Global Digital Printing Market Overview
According to SPER Market Research, the Global Digital Printing Market is estimated to reach USD 51.93 billion by 2032 with a CAGR of 6.95%.
A contemporary technique of production called digital printing enables printing from digital files. Digital printing is the method of directly printing digitally created images onto a variety of media substrates (paper, photo paper, canvas, fabric, synthetics, cardstock, and other substrates). Unlike the more conventional offset printing, digital printing does not require a printing substrate. With digital printing, the chosen material is printed immediately after the document is created on a computer.
When printing digitally, a digital file in a format like PDF, TIFF, PSD, or another format is used to send the image straight to the printer. The finest applications of digital printing technology are for materials requiring a lot of fine detail. There are no pre-press stages in traditional printing between the digital document files and the finished result. Additionally, there is no need for messy editing tools like film plates or photo chemicals. Digital printing typically yields a flawless end product because the technology enables a clear, sharp picture with a sufficient resolution for the print's size requirements.
Digital printing techniques are created to offer quick, precise, and short-run colour printing at a reasonable price. Compared to the offset technique, the digital printing systems are tools that provide high-quality finished products. Compared to more conventional methods, it offers the most cost-effective option for customised marketing materials like business cards, letters, direct mail, and more. Additionally, digital printing speeds up delivery of the finished product by reducing the length of the manufacturing cycle.
Due to the rapid adoption of laser and inkjet printing solutions across the packaging and paper sector due to their flexible and affordable features, the digital printing industry is anticipated to expand during the forecast period. The market for digital printing on a worldwide scale is anticipated to be driven by the rapid uptake of IoT and AI-based technologies. Additionally, it is anticipated that increased consumer electronics use of digital printing will raise demand for smart thermostats. Given these elements, it is predicted that the worldwide market for digital printing will expand rapidly in the coming years.
Impact of COVID-19 on the Global Digital Printing Market
The Global Digital Printing market as a whole has been affected by COVID-19, and the growth rate for 2019–2020 has also been impacted as the effect of COVID-19 spreads. The market's growth rate declined in 2020 due to the appearance of COVID-19, and it is predicted that development will remain moderately slow through the end of 2021. The COVID-19 pandemic in the construction industry caused a number of challenges for the market, including the availability of food, health and safety regulations, deliverables, contractual obligations, and project delays or cancellations. As a result, the demand for the global digital printing industry dropped.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Print Head, By Ink, By Substrate, By Application
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Hawlett- Packyard Development Company, Canon, Inc., Ricoh Company Ltd., Mimaki Engineering Co. Ltd., Roland DG Corporation, Xerox Corporation, Seiko Epson Corporation, Toshiba, Panasonic, Durst Phototechnik AG, Inca Digital Printers Limited, Printronix, Oki Electric Industry, Kyocera Corporation, Neuralabel Printing Solution
|
Target Audience:
- Small-scale print shops
- Large printing and packaging companies
- Marketers
- Advertisers
- Graphic Designers
Global Digital Printing Market Segmentation:1. By Application:
- Books
- Commercial Printing
- Packaging
- Texting
- Others
2. By Ink:
- Aqueous
- Dye Sublimation
- Latex
- Solvent
- UV Cured
- Others
3. By Print Head:
4. By Substrate:
- Glass
- Plastic Films/Foils
- Paper and Paper Board
- Textile
- Others
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Size of Global Digital Printing Market (FY’2019-FY’2032)
- Overview of Global Digital Printing Market
- Segmentation of Global Digital Printing Market By Print Head (Inkjet, Laser)
- Segmentation of Global Digital Printing Market By Ink (Aqueous, Dye Sublimation, Latex, Solvent, UV Cured, Others)
- Segmentation of Global Digital Printing Market By Application (Books, Commercial Printing, Packaging, Texting, Others
- Segmentation of Global Digital Printing Market By Substrate (Glass, Plastic Films/Foils, Paper and Paper Board, Textile, Others)
- Statistical Snap of Global Digital Printing Market
- Growth Analysis of Global Digital Printing Market
- Problems and Challenges in Global Digital Printing Market
- Competitive Landscape in the Global Digital Printing Market
- Impact of COVID-19 and Demonetization on Global Digital Printing Market
- Details on Recent Investment in Global Digital Printing Market
- Competitive Analysis of Global Digital Printing Market
- Major Players in the Global Digital Printing Market
- SWOT Analysis of Global Digital Printing Market
- Global Digital Printing Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Digital Printing Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Digital Printing Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Digital Printing Market
7. Global Digital Printing Market, By Application , 2019-2032 (USD Million)
7.1 Books
7.2 Commercial Printing
7.3 Packaging
7.3.1 Label
7.3.2 Corrugated Packaging
7.3.3 Carton
7.3.4 Flexible Packaging
7.3.5 Metal Packaging
7.4 Texting
7.5 Others
8. Global Digital Printing Market, By Ink, 2019-2032 (USD Million)
8.1 Aqueous
8.2 Dye Sublimation
8.3 Latex
8.4 Solvent
8.5 UV Cured
8.6 Others
9. Global Digital Printing Market, By Print Head, 2019-2032 (USD Million)
9.1 Inkjet
9.1.1 Electrostatic Inkjet
9.1.2 Micro- Electro Mechanical System Inkjet
9.1.3 Piezo Inkjet
9.1.4 Thermal Inkjet
9.2 Laser
10. Global Digital Printing Market, By Substrate, 2019-2032 (USD Million)
10.1 Glass
10.2 Plastic Films/Foils
10.3 Paper and Paper Board
10.4 Textile
10.5 Others
11. Global Commercial Washing Market, By Region, 2019-2032 (USD Million)
11.1 Global Digital Printing Market Size and Market Share by Region (2019-2025)
11.2 Global Digital Printing Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Hawlett- Packyard Development Company
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Canon, Inc.
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Ricoh Company Ltd.
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Mimaki Engineering Co. Ltd.
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Roland DG Corporation
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Xerox Corporation
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Seiko Epson Corporation
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Toshiba
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Panasonic
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Durst Phototechnik AG
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Inca Digital Printers Limited
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Printronix
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Oki Electric Industry
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Kyocera Corporation
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Neuralabel Printing Solution
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
