Mexico Commercial Printing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.06 Billion |
| Market Size (2029) | USD 4.52 Billion |
| CAGR (2024 - 2029) | 2.16 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Commercial Printing Market Analysis
The Mexico Commercial Printing Market size is estimated at USD 4.06 billion in 2024, and is expected to reach USD 4.52 billion by 2029, growing at a CAGR of 2.16% during the forecast period (2024-2029).
The growing need for businesses and facilities for promotional materials such as brochures and booklets has increased the demand for commercial printing services. Increased technology penetration, such as faster presses and new ink and toner technologies, will increase production capacity and improve quality. In addition, technological developments in printing technology have proven cost-effective and efficient in high-volume printing.
- Industrial printers are gaining business favor for their cost-effectiveness and efficiency, especially in high-volume printing. The rise in demand for high-quality printed packaging, crucial for advertising and branding, is another key driver of this trend.
- Commercial printing is driven majorly by several promotional activities, such as print advertising. Retail firms that understand their target markets include print advertising as a marketing strategy.
- While modern retailers and global brands like Starbucks are expanding, luring customers with innovative lifestyle marketing, traditional retail markets, and supply hubs, deeply ingrained in Mexican consumer culture, continue to thrive. Economic recovery, rising purchasing power, a burgeoning middle class with higher disposable incomes, and enhanced accessibility propel Mexico's retail sector. As the retail landscape flourishes, it's poised further to bolster the nation's commercial printing market.
- With the rise in global awareness for eco-friendly packaging, packaging manufacturers across the country are also gravitating towards environmentally friendly products. The sustainable aspect of digital printing is mainly responsible for the driving demand.
- Mechanical design, digitization, and computerization have contributed significantly to increasing productivity and transforming this industry, removing the ability to grow directly from labor. However, rising raw material costs in the procurement process limit some market participants' ability to act. Raw materials used in commercial printing include paper, ink, printing materials, and other chemical products.
Mexico Commercial Printing Market Trends
Offset Lithography to Hold Major Market Share
- Offset lithography is a printing technique that transfers an image from an aluminum roller onto a rubber roller with paint to the final paper. It is the preferred commercial or high-volume printing method (mass production), as it produces fewer emissions and wastage and has a lower per-unit cost.
- One of the main advantages of offset printing is the low cost of high-quality prints. It is less expensive than intaglio and photomechanical methods. Making the metal plates and setting up the equipment requires extra work, but it's worth it for high-volume jobs to speed things up with this technology.
- Offset Lithography can use special custom inks, such as metallic and Pantone colors, which is particularly valuable for Mexican brands seeking to differentiate their products through designs. These unique inks enhance the visual appeal and brand recognition, especially in competitive markets where standing out on the shelf is crucial.
- The offset lithography press is essential for end-user consumer products, ranging from commercial applications, like printed books, magazines, journals, and reading material, to the packaging industry. Most offset printing applications are complex to replace with any substitute from printing presses, owing to their unique printing technology and enhanced features.
- According to the Ministry of the Interior in Mexico, as of 2023, Newsweek en Español, under Grupo Editorial Via Satélite, S.A. de C.V., boasted a weekly circulation of 49thousand in Mexico. In comparison, TVyNovelas, a telenovela digest from Televisa, reached a circulation of 450 thousand.
Packaging to Witness Major Growth
- Mexico's strategic positioning boasts two vital gateways: the Pacific Ocean to the West and the Gulf of Mexico to the East, making it a global hub for production and trade. Mexico has entered into agreements with various economies and international bodies to bolster global trade. The inaugural Latin American nation joined the Asia-Pacific Economic Cooperation (APEC).
- Furthermore, Mexico inked the North American Free Trade Agreement (NAFTA), a pact that offered favorable tariff conditions and not only provided favorable tariff conditions but also slashed company inventory, shipping, and transportation expenses. These geographical advantages have bolstered Mexico's packaging activities and underscored the need for diverse printing methods.
- In addition, packaging plays a pivotal role in Mexico's burgeoning economy. Whether for small artisanal goods or large industrial products, printed packaging enhances its appeal, enticing buyers. Notably, the market is increasingly driven by a focus on environmentally friendly printing and packaging.
- Latin America's increasing investments across diverse industries drive a surge in demand for packaging solutions, with a pronounced need for printing services. This uptick is notably bolstering the market for flexible packaging, especially with the growth of the processed food sector. Notably, the primary end-user segments of meat, poultry, and frozen foods are witnessing a substantial demand for innovative packaging solutions. Consequently, numerous package printing manufacturers are actively bolstering their presence in Mexico.
- According to the OECD, in 2023, per capita poultry consumption in Mexico was 22.66 kilograms. During that year, poultry was the most consumed meat in Mexico of all types.
