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 2025-2032


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

Digital Printing Market Dynamics

Digital Printing Market Drivers 

High Technological Advancements  

  • 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.  

Increasing Awareness and Environmental Sustainability 

  • Conventional printing increases chemical waste but digital printing is a more sustainable alternative. It produces minimal waste fulfilling the consumer and regulatory demand for eco-friendly practices. The decrease in waste and the utilization of eco-friendly inks contributes to a reduced environmental footprint. This transformation towards green production procedure is not only benefiting the environment but also improving the brand image of the companies. 

Digital Printing Market Restraints 

High Expense and System Errors to Restrict Market Growth 

  • Digital printing systems are at risk of mistakes along with the initial investment expense related to digital printing is substantially high in comparison to traditional printing. The cost consists of purchase price and installation expense, support and maintenance expense, and the cost of ink along with other consumables. Furthermore, installing and maintaining digital printers is of high cost. These factors are hindering the adoption of digital printing, which is reducing the growth of the market.  

Strict Government Regulations and High Competition 

  • The increasing competition among market players and strict government rules related to environmental safety are hindering the growth of the digital printing market. Many times, e-waste and ink disposal create environmental problems. Furthermore, the absence of a proper standardization system along with unfavorable taxation policies are also functioning as constraints in the development of the market.  
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FAQs

Digital Printing Market size was valued at USD 31.2 Billion in 2023 and is poised to grow from USD 33.29 Billion in 2024 to USD 55.94 Billion by 2032, growing at a CAGR of 6.70% during the forecast period (2025-2032).

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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