Digital Printing Market Size, Share & Trends Report, 2030

Digital Printing Market Dimension & Tendencies

The worldwide digital printing market dimension was estimated at USD 38.07 billion in 2023 and is anticipated to develop a CAGR of 6.2% from 2024 to 2030. Digital printing refers back to the strategy of printing digital-based pictures straight onto varied media substrates, corresponding to paper, picture paper, canvas, material, cardstock, and extra. In contrast to conventional strategies that require the creation of printing plates, digital printing eliminates this intermediate step, permitting for a extra streamlined and versatile course of. This methodology is especially advantageous for duties that require fast turnaround and high-quality output. Digital printing encompasses methods corresponding to inkjet and laser printing, that are broadly used for producing paperwork, advertising supplies, and packaging with precision and readability.

The expansion of e-commerce has spurred demand for digital printing, significantly in customized packaging and labeling. As on-line retailers search to distinguish their merchandise, the flexibility to provide distinctive, customized packaging on demand turns into essential. Moreover, sustainability issues are driving companies to undertake digital printing, which generally generates much less waste and permits for on-demand manufacturing, decreasing overproduction and storage wants. The worldwide market’s shift in direction of extra customized and sustainable options additional bolsters the demand for digital printing providers.

Technological enhancements have considerably enhanced the capabilities and attraction of digital printing. Trendy digital printers supply excessive decision, higher shade accuracy, and the flexibility to print on a various vary of substrates, together with paper, material, and artificial supplies. Integration with digital design software program permits for a seamless workflow from design to print, enhancing effectivity and output high quality. These developments make it a viable choice for producing high-quality prints shortly and reliably.

Moreover, 3D printing is merging with conventional digital printing applied sciences, creating hybrid options that supply each two-dimensional and three-dimensional printing capabilities. This integration permits to provide complicated objects and detailed floor in a single print run. The mix of 2D and 3D printing opens up new prospects in product prototyping, manufacturing, and inventive industries, enabling the creation of intricate designs and practical elements.

Nevertheless, a number of market restraints exist inside the digital printing panorama, impacting its development and growth. The preliminary funding required for digital printing expertise is important. Excessive-quality digital printers, particularly these able to dealing with massive volumes or specialised substrates, are sometimes costly. This upfront price generally is a barrier for small and medium-sized enterprises (SMEs) trying to undertake digital printing options. Moreover, the upkeep and operational prices of those superior printers can add to the monetary burden, limiting widespread adoption.

Business Traits & Focus

The digital printing market is characterised by a excessive diploma of innovation, pushed by speedy developments in expertise and evolving market wants. The goal market has seen substantial technological developments, driving innovation throughout varied points of the printing course of. Excessive-resolution inkjet and laser applied sciences have considerably improved print high quality, enabling the manufacturing of sharp, vibrant, solvent-based inks with exact shade accuracy. Improvements corresponding to piezoelectric inkjet heads and superior laser programs have enhanced the reliability and effectivity of digital printers, making them aggressive with conventional printing strategies.

The goal market is characterised by a excessive frequency of product launches. Main producers repeatedly introduce new fashions of digital printers that supply improved velocity, greater decision, and higher shade accuracy. These new fashions incorporate cutting-edge applied sciences corresponding to enhanced inkjet heads, superior laser programs, and refined shade administration programs, catering to the evolving calls for of varied industries. Moreover, product launches within the goal market embrace printers designed to deal with an increasing vary of substrates and purposes. Improvements in printer design and ink formulations have led to the event of specialised printers for ceramics, metals, and plastics. These launches are pushed by the rising demand for digital printing options in industries corresponding to vogue, automotive, and residential decor.

The impression of regulation on the goal market could be categorized as medium. Environmental laws considerably impression the goal market, significantly by way of waste administration and the usage of hazardous supplies. Laws geared toward decreasing environmental impression drive the adoption of eco-friendly inks and printing processes. As an illustration, the usage of unstable natural compounds (VOCs) in inks is restricted in lots of areas, prompting producers to develop and market water-based and UV-curable inks. Compliance with these laws ensures that printing processes are much less dangerous to the setting however can enhance manufacturing prices because of the want for specialised supplies and applied sciences.

Moreover, laws such because the Normal Information Safety Regulation (GDPR) within the European Union impose strict tips on how private knowledge must be dealt with, saved, and used. Compliance requires sturdy knowledge administration practices and safe dealing with of buyer data to forestall knowledge breaches and misuse. Non-compliance can result in extreme penalties and lack of buyer belief, necessitating investments in knowledge safety measures.

