Digital Printing Market

Report Scope & Overview:

The Digital Printing Market size was valued at USD 25.28 Bn in 2022 and is expected to reach USD 41.52 Bn by 2030, and grow at a CAGR of 6.4% over the forecast period 2023-2030.

Digital printing is a cutting-edge form of production that allows you to print from digital data. The method of producing digital-based pictures that may be directly printed onto various media substrates is known as digital printing (paper, photo paper, canvas, fabric, synthetics, cardstock, and other substrates). In contrast to traditional offset printing, digital printing does not require a printing plate.

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The manuscript is re-created on a computer and then printed straight onto the material of your choosing with digital printing. Lithography, flexography, gravure, letterpress, and other more traditional technologies are all alternatives to digital printing. Digital printing technology removes a number of mechanical stages that are often necessary for more traditional printing methods, such as physically stripping components together, manufacturing plates, or creating films and color proofs.

The method of printing digital-based images directly onto a variety of media substrates is known as digital printing. When it comes to small order numbers or rush orders, this is the ideal method. At fact, we may utilize it in the office to reduce inventory levels. It is, without a doubt, the only way to integrate changeable printing like barcodes, database information, and tiny batches with several layout change covers. Digital is also a great option for things like customization and proofreading.

CURRENT TRENDS IN THE DIGITAL PRINTING MARKET

1. Digital workflow solutions that are cloud-based.

2. Transformation of cloud print infrastructure.

3. Touchless Technologies.

4. Collaboration that is fully integrated.

Digital printing has proven to be one of the most effective ways for organizations to maintain consistency in their printing operations without sacrificing efficiency. The contemporary workplace is expected to perform more effectively with increased value and transparency as a result of new advancements in this field.

MARKET DYNAMICS:

KEY DRIVERS:

• Demand for environmentally friendly printing is increasing.

• In the packaging and textile industries, there has been a lot of change.

• Printing costs per unit are lower with digital printers.

RESTRAINTS:

• These printers have large initial investments, as well as expensive installation and maintenance expenses.

• The high cost of digital printers is due in part to the intricacy of their design.

OPPORTUNITY:

• Demand from the in-plant market is increasing.

• Investment is increasing in research and development.

CHALLENGES:

• Demand has decreased as digital distribution of documents and data has grown in popularity.

• Outdoor and indoor ads are increasingly using digital signs, billboards, and other media.

IMPACT OF COVID-19:

The impact of COVID-19 on the world economy, especially the digital printing business, has been extraordinary. In the instance of the pandemic lockdown, there was a lack of awareness of the epidemic's spread, which caused most nations' crisis management reactions to be delayed.

Simultaneously, disruptions in physical materials and the supply chain posed problems in businesses such as textiles, paper & newspapers, fashion, and others that are among the main end consumers of digital printing. Furthermore, the digital printing industry's troubles were exacerbated by constraints on people's movement, necessitating the necessity for advertisers, who account for a big percentage of end-use apps, to shift the majority of their advertising to online platforms.

MARKET ESTIMATION:

The inkjet printer dominates the worldwide digital printing market by type since it is the most widely used in all areas due to its availability, ease of installation, and cost-effectiveness. For print copy, scan, color print and fabric, and flex prints, inkjet printers are used instead of laser printers. Due to the high expenses of technology, maintenance, and printing, laser printing is a costly option.

With the highest market share percent, the aqueous ink type of ink dominates the worldwide digital printing industry. Aqueous ink is the most prevalent type of ink found in most printers. Aqueous ink is a colorant that comes in the form of pigment, dye, or a mixture of both, and it has characteristics like evaporation, open time, and nozzle wetting. Other linkages, such as solvent and dye sublimation, maintained market share in accordance with market demand and the report's findings. Solvent inks use petroleum-based compounds to create rich, brilliant colors. These are flexible, waterproof, and long-lasting, so they don't need to be over-coated. Instead of dyes, they use pigments. These are appropriate for car graphics, banners, and billboards, among other things. Printing on flexible vinyl surfaces is possible using solvent ink printers. This ink is more suitable for outdoor ads than aqueous ink since it is more durable, UV-resistant, and waterproof.

Plastic films and foils are the most popular application, with a rising market share due to greater use in packaging and advertising. Plastic films and foils are commonly used in product packaging with a plastic cover or package with a digitally printed design of information, style, and appealing packaging. The use of digital printing is second only to that of paper and books. Paper and books are the most common uses of digital printing. Fabric printing has recently been a popular trend in the market, thanks to new printing technology that allows manufacturers to print on fabric with fine detail.

KEY MARKET SEGMENTS:

On The Basis of Type

• Inkjet

• Laser

On The Basis of Digital Printing

• Digital Printers

• Ink

• Printhead

On The Basis of Ink Type 

• Aqueous

• Solvent

• UV-curable

• Dye Sublimation

• Latex

• Others

On The Basis of Application        

• Plastic Films or Foils

• Fabric

• Glass

• Paper/Books

• Ceramic

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REGIONAL ANALYSIS:

In the worldwide digital printing market, North America has the largest share. Conservation measures for the environment and waste minimization are highlighted in the region, which aids market growth. Furthermore, the development of cutting-edge technology to improve effective digital printing and research into optimizing printer machines is a crucial element influencing the market growth. Due to the presence of numerous important equipment manufacturers and technology suppliers, the United States leads the regional market, closely followed by Canada. Furthermore, modern technology availability is a critical driver of the region's growing economy. In North America, the rising demand for safe and effective features is boosting market growth.

Europe is the world's second-largest market for digital printing. The industry is growing due to the rising usage of digital printing and government efforts, as well as investment for infrastructural upgrades. In addition, the regional market is growing due to the rising usage of connected printers and significant developments in inks and technology, as well as the strengthening technological structure. The Asia Pacific area is home to the world's fastest-growing digital printing market. Market expansion is likely to be fueled by collaborative efforts and initiatives, as well as increased investments by a number of governments in the region. The regional market's growth is influenced by a strong focus on environmental safety and security.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are Canon, Inc, DIC Corporation, Epson Co., Ltd, Hewlett-Packard, Konica Minolta, Ricoh Co., Ltd, Sakata INX Co., Ltd, Toshiba Co. Ltd, Toyo Ink SC Holdings Co., Xerox Corporation & Other Players

Epson Co Ltd - Company Operating Expense