Digital Printing Market
Digital Printing Market Size, Share & Trends Analysis Report by Type (Inkjet and Laser), by Ink Type (Aqueous Ink, UV-Cured Ink, Solvent Ink, Latex Ink, Dye Sublimation Ink, and Others), and by Application (Plastic Films or Foils, Release Liner, Glass, Textile, Paper, Ceramic, and Others), Forecast Period (2023-2030)
Digital printing market is anticipated to grow at a CAGR of 6.8% during the forecast period. Commercial printing is undergoing significant structural and transitional changes as a result of the difficult shift from traditional print technologies to digital. The cost of printing is anticipated to rise because the technology is still specialized and calls for printing in smaller or customized batches. To strengthen their market position and increase their global footprint, various businesses have been investing in a variety of solutions, expansion initiatives, partnerships, and collaborative projects. For instance, the PRISMAcolor Manager solution was introduced by Canon USA, Inc., a provider of digital imaging solutions, in April 2022. Users that are utilizing compatible printers can use the solution to help them assess and monitor print quality. it Also, displays to consumers how their internal printing or one of the recognized commercial industries stacks up against their printed color. Through the cloud-based solution, it is easy to deploy and allows users to track and compare results over time.
• In September 2022, Westrock Company acquired the HP PageWide T1190 inkjet digital press. The digital press will complement the company’s existing offset litho, flexo preprint, flexo direct print, and sheet-fed digital printing operations across its corrugated box plants and specialty facilities.
• In February 2022, Smurfit Kappa completed a significant investment in its new Design2Market Factory unique facility, creating a fast and seamless development process from packaging design, which includes a digital printer and dies cutter, provides rapid prototyping for pilot production, industry-leading packaging performance analysis, and field lab facilities under one roof.
Segmental Outlook
The global digital printing market is segmented based on type, ink type, and application. Based on the type, the market is segmented into Inkjet and Laser. Based on the ink type, the market is sub-segmented into aqueous ink, UV-cured ink, solvent ink, latex ink, dye sublimation ink, and others. Further, based on application, the market is segmented into plastic films or foils, release liners, glass, textile, paper, ceramic, and others. Among the type segment, the inkjet sub-segment is expected to hold a considerable share of the market owing to the inkjet printer being highly regarded in situations where high-quality print is required and ease of use is a main factor because it tends to be more economical than laser printers. The area of use for inkjet printing technology is changing dramatically as a result of new developments in the design and production of industrial inkjet heads for micro-printing.
The UV-Cured Ink Sub-Segment is Anticipated to Hold a Prominent Share of the Global Digital Printing Market
An ink that cures when exposed to UV light is known as UV ink. The majority of the vehicles in these inks consist of monomers and initiators. The ink is applied to a surface and then exposed to UV light, which causes the release of highly reactive atoms from the initiators, causing the monomers to swiftly polymerize and the ink to solidify into a film. Nearly all the ink is used to create the film as UV curing does not require sections of the ink to evaporate or be removed. The total amount of ink used has decreased, lowering the cost of printing. Environmental friendliness is also another benefit of UV inks. Recent development take place in May 2022, HP Development Company, L.P. launched two new digital press platforms, HP Indigo 100K Digital Press and HP Indigo 15K Digital Press, at Print Pack India 2022. The HP Indigo 100K Digital Press shortens turnaround times, boosts automation in printing, and lowers plate, labor, and handling costs for printers who produce a medium to a high volume of short runs. With extra possibilities up to 600 microns, FM screens, and a greater variety of substrates, the HP Indigo 15K Digital Press is outfitted (24 pt.).
Regional Outlook
The global digital printing market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Europe regional market is expected to cater to prominent growth over the forecast period due to the rising adoption of digital printing by the packaging and textile industry. Various product launches, marketing campaigns, and conferences are propagating information about the development of new products and technologies. On January 2022, Smurfit Kappa Group announced a $33 billion investment in Brazil to expand the capacity of its Fortaleza factory to fulfill the growing demand for innovative and sustainable packaging. To ensure the high degree of precision and quality required for e-Commerce packaging, the company installed multiple high-end printers at the beginning of 2023.