The impression of product substitutes on the goal market could be categorized as medium. Conventional printing strategies, corresponding to offset printing and display printing, proceed to function vital substitutes for digital printing. These strategies are sometimes less expensive for large-scale print runs resulting from their skill to provide excessive volumes at a decrease per-unit price. Whereas digital print expertise gives varied benefits briefly runs and customization, conventional strategies dominate large-volume orders, doubtlessly limiting the adoption and development of digital printing in high-volume markets. Companies that require in depth print runs might want conventional strategies to handle prices, thereby impacting the goal market’s share.

The top person focus within the goal market could be categorized as excessive, with the packaging trade dominating the panorama. Digital printing is more and more utilized for creating custom-made and short-run packaging options. The flexibility to provide vibrant, high-quality graphics and variable knowledge printing permits corporations to personalize packaging for promotional campaigns and limited-edition merchandise. This functionality is especially worthwhile for small and medium-sized enterprises (SMEs) that want versatile packaging choices with out committing to massive print runs.

The rise of e-commerce and the demand for distinctive, branded packaging additional drives the adoption of digital printing on this sector. Moreover, the publishing trade, together with books, magazines, and newspapers, makes use of digital printing for each brief runs and print-on-demand providers. This strategy is especially helpful for self-publishers and area of interest publications that can’t justify the prices of conventional printing strategies. Digital printing permits for environment friendly manufacturing of smaller portions, decreasing stock prices and waste.

Know-how Insights

The inkjet printing phase held the biggest market share of 48.4% in 2023 within the goal market. Inkjet printing expertise is very versatile and versatile, able to printing on all kinds of substrates, together with paper, plastic, material, glass, and steel. This adaptability makes inkjet printers appropriate for quite a few purposes throughout totally different industries, from packaging to promoting and industrial printing. The flexibility to deal with numerous supplies permits companies to fulfill varied printing wants with a single expertise, driving widespread adoption and dominance of inkjet printing.

The laser printing phase is anticipated to register the quickest CAGR of seven.2% over the forecast interval. Laser printers are widely known for his or her cost-effectiveness, significantly by way of decrease price per web page in comparison with various printing applied sciences corresponding to inkjet printers. This price effectivity makes laser printing extremely enticing to companies and people alike, particularly for these enterprises/companies who need to cater to and fulfill high-volume order prints utilizing digital expertise. The flexibility to cut back operational bills whereas sustaining high quality output has pushed vital adoption throughout varied sectors.

Ink Insights

The solvent-based ink phase held the biggest market share of 38.2% in 2023. One key issue contributing to the phase’s massive market share is its sturdy efficiency in outside and industrial settings. Solvent-based inks can stand up to environmental challenges corresponding to weathering, UV publicity, and abrasion, making certain long-lasting and vibrant prints. This sturdiness makes them interesting for purposes requiring excessive resilience and longevity, the place different inks won’t carry out as successfully.

The UV-curable ink phase is anticipated to witness the quickest CAGR over the forecast interval. One of many main advantages is their prompt drying functionality, achieved via a course of the place ultraviolet (UV) gentle quickly cures the ink upon publicity. This instantaneous curing eliminates the necessity for prolonged drying instances, permitting printed supplies to maneuver shortly via manufacturing and decreasing turnaround instances considerably. Along with fast-drying, UV-curable inks supply distinctive adhesion properties. When uncovered to UV gentle, the ink undergoes a chemical response that bonds it tightly to the substrate floor. This leads to prints that adhere securely to numerous supplies corresponding to plastics, glass, metals, and coated papers.

Substrate Insights

The paper phase dominated the market with a income share of 36.2% in 2023. Paper is a extremely versatile substrate, appropriate for a big selection of purposes, together with books, brochures, advertising supplies, and packaging. Its adaptability makes it a most popular alternative throughout varied industries. Moreover, paper is usually cheaper in comparison with different printing substrates, which reduces manufacturing prices and makes it a cheap choice for each small and huge print runs.

The material phase is anticipated to register the very best CAGR over the forecast interval within the goal market. There’s an rising client choice for custom-made and customized merchandise. Digital printing permits excessive ranges of customization with fast turnaround instances, making it very best for vogue and residential décor gadgets. Know-how development within the goal market has additionally considerably enhanced the standard of prints on material. Excessive-resolution solvent-based ink and vibrant colours are actually achievable, assembly the excessive requirements of the style and inside design industries.