Mexico Commercial Printing Industry Overview
The Mexican commercial printing market is fragmented, with major players such as Ink Throwers DE Mexico SA, Dataprint Mexico, Central Print Mexico, and Imprime TUS IdeasGrupo Formex. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- July 2023- Mayaprin, a respected web offset printing company based in Guatemala, ventured into the flexographic printing market by acquiring Heaford's FTS 500 at Labelexpo, Mexico. With the support of a Heaford agent, Mayaprin strategically diversified its operations. Drawing on its expertise in web offset printing, Mayaprin identified significant growth prospects in flexographic printing and chose to seize these opportunities.
- May 2023 - Sintratec, a leading Swiss 3D printer manufacturer, joined forces with Sun Digital, a prominent player in Mexico's digital printing landscape. This collaboration marks a significant milestone for Sun Digital, known for over five decades for its expertise in color printers, label, and packaging printing. Sun Digital has long been a key player in Mexico's printing market as the exclusive partner for HP Indigo digital presses. With the establishment of its Additive Division, the company is venturing into the burgeoning 3D printing arena, with a primary focus on Sintratec's selective laser sintering (SLS) technology alongside other cutting-edge solutions.
Mexico Commercial Printing Market Leaders
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Ink Throwers DE Mexico SA
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Dataprint Mexico
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Central Print Mexico
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Imprime TUS Ideas
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Grupo Formex
*Disclaimer: Major Players sorted in no particular order
Mexico Commercial Printing Market News
- May 2024 - FESPA Mexico 2024 is scheduled to run from September 26th to 28th at the Centro Citibanamex in Mexico City. Anticipating an attendance of over 11,000, the exhibition draws decision-makers seeking the latest printing solutions and technologies.
- June 2023 - The Mexican printing business PSM used Agfa inkjet printers to increase productivity and save up to 50% on ink costs while meeting the needs of its retail, department store, and supermarket customers.
Mexico 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 Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Degree of Competition
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Promotional Materials from the Retail and 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
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Offset Lithography
6.1.2 Inkjet
6.1.3 Flexographic
6.1.4 Screen (Serigraphy)
6.1.5 Gravure
6.1.6 Other Types
6.2 By Application
6.2.1 Packaging
6.2.2 Advertising
6.2.3 Publishing
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Ink Throwers de Mexico SA de CV
7.1.2 Dataprint Mexico
7.1.3 Central Print Mexico
7.1.4 Imprime Tus Ideas
7.1.5 Grupo Formex
7.1.6 Fuerza Gráfica del Norte SAPI de CV
7.1.7 Impresora de Productos Especiales SA de CV
7.1.8 Big Tree Graphic Arts SA de CV
7.1.9 STICKER'S PACK SA de CV
7.1.10 Offset Santiago SA de CV
7.1.11 Print Center
7.1.12 AA Global Printing
7.1.13 Printernet
7.1.14 AMAC Imprenta industrial
7.1.15 SFNM Print
8. LIST OF RAW MATERIAL COMPANIES - GLOBAL AND MEXICO (SUBSTRATES, INKS, AND ADHESIVES)
9. MARKET OUTLOOK
Mexico Commercial Printing Industry Segmentation
Commercial printing is a tool specifically designed for corporate purposes, such as creating brochures and flyers. Nevertheless, there isn't just a single kind, for each one serves a distinct function. The market is defined by the revenue accrued from the sales of various commercial printing types used across end-user industries.
The Mexican commercial printing market is segmented by type (offset lithography, inkjet, flexographic, screen (serigraphy), gravure, and other types) and application (packaging, advertising, and publishing). The report offers market forecasts and size in value (USD) for all the above segments.
| By Type | |
| Offset Lithography | |
| Inkjet | |
| Flexographic | |
| Screen (Serigraphy) | |
| Gravure | |
| Other Types |
| By Application | |
| Packaging | |
| Advertising | |
| Publishing |
Mexico Commercial Printing Market Research Faqs
How big is the Mexico Commercial Printing Market?
The Mexico Commercial Printing Market size is expected to reach USD 4.06 billion in 2024 and grow at a CAGR of 2.16% to reach USD 4.52 billion by 2029.
What is the current Mexico Commercial Printing Market size?
In 2024, the Mexico Commercial Printing Market size is expected to reach USD 4.06 billion.
Who are the key players in Mexico Commercial Printing Market?
Ink Throwers DE Mexico SA, Dataprint Mexico, Central Print Mexico, Imprime TUS Ideas and Grupo Formex are the major companies operating in the Mexico Commercial Printing Market.
What years does this Mexico Commercial Printing Market cover, and what was the market size in 2023?
In 2023, the Mexico Commercial Printing Market size was estimated at USD 3.97 billion. The report covers the Mexico Commercial Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Commercial Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Commercial Printing Industry Report
Statistics for the 2024 Mexico Commercial Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Commercial Printing analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