Global Digital Printing Market Growth, by Region 2023-2030
The Asia-Pacific Region is Expected to Hold a Prominent Share of the Global Digital Printing Market
The market in the Asia-Pacific is estimated to witness a prominent share over the forecast period on the back of the increasing penetration of digital platforms solutions and end-to-end digitized value creation chains, and the growing adoption of e-commerce in the region. According to the Indian Brand Equity Foundation (IBEF), the Indian e-commerce sector is projected to grow from 4% of the total food and grocery, apparel, and consumer electronics retail trade in 2020 to 8% by the end of 2025. The Asia-Pacific market is expected to hold a considerable share of the market owing to the rising demand for digital printing from multiple industry such as glass, textile, paper, ceramic, and others . New data-driven business models, digital platform solutions, and end-to-end digitized value creation chains are attracting the Chinese printing industry's attention. Due to the widespread acceptance of digital printing, local designers now have online access to over 12,000 carton folding designs. Since there are fewer steps in the printing process, businesses are buying digital presses. As a result, the companies will be able to enhance their production capacity by delivering the completed product quickly. For instance, in October 2021, Tomato Cloud Technology Co., Ltd, a Chinese printing company, ordered 10 new Fujifilm Jet Press 750S digital inkjet machines. The company now has four Jet Press 750S presses on-site, and with another 10 on the way within 2022, it will be one of Jet Press' major clients by the end of 2022.
Market Players Outlook
The major companies serving the global digital printing market include Canon, Inc., Mimaki Engineering Co., Ltd., Roland DG Corp., Xerox Corp., Seiko Epson Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2022, Westrock Company acquired the HP PageWide T1190 inkjet digital press. The digital press will complement the company’s existing offset litho, flexo preprint, flexo direct print, and sheet-fed digital printing operations across its corrugated box plants and specialty facilities.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital printing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. HP Development Company, L.P.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Seiko Epson Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Ricoh Company
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Roland DG Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. ARC Document Solutions LLC.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Digital Printing Market by Type
4.1.1. Inkjet
4.1.2. Laser
4.2. Global Digital Printing Market by Ink Type
4.2.1. Aqueous Ink
4.2.2. UV-Cured Ink
4.2.3. Solvent Ink
4.2.4. Latex Ink
4.2.5. Dye Sublimation Ink
4.2.6. Others
4.3. Global Digital Printing Market by Application
4.3.1. Plastic Films or Foils
4.3.2. Fabric
4.3.3. Glass
4.3.4. Paper/Books
4.3.5. Ceramic
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Brother Industries, Ltd.
