“The global digital printing market is expected to reach a high CAGR of 6.2% over the Forecast Period 2025-2032, reaching USD 39.7 billion by 2032 from USD 23.4 billion in 2024.”
Asia-Pacific dominates the market, accounting for YY% of the global share. Key metrics include increasing adoption in textile and packaging industries, rising demand for personalized products, and growing e-commerce sector.
The digital printing business is rapidly expanding as a result of technology improvements, increased demand for environmentally friendly printing solutions, and a shift towards on-demand printing. The market is rapidly shifting from traditional printing technologies to digital alternatives, notably in the commercial and packaging sectors.
Market Trend: Sustainable printing solutions gain traction as eco-conscious consumers drive demand for greener alternatives
The digital printing business is witnessing a substantial change towards sustainability, fuelled by increased environmental concerns and severe regulations. Companies are investing in environmentally friendly inks, energy-efficient printers, and recyclable substrates to lower their carbon footprints. For example, HP Inc. recently introduced its Latex R Series printers, which employ water-based inks to generate odorless prints while reducing environmental impact. The rising need for sustainable packaging solutions in the e-commerce sector contributes to this trend.
According to our research, 70% of consumers are willing to pay more for environmentally friendly packaging options, indicating a significant market opportunity for green digital printing solutions.
Market Driver: Rapid growth of e-commerce and personalized packaging fuels demand for digital printing technologies
The growing e-commerce sector is a significant driver of the digital printing market, particularly in the packaging category. As online shopping grows more popular, there is a greater desire for personalized packaging and labels that can be manufactured quickly and affordably. Digital printing allows you to produce short-run, custom packaging solutions that traditional printing methods cannot match.
According to the Global E-commerce Packaging Business Study, the e-commerce packaging market is estimated to reach USD XX billion by 2025, expanding at a CAGR of 14.59% between 2020 and 2025. This increase is directly linked to rising demand for digital printing solutions. Furthermore, marketers are using digital printing to develop distinctive, eye-catching packaging designs that increase product visibility and consumer engagement on congested retail shelves.
Market Restraint: High initial investment and maintenance costs hinder market growth
The high cost of digital printing equipment and consumables remains a major impediment to company expansion. Small and medium-sized printing enterprises sometimes struggle to make the initial investments required for modern digital printing technology. Furthermore, continuing maintenance and upgrade expenses can be substantial, affecting corporate profitability. This element has a particularly strong impact on adoption rates in emerging nations with significant cost sensitivity.
Inkjet technology dominates the digital printing market, accounting for over YY% of the global market share.
The inkjet category dominates the digital printing business due to its versatility, cost-effectiveness, and ability to print on a variety of substrates. Inkjet technology has advanced significantly in recent years, resulting in higher print quality, speed, and colour accuracy. These advancements have broadened its applications beyond typical paper printing to encompass textiles, ceramics, and even 3-D printing.
In the commercial printing industry, inkjet technology is transforming book printing and publishing. Print-on-demand services utilising inkjet printers have increased in popularity, allowing publishers to minimise inventory expenses while delivering a broader selection of titles. According to our recent analysis, inkjet production printing volumes are predicted to grow at a 14% annual rate through 2024, outperforming other digital printing technologies.
Inkjet technology has also grown in popularity in the packaging business, thanks to its ability to manufacture high-quality, personalized labels and packaging at a cheaper cost for short to medium runs. This has been particularly helpful for small and medium-sized enterprises seeking to establish distinct brand identities. The food and beverage industry, in particular, has increased its use of inkjet printing for packaging, with an emphasis on producing eye-catching designs that stand out on store shelves.
Asia-Pacific leads the global digital printing market, driven by rapid industrialization and technological adoption in emerging economies.
The Asia-Pacific region dominates the digital printing market due to its large manufacturing hubs, rapid urbanisation, and rising disposable income. Countries like China, Japan, and India are fuelling this growth by investing extensively in digital printing technologies in a variety of industries.
The Asia-Pacific textile sector has been a prominent user of digital printing technology. India has experienced a 20% annual growth rate in digital textile printing. Demand for fast fashion and bespoke clothing is driving this trend, as digital printing enables quick turnaround times and low-cost production of small numbers.
In China, the packaging industry has been a significant driver of digital printing adoption. The country's thriving e-commerce sector has resulted in a high demand for sophisticated packaging solutions. According to the China Packaging Federation, the digital printing sector for packaging in China will increase by 15% by 2023, exceeding traditional printing processes.
Japan is at the forefront of technological advancement in the digital printing sector. The country's strong robotics and automation expertise has been successfully applied to digital printing systems, resulting in increased output and accuracy. Japanese companies like Konica Minolta and Canon have produced cutting-edge digital printing solutions that are gaining appeal worldwide.
