Commercial Printing Market Forecasts to 2028 - Global Analysis By Type (Inkjet, Offset Lithography, Flexographic, Screen, Gravure, Digital Printing and Other Types), Print Type (Image, Pattern, Painting and Other Print Types), Application (Packaging, Advertising and Publishing) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $506.81 BN |
|
Projected Year Value (2028) |
US $648.71 BN |
|
CAGR (2022 - 2028) |
4.2% |
|
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 |
Asia Pacific |
According to Stratistics MRC, the Global Commercial Printing Market is accounted for $506.81 billion in 2022 and is expected to reach $648.71 billion by 2028 growing at a CAGR of 4.2% during the forecast period. Bulk printing, binding, composition, layout design, and press production are all included in the group of services referred to as commercial printing. Phone books, magazines, labels, catalogues, brochures, business forms, advertising materials, and training manuals are some of the items that can be printed by a commercial printer. It has a memory card reader, paper output tray, fold-out tray, ink replacement, digital or analogue control panel, and a paper feed.
According to the Indian Printing, Packaging, and Allied Machinery Manufacturers Association (IPAMA), 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.
Market Dynamics:
Driver:
Growing customer preference for print-on-demand
The market is developing as a result of consumers' increasing preference for print-on-demand. The print-on-demand (POD) order delivery method prints the products as soon as the customer places the order. POD enables customers to receive unique designs for a variety of products. Furthermore, the target market is growing as consumers' preferences for customization and personalization increase.
Restraint:
Limited Colour Matching Capability
Due to the ongoing advancements in digital printing, it might be challenging to match Pantone colours precisely when using this method. This is a result of the variations in inks, rasterization methods, and toners used by each printing machine, which result in slight variations in colour finish when printed. Moreover, digital printing cannot replicate shiny and fluorescent colours in designs, such aspects are hindering the market growth.
Opportunity:
Rise in demand for sustainability
Businesses are placing more importance on sustainability as commercial inkjet devices become more popular because they consume less energy, generate less carbon dioxide, and are considered to contribute to cleaner air because they don't release toner dust. Furthermore, many businesses are spending money on inkjet printers to expand their product lines, personalize packaging and messaging, help customers promote their brands, and adjust to seasonal demand. Commercial printing has a bright future with these advancements in sustainable printing.
Threat:
Cost of raw materials
As the operational capacity of various firms is constrained by the rising raw material costs during the procurement process, the market is expected to hinder growth during the projection period. Paper, ink, printing supplies, and other chemical products are the raw materials used in commercial printing. Additionally, the feedstock costs are dynamic and change based on a number of socioeconomic factors, which makes it difficult for the businesses functioning in the analysed market to negotiate deals.
Covid-19 Impact:
The COVID-19 pandemic restricted the target market's expansion at the peak of the outbreak. The COVID-19 epidemic significantly decreased the need for commercial printing services, which had a negative effect on the market. Additionally, the shutdown of the facilities and supporting operations had an impact on printing activities all over the world. The majority of businesses all over the world have adopted remote working, which has prompted a total shift to paperless operations. Due to worries about safety, consumers also made a big shift to digital media. These factors reduced the need for commercial printing, which had a significant influence on the market.
The Inkjet segment is expected to be the largest during the forecast period
As the market is being aided by rising awareness of the benefits of inkjet devices, the inkjet sector is expected to dominate the market during the anticipated period due to factors such as the ability to replace two to four toner devices with one inkjet device and the need for less people to operate them.
The Advertising segment is expected to have the highest CAGR during the forecast period
Owing to high cost efficiency and ability to produce large quantities, the advertising segment is expected to increase the demand for commercial printers. Furthermore, the market is giving more importance to digital advertising, which is driving the advertising segment during the forecast period. And, traditionally fashion companies are opting for digital advertising because it assists in business growth on a worldwide scale.
Region with largest share:
Due to rising demand from major areas including China, India, Philippines, Vietnam, and Thailand, the Asian-Pacific region holds a significant market share. The development of the printing industry in the region is being propelled by factors like the emergence of new technology, shifting lifestyles, an increase in e-commerce and urbanisation. Furthermore, the market in the region is anticipated to benefit from the increasing demand for processed and canned food in developing nations like China and India.
Region with highest CAGR:
Because of the advancements in the print sector, such as digital technologies, particularly in China and India, are mostly accounted for the expansion in Asia Pacific region. Due to these innovations' high-speed capabilities, conventional printers have been replaced with high-tech commercial printers. Additionally, the region's booming e-commerce industry and well-organized retail sector present tremendous opportunities for packaging growth in the packaging application, supporting the target market during the projection period.
