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