PUBLISHER: The Business Research Company | PRODUCT CODE: 1435505
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435505
Printing is a technique that involves applying a specific amount of coloring agent onto a chosen surface to produce text or artwork. Modern methods of text and image reproduction no longer rely on the mechanical concept of pressure or the traditional notion of coloring agents. Printing is a service utilized for producing various products such as newspapers, books, labels, business cards, stationery, business forms, and other materials.
The primary types of unfinished paper include paper, paperboard, and newsprint. Paper and paperboard are described as matted or felted sheets, typically made from plant fibers, including those from trees or recycled paper and paperboard waste (such as corrugated cases, newsprint, sacks, bags, and cartons). These materials find applications in wrapping, bags, sacks, cartons, tubs, lids, molded fiber packaging, and backing cards. The production of unfinished paper involves methods such as mechanical pulping, chemical pulping, and combined processes. Various industries utilize unfinished paper, including the food industry, agricultural sector, chemicals, building materials, and others.
The printing market research report is one of a series of new reports from The Business Research Company that provides printing market statistics, including printing industry global market size, regional shares, competitors with a printing market share, detailed printing market segments, market trends and opportunities, and any further data you may need to thrive in the printing industry. This printing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The printing market size has grown steadily in recent years. It will grow from $356.84 billion in 2023 to $374.31 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The expansion witnessed in the historical period can be ascribed to the growth of the publishing industry, evolving packaging needs, global economic circumstances, environmental regulations, and shifting consumer preferences.
The printing market size is expected to see steady growth in the next few years. It will grow to $443.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The anticipated growth in the forecast period can be linked to the adoption of sustainable printing practices, the evolution of e-commerce packaging, the integration of smart packaging, the impact of remote work, and heightened health and safety concerns. Noteworthy trends expected in the forecast period encompass advancements in 3D printing, the rise of digital printing, the incorporation of personalization in printing, integration of augmented reality (AR), the emergence of smart printing solutions, and the utilization of hybrid printing technologies.
The growth of the printing market is anticipated to be driven by the increasing demand for packaging in e-commerce. Custom-printed e-commerce packages are widely utilized by the expanding network of e-commerce retailers. For example, data from the U.S. Census Bureau indicates that U.S. retail e-commerce sales in the third quarter of 2022 reached $265.9 billion, marking a 3% increase from the second quarter of the same year. Despite a 9.1% increase in total retail sales during that period, e-commerce sales in the third quarter of 2022 saw a significant growth of 10.8% compared to the third quarter of 2021. Consequently, the thriving e-commerce market is expected to create a demand for printing, influencing the market's growth in the forecast period.
The printing market's growth is expected to be fueled by an upswing in paper manufacturing. Paper, a thin material primarily composed of cellulose fibers, plays a crucial role as the primary medium in the printing industry. It serves as the substrate for reproducing text, images, and graphics, making it an indispensable component of the printing process. Notably, in January 2022, the American Forest & Paper Association reported a 5.6% increase in total paper products, materials, and containerboard production in the U.S. from 2020 to 2021. Therefore, the surge in paper manufacturing contributes to the growth of the printing market.
Technological advancements have become a prominent trend in the printing market, with major companies striving to introduce new technologies for a competitive edge. For instance, in 2022, Markem-Imaje, a Switzerland-based provider of traceability and variable data solutions for the packaging industry, launched the IoT-powered platform called MiVistaTM. This platform offers various self-support and helpdesk printer services, featuring simplified coding processes, self-sufficiency, automated risk monitoring, and advanced remote diagnostic capabilities.
Leading companies in the printing market are intensifying their focus on introducing multi-feature printers to enhance their competitive position. Multi-feature printers combine essential office functions into a single machine. In July 2023, HP Inc., a U.S.-based technology company, introduced a new series of LaserJet Pro printers with scan, print, copy, and fax features. These versatile and efficient printers, equipped with wireless and automatic 2-sided printing capabilities, are designed to meet the needs of businesses and individuals requiring high-quality printing, scanning, copying, and faxing. The inclusion of the HP Smart app facilitates convenient mobile printing and scanning.
Major companies operating in the printing market report are HP Inc., Canon Inc., Fujifilm Holdings Corporation, Bertelsmann SE & Co. KGaA, Ricoh Company Ltd., Toppan Inc., Dai Nippon Printing Co. Ltd., Konica Minolta Inc., Xerox Corporation, R.R. Donnelley & Sons, LSC Communications Inc., Quad/Graphics Inc., Gannett Co Inc., SHUTTERFLY Inc., Transcontinental Inc., The Crane Company, Cenveo Corporation, Vistaprint NV, Electronics for Imaging Inc., OKI Data Corporation, ENNIS Inc., Raksul Inc., The Vomela Companies, Pax Industries Inc., Xante Corporation, O'Neil Printing Inc., ACME Printing, The McClatchy Company, Print Direction Inc., Taylor Communications, Ryobi Limited, Screen Holdings Co. Ltd., Gallus Holding AG, Domino Printing Sciences PLC, MGI Digital Technology
Asia-Pacific was the largest region in the printing market in 2023. North America was the second largest region in the printing market. The regions covered in the printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the printing market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
The printing market includes revenues earned by entities by providing printing for books and newspapers, textiles, plates, wallpaper, packaging, and billboards, all of which are cleaned with rinsing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Printing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on printing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for printing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The printing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.