Utility Insights

The packaging phase held the very best market share of 51.7% in 2023. The rising client demand for customized and customised merchandise has considerably influenced the packaging phase. Digital printing expertise permits manufacturers to supply tailor-made packaging designs that improve client engagement and construct model loyalty. Moreover, the exponential development of e-commerce has been a significant driver for the packaging phase. As on-line retail continues to develop, the demand for distinctive and visually interesting packaging has surged.

The textiles phase is anticipated to register a major CAGR over the forecast interval. The quick vogue trade, characterised by its fast turnaround of recent kinds, advantages considerably from digital printing. Conventional textile printing strategies, corresponding to display printing, require lengthy setup instances and are much less versatile by way of design adjustments. Digital printing, then again, permits for speedy prototyping and manufacturing, considerably decreasing the time-to-market. This effectivity helps vogue manufacturers sustain with the newest tendencies and calls for, giving them a aggressive edge.

Regional Insights

The market in North America held the very best market share of 34.6% in 2023. North America is dwelling to a number of main digital printing corporations and expertise suppliers. Firms corresponding to HP Inc. and Xerox Company play an important position in driving the market. Their in depth analysis and growth efforts, coupled with sturdy distribution networks, have strengthened the market’s infrastructure.

U.S. Digital Printing Market Tendencies

The sturdy financial setting within the U.S. helps the expansion of the goal market. Excessive disposable incomes and a positive enterprise local weather encourage funding in superior digital printing applied sciences. Firms are prepared to spend money on state-of-the-art gear to boost their manufacturing capabilities and meet market calls for, additional driving the market’s growth.

Asia Pacific Digital Printing Market Tendencies

The Asia Pacific market is projected to develop on the quickest fee, with an estimated CAGR of seven.3% over the forecast interval. The area is experiencing speedy technological developments and elevated adoption of digital printing applied sciences. Nations like China, Japan, and India are on the forefront, investing in superior printing options to fulfill the rising demand for high-quality, environment friendly, and customizable printing providers. Moreover, Governments within the area are investing in digital infrastructure and inspiring the adoption of superior manufacturing applied sciences. Initiatives to advertise digitalization and sensible manufacturing are creating a positive setting for the expansion of the goal market.

China digital printing market held the biggest share of 41.6% in 2023. China’s in depth manufacturing base helps the goal market. The nation is dwelling to quite a few digital printing gear producers, which facilitates easy accessibility to the newest expertise and reduces manufacturing prices. This manufacturing power permits China to provide each home and worldwide markets successfully.

Europe Digital Printing Market Tendencies

The demand for digital printing in Europe is experiencing vital development, pushed by a number of key components. One of many main drivers is the continent’s emphasis on sustainability and environmental accountability. Conventional printing strategies typically contain extra waste and use of dangerous chemical compounds in comparison with digital alternate options, making digital printing a beautiful alternative for companies aiming to cut back their ecological footprint. This shift aligns with Europe’s stringent environmental laws and rising client choice for eco-friendly merchandise and practices.

UK digital printing market is witnessing vital developments. The nation’s vibrant inventive industries, together with design, vogue, and publishing, have embraced digital printing to innovate and differentiate their choices. The pliability of digital printing permits designers and types to experiment with new ideas, produce restricted editions, and supply bespoke merchandise catering to area of interest markets and discerning customers.

Key Digital Printing Firm Insights

A number of the key corporations working out there embrace HP Inc. and Canon, Inc. amongst others.

• HP Inc. is a multinational expertise firm headquartered in California, U.S. The corporate operates via its three segments, specifically, private programs, printing, and company investments. The printing phase gives client and business printer {hardware}, provides, providers, and options. This phase can be centered on graphics 3D, printing, and personalization within the business and industrial markets. The corporate’s long-term technique focuses on offering digital printing options for industrial graphics segments and purposes, together with business labels, publishing, textiles, and packaging. HP Inc. has product growth and manufacturing amenities in North America, Europe, the Center East & Africa, and Asia Pacific.