6.2. Canon Inc.
6.3. Durst Phototechnik AG
6.4. DIC Corporation
6.5. Electronics for Imaging, Inc.
6.6. Hewlett Packard Enterprise
6.7. Inca Digital Printers Ltd.
6.8. Konica Minolta
6.9. Kyocera Corporation
6.10. Mimaki Engineering Co. Ltd.
6.11. Oki Electric Industry
6.12. Panasonic Life Solutions India Private Ltd.
6.13. Printronix
6.14. Ricoh Company, Ltd.
6.15. Roland DG Corp.
6.16. Sakata Inx Corp.
6.17. Samsung Electronics
6.18. Seiko Epson Corp.
6.19. Sharp Corp.
6.20. Toshiba Co. Ltd.
6.21. Xerox Corp.
1. GLOBAL DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
2. GLOBAL DIGITAL PRINTING BY INKJET MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
3. GLOBAL DIGITAL PRINTING BY LASER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
4. GLOBAL DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY INK TYPE, 2023-2030 ($ MILLION)
5. GLOBAL DIGITAL PRINTING BY AQUEOUS INK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
6. GLOBAL DIGITAL PRINTING BY UV-CURED MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
7. GLOBAL DIGITAL PRINTING BY SOLVENT INK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
8. GLOBAL DIGITAL PRINTING BY LATEX INK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
9. GLOBAL DIGITAL PRINTING BY DYE SUBLIMATION INK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
10. GLOBAL DIGITAL PRINTING BY OTHER INK TYPE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
11. GLOBAL DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
12. GLOBAL DIGITAL PRINTING FOR PLASTIC FILMS OR FOILS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
13. GLOBAL DIGITAL PRINTING FOR RELEASE LINER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
14. GLOBAL DIGITAL PRINTING FOR GLASS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
15. GLOBAL DIGITAL PRINTING FOR TEXTILE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
16. GLOBAL DIGITAL PRINTING FOR PAPER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
17. GLOBAL DIGITAL PRINTING FOR CERAMIC MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
18. GLOBAL DIGITAL PRINTING FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
19. GLOBAL DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
20. NORTH AMERICAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
21. NORTH AMERICAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
22. NORTH AMERICAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY INK TYPE, 2023-2030 ($ MILLION)
23. NORTH AMERICAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
24. EUROPEAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
25. EUROPEAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
26. EUROPEAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY INK TYPE, 2023-2030 ($ MILLION)
27. EUROPEAN DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
28. ASIA-PACIFIC DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
29. ASIA-PACIFIC DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
30. ASIA-PACIFIC DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY INK TYPE, 2023-2030 ($ MILLION)
31. ASIA-PACIFIC DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
32. REST OF THE WORLD DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
33. REST OF THE WORLD DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
34. REST OF THE WORLD DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY INK TYPE, 2023-2030 ($ MILLION)
35. REST OF THE WORLD DIGITAL PRINTING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
1. GLOBAL DIGITAL PRINTING MARKET SHARE BY TYPE, 2023-2030 ($ MILLION)
2. GLOBAL DIGITAL PRINTING BY INKJET MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
3. GLOBAL DIGITAL PRINTING BY LASER MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
4. GLOBAL DIGITAL PRINTING MARKET SHARE BY INK TYPE, 2023-2030 ($ MILLION)
5. GLOBAL DIGITAL PRINTING BY AQUEOUS INK MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
6. GLOBAL INK DIGITAL PRINTING BY UV-CURED MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
7. GLOBAL DIGITAL PRINTING BY SOLVENT INK MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
8. GLOBAL DIGITAL PRINTING BY LATEX INK MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
9. GLOBAL DIGITAL PRINTING BY DYE SUBLIMATION INK MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
10. GLOBAL DIGITAL PRINTING BY OTHER MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
11. GLOBAL DIGITAL PRINTING MARKET SHARE BY APPLICATION, 2023-2030 ($ MILLION)
12. GLOBAL DIGITAL PRINTING FOR PLASTIC FILMS OR FOILS MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
13. GLOBAL DIGITAL PRINTING FOR RELEASE LINER MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
14. GLOBAL DIGITAL PRINTING FOR GLASS MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
15. GLOBAL DIGITAL PRINTING FOR TEXTILE MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
16. GLOBAL DIGITAL PRINTING FOR PAPER MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
17. GLOBAL DIGITAL PRINTING FOR CERAMIC MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
18. GLOBAL DIGITAL PRINTING FOR OTHER APPLICATIONS MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
19. GLOBAL DIGITAL PRINTING MARKET SHARE BY REGION, 2023-2030 ($ MILLION)
20. GLOBAL DIGITAL PRINTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. US DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
22. CANADA DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
23. UK DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
24. FRANCE DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
25. GERMANY DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
26. ITALY DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
27. SPAIN DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
28. REST OF EUROPE DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
29. INDIA DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
30. CHINA DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
31. JAPAN DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
32. SOUTH KOREA DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
33. REST OF ASIA-PACIFIC DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
34. REST OF THE WORLD DIGITAL PRINTING MARKET SIZE, 2023-2030 ($ MILLION)
