The global digital printing market size was valued at $25.74 billion in 2019, and is projected to reach $35.71 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028.
Digital printing systems are a cutting-edge form of printing that employs digital files designed with computer software. Images are printed using digital formats like PDF and JIP on medium surfaces like paper, fabric, and ceramic. The end-use manufacturer can accelerate the creation and production of images thanks to digital printing. Thermal bubble formation technology is used in inkjet-based printing to propel ink onto the surface and create a specific design. Additionally, inkjet printing enables the printing of effective materials in three dimensions. Digital printing techniques are created to offer quick, accurate, and short-run colour printing at a reasonable price. Compared to the offset method, the digital printing systems are tools that provide high-quality finished products. Compared to more conventional ways, it offers the most cost-effective solution for customized marketing materials including business cards, letters, direct mail, and more. Additionally, digital printing speeds up delivery of the finished product by reducing the length of the production cycle.
The cost of the total printing process falls as a consequence of the elimination of numerous phases that were earlier necessary for conventional printing (the many equipment employed for the arrival of the finished product). The expenditures associated with setting up these numerous conventional printing techniques can also be eliminated thanks to conventional printing. Since conventional printing (offset printing) relies on plates, each print work must first be converted into a plate before the press is set up specifically for that job. This procedure adds an upfront fee to the print job regardless of volume, which costs money.
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Segmentations:
Global Digital Printing Market: Major Players
Core Publishing Solutions
DS Smith PLC
Smurfit Kappa
ARC Document Solutions LLC
IronMark Inc.
Xeikon NV
Southland Printing Company Inc.
Quad/Graphics
Multi Color Corporation
Westrock Company
Avery Dennison Corporation
CPI Corporate
Amcor PLC
Sato America
Mondi PLC
The Command Group (Command Companies)
Walsworth
Global Digital Printing Market: Types
Water based Ink
Solvent
UV-curable
Latex
Dye Sublimation
Global Digital Printing Market: Applications
Books
Commercial Printing
Global Digital Printing Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Digital Printing market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Despite the fact that digital printing eliminates many processes used in more traditional printing and so reduces the high costs associated with setup and processing of various conventional printing technologies, digital printing still has a high initial investment requirement. Digital printing is being adopted in more industries, and this has raised awareness. The market for digital printing is expanding as a result of this rise in popularity, which is also encouraging more investment in the various segments. The expansion of new technologies in printers has been made possible by the surge in digital printing research and development. The price of printers has increased as a result of the increased technological improvements in printers.
Key Points:
- Define, describe and forecast Digital Printing product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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