for eco-friendly printers are important drivers driving growth in the global commercial printing industry. To meet rising demand, prominent businesses are providing environmentally friendly printing solutions.

• Growing demand for environmentally friendly printers to reduce environmental effect

RESTRAIN:

• Environmental Impact Reduction in the Printing Industry through Eco-Friendly Practices

Significant changes are being made to the commercial printing industry's activities and methods, including as the progressive substitution of sustainable solutions. With the importance of environmental consequences being stressed, several new measures for the printing industries are being created. Furthermore, the emissions of volatile organic compounds VOCs and other gases produced by the chemicals employed in the printing process have a number of negative effects. Green printing strategies have aided in the creation of novel, effective, and efficient methods of reducing waste. These difficulties arose throughout the printing process. Solvent-based inks are commonly used in printing because of the nature of the process. Printing technologies include gravure and flexography. When printing, these volatile solvents emit fumes.

OPPORTUNITY:

• Print-on-demand's growing popularity

Print-on-demand's growing popularity is likely to generate considerable growth potential. Print-on-demand (POD) is a business concept that allows you to modify and sell products based on individual orders. It's a terrific method to put a new idea or product line to the test without the upfront expense and risk of purchasing inventory. Aside from these advantages, print on demand is environmentally beneficial. To lessen its environmental impact, it employs water-saving printing procedures and sends products in plastic-free packaging.

• The growing demand for lithographic printing

CHALLENGES:

• Growing market share for digital printing

• Rising raw material costs

IMPACT OF RUSSIAN UKRAINE WAR

Inflationary newsprint costs have been a major source of concern for many years, Indian print publishers. With only a few weeks of supplies left, print publishers are even more concerned, especially those who rely on Russian imports, which account for 48% of total newsprint in the country.

The government decreased the customs charge on newsprint uncoated paper (glazed) and light-weight coated paper used to print newspapers and magazines from 12% to 7% in 2022 (as recommended in the Financial Bill 2022) Jain stated that they have now petitioned the government to abolish the 6% customs levy on newsprint. Despite the difficult situation, many Ukrainian printing businesses continue to operate and even fulfil commercial orders when possible. In addition to small targeted payments to printing firms, the Ukrainian government has devised measures for private entrepreneurs, including those in the printing industry, who have been exempted from several taxes. Many people in the packaging industry also volunteer for the Ukrainian armed forces.

KEY MARKET SEGMENTS

By Technology

• Digital Printing

• Lithography Printing

• Flexographic

• Screen Printing

• Gravure Printing

• Others

By Application

• Packaging

• Advertising

• Publishing

• Books

•  Newspaper

• Magazines

• Others

REGIONAL ANALYSIS

Asia Pacific is expected to develop at the fastest CAGR of 3.2%, and it was also the largest region. In 2023, the region will be the largest in the global market. The developments in the print industry are principally responsible for the regional expansion such as digital technologies, which are particularly prevalent in China and India. Traditional printers have been supplanted by high-tech commercial printers due to their high-speed capabilities as a result of such advancements. Furthermore, the region's e-commerce development and retail sector organization offer great opportunity for packaging growth in the packaging application, supporting the target market.

 In 2023, North America owned the second-largest share of the commercial printing market, accounting for more than 33.15% of worldwide revenue. The increased demand for commercial printing for marketing, packaging, labeling, and advertising is driving regional expansion. Furthermore, the existence of significant regional firms such as Quad/Graphics Inc., Acme Printing, Cenevo, and RR Donnelley is expected to fuel the industry's growth.

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REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS

Some of key players of Commercial Printing Market are Quad/Graphies Inc., Acme Printing, Cenveo, RR Donnelley, Transcontinental Inc., LSC Communications US, LLC., Gorham Printing, Inc., Dai Nippon Printing, The Magazine Printing Company, Cimpress plc, Siegwerk, Toppan and other players are listed in a final report.

Quad/Graphies Inc-Company Financial Analysis

RECENT DEVELOPMENT

• In June 2022, Toppan developed a hologram capable of responding to bright light by showing text and images. This simplified verification for individuals without specialized devices or a QR code.

• May 2022: Siegwerk revealed that SICURA Litho Pack ECO, their new UV offset ink for non-food paper and board applications, contains more than 40% renewable and vegetable-based components. Siegwerk claims that the improved UV offset.The ink series could include a higher percentage of bio-renewable component than standard UV inks. 

  Commercial Printing Market Report Scope:

  Report Attributes	Details
  Market Size in 2023	US$ 486.3 Bn
  Market Size by 2031	US$ 622  Bn
  CAGR	CAGR of 3.12 %   From 2024 to 2031
  Base Year	2022
  Forecast Period	2024-2031
  Historical Data	2020-2021
  Report Scope & Coverage	Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
  Market Restrain	•Environmental Impact Reduction in the Printing Industry through Eco-Friendly Practices
  Key Drivers	•Increasing demand for promotional activities such as advertising in the retail industry •Growing demand for environmentally friendly printers to reduce environmental effect