Commercial Printing Market
Commercial Printing Market was valued at USD 453.6 billion in 2021, and forecast to touch USD 511.0 billion in 2029, increasing at a CAGR of 1.5% during 2022-2029.
The factors driving the growth of Commercial Printing Market includes growing demand for personalized printing content, rapid growth in the e-commerce industry around the world, rise in the sales of processed and canned food and increased digitalization. According to the report published by Statista, the Global Canned Food Market was calculated around USD 98 billion in 2018 and is expected to reach USD 118 billion by the end of 2023, which will accelerate the Commercial Printing Market size in the approaching years. Moreover, growing popularity of vegetable inks, introduction of environment-friendly paper, inks and coatings, increased adoption of advanced technologies by manufacturers and rising advertisement needs of enterprises, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, growing attraction amongst consumers about e-books and e-journals, widespread use of high-quality printed packaging material, rising disposable incomes and rapid urbanization, are further contributing towards the market growth.
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However, the growth of the Commercial Printing Market is hindered attributed to fall in the sales of commercial printers worldwide.
The prominent players operating in the market are Dai Nippon Printing Co. Ltd., R.R. Donnelley & Sons Company, TOPPA PRINTING CO., LTD., Quad/Graphics Inc., ACME Printing, Cenveo Worldwide Limited, Vistaprint, Ennis Inc., Transcontinental Inc., and Taylor, among others.
Based on Type, the Inkjet segment is predicted to lead the market during the forecast period
Inkjet devices needs less staff and minimizes two to four toner devices along with rise in the launch of innovative products, are some of the factors responsible for the segment’s growth.
Based on Application, the Advertising segment is projected to capture the largest market share during the forecast period
Technological innovations in the commercial printers and growing advertisement requires of companies, are propelling the segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period
Growing demand for commercial printers across India, China, and Indonesia, increasing popularity of vegetable inks, rising demand for personalized printing content, improvements in the living standards, rapid urbanization and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
- In 2020, Transcontinental Inc., completed the acquisition of Artisan Complete Limited, through this acquisition, company plans to expand its in-store marketing product printing vertical.
- In 2020, R.R. Donnelley & Sons Company collaborated with Microsoft Store to offer technological-support, end-to-end creative services, and print collateral services, which will help the brands to improve the in-store engagement.
- In 2019, Dai Nippon Printing Co. Ltd., introduced a new dye-sublimation digital photo printer1, known as DP-QW410, this product can be used for a photo booth, ID photo sessions, and event photographers.
Market Segmentation
Segmentation by Type
- Offset Lithography
- Inkjet
- Flexographic
- Screen
- Gravure
- Other Types
Segmentation by Application
- Packaging
- Advertising
- Publishing
- Other Applications
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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