Digital Printing Market Forecasts to 2028 – Global Analysis By Printing Technology (Electrophotography, Direct Thermal Printing), Application (Books, Digital Printing), End User (Cosmetic, Pharmaceuticals) and By Geography
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.
Digital Printing is a modern method of production that allows for printing from electronic files. Digital printing can be defined as the process of printing digital-based images, which can be directly printed onto various media substrates (paper, photo paper, canvas, fabric, synthetics, cardstock, and other substrates). It does not require a printing plate in contrast to the more traditional offset printing. Digital printing involves the document to re-create on a computer and then printed directly onto the material of your choice. It is an alternative to various other more conventional methods much as lithography, flexography, gravure, letter press, and others. The technology of digital printing eliminates several of the mechanical steps that are usually required for more traditional printing methods such as manually stripping pieces together, making plates or making films and color proofs.
By ink type, the ultraviolet (UV)-cured ink segment is anticipated to grow at the significant rate during the forecast period. The UV cured inks typically contain reactive monomers, oligomers, pigments and additives, and photoinitiators. The biggest advantage of UV cured inks is that the inks offer instant drying on a wide range of substrates from metals, glass, and ceramics to flexible packaging, thin-gauge polymeric films, and more. With the increasing availability of curing technologies, new delivery systems, and raw materials the scope for UV cured ink is growing. This type of ink gets set and dries quickly on exposure to UV light and can be sent to the next step of the production process. This makes it durable and suitable for printing on a wide range of flexible materials, along with direct to rigid substrates. UV-curable ink also offers some environmental advantages; for instance, it allows printers to use ink without toxins, i.e., 100% ink, and no wastage compared to solvent-based inks.
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 22.79 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
8.8% |
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Predicted 2028 Value: |
USD 44.76 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
320 |
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Chapters Covered: |
Ink Type, Substrate Type, Printing Technology, Print Head Type, Packaging, Format, Application, and End User |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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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
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 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
Key Questions Answered In The Report
The Global Digital Printing Market is majorly driven by developments in packaging and textile industries, rising demand for digital advertisements, rapid industrialization, and increasing usage of UV curable ink and dye sublimation.
The ultraviolet (UV)-cured ink segment is growing at a highest CAGR owing to increasing availability of curing technologies, the scope for UV cured ink is growing, and instant drying on a wide range of substrates from metals, glass, and ceramics to flexible packaging, thin-gauge polymeric films, and more.
North America dominated with a significant market share due to increasing consumer durable sales, high disposable income, increasing demand for packaged foods, demographic changes, and increased use of digital printers in packaging and textile printing in the US.
Asia Pacific market is growing at a highest CAGR owing to the rapid growth in industrialization that has created increase in demand for digital printing, technological developments along with increasing methods of printing, and growing adoption of e-commerce, consumer electronics, and packaged and processed food.
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.
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 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Digital Printing Market, By Ink Type
