Commercial Printing
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PUBLISHED: 2022 ID: SMRC22171
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Commercial Printing Market Forecasts to 2028 - Global Analysis By Technology (Flexographic, Lithography and Other Technologies), By Print Type (Image, Painting and Other Print Types), By Application, and By Geography

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4.7 (44 reviews)
Published: 2022 ID: SMRC22171

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $449.84 BN

Projected Year Value (2028)

US $559.41 BN

CAGR (2022 - 2028)

3.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe

According to Stratistics MRC, the Global Commercial Printing Market is accounted for $449.84 billion in 2022 and is expected to reach $559.41 billion by 2028 growing at a CAGR of 3.7% during the forecast period. Commercial printing refers to the collection of services, which include bulk printing along with binding, composition, layout designing and press productions. A commercial printer is used to produce phone books, magazines, labels, brochures, business forms, promotional materials and training manuals, among others. It finds extensive applications across publishing and printing houses, as well as in large organizations that use the service to run their operations effectively.

According to the Indian Printing, Packaging, and Allied Machinery Manufacturers' Association, the packaging industry may continue to grow due to the rapid changes undertaken by the industry players. The country's e-commerce boom and organized retail sector offer massive potential for the packaging sector’s growth, thereby supporting the commercial printing industry. Other factors, such as the booming economy, increasing consumerism, entry of global brands, and rising interest of foreign investors, are bound to offer growth opportunities to the industry.



Market Dynamics:

Driver:

Expanding services of commercial printing vendors

Commercial printing vendors are also expanding their services toward media and document management services, which is likely to facilitate organizations to develop their distribution and promotion capabilities for both print and non-print materials. Moreover, green commercial printers that use eco-friendly paper, inks, coatings and chemicals, and facilitate reducing and reusing waste, are projected to drive the growth of the market further. And, increased collaboration among the convertors and retailers surrounding packaging has led to the development of inventive ways of customer encouragement.

Restraint:

Rising raw material cost

The rising raw material costs during the procurement process limit the functioning of several players. The raw materials used in commercial printing include paper, ink, printing materials, and other chemical products are becoming cost ineffective day by day. The feedstock prices are vibrant and varying based on several socioeconomic factors, thereby hindering the business activity of the companies operating in the commercial printing market. To counteract this machinery design, digitalization, and computerization have significantly contributed to improving productivity and transforming this market.

Opportunity:

Increasing adoption to customized commercial printing

There is a significant demand for personalized printed content, which is being catered to by commercial printing companies that use digital printing technologies. Such technologies include changeable data printing, which enables the customization of images, text, and graphics on each printed piece. The short-run self-publishing industry witnesses a high demand for digital printing due to order flexibility, optimized stock handling, and minimization of time-to-market for printed content. This may also contribute to the growth of the commercial printing market spending.

Threat:

Lack quality control systems

Most commercial printing companies deliver even large orders in a matter of days, while a local printer may take a bit longer to complete a job. However, big commercial printers often lack the quality control systems that are in place with local printers. They may not be as willing to compensate or reprint a damaged order, and they likely won’t take the same precautions and care as a locally owned company that has developed close relationships with its customers and takes pride in the product it produces. There by hindering the commercial printing market.

Covid-19 Impact

COVID-19 pandemic has reduced the commercial printing market. Many events were cancelled, leading to a lowered demand for promotional materials. Many organizations have also moved to remote working, which may boost the trend toward paperless operations. In addition, with customers spending more time online, advertisers are opting for digital media more than other forms of media. Even though event cancelations and remote work are expected to be temporary measures until the COVID-19 situation is under control, they may cause a permanent loss in demand for printed materials.

The Flexographic segment is expected to be the largest during the forecast period

The Flexographic segment is estimated to have a lucrative growth, due to its versatility, that is its use to print solid colours and patterns on a wide range of substrates, including materials that are porous, non porous, flat as well as rough materials. The flexography allows the use of numerous ink types for the printing process. Moreover, flexographic printing is known for being a fast process, the combination of quick- drying inks and automation results in very high performance, producing high quality image reproduction with low production cost. Eco-sustainability is the major factor which is driving the commercial printing market.

