The process of directly printing digitally created pictures onto a number of media substrates is known as digital printing. It makes printing from digital files possible. It entails printing digitally created pictures onto a variety of substrates, including photo paper, paper, canvas, synthetics, fabric, and cardboard. Unlike offset printing, it does not call for a printing plate. It entails printing an image directly onto the media substrate after transferring the picture to the metal plates.
The Global Digital Printing Market is expected to grow at a high CAGR of 7.5% during the forecasting period 2023-2030. The old printing business has been completely transformed by the dynamic and quickly developing global digital printing market.
It is a game-changer for companies looking for flexible and effective printing solutions. Several important reasons are propelling the development of the digital printing industry.
DataM Intelligence reports that provide an in-depth analysis of the Digital Printing Market. This report offers valuable insights into current and future industry trends, empowering readers to identify revenue growth and profitability drivers. It conducts a detailed analysis of key factors influencing the global and regional market, including drivers, restraints, threats, challenges, opportunities, and industry-specific trends. The report also highlights global certainties, downstream and upstream analysis of key players, and provides forecast market analysis, market scenarios, and possibility studies.
Global Digital Printing Market Drivers:
Increasing demand for personalization and customization
The popularity of online shopping and e-commerce has led to an increase in customer demand for specialized and customized goods. Custom items like phone covers, mugs, and t-shirts may be produced quickly and affordably using digital printing. The need for digital printing services has grown as a result.
Advancements in printing technology
Significant technological developments in the digital printing sector include the creation of quick inkjet printers and enhanced color management programs. These developments have raised print quality, sped up turnaround times, and reduced prices, making digital printing a more alluring choice for companies.
Global Digital Printing Key Market Trends:
Increased adoption of web-to-print solutions:
Customers may create and purchase printed items using web-to-print systems, which can simplify the ordering process and save expenses for companies. As more businesses explore for methods to enhance their online presence and consumer experience, this trend is anticipated to continue.
Growth in packaging printing:
One of the markets for digital printing with the highest growth is the packaging sector. Shorter print runs and quicker turnaround times are made possible by digital printing, which is crucial for the packaging sector as time-to-market is crucial. The need for personalized packaging is anticipated to develop along with e-commerce.
Market Key Players:
The global digital printing market is highly competitive, with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition.
- Hewlett-Packard Development Company
- Ricoh Company, Ltd.
- Mimaki Engineering Co., Ltd.
- Xerox Corporation
- Altana AG