5.1 Introduction
5.2 Solvent Ink
5.3 Dye Sublimation Ink
5.4 Ultraviolet (UV)-Cured Ink
5.5 Aqueous Ink
5.6 Latex Ink
5.7 Water Based Ink
6 Global Digital Printing Market, By Substrate Type
6.1 Introduction
6.2 Release Liner
6.3 Paper & Paperboard
6.4 Plastic Films or Foils
6.5 Glass
6.6 Ceramic
6.7 Technical Textiles
7 Global Digital Printing Market, By Printing Technology
7.1 Introduction
7.2 Magnetography
7.3 Electrophotography & Electrostatic Printing
7.4 Toner-based Printing Systems Iconography
7.5 Thermal Transfer Printing
7.6 Direct Thermal Printing
8 Global Digital Printing Market, By Print Head Type
8.1 Introduction
8.2 Laser
8.3 Inkjet
8.3.1 Electrostatic Inkjet
8.3.2 Piezo-Crystal-Based
8.3.3 Thermal Inkjet
8.3.4 Microelectromechanical System (MEMS) Inkjet
9 Global Digital Printing Market, By Packaging
9.1 Introduction
9.2 Flexible Packaging
9.3 Metal Packaging
9.4 Labels
9.5 Folding Cartons
9.6 Rigid Plastic Packaging
9.7 Corrugated Packaging
10 Global Digital Printing Market, By Format
10.1 Introduction
10.2 Full Color Printing
10.3 Large Format Printing
10.4 Variable Data Printing
11 Global Digital Printing Market, By Application
11.1 Introduction
11.2 Commercial Printing
11.3 Books
11.4 Digital Printing Service
11.5 Printer Suppliers
11.6 Information Technology (IT) Service
11.7 Cloud Service
11.8 Display
11.9 Clothing/Garments
12 Global Digital Printing Market, By End User
12.1 Introduction
12.2 Food & Beverage
12.3 Household & Cosmetic Products
12.4 Pharmaceuticals and Healthcare
13 Global Digital Printing Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 Westrock Company
15.2 DS Smith PLC
15.3 IronMark Inc.
15.4 Smurfit Kappa
15.5 Southland Printing Company Inc.
15.6 Avery Dennison Corporation
15.7 Mondi PLC
15.8 Hewlett-Packard Development Company, l.P.
15.9 Xeikon NV
15.10 Canon, Inc.
15.11 Seiko Epson Corporation
15.12 Amcor PLC
15.13 Xerox Corporation
15.14 Samsung Electronics
15.15 Toshiba
15.16 Kyocera Corporation
15.17 Panasonic
List of Tables
1 Global Digital Printing Market Outlook, By Region (2019-2028) ($MN)
2 Global Digital Printing Market Outlook, By Ink Type (2019-2028) ($MN)
3 Global Digital Printing Market Outlook, By Solvent Ink (2019-2028) ($MN)
4 Global Digital Printing Market Outlook, By Dye Sublimation Ink (2019-2028) ($MN)
5 Global Digital Printing Market Outlook, By Ultraviolet (UV)-Cured Ink (2019-2028) ($MN)
6 Global Digital Printing Market Outlook, By Aqueous Ink (2019-2028) ($MN)
7 Global Digital Printing Market Outlook, By Latex Ink (2019-2028) ($MN)
8 Global Digital Printing Market Outlook, By Water Based Ink (2019-2028) ($MN)
9 Global Digital Printing Market Outlook, By Substrate Type (2019-2028) ($MN)
10 Global Digital Printing Market Outlook, By Release Liner (2019-2028) ($MN)
11 Global Digital Printing Market Outlook, By Paper & Paperboard (2019-2028) ($MN)
12 Global Digital Printing Market Outlook, By Plastic Films or Foils (2019-2028) ($MN)
13 Global Digital Printing Market Outlook, By Glass (2019-2028) ($MN)
14 Global Digital Printing Market Outlook, By Ceramic (2019-2028) ($MN)
15 Global Digital Printing Market Outlook, By Technical Textiles (2019-2028) ($MN)
16 Global Digital Printing Market Outlook, By Printing Technology (2019-2028) ($MN)
17 Global Digital Printing Market Outlook, By Magnetography (2019-2028) ($MN)
18 Global Digital Printing Market Outlook, By Electrophotography & Electrostatic Printing (2019-2028) ($MN)
19 Global Digital Printing Market Outlook, By Toner-based Printing Systems Iconography (2019-2028) ($MN)
20 Global Digital Printing Market Outlook, By Thermal Transfer Printing (2019-2028) ($MN)
21 Global Digital Printing Market Outlook, By Direct Thermal Printing (2019-2028) ($MN)
22 Global Digital Printing Market Outlook, By Print Head Type (2019-2028) ($MN)
23 Global Digital Printing Market Outlook, By Laser (2019-2028) ($MN)
24 Global Digital Printing Market Outlook, By Inkjet (2019-2028) ($MN)
25 Global Digital Printing Market Outlook, By Electrostatic Inkjet (2019-2028) ($MN)
26 Global Digital Printing Market Outlook, By Piezo-Crystal-Based (2019-2028) ($MN)
27 Global Digital Printing Market Outlook, By Thermal Inkjet (2019-2028) ($MN)
28 Global Digital Printing Market Outlook, By Microelectromechanical System (MEMS) Inkjet (2019-2028) ($MN)
29 Global Digital Printing Market Outlook, By Packaging (2019-2028) ($MN)
30 Global Digital Printing Market Outlook, By Flexible Packaging (2019-2028) ($MN)
31 Global Digital Printing Market Outlook, By Metal Packaging (2019-2028) ($MN)
32 Global Digital Printing Market Outlook, By Labels (2019-2028) ($MN)
33 Global Digital Printing Market Outlook, By Folding Cartons (2019-2028) ($MN)
34 Global Digital Printing Market Outlook, By Rigid Plastic Packaging (2019-2028) ($MN)
35 Global Digital Printing Market Outlook, By Corrugated Packaging (2019-2028) ($MN)
36 Global Digital Printing Market Outlook, By Format (2019-2028) ($MN)
37 Global Digital Printing Market Outlook, By Full Color Printing (2019-2028) ($MN)
38 Global Digital Printing Market Outlook, By Large Format Printing (2019-2028) ($MN)
39 Global Digital Printing Market Outlook, By Variable Data Printing (2019-2028) ($MN)
40 Global Digital Printing Market Outlook, By Application (2019-2028) ($MN)
41 Global Digital Printing Market Outlook, By Commercial Printing (2019-2028) ($MN)
42 Global Digital Printing Market Outlook, By Books (2019-2028) ($MN)
43 Global Digital Printing Market Outlook, By Digital Printing Service (2019-2028) ($MN)
44 Global Digital Printing Market Outlook, By Printer Suppliers (2019-2028) ($MN)
45 Global Digital Printing Market Outlook, By Information Technology (IT) Service (2019-2028) ($MN)
46 Global Digital Printing Market Outlook, By Cloud Service (2019-2028) ($MN)
47 Global Digital Printing Market Outlook, By Display (2019-2028) ($MN)
48 Global Digital Printing Market Outlook, By Clothing/Garments (2019-2028) ($MN)
49 Global Digital Printing Market Outlook, By End User (2019-2028) ($MN)
50 Global Digital Printing Market Outlook, By Food & Beverage (2019-2028) ($MN)
51 Global Digital Printing Market Outlook, By Household & Cosmetic Products (2019-2028) ($MN)
52 Global Digital Printing Market Outlook, By Pharmaceuticals and Healthcare (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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