Report Id: SNS/ICT/1667 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Digital Printing market size was valued at USD 23.76 Bn in 2021 and is expected to reach USD 36.69 Bn by 2028, and grow at a CAGR of6.4 % over the forecast period 2022-2028.
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.
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
Digital workflow solutions that are cloud-based.
Transformation of cloud print infrastructure.
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.
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.
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.
Demand from the in-plant market is increasing.
Investment is increasing in research and development.
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 reaction to being 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.
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 a 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
On The Basis of Digital Printing
On The Basis of Ink Type
On The Basis of Application
Plastic Films or Foils
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 elements 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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.
|Market Size in 2021||US$ 23.76 Bn|
|Market Size by 2028||US$ 36.69 Bn|
|CAGR||CAGR of 6.4% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Inkjet and Laser)
• by Digital Printing (Digital Printers, Ink, and Printhead)
• by Ink Type (Aqueous, Solvent, UV-curable, Dye Sublimation, Latex, Others)
• by Application (Plastic Films or Foils, Fabric, Glass, Paper/Books, Ceramic)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, 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)
|Company Profiles||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.|
|Key Drivers||• Demand for environmentally friendly printing is increasing
• In the packaging and textile industries, there has been a lot of change
|Market Opportunities||• Demand from the in-plant market is increasing
• Investment is increasing in research and development
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Digital Printing market is 2022-2028.
Ans: - Demand for environmentally friendly printing is increasing and, In the packaging, and textile industries, there has been a lot of change.
Ans: - 1. Digital workflow solutions that are cloud-based 2. Transformation of cloud print infrastructure 3. Touchless Technologies 4. Collaboration that is fully integrated.
Ans: - 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.
Ans: - The study includes a comprehensive analysis of Digital Printing Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Printing Market Segmentation, by Type
9. Digital Printing Market Segmentation, by Digital Printing
9.1 Digital Printers
10. Digital Printing Market Segmentation, by Ink Type
10.4 Dye Sublimation
11. Digital Printing Market Segmentation, by Application
11.1 Plastic Films or Foils
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Canon, Inc
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2. DIC Corporation
13.3 Epson Co., Ltd
13.5 Konica Minolta
13.6 Ricoh Co., Ltd
13.7 Sakata INX Co., Ltd
13.8 Toshiba Co. Ltd
13.9 Toyo Ink SC Holdings Co.
13.10 Xerox Corporation
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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