(MENAFN- PR Newswire) PORTLAND, Ore., May 13, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Printing Market by Type (Inkjet and Laser), Ink Type (Aqueous, Solvent, UV-curable, Dye Sublimation, Latex, and Others), and Application (Plastic Films or Foils, Textile, Glass, Paper/Books, Ceramic): Opportunity Analysis and Industry Forecast, 2021–2028." According to the report, the global generated $25.74 billion in 2019, and is expected to reach $35.71 billion by 2028, witnessing a CAGR of 3.7% from 2021 to 2028.
Drivers, restraints, and opportunities
Increase in demand for sustainable and cost-efficient printing methods and surge in demand from the food & beverage industry drive the growth of the global digital printing market. However, high initial investment hinders the market growth. On the other hand, rise in usage of digital dyeing and printing technology in the automotive sector creates new opportunities in the coming years.
Request PDF Brochure:
Covid-19 Scenario
- Manufacturing activities hindered due to lockdown measures implemented by governments in various countries. In addition, supply chain disrupted and raw material shortage occurred.
- The demand from application industries such as textile, ceramic, and glass decreased due to disruptions in daily operations. However, the demand would grow steadily during the post-lockdown as daily operations get back on track.
The ink-jet segment to maintain its lead position during the forecast period
Based on type, the ink-jet segment contributed to the highest share in 2019, accounting for nearly two-thirds of the global digital printing market, and is expected to maintain its lead position during the forecast period. This is attributed to advent of next-generation cartridge-free ink-jet printers and rise in demand for high-quality output printing solutions from the household, commercial and industrial sectors. However, the laser segment is projected to manifest the highest CAGR of 4.8% from 2021 to 2028, owing to demand for advanced printing solutions to improve productivity and environment-friendly features offered to the end-users.
Get detailed COVID-19 impact analysis on the Digital Printing Market:
The solvent segment to maintain its leadership status during the forecast period
Based on ink type, the solvent segment held the highest share in 2019, contributing to nearly one-third of the global digital printing market, and is projected to maintain its leadership status during the forecast period. This is attributed to usage in flexographic and gravure printing due to the ability to dry quickly and resist water along with implementation in publication segments such as newspapers, magazines, and catalogs. However, the UV-curable segment is estimated to portray the of 4.9% from 2021 to 2028, owing to its high drying capability and usage in the automotive and consumer electronics sectors.
North America to maintain its dominance in terms of revenue by 2027
Based on region, North America contributed to the highest share in terms of revenue in 2019, holding more than one-third of the global digital printing market, and is expected to maintain its dominance by 2027. This is attributed to availability of next-generation advanced printing technologies along with the presence of prime vendors in the region. However, Asia-Pacific is expected to witness the largest CAGR of 5.5% during the forecast period, owing to deployment of digital printing applications across textile, food & beverage, and packaging industries.
Interested in Procuring This Report? Visit Here:
Leading market players
- Canon, Inc.
- DIC Corporation
- Epson Co. Ltd.
- Hewlett-Packard
- Konica Minolta
- Ricoh Co., Ltd.
- Sakata INX Co. Ltd.
- Toshiba
- Toyo Ink SC Holdings Co.
- Xerox Corporation
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Get more information:
Similar Reports:
by Technology [Stereolithography (SLA), Fused Deposition Modelling (FDM), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Digital Light Processing (DLP), and Others], Component (Hardware, Software, and Services), and End User (Automotive, Healthcare, Industrial, Consumer Electronics, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2019 - 2027
by Type (Distributed Control System, Supervisory Control & Data Acquisition System, Manufacturing Execution System, and Others), Component (Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronic Housings, Power Supplies, Industrial Ethernet, and Remote IO), and End User (Automotive, Utility, Electronics & Semiconductors, and Mining): Global Opportunity Analysis and Industry Forecast, 2020–2027
by System Type (Analog Surveillance, IP Surveillance, and Hybrid Surveillance), Component (Hardware, Software, and Services), Application (Commercial, Military & Defense, Infrastructure, Residential, and Others), Enterprise Size (Small Enterprise, Medium Enterprise, and Large Enterprise) and Customer Type (B2B and B2C): Global Opportunity Analysis and Industry Forecast, 2020–2027
by Deployment Mode (On Cloud and On Premise) and End Use (Consumer Electronics, Healthcare, Enterprise, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2027
By Component (Optical Fiber, Transceiver, Switch, and Others), Technology (SONET, WDM, and Fiber Channel), and Industry Vertical (IT & Telecom, BFSI, Military & Defense, Oil & Gas, and Medical & Healthcare): Global Opportunity Analysis and Industry Forecast, 2020–2027
Prebook These Upcoming:
by Type (Monochrome Printing and Color Printing) and Application (Commercial Printing, Packaging, Advertising, Security, Stationery, and Others) - Global Opportunity Analysis and Industry Forecast, 2019 - 2027
by Functionality (Compact Photo Printer and Camera Photo Printer), Connectivity (Bluetooth, Near Field Connections, and Others), Application (Home and Commercial), and End User (Electronics and Telecommunication): Global Opportunity Analysis and Industry Forecast, 2019 - 2027
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesToll Free: 1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060 Fax: +1-855-550-5975 Web: Follow Us on:
SOURCE Allied Market Research
MENAFN13052021003732001241ID1102076572