Global Commercial Printing Market

Commercial Printing Market Size, Share, Growth Analysis, By Technology(Digital printing, Lithography Printing, Flexographic, Screen Printing), By Application(Packaging, Advertising, and Publishing), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45O2031 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 66 | Figures: 67

Commercial Printing Market Regional Insights

North America is the dominating region in the commercial printing market accounting for 33.16% of the worldwide sales. The growth of the region is attributed to the high demand for business printing, for packaging, labeling and the marketing functions. In addition, the entry of key players inside the enterprise, along with Acme Printing, Cenevo, Quad/Graphics Inc., RR Donnelley, is expected to further improve the commercial printing industry. Technological advances in the printing equipment and software improve the quality of print, color accuracy and variable data capabilities continue to improve, leading to increased acceptance of the printing. 

The commercial printing market in Asia-Pacific region is currently experiencing significant growth driven by various factors. First, the rapid urbanization and technological development in the region has led to an increased demand for printed products in retail, packaging, advertising and publishing. As well as a growing population increasing, increasing spending drives consumer spending on printed materials including magazines, newspapers and promotional materials. Asia Pacific is expected to grow at the highest CAGR of 3.4% between 2024-2031. The regional growth is driven by the growth in the printing industry especially, such as digital technology, especially in China and India.

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Commercial Printing Market size was valued at USD 480.13 billion in 2022 and is poised to grow from USD 494.53 billion in 2023 to USD 626.46 billion by 2031, growing at a CAGR of 3.0% in the forecast period (2024-2031).

The competitive landscape in the commercial printing market is characterized by well-established global players and many regional companies competing in packaging, advertising, printing, digital printing segments. Collaboration is also common in the commercial publishing environment, allowing companies to leverage each other’s strengths, diversify service offerings and drive market growth. For example, Canon Solutions America and McClung Companies collaborated to incorporate Canon's high-speed inkjet technology. It can also provide cost-effective services, especially in high-demand areas. 'Quad.com (US) ', 'Cenveo Worldwide Limited (US) ', 'Acme Printing (US) ', 'R.R. Donnelley & Sons Company (US) ', 'Transcontinental Inc. (Canada) ', 'LSC Communications LLC. (US) ', 'Gorham Printing, Inc. (US) ', 'Dai Nippon Printing Co., Ltd. (Japan) ', 'Mixam UK Limited (UK) ', 'Cimpress (Ireland) ', 'Quebecor (Canada) ', 'Duncan Print Group (UK) ', 'Vistaprint (Cimpress PLC) (Ireland) ', 'Toppan Co. Ltd (Japan) ', 'Bertelsmann S.E. and Co. KGaA (Germany) ', 'Ennis Inc. (US) ', 'The Magazine Printing Company (US) ', 'HH Global (UK)'

The increasing need for packaging and labeling in various industries especially food and beverage, healthcare and consumer goods are an important driver of the commercial printing market. This demand has encouraged the development of digital printing technologies that can provide faster, more customized, and more efficient printing. As a result, commercial printing companies are constantly investing in equipment that meets the evolving needs of these industries and allows for shorter and more personalized print runs. 

Rise of Eco-Friendly Printing Solutions: As environmental cognizance will increase among clients and agencies, the demand for environmentally friendly printing solutions will increase. This trend is reshaping the enterprise as greater gamers to meet international sustainability desires for printing names. The growing business printing marketplace fashion of green printing is anticipated to draw more eco-aware purchasers and improve market growth. Companies are adopting the sustainable printing techniques such as the waterless printing, recyclable inks and biodegradable substances to meet the regulatory requirements and client expectancies. 

North America is the dominating region in the commercial printing market accounting for 33.16% of the worldwide sales. The growth of the region is attributed to the high demand for business printing, for packaging, labeling and the marketing functions. In addition, the entry of key players inside the enterprise, along with Acme Printing, Cenevo, Quad/Graphics Inc., RR Donnelley, is expected to further improve the commercial printing industry. Technological advances in the printing equipment and software improve the quality of print, color accuracy and variable data capabilities continue to improve, leading to increased acceptance of the printing. 

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Global Commercial Printing Market

Report ID: SQMIG45O2031

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