Commercial Printing Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.91 Trillion |
| Market Size (2029) | USD 1.02 Trillion |
| CAGR (2024 - 2029) | 2.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Commercial Printing Market Analysis
The Commercial Printing Market size is estimated at USD 0.91 trillion in 2024, and is expected to reach USD 1.02 trillion by 2029, growing at a CAGR of 2.38% during the forecast period (2024-2029).
The commercial printing industry is transforming, primarily driven by the rapid rise of the internet and mobile connectivity. This shift is reshaping how businesses and individuals communicate and access information. Consequently, companies are focusing on producing more targeted and frequent print materials, especially in sectors where consumers are highly engaged.
• Print advertising, a cornerstone of commercial printing, is pivotal for businesses, especially in the retail sector, looking to engage their target markets comprehensively. Print ads offer a unique advantage: they stay in circulation as long as the publication does, potentially promoting a product for months or even years. This longevity, coupled with its effectiveness, is fueling a rising demand for print-based advertising.
• The commercial printing sector is witnessing a significant shift, gradually transitioning toward sustainable practices. Printing industries are increasingly prioritizing environmental concerns, leading to the adoption of various eco-friendly initiatives.
• Moreover, with a growing emphasis on sustainability, businesses are increasingly turning to commercial inkjet products. These products consume less power and emit less carbon dioxide, resulting in cleaner air due to the absence of toner dust emissions. Many companies are investing in inkjet printers to enhance their offerings and personalize packaging, assist clients in brand promotion, and cater to the seasonality of demand.
• The printing industry, historically reliant on labor, has witnessed a shift. Advancements in machinery design, digitalization, and computerization have boosted productivity, decoupling growth from direct labor. However, escalating raw material costs are constraining many market players. These materials encompass paper, inks, and various chemicals.
• According to Zenith, global advertising spending experienced a significant setback in 2020, with a 4% decline, primarily attributed to the COVID-19 pandemic. However, as industries like packaging, publishing, and advertising expanded in the post-pandemic era, ad spending rebounded notably in the subsequent year. Projections suggest that by 2024, the industry is poised to witness a resurgence, with expenditure growth expected to reach approximately 7.6%.
Commercial Printing Market Trends
Retractable Safety Syringes Segment Expected to Witness Significant Growth During the Forecast Period
- Technological advancements in printing have revolutionized both the aesthetic and practical aspects of packaging. Current trends in packaging underscore a rapid embrace of digital printing, integration of smart technologies, and the utilization of advanced printing techniques. These advancements enhance the visual appeal and functionality of packaging and play a key role in achieving sustainability objectives, which align with the industry's broader push for eco-friendliness.
- Commercial printing is continuously evolving and driven by technological advancements and changing customer preferences. As brand differentiation with eye-catching and informative packaging becomes essential for brands to stand out on store shelves, commercials have significantly grown to create visually appealing designs.
- With a rise in digital information delivery, commercial printers have been imbibing digital technologies to enhance packaging print quality. Quick response (QR) codes have become a basic/mainstream print on product packaging that can be scanned with a smartphone for additional data display, such as product info and promotional content, to name a few.
- The demand for printing on packaging and labels for pharmaceuticals, tobacco, and alcoholic beverages is rapidly surging. This rise is driven by the need for companies to adhere to continuously evolving government regulations and combat counterfeiting.
- Increased cooperation among the convertors and retailers surrounding packaging has led to the development of innovative ways of enticing customers. Online shopping and curating personalized experiences have further aided the market for commercial printing in the packaging domain. For instance, according to MOFCOM China, the retail sales volume of the online shopping market was CNY 15.3 trillion (USD 2.13 trillion). Owing to this, many packaging companies are investing in commercial printing solutions, thus boosting the market's growth.
North America Expected to Hold Significant Market Share During the Forecast Period
- The Asia-Pacific region, notably countries like China, India, and several Southeast Asian nations, has experienced rapid economic growth; for instance, according to estimates from the Statistics Ministry, India's GDP expanded by 8.4% in the third quarter of FY24. This represents a substantial increase from the 4.3% growth recorded in the same quarter of FY23. The Ministry of Finance reported a 7.6% growth in real GDP for FY24. Strong residential demand drove the construction sector to double-digit growth in FY24. Additionally, the manufacturing and service sectors also experienced growth in Q3.
- This upsurge has propelled industries heavily reliant on printed materials, such as retail, advertising, education, and manufacturing. Expanding businesses come with heightened marketing collateral, packaging, and documentation needs, directly boosting the commercial printing sector.
