The Digital Printing market size was valued at USD 26.2 Billion in 2023 and is expected to reach USD 44.8 Billion by 2031 and grow at a CAGR of 6.9% over the forecast period 2024-2031.
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.
Get more information on Digital Printing Market - Request Sample Report
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.
Touchless Technologies.
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.
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.
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.
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
.png)
Need any customization research on Digital Printing Market - Enquiry Now
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
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
| Report Attributes | Details |
| Market Size in 2023 | US$ 26.2 Bn |
| Market Size by 2031 | US$ 44.8 Bn |
| CAGR | CAGR of 6.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 (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) |
| 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 |
Ans: - The Digital Printing market is tp grow at CAGR of 6.4% Over the Forecast Period 2023-2030.
Ans: The Digital Printing market size was valued at US$ 131.04 Bn in 2022.
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Printing Market Segmentation, by Type
8.1 Inkjet
8.2 Laser
9. Digital Printing Market Segmentation, by Digital Printing
9.1 Digital Printers
9.2 Ink
9.3 Printhead
10. Digital Printing Market Segmentation, by Ink Type
10.1 Aqueous
10.2 Solvent
10.3 UV-curable
10.4 Dye Sublimation
10.5 Latex
10.6 Others
11. Digital Printing Market Segmentation, by Application
11.1 Plastic Films or Foils
11.2 Fabric
11.3 Glass
11.4 Paper/Books
11.5 Ceramic
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Canon, Inc
13.1.1 Financial
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
13.4 Hewlett-Packard
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
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Digital Signature Market size was valued at USD 7.3 Billion in 2023 and is expected to reach USD 89.01 Billion by 2031 and grow at a CAGR of 36.7% over the forecast period 2024-2031.
The Optical Communication and Networking Market size was valued at USD 26.03 Billion in 2023 and is expected to reach USD 51.48 Billion by 2031 and grow at a CAGR of 8.9% over the forecast period 2024-2031.
The Software Consulting Market was valued at USD 306.4 billion in 2023 and is predicted to expand to USD 769.6 billion by 2031, growing at a CAGR of 12.2% from 2024 to 2031.
The Application Security Market size was valued at USD 7.59 Billion in 2023 and is expected to reach USD 29.11 Billion by 2031 and grow at a CAGR of 18.5% over the forecast period 2024-2031.
Contactless Biometrics Market size was valued at USD 20.02 in 2023 and is expected to reach USD 81.61 by 2032 and grow at a CAGR of 16.9 % over the forecast period 2024-2032.
The Digital Forensics Market size was valued at USD 9.11 billion in 2023 and is expected to grow to USD 23.88 billion By 2031 and grow at a CAGR of 12.5% over the forecast period of 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
