According to Stratistics MRC, the Global Digital Printing Market is accounted for $22.79 billion in 2020 and is expected to reach $44.76 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Some of the key factors propelling the market growth include growing demand for sustainable printing and developments in packaging and textile industries, reduction in per unit cost of printing with digital printers, rapid industrialization, growing demand of printing for e- commerce, and rising demand for digital advertisements. However, high initial investments are likely to restraint the market.
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On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to rapid growth in industrialisation that has created increase in demand for digital printing. Moreover increase in demand from textile industry, packaging industry and others leverages a positive impact on the market growth in this region. The Chinese printing industry shows a high level of enthusiasm and interest toward new, data-based business models, digital platform solutions, and end-to-end digitized value creation chains. The digital printing penetration has enabled the local designers to have online access to over 12,000 folding carton designs, making the designing of packaging as a forefront toward adoption. The Japanese digital printing market is driven by various factors, such as the growing adoption of e-commerce, consumer electronics, and packaged and processed food. Besides, factors such as the rise in demand for various application areas have been driving the market growth in the country.
Some of the key players in Digital Printing Market include Westrock Company, DS Smith PLC, IronMark Inc., Smurfit Kappa, Southland Printing Company Inc., Avery Dennison Corporation, Mondi PLC, Hewlett-Packard Development Company, l.P., Xeikon NV, Canon, Inc., Seiko Epson Corporation, Amcor PLC, Xerox Corporation, Samsung Electronics, Toshiba, Kyocera Corporation, and Panasonic.
Ink Types Covered:
• Solvent Ink
• Dye Sublimation Ink
• Ultraviolet (UV)-Cured Ink
• Aqueous Ink
• Latex Ink
• Water Based Ink
Substrate Types Covered:
• Release Liner
• Paper & Paperboard
• Plastic Films or Foils
• Glass
• Ceramic
• Technical Textiles
Printing Technologies Covered:
• Magnetography
• Electrophotography & Electrostatic Printing
• Toner-based Printing Systems Iconography
• Thermal Transfer Printing
• Direct Thermal Printing
Print Head Types Covered:
• Laser
• Inkjet
Packagings Covered:
• Flexible Packaging
• Metal Packaging
• Labels
• Folding Cartons
• Rigid Plastic Packaging
• Corrugated Packaging
Formats Covered:
• Full Color Printing
• Large Format Printing
• Variable Data Printing
Applications Covered:
• Commercial Printing
• Books
• Digital Printing Service
• Printer Suppliers
• Information Technology (IT) Service
• Cloud Service
• Display
• Clothing/Garments
End Users Covered:
• Food & Beverage
• Household & Cosmetic Products
• Pharmaceuticals and Healthcare
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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