Digital Printing Market Summary
As per MRFR Analysis, the Global Digital Printing Market was valued at USD 29.25 Billion in 2023 and is projected to grow from USD 31.3 Billion in 2024 to USD 52.8 Billion by 2032, with a CAGR of 6.70% during the forecast period. The market growth is driven by advancements in packaging and textile industries, along with a reduction in per unit printing costs. The COVID-19 pandemic initially hindered growth, but the shift towards e-commerce is expected to stabilize the market. The Russia-Ukraine conflict and inflationary pressures have also impacted the global economy, affecting the digital printing sector. The inkjet segment dominated the market in 2022 due to its superior color blending capabilities. The packaging application accounted for the largest revenue share in 2021, highlighting the efficiency of digital printing for smaller order quantities.
Key Market Trends & Highlights
Key trends shaping the digital printing market include sustainability, technological advancements, and market consolidation.
- Sustainable printing techniques are gaining popularity as businesses aim to reduce environmental impact.
- Inkjet printing held the largest market share in 2022, driven by its tonal variation and color blending.
- The packaging segment accounted for the most revenue in 2021, emphasizing digital printing's efficiency for small orders.
- Technological advancements have enabled faster printing speeds, with machines capable of printing up to 4,800 sheets per hour.
Market Size & Forecast
2023 Market Size: USD 29.25 Billion
2024 Market Size: USD 31.3 Billion
2032 Market Size: USD 52.8 Billion
CAGR (2024-2032): 6.70%
Largest Regional Market Share in 2024: Asia-Pacific.
Major Players
HP Inc., Canon Inc., Seiko Epson Corporation, Ricoh Company, Ltd., MIMAKI Engineering Co., Ltd., Roland DG Corporation, Xerox Corporation, DIC Corporation, Toyo Ink SC Holdings Co., Ltd., Sakata INX Corporation, Westrock Company, Amcor PLC, Avery Dennison Corporation.