The Packaging segment is expected to have the highest CAGR during the forecast period

The Packaging segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the demand for printing from packaging and labels for pharmaceuticals, tobacco products, and alcoholic beverages is likely to increase, as the companies must comply with dynamic government regulations and protect against replication. Increased cooperation among the convertors and retailers surrounding packaging has led to the development of innovative ways of customer inducement. Moreover, many packaging companies are investing in commercial printing solutions, thus boosting the market's growth.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing demand from critical regions like China, India, the Philippines, Vietnam, and Thailand. Factors such as the beginning of new technologies, changing lifestyles, rise in e-commerce, and urbanization, are driving the growth of the market in the region. Moreover, the increasing demand for processed and canned food in emerging markets such as China and India is expected to impact the market in the region positively. Also, the increasing non-refundable income in the region is resulting in the growing demand for interior design with customized wallpapers, are driving the growth of the commercial printing market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the growing need for advertising across enterprises, along with the increasing automation leading to greater competence and better outcome in the print business. The growing use of the advanced flexo printing method, rise in environmental concerns has prompted regulatory authorities to update the printing industry standards. This has increased the demand for eco-friendly inks that help in recovering the recyclability of paper and enabling resourceful separation of the ink from paper. The command for security printing from packaging and label manufacturers for pharmaceuticals and tobacco products, and alcoholic beverages is also likely to increase as companies seek to fulfil with government regulations and protect consumers against replicating contributing to the market growth.



Key players in the market

Some of the key players profiled in the Commercial Printing Market include ACME Printing, LSC Communications US, LLC, TOPPAN INC, R.R. Donnelley, Transcontinental Inc., Quad/Graphics Inc, Dai Nippon Printing, RR Donnelley & Sons (RRD), Quebecor World Inc, Cimpress, Taylor Communications, HH Global.

Key Developments:

In July 2022, Dai Nippon Printing Co. Ltd, announced launch of light anime, a new channel capable of significantly reducing the time and cost of animation production compared to conventional methods. Light anime has been developed in order to meet the needs of consumers who want to enjoy a variety of anime works more easily, quickly, in a timely manner, as well as at a lower cost.

In May 2022, RRD announced the launch of Helium, an editorial solution service providing access to specialized copywriting, content strategy, and project management professionals. This service could give brands a centralized access point to hundreds of subject matter experts in content generation.

In Dec 2020, Atlas Holdings announced today that it has completed its acquisition of substantially all of the assets of LSC Communications, Inc. (“LSC”), a North American leader in print and digital media solutions, the company is organized around four business segments, Magazine, Catalog & Logistics, Books, TOPS Products and its Mexico Print operations, which collectively service the traditional and digital print, print related services and office products markets.

Technologies Covered:
• Flexographic
• Lithography
• Inkjet
• Screen
• Gravure
• Digital
• Other Technologies

Print Types Covered:
• Image
• Painting
• Pattern
• Other Print Types

Applications Covered:
• Packaging
• Advertising
• Publishing
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
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

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Commercial Printing Market, By Technology
5.1 Introduction
5.2 Flexographic
5.3 Lithography
5.4 Inkjet
5.5 Screen
5.6 Gravure
5.7 Digital
5.8 Other Technologies

6 Global Commercial Printing Market, By Print Type
6.1 Introduction
6.2 Image
6.3 Painting
6.4 Pattern
6.5 Other Print Types

7 Global Commercial Printing Market, By Application
7.1 Introduction
7.2 Packaging
7.3 Advertising
7.4 Publishing
7.5 Other Applications

8 Global Commercial Printing Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 ACME Printing
10.2 LSC Communications US, LLC
10.3 TOPPAN INC
10.4 R.R. Donnelley
10.5 Transcontinental Inc.
10.6 Quad/Graphics Inc
10.7 Dai Nippon Printing
10.8 RR Donnelley & Sons (RRD)
10.9 Quebecor World Inc
10.10 Cimpress
10.11 Taylor Communications
10.12 HH Global