Key players in the market
Some of the key players in Commercial Printing market include Quad/Graphics Inc, ACME Printing Inc, WestRock Company, Toppan Co. Limited, RR Donnelley & Sons Company, Taylor Communications, TC Transcontinental Inc, Dai Nippon Printing Co. Limited, Cimpress plc, Quebecor World Inc, HH Global Ltd and Lagardere SCA
Key Developments:
In July 2022, Toppan was recognized for consideration in several top indexes for its exceptional Environmental, Social, and Governance (ESG) performance. The FTSE4Good Index Series, the FTSE Blossom Japan Index, and the FTSE Blossom Japan Sector Relative Index were created by FTSE Russell. MSCI Inc. created the MSCI Japan Empowering Women Index (WIN), and the S&P/JPX Carbon Efficient Index was created in collaboration with the Japan Exchange Group.
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.
Types Covered:
• Inkjet
• Offset Lithography
• Flexographic
• Screen
• Gravure
• Digital Printing
• Other Types
Print Types Covered:
• Image
• Pattern
• Painting
• Other Print Types
Applications Covered:
• Packaging
• Advertising
• Publishing
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
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 Type
5.1 Introduction
5.2 Inkjet
5.3 Offset Lithography
5.4 Flexographic
5.5 Screen
5.6 Gravure
5.7 Digital Printing
5.8 Other Types
6 Global Commercial Printing Market, By Print Type
6.1 Introduction
6.2 Image
6.3 Pattern
6.4 Painting
6.5 Other Print Types
7 Global Commercial Printing Market, By Application
7.1 Introduction
7.2 Packaging
7.3 Advertising
7.4 Publishing
7.4.1 Books
7.4.2 Magazines
7.4.3 Newspaper
7.4.4 Other Publishings
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 Quad/Graphics Inc
10.2 ACME Printing Inc
10.3 WestRock Company
10.4 Toppan Co. Limited
10.5 RR Donnelley & Sons Company
10.6 Taylor Communications
10.7 TC Transcontinental Inc
10.8 Dai Nippon Printing Co. Limited
10.9 Cimpress plc
10.10 Quebecor World Inc
10.11 HH Global Ltd
10.12 Lagardere SCA
List of Tables
1 Global Commercial Printing Market Outlook, By Region (2020-2028) ($MN)
2 Global Commercial Printing Market Outlook, By Type (2020-2028) ($MN)
3 Global Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
4 Global Commercial Printing Market Outlook, By Offset Lithography (2020-2028) ($MN)
5 Global Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
6 Global Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
7 Global Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
8 Global Commercial Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
9 Global Commercial Printing Market Outlook, By Other Types (2020-2028) ($MN)
10 Global Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
11 Global Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
12 Global Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
13 Global Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
14 Global Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
15 Global Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
16 Global Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
17 Global Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
18 Global Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
19 Global Commercial Printing Market Outlook, By Books (2020-2028) ($MN)
20 Global Commercial Printing Market Outlook, By Magazines (2020-2028) ($MN)
21 Global Commercial Printing Market Outlook, By Newspaper (2020-2028) ($MN)
22 Global Commercial Printing Market Outlook, By Other Publishings (2020-2028) ($MN)
23 North America Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
24 North America Commercial Printing Market Outlook, By Type (2020-2028) ($MN)
25 North America Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
26 North America Commercial Printing Market Outlook, By Offset Lithography (2020-2028) ($MN)
27 North America Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
28 North America Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
29 North America Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
30 North America Commercial Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
31 North America Commercial Printing Market Outlook, By Other Types (2020-2028) ($MN)
32 North America Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
33 North America Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
34 North America Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
35 North America Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
36 North America Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
37 North America Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
38 North America Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
39 North America Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
40 North America Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
41 North America Commercial Printing Market Outlook, By Books (2020-2028) ($MN)
42 North America Commercial Printing Market Outlook, By Magazines (2020-2028) ($MN)
43 North America Commercial Printing Market Outlook, By Newspaper (2020-2028) ($MN)
44 North America Commercial Printing Market Outlook, By Other Publishings (2020-2028) ($MN)
45 Europe Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
46 Europe Commercial Printing Market Outlook, By Type (2020-2028) ($MN)
47 Europe Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
48 Europe Commercial Printing Market Outlook, By Offset Lithography (2020-2028) ($MN)
49 Europe Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
50 Europe Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
51 Europe Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
52 Europe Commercial Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
53 Europe Commercial Printing Market Outlook, By Other Types (2020-2028) ($MN)
54 Europe Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
55 Europe Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
56 Europe Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