• Canon Inc., headquartered in Tokyo, Japan, is among the international leaders in imaging and optical merchandise, together with cameras, camcorders, printers, and workplace gear. The corporate’s printing group consists of workplace (workplace multifunctional units) MFDs, inkjet printers, laser printers, and business and industrial printers. A number of the corporations printing merchandise embrace digital steady feed presses, inkjet printers, laser printers, digital sheet-fed presses, laser multifunctional printers (MFPs), and amongst others. The corporate serves its prospects globally with places of work in North America, Europe, the Center East & Africa, Asia Pacific, and Latin America.

The Roland DG Company and Ricoh Firm, Ltd are a few of the rising market corporations within the goal market.

• Roland DG Company is among the rising producers of digital imaging units, together with wide-format inkjet printers, UV printers, vinyl cutters, and milling machines. Roland DG gives a wide range of inkjet printers designed for purposes corresponding to signage, banners, posters, and automobile wraps. Their printers make the most of eco-solvent, UV, and dye-sublimation ink applied sciences, catering to totally different substrates and print necessities. The corporate serves a world buyer base throughout varied industries, together with sign-making, attire ornament, automobile customization, packaging, and industrial prototyping.

• Ricoh Firm, Ltd. is a multinational imaging and electronics firm primarily based in Tokyo, Japan. Ricoh is globally acknowledged for its workplace gear and options, together with multifunction printers (MFPs), copiers, scanners, and doc administration software program. The corporate gives a spread of digital manufacturing printers and presses that cater to business printers, print service suppliers, and in-plant printing operations. Their digital printing options embrace high-speed inkjet printers and digital presses able to dealing with varied substrates and purposes. The corporate operates in over 200 nations and areas worldwide, serving a various buyer base starting from small companies to massive enterprises and governmental organizations.

Latest Developments

• In March 2024, HP Inc. (HP Improvement Firm, L.P.) launched the newest lineup of HP digital printing presses and clever options together with HP Indigo 120k digital press. The HP Indigo 120K Digital Press is a complicated digital printing resolution designed for high-demand business printing environments, it will possibly print as much as 4,600 B2 sheets per hour. The press incorporates the liquid electrophotography prolonged (LEPx) expertise, which units a brand new commonplace for high-volume manufacturing, automation, and ease of use.

• In March 2024, Mimaki Engineering Co., Ltd. introduced the launch of TRAPIS, an environmentally next-generation textile printing system. The TRAPIS system makes use of a warmth switch machine to switch a design printed on particular paper onto material, leading to a textile printing course of that generates minimal wastewater. This methodology ensures the environment friendly switch of the design with out the necessity for extreme water utilization or wastage.

• In September 2023, Ricoh Firm, Ltd. introduced the launch of Ricoh’s newest manufacturing printer, the RICOH Professional C7500. The RICOH Professional C7500 is designed to supply high-quality printing by incorporating improved paper transportation, toner switch capabilities, and expanded media help. Its new management system reduces handbook workloads and streamlines operations, enhancing effectivity and supporting enterprise development. These enhanced options, together with help for brand new peripherals, facilitate the transition to digital printing within the business printing market.

• In September 2023, DUST GROUP AG introduced that it had acquired Aleph SrL, a supplier of sustainable digital options for textiles, together with inside and exterior decorations. This strategic transfer additional enhances DUST GROUP AG’s place in water-based and sustainable printing applied sciences. DUST GROUP AG’s give attention to sustainability aligns with the rising market pattern in direction of eco-friendly ink programs and built-in software program options. The acquisition of Aleph SrL permits Durst Group to optimize the merging of high-performance printing programs with sustainable printing applied sciences.

Digital Printing Market Report Scope

International Digital Printing Market Report Segmentation

This report forecasts income development at international, regional, and nation ranges and gives an evaluation of the newest trade tendencies in every of the sub-segments from 2017 to 2030. For this research, Grand View Analysis has segmented the worldwide digital printing market report primarily based on expertise, ink, substrate, software, and area:

• Know-how Outlook (Income, USD Million, 2017 – 2030)

• Ink Outlook (Income, USD Million, 2017 – 2030)

  • Solvent-Primarily based Ink

  • UV-Curable Ink

  • Aqueous Ink

  • Latex Ink

  • Others

• Substrate Outlook (Income, USD Million, 2017 – 2030)

  • Paper

  • Plastic

  • Material

  • Glass & Steel

  • Others

• Utility Outlook (Income, USD Million, 2017 – 2030)

  • Packaging

  • Promoting

  • Publishing

  • Textiles

• Regional Outlook (Income, USD Million, 2017 – 2030)