The digital printing market is fiercely competitive, with key competitors focussing on technological innovation, strategic partnerships, and mergers and acquisitions to maintain market position. Leading organisations are investing much in R&D to develop faster, more efficient, and environmentally friendly printing technologies.
HP Inc. is the industry leader, with a significant presence in both the commercial and industrial digital printing segments. The HP Indigo V12 Digital Press, which just debuted, established new standards for label printing speed and quality. Xerox Corporation has emphasised strategic acquisitions to broaden its portfolio and improve its capabilities in packaging and textile printing.
Canon Inc. has grown its market share by consistently improving inkjet technology and entering growing markets. The varioPRINT iX series has achieved remarkable success in the commercial printing business. Konica Minolta has improved its position in the industrial printing sector by forming alliances with textile and packaging industry heavyweights.
Emerging competitors, such as EFI and Landa Digital Printing, are disrupting the market with cutting-edge technologies like single-pass printing and nanography, posing a challenge to established corporations and pushing more industry innovation.
The digital printing industry is expected to grow substantially in the coming years, driven by technology advancements and rising customer preferences. Customisation and on-demand production are altering the industry, opening up new opportunities for firms across a wide range of sectors.
One of the most exciting advancements in digital printing is the application of AI and machine learning algorithms. These technologies improve printing quality, reduce waste, and streamline manufacturing procedures. AI-powered printers can automatically alter settings based on substrate properties and environmental conditions, producing consistently high-quality results.
Another trend to watch is the integration of digital printing with other technologies like augmented reality (AR) and near-field communication (NFC). This connectivity opens up new opportunities for interactive packaging and marketing materials, giving firms more methods to engage customers and manage product life cycles.
It is impossible to emphasise the value of sustainability. As environmental concerns grow, we anticipate an increase in eco-friendly inks, energy-efficient printing techniques, and recyclable substrates. Companies who can strike a balance between quality, cost, and sustainability will likely be industry leaders in the next few years.
HP Inc.
Canon Inc.
Xerox Corporation
Konica Minolta, Inc.
Ricoh Company, Ltd.
EFI, Inc.
Landa Digital Printing
Durst Group AG
Fujifilm Corporation
Heidelberger Druckmaschinen AG
June 2024: HP Inc. introduces the HP PageWide Advantage 2200 series, which provides high-speed inkjet printing to the commercial market.
Canon Inc. introduced the imagePRESS V1000, a cutting-edge digital press intended for high-volume production.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. HP Inc.
5.2. Canon Inc.
5.3. Xerox Corporation
5.4. Konica Minolta, Inc.
5.5. Ricoh Company, Ltd.
5.6. EFI, Inc.
5.7. Landa Digital Printing
5.8. Durst Group AG
5.9. Fujifilm Corporation
5.10. Heidelberger Druckmaschinen AG (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Sustainable printing solutions gain traction as eco-conscious consumers drive demand for greener alternatives
6.1.2. Integration of AI and machine learning in digital printing processes
6.1.3. Convergence of digital printing with AR and NFC technologies
6.2. Market Drivers
6.2.1. Rapid growth of e-commerce and personalized packaging fuels demand for digital printing technologies
6.2.2. Increasing adoption of digital textile printing in the fashion industry
6.2.3. Growing demand for on-demand and variable data printing
6.3. Market Restraints
6.3.1. High initial investment and maintenance costs hinder market growth
6.3.2. Shortage of skilled operators for advanced digital printing systems
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TECHNOLOGY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
7.1. Inkjet
7.1.1. Thermal Inkjet
7.1.2. Piezoelectric Inkjet
7.1.3. Continuous Inkjet
7.2. Electrophotography
7.2.1. Dry Toner
7.2.2. Liquid Toner
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
8.1. Commercial
8.1.1. Transactional
8.1.2. Advertising
8.2. Packaging
8.2.1. Labels
8.2.2. Flexible Packaging
8.2.3. Folding Cartons
8.3. Textile
8.3.1. Apparel
8.3.2. Home Textiles
8.3.3. Technical Textiles
8.4. Others
8.4.1. Ceramic
8.4.2. Glass
8.4.3. Wood
9. BY END-USE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
9.1. Advertising
9.1.1. Outdoor Advertising
9.1.2. Indoor Advertising
9.2. Publication
9.2.1. Books
9.2.2. Magazines
9.2.3. Newspapers
9.3. Packaging
9.3.1. Food & Beverage
9.3.2. Pharmaceuticals
9.3.3. Personal Care & Cosmetics
9.4. Others
9.4.1. Industrial
9.4.2. Electronics
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
By Technology:
Inkjet
Electrophotography
By Application:
Commercial
Packaging
Textile
Others
By End-Use:
Advertising
Publication
Packaging
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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