- The economic development in these countries has led to increased consumer spending, which in turn drives demand for printed products. Retailers require more packaging and labels, advertisers need more promotional materials, educational institutions demand more textbooks and learning aids, and manufacturers need more documentation and product labels. This interconnected growth across various sectors underscores the importance of the commercial printing market in supporting economic activities.
- Technological innovation, especially in digital printing, has driven growth in the printing industry. Digital printing, known for its superior quality, efficiency, and customization, allows for shorter print runs, faster turnarounds, and personalized content. These features appeal to businesses of all sizes.
- Consequently, this technological shift not only enhances the operational capabilities of printing companies but also expands their customer base as more businesses seek these advanced services. Many key players are launching new products and forming strategic partnerships and regional expansions to broaden their portfolios, further adding value to the commercial printing market in the Asia-Pacific region.
Commercial Printing Industry Overview
The commercial printing market is fragmented due to the presence of many global and regional players. Considering the homogenous nature of market products, many firms operating in the market are further being driven to compete on price. Some of the players are ACME Printing, Cenveo Worldwide Limited, R.R. Donnelley & Sons Company, Vistaprint (CIMPRESS PLC), and Toppan Co. Ltd (Toppan Inc.).
• March 2024 - R.R. Donnelley & Sons Company finalized an agreement to acquire digital and print marketing assets from Vericast Corp. These assets include digital marketing solutions such as display advertising, contextual targeting, connected TV, dynamic mobile services, digital out-of-home advertising, social media marketing, email campaigns, local search services, and zero-party data capture. The acquisition also covers Vericast's print marketing division, featuring shared mail services and a coupon-clearing business in both digital and print formats.
• January 2024 - Konica Minolta Business Solutions (UK) bolstered its collaboration with Production Print Direct, a key player in equipment, software, and services for the commercial print market. This expanded partnership now encompasses Konica Minolta's digital label and packaging presses. The move comes as commercial printers increasingly seek to broaden and elevate their service portfolios.
Commercial Printing Market Leaders
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ACME Printing
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Cenveo Worldwide Limited
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R.R. Donnelley & Sons Company
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Vistaprint (CIMPRESS PLC)
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Toppan Co. Ltd (Toppan Inc.)
*Disclaimer: Major Players sorted in no particular order
Commercial Printing Market News
- January 2024 - Agfa and EFI proudly announced that they entered a global strategic partnership to leverage each other's cutting-edge technologies. The collaboration between two industry leaders marked a significant milestone in the wide-format inkjet printing arena. Within the partnership framework, Agfa will integrate EFI's roll-to-roll system into its offerings, while EFI will incorporate Agfa's high-end hybrid inkjet printers into its suite of solutions.
- October 2023 - Kodi Collective revealed that it had added LSC Print Solutions' long-run offset print facility in Maple Grove, MN, to its array of print services. This move expands Kodi Collective's offerings to include long-run offset print, complementing its short- and medium-run offset print, digital print, marketing procurement, and creative production services.
Commercial Printing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Demand for Promotional Materials from the Retail, Food, and Beverage Industries
5.1.2 Introduction of Eco-friendly Practices
5.2 Market Restraints
5.2.1 Increase in Digitization and Rising Dependence on Feedstock Prices
5.3 Market Opportunities
5.3.1 Incorporation of Digital TIE-INS (such as QR Code. AI, URL)
6. MARKET SEGMENTATION
6.1 By Printing Type
6.1.1 Offset Lithography
6.1.2 Inkjet
6.1.3 Flexographic
6.1.4 Screen
6.1.5 Gravure
6.1.6 Other Printing Types
6.2 By Application
6.2.1 Packaging
6.2.2 Advertising
6.2.3 Publishing
6.2.3.1 Books
6.2.3.2 Magazines
6.2.3.3 Newspapers
6.2.3.4 Other Publishing
6.2.4 Other Applications
6.3 By Geography***
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 ACME Printing
7.1.2 Cenveo Worldwide Limited
7.1.3 R.R. Donnelley & Sons Company
7.1.4 Vistaprint (CIMPRESS PLC)
7.1.5 Toppan Co. Ltd (Toppan Inc.)
7.1.6 Transcontinental Inc.
7.1.7 LSC Communications US LLC
8. INVESTMENT ANALYSIS
9. MARKET OUTLOOK
10. IMPACT OF TECHNOLOGY IN THE COMMERCIAL PRINTING ECOSYSTEM
Commercial Printing Industry Segmnentation
Commercial printing refers to producing printed materials on a large scale for commercial use. This type of printing encompasses a wide range of products and services, typically used for advertising, marketing, and communication purposes. Commercial printing is vital in various industries, as it provides standard-quality printed materials that support marketing efforts, enhance brand identity, and facilitate effective communication.
