Global digital printing market to reach USD 35.71 billion
According to a report by Research and Markets, the global digital printing market size valued at USD 25.74 billion in 2019 is projected to reach USD 35.71 billion by 2028 at a CAGR of 3.7% from the forecast period 2021 to 2028.
02 Jul 2021 | 900 Views | By PrintWeek Team
Optimised print resolutions, speed, and curing controls for enhanced image quality have helped the digital printing segment to grow over the years. The rapid adoption of digital printing systems in the food and beverage and textile industries, penetration of IoT and digital image technologies, and surge in demand for sustainable printing techniques has also influenced the market growth. However, the high initial cost of digital printing devices in developing countries such as India is hampering the early adoption of these presses. Digital printing has a high cost per page compared to the traditional methods.
Apart from food and beverage and textile, the increase in the use of digital dyeing and printing technology in automotive and consumer electronic industries is expected to provide lucrative opportunities for the global digital printing industry during the forecast period.
On a categorical basis, the digital printing market is fragmented into inkjet and laser. Meanwhile, based on ink, the market is segregated into aqueous, solvent, UV-curable, dye sublimation, and latex among others. The market is analysed on plastic films or foils, textile, glass, paper, and ceramic by application.
The digital printing market is becoming a trend in North America, Europe, Asia-Pacific and LAMEA. The top digital printing players in the market include Canon, DIC, Epson, Hewlett-Packard, Konica Minolta, Ricoh and Xerox among others.
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