List of Tables
1 Global Commercial Printing Market Outlook, By Region (2020-2028) ($MN)
2 Global Commercial Printing Market Outlook, By Technology (2020-2028) ($MN)
3 Global Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
4 Global Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
5 Global Commercial Printing Market Outlook, By Lithography (2020-2028) ($MN)
6 Global Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
7 Global Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
8 Global Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
9 Global Commercial Printing Market Outlook, By Digital (2020-2028) ($MN)
10 Global Commercial Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
11 Global Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
12 Global Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
13 Global Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
14 Global Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
15 Global Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
16 Global Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
17 Global Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
18 Global Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
19 Global Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
20 Global Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
21 Global Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
22 Global Commercial Printing Market Outlook, By Other Applications (2020-2028) ($MN)
23 North America Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
24 North America Commercial Printing Market Outlook, By Technology (2020-2028) ($MN)
25 North America Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
26 North America Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
27 North America Commercial Printing Market Outlook, By Lithography (2020-2028) ($MN)
28 North America Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
29 North America Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
30 North America Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
31 North America Commercial Printing Market Outlook, By Digital (2020-2028) ($MN)
32 North America Commercial Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
33 North America Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
34 North America Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
35 North America Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
36 North America Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
37 North America Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
38 North America Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
39 North America Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
40 North America Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
41 North America Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
42 North America Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
43 North America Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
44 North America Commercial Printing Market Outlook, By Other Applications (2020-2028) ($MN)
45 Europe Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
46 Europe Commercial Printing Market Outlook, By Technology (2020-2028) ($MN)
47 Europe Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
48 Europe Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
49 Europe Commercial Printing Market Outlook, By Lithography (2020-2028) ($MN)
50 Europe Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
51 Europe Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
52 Europe Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
53 Europe Commercial Printing Market Outlook, By Digital (2020-2028) ($MN)
54 Europe Commercial Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
55 Europe Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
56 Europe Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
57 Europe Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
58 Europe Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
59 Europe Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
60 Europe Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
61 Europe Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
62 Europe Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
63 Europe Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
64 Europe Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
65 Europe Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
66 Europe Commercial Printing Market Outlook, By Other Applications (2020-2028) ($MN)
67 Asia Pacific Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Commercial Printing Market Outlook, By Technology (2020-2028) ($MN)
69 Asia Pacific Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
70 Asia Pacific Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
71 Asia Pacific Commercial Printing Market Outlook, By Lithography (2020-2028) ($MN)
72 Asia Pacific Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
73 Asia Pacific Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
74 Asia Pacific Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
75 Asia Pacific Commercial Printing Market Outlook, By Digital (2020-2028) ($MN)
76 Asia Pacific Commercial Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
77 Asia Pacific Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
78 Asia Pacific Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
79 Asia Pacific Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
80 Asia Pacific Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
81 Asia Pacific Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
82 Asia Pacific Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
83 Asia Pacific Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
84 Asia Pacific Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
85 Asia Pacific Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
86 Asia Pacific Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
87 Asia Pacific Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
88 Asia Pacific Commercial Printing Market Outlook, By Other Applications (2020-2028) ($MN)
89 South America Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
90 South America Commercial Printing Market Outlook, By Technology (2020-2028) ($MN)
91 South America Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
92 South America Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
93 South America Commercial Printing Market Outlook, By Lithography (2020-2028) ($MN)
94 South America Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
95 South America Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
96 South America Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
97 South America Commercial Printing Market Outlook, By Digital (2020-2028) ($MN)
98 South America Commercial Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
99 South America Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
100 South America Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
101 South America Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
102 South America Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
103 South America Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
104 South America Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
105 South America Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
106 South America Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
107 South America Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
108 South America Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
109 South America Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
110 South America Commercial Printing Market Outlook, By Other Applications (2020-2028) ($MN)
111 Middle East & Africa Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Commercial Printing Market Outlook, By Technology (2020-2028) ($MN)
113 Middle East & Africa Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
114 Middle East & Africa Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
115 Middle East & Africa Commercial Printing Market Outlook, By Lithography (2020-2028) ($MN)
116 Middle East & Africa Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
117 Middle East & Africa Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
118 Middle East & Africa Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
119 Middle East & Africa Commercial Printing Market Outlook, By Digital (2020-2028) ($MN)
120 Middle East & Africa Commercial Printing Market Outlook, By Other Technologies (2020-2028) ($MN)
121 Middle East & Africa Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
122 Middle East & Africa Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
123 Middle East & Africa Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
124 Middle East & Africa Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
125 Middle East & Africa Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
126 Middle East & Africa Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
127 Middle East & Africa Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
128 Middle East & Africa Commercial Printing Market Outlook, By Introduction (2020-2028) ($MN)
129 Middle East & Africa Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
130 Middle East & Africa Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
131 Middle East & Africa Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
132 Middle East & Africa Commercial Printing Market Outlook, By Other Applications (2020-2028) ($MN)

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