The commercial printing market is segmented by printing type (offset lithography, inkjet, flexographic, screen, gravure, and other printing types), application (packaging, advertising, and publishing (books, magazines, newspapers, and other publishing)), and geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Printing Type | |
| Offset Lithography | |
| Inkjet | |
| Flexographic | |
| Screen | |
| Gravure | |
| Other Printing Types |
| By Application | ||||||
| Packaging | ||||||
| Advertising | ||||||
| ||||||
| Other Applications |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Commercial Printing Market Research FAQs
How big is the Commercial Printing Market?
The Commercial Printing Market size is expected to reach USD 0.91 trillion in 2024 and grow at a CAGR of 2.38% to reach USD 1.02 trillion by 2029.
What is the current Commercial Printing Market size?
In 2024, the Commercial Printing Market size is expected to reach USD 0.91 trillion.
Who are the key players in Commercial Printing Market?
ACME Printing, Cenveo Worldwide Limited, R.R. Donnelley & Sons Company, Vistaprint (CIMPRESS PLC) and Toppan Co. Ltd (Toppan Inc.) are the major companies operating in the Commercial Printing Market.
Which is the fastest growing region in Commercial Printing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Commercial Printing Market?
In 2024, the Asia Pacific accounts for the largest market share in Commercial Printing Market.
What years does this Commercial Printing Market cover, and what was the market size in 2023?
In 2023, the Commercial Printing Market size was estimated at USD 0.89 trillion. The report covers the Commercial Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What future developments are expected in the Commercial Printing Market?
The major developments shaping the future of the Commercial Printing Market are: a) Advancements in printing technology b) Increased focus on sustainability, Eco-friendly Practices c) Increased Demand for Promotional Materials from the Retail, Food, and Beverage Industries
What future developments are expected in the Commercial Printing Market?
The major developments shaping the future of the Commercial Printing Market are: a) Advancements in printing technology b) Increased focus on sustainability, Eco-friendly Practices c) Increased Demand for Promotional Materials from the Retail, Food, and Beverage Industries
Commercial Printing Industry Report
The global commercial printing market is experiencing significant growth, driven by the demand for advertising materials and the rise of print-on-demand services. Industry trends indicate that advancements in digital printing technology are enhancing cost-effectiveness and efficiency, particularly in bulk operations. The e-commerce sector's need for innovative packaging solutions is boosting the market, with a significant revenue share coming from printing on labels, tags, and flexible packaging.
Despite challenges such as rising input costs and the growth of digital media, the market's potential in green printing and customization services remains strong. The industry overview reveals a highly fragmented landscape, with commercial printing companies specializing in diverse niches to meet specific demands, fostering competition and innovation. These companies are adapting by prioritizing sustainability, technological advancements, and strategic partnerships to navigate consumer and industry shifts.
Market analysis shows that with a focus on dynamic market conditions, commercial printing companies are poised for continued growth. The industry outlook is positive, offering a wide range of printing options and competitive pricing. Industry statistics highlight the importance of sustainability and customization in driving market growth. The market forecast suggests that the industry will continue to thrive, supported by advancements in technology and the ongoing demand for printed materials.
In terms of market segmentation, the global market is divided by printing type, application, and geography. The industry research indicates that North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are key regions contributing to the market's expansion. Market leaders are leveraging industry information to stay ahead of the competition, focusing on innovative solutions and customer-centric services.
The market review underscores the significance of industry reports in providing comprehensive insights into market size, value, and trends. Industry sales data and market predictions further support the positive outlook for the commercial printing market. As the industry continues to evolve, companies are expected to invest in new technologies and sustainable practices to maintain their competitive edge.
For a detailed analysis, including market share, size, revenue growth, and forecasts, Mordor Intelligence™ offers a comprehensive report, available as a free PDF download. This report example provides valuable industry information, helping stakeholders make informed decisions based on market data and industry statistics. The industry forecast remains optimistic, with continued growth anticipated in the coming years.
Commercial Printing Market Report Snapshots
