Global Digital Printing Market

Digital Printing Market Size, Share, Growth Analysis, By Inktype(Aqueous Ink, Solvent Ink, UV-Cured Ink, Latex Ink), By Head Type(Inkjet, and Laser), By Substrate Type(Plastic Film & Foil, Release Liner, Glass, Textiles), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45J2203 | Region: Global | Published Date: July, 2024
Pages: 197 | Tables: 65 | Figures: 75

Digital Printing Market Regional Insights

North America is leading the digital printing market with the highest market share. There are several leading digital printing companies and technology providers in the region. Organizations like HP Inc. and Xerox Corporation are playing a vital part in boosting the market. Their intensive research and development along with a strong distribution network have expanded the growth of the market. Furthermore, the region’s strong economic environment   is also supporting the growth of the target market. Increasing high disposable incomes and favorable business settings are also encouraging investment in advanced digital printing technologies. Organizations are also willing to invest in innovative and unique equipment to improve their production abilities and meet market demands, further boosting market growth.  

The region of Asia Pacific is experiencing the fastest growth in the digital printing market. The region is witnessing rapid technological development and increased adoption of digital printing technologies. Countries such as China, Japan, and India are leading in market. They are investing in innovative printing solutions for meeting the increasing demand for high-quality, efficient, and customizable printing services. Furthermore, governments in the region are investing in digital infrastructure and taking initiatives to adopt advanced manufacturing technologies. Initiatives for promoting digitalization and smart manufacturing are also positively influencing the growth of the digital printing market. Many countries in this region are also home to several printing equipment manufacturers, which allows easy access to new technologies and decreases production expenses. This manufacturing strength is enabling these countries to provide supply to both domestic and international markets efficiently.  

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FAQs

Digital Printing Market size was valued at USD 20.25 Billion in 2022 and is poised to grow from USD 31.2 Billion in 2023 to USD 52.43 Billion by 2031, growing at a CAGR of 6.70 % in the forecast period (2024-2031). 

The key market players are entering into strategic partnerships with different companies in the textile, paper, publishing, and other sectors to drive the market. This is also improving the performance and quality of their printing procedures. These prominent players are providing unique solutions to offer high-quality digital color printing solutions. Furthermore, as the demand for green technologies is awareness related to pollution from industrial production is increasing, the market players are launching eco-friendly printing solutions. They are doing this with the help of digital technologies. To increase their market share, key companies are acquiring advanced technology providers to achieve knowledge and expertise.  'Hewlett-Packard Development Company, l.P. (US) ', 'Canon, Inc.  (Japan) ', 'Ricoh Company Ltd. (Japan)', 'Mimaki Engineering Co., Ltd. (Japan)  ', 'Roland DG Corporation (Japan)  ', 'Xerox Corporation (US)  ', 'Seiko Epson Corporation (Japan)  ', 'Durst Phototechnik AG (Italy)  ', 'Electronics for Imaging, Inc. (US)  ', 'Inca Digital Printers Limited (UK)  ', 'Printronix (US)  ', 'Brother Industries, Ltd. (Japan)  ', 'Oki Electric Industry (Japan)  ', 'Kyocera Corporation (Japan) '

Companies are using advanced technologies like IoT, artificial intelligence, data analytics, machine learning, and more. These innovative technological advancements have immensely impacted services. Moreover, large-volume printing orders are also profiting from print customization owing to changes in digital printing. This will further help in the growth of the global printing market.  

The packaging sector provides immense scope for applying digital printing. Different packaging technologies and processes are utilized for serving demands of several products for specific types of brands using various technologies for printing. Some of the packaging sectors include labels, cartons, rigid plastic packaging, metal packaging, flexible packaging, and corrugated packaging. The demand for digital printing is increasing in these sectors with the growing packaging sector.  

North America is leading the digital printing market with the highest market share. There are several leading digital printing companies and technology providers in the region. Organizations like HP Inc. and Xerox Corporation are playing a vital part in boosting the market. Their intensive research and development along with a strong distribution network have expanded the growth of the market. Furthermore, the region’s strong economic environment   is also supporting the growth of the target market. Increasing high disposable incomes and favorable business settings are also encouraging investment in advanced digital printing technologies. Organizations are also willing to invest in innovative and unique equipment to improve their production abilities and meet market demands, further boosting market growth.  

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Global Digital Printing Market

Report ID: SQMIG45J2203

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