57 Europe Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
58 Europe Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
59 Europe Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
60 Europe Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
61 Europe Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
62 Europe Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
63 Europe Commercial Printing Market Outlook, By Books (2020-2028) ($MN)
64 Europe Commercial Printing Market Outlook, By Magazines (2020-2028) ($MN)
65 Europe Commercial Printing Market Outlook, By Newspaper (2020-2028) ($MN)
66 Europe Commercial Printing Market Outlook, By Other Publishings (2020-2028) ($MN)
67 Asia Pacific Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Commercial Printing Market Outlook, By Type (2020-2028) ($MN)
69 Asia Pacific Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
70 Asia Pacific Commercial Printing Market Outlook, By Offset Lithography (2020-2028) ($MN)
71 Asia Pacific Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
72 Asia Pacific Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
73 Asia Pacific Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
74 Asia Pacific Commercial Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
75 Asia Pacific Commercial Printing Market Outlook, By Other Types (2020-2028) ($MN)
76 Asia Pacific Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
77 Asia Pacific Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
78 Asia Pacific Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
79 Asia Pacific Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
80 Asia Pacific Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
81 Asia Pacific Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
82 Asia Pacific Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
83 Asia Pacific Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
84 Asia Pacific Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
85 Asia Pacific Commercial Printing Market Outlook, By Books (2020-2028) ($MN)
86 Asia Pacific Commercial Printing Market Outlook, By Magazines (2020-2028) ($MN)
87 Asia Pacific Commercial Printing Market Outlook, By Newspaper (2020-2028) ($MN)
88 Asia Pacific Commercial Printing Market Outlook, By Other Publishings (2020-2028) ($MN)
89 South America Commercial Printing Market Outlook, By Country (2020-2028) ($MN)
90 South America Commercial Printing Market Outlook, By Type (2020-2028) ($MN)
91 South America Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
92 South America Commercial Printing Market Outlook, By Offset Lithography (2020-2028) ($MN)
93 South America Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
94 South America Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
95 South America Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
96 South America Commercial Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
97 South America Commercial Printing Market Outlook, By Other Types (2020-2028) ($MN)
98 South America Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
99 South America Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
100 South America Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
101 South America Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
102 South America Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
103 South America Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
104 South America Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
105 South America Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
106 South America Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
107 South America Commercial Printing Market Outlook, By Books (2020-2028) ($MN)
108 South America Commercial Printing Market Outlook, By Magazines (2020-2028) ($MN)
109 South America Commercial Printing Market Outlook, By Newspaper (2020-2028) ($MN)
110 South America Commercial Printing Market Outlook, By Other Publishings (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 Type (2020-2028) ($MN)
113 Middle East & Africa Commercial Printing Market Outlook, By Inkjet (2020-2028) ($MN)
114 Middle East & Africa Commercial Printing Market Outlook, By Offset Lithography (2020-2028) ($MN)
115 Middle East & Africa Commercial Printing Market Outlook, By Flexographic (2020-2028) ($MN)
116 Middle East & Africa Commercial Printing Market Outlook, By Screen (2020-2028) ($MN)
117 Middle East & Africa Commercial Printing Market Outlook, By Gravure (2020-2028) ($MN)
118 Middle East & Africa Commercial Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
119 Middle East & Africa Commercial Printing Market Outlook, By Other Types (2020-2028) ($MN)
120 Middle East & Africa Commercial Printing Market Outlook, By Print Type (2020-2028) ($MN)
121 Middle East & Africa Commercial Printing Market Outlook, By Image (2020-2028) ($MN)
122 Middle East & Africa Commercial Printing Market Outlook, By Pattern (2020-2028) ($MN)
123 Middle East & Africa Commercial Printing Market Outlook, By Painting (2020-2028) ($MN)
124 Middle East & Africa Commercial Printing Market Outlook, By Other Print Types (2020-2028) ($MN)
125 Middle East & Africa Commercial Printing Market Outlook, By Application (2020-2028) ($MN)
126 Middle East & Africa Commercial Printing Market Outlook, By Packaging (2020-2028) ($MN)
127 Middle East & Africa Commercial Printing Market Outlook, By Advertising (2020-2028) ($MN)
128 Middle East & Africa Commercial Printing Market Outlook, By Publishing (2020-2028) ($MN)
129 Middle East & Africa Commercial Printing Market Outlook, By Books (2020-2028) ($MN)
130 Middle East & Africa Commercial Printing Market Outlook, By Magazines (2020-2028) ($MN)
131 Middle East & Africa Commercial Printing Market Outlook, By Newspaper (2020-2028) ($MN)
132 Middle East & Africa Commercial Printing Market Outlook, By Other Publishings (2020-2028) ($MN)
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