Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Digital Printing Market size was over USD 43.07 billion in 2024 and is projected to reach USD 181.5 billion by 2037, witnessing around 11.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of digital printing is assessed at USD 47.35 billion.
The growth of the market can be attributed to the increasing demand for sustainable printing, and developments in textile and packaging industries. In 2019, textiles were the world’s 7th most traded product, with a total worldwide trade amounting for more than USD 800 billion. Textile trade represents about 4 percent of the total world trade. Along with these, the rise in adoption of laser and inkjet printing solutions, and upsurge in adoption of IoT and artificial intelligence technologies around the world are also expected to drive market growth in the forthcoming years. Furthermore, innovation in printing technologies for small and medium sized organizations, and escalating emphasis on green printing are projected to offer ample growth opportunities to the digital printing market in the near future.
Digital Printing Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Sustainable Printing Worldwide
- Developments in Textile and Packaging Industries
Challenges
- Growing Demand for E-Books and Digital Advertisements
Digital Printing Market: Key Insights
|
2023 |
|
|
Forecast Year |
2024–2036 |
|
CAGR |
11.7% |
|
Base Year Market Size (2023) |
USD 38.56 billion |
|
Forecast Year Market Size (2036) |
USD 162.49 billion |
|
Regional Scope |
|
Digital Printing Segmentation
The market is segmented by ink type into UV-cured, aqueous, solvent, latex, and dye sublimation, out of which, the UV-cured segment is anticipated to observe robust growth rate in the global digital printing market. This can be accounted to the lesser time taken by this ink to get set and dry, and its high durability and suitability for printing on a variety of materials. In addition, UV-cured ink is also considered to be more environment-friendly as it allows printers to use ink without toxins. This is also a significant factor assessed to boost the growth of this market segment in the future. Moreover, on the basis of printing process, the inkjet segment is predicted to occupy the largest share over the forecast period as this printing process is the most widely used technique owing to its low cost and high quality of output.
Our in-depth analysis of the global market includes the following segments:
|
By Printing Process |
|
|
By Ink Type |
|
|
By Packaging |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportDigital Printing Industry - Regional Synopsis
Asia Pacific industry is anticipated to account for largest revenue share by 2037, ascribed to increasing penetration of digital platforms solutions and end-to-end digitized value creation chains, and growing adoption of e-commerce in the region, ascribed to increasing penetration of digital platforms solutions and end-to-end digitized value creation chains, and growing adoption of e-commerce in the region. According to the Indian Brand Equity Foundation, Indian e-commerce sector is projected to grow from 4% of the total food and grocery, apparel and consumer electronics retail trade in 2020 to 8% by the end of 2025.
Apart from these, rising advancements associated with digital printing technologies is also projected to accelerate the market growth in the region in the coming years. Additionally, the digital printing market in North America is evaluated to gather the largest share during the forecast period ascribing to the rapid growth of textile and packaging industries, and surging demand for packaged goods in the region.
Companies Dominating the Digital Printing Landscape
- Canon, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Mimaki Engineering Co., Ltd.
- Roland DG Corporation
- Xerox Corporation
- Seiko Epson Corporation
- Hewlett-Packard Development Company, L.P.
- Westrock Company
- Amcor PLC
- Avery Dennsion Corporation
- Smurfit Kappa Group
In the News
-
July 2020- Canon India announced new campaign “India Ka Printer” for promoting its multifunction PIXMA G series inkjet printers, which are suitable for use at both homes and offices.
-
May 2019- Westrock Company acquired USB Printing Group to expand the company’s capabilities to expand its packaging business into the personal and beauty care and nutraceutical industries.
Author Credits: Rajrani Baghel
- Report ID: 3720
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
