Digital Printing Market Size (2024 - 2029)

Digital Printing Market Analysis

The Digital Printing Market size is estimated at USD 33.43 billion in 2024, and is expected to reach USD 45.93 billion by 2029, growing at a CAGR of 6.36% during the forecast period (2024-2029).

Digital printing is a process of printing using technologies onto various media substrates. Digital printing is more accurate and cost-effective than conventional printing processes. The need for high-quality, cost-effective graphics and environmental sustainability is anticipated to drive awareness toward digital printing.

• Significant improvements in print manufacturing include efficiency, with just-in-time production and a growing focus on supply chain management, which have reduced wastage in the print market. Technological developments aiding digital printing have guaranteed waste minimization, keeping the print quality at par.
• Advanced digital printing technology includes mild solvents and less harmful chemicals than conventional printing technologies, such as solid ink printing and offset printing. Hence, the demand for digital printing solutions is increasing in the printed electronics market, increasing the focus on green printing and cost-effective production.
• Commercial printing is witnessing transitional and structural changes as a significant application, as the immediate transition from conventional methods of print to digital is challenging. The printing cost is expected to take a toll since it is still a niche method requiring print of shorter/customized batches.
• Moreover, with the rise of retail businesses such as supermarkets, hypermarkets, and e-commerce, there is an increasing demand for personalized and customized printed products. Digital printing technology allows firms to produce small batches or even individualized items cost-effectively, catering to niche markets and customized customer choices.
• The latest advancements, such as AI, machine learning, IoT, and data analytics, have personalized offerings to a significant extent. The convergence in digital printing enables superiority in print personalization for large-volume orders. However, the cost factor remains a big hurdle. Additionally, high-priced investments for inks or equipment, maintenance, installation fees, and other consumables might limit the market's growth.

Digital Printing Industry Segmentation

Digital printing is a process that incorporates on-demand, high-quality print. It represents a modern production technique that enables printing from electronic files. Furthermore, it does not need a printing plate, unlike the more conventional offset printing. The study tracks the revenue accrued from the various digital printing processes that are being used across various applications. Also, the revenue accrued from the digital printing vendors has been considered.

The Digital Printing Market is Segmented by Printing Process (Electrophotography and Inkjet), Application (Books, Commercial Printing, and Packaging [Labels, Corrugated Packaging, Cartons, Flexible Packaging, Rigid Plastic Packaging, and Metal Packaging]), and Geography (North America [United States and Canada], Europe [Germany, United Kingdom, France, Netherlands, Poland, and Rest of Europe], Asia-Pacific [China, India, Japan, and Rest of Asia-Pacific], Latin America [Brazil, Mexico, and Rest of Latin America], and Middle East and Africa [United Arab Emirates, Saudi Arabia, Egypt, South Africa, and Rest of Middle East and Africa]). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.