Global Digital Printing Market Size to worth USD 67.7 Billion by 2033: Forecast Analysis Report

Global Digital Printing Market Size to worth USD 67.7 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Digital Printing Market Size is Expected to Grow from USD 37.5 Billion in 2023 to USD 67.7 Billion by 2033, at a CAGR of 6.09% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Digital Printing Market Size, Share, and COVID-19 Impact Analysis, By Technology (Inkjet Printing, Laser Printing, Electrophotography, Thermal Transfer Printing, and Others), By Ink (Solvent-Based Ink, UV-Curable Ink, Aqueous Ink, Latex Ink, and Others), By Application (Packaging, Advertising, Publishing, and Textiles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

The digital printing market involves the method of printing digital-based images onto a variety of media without the need for printing plates. Digital printing is different from traditional printing methods, such as offset printing which uses metal plates for transferring an image. Further, the market is characterized by innovation with advancements in technology and evolving market demand. Compared to more conventional offset printing techniques, digital printing is more expensive per page; however, this is typically compensated for by the elimination of the need to pay for all the technical stages involved in creating printing plates. The emergence of 3D printing, sheet-fed digital printing, printed electronics, and print security are anticipated to bolster the digital printing market. The rapid technological advancements and evolving demand for high quality, cost-effective graphics, and environmental sustainability are promoting the digital printing market. On the contrary, the increased investment cost of digital printing technology is negatively impacting the market growth.

The inkjet printing segment accounted for the largest share of the global digital printing market in 2023.

Based on the technology, the global digital printing market is divided into inkjet printing, laser printing, electrophotography, thermal transfer printing, and others. Among these, the inkjet printing segment accounted for the largest share of the global digital printing market in 2023. Inkjet printing techniques apply tiny droplets of liquid ink to a variety of surfaces including paper. The growing on-demand printing and adoption of green technologies are driving the market growth in the inkjet printing segment.

The solvent-based ink segment held the largest share of the digital printing market in 2023.

Based on the ink, the global digital printing market is divided into solvent-based ink, UV-curable ink, aqueous ink, latex ink, and others. Among these, the solvent-based ink segment held the largest share of the digital printing market in 2023. The long-lasting and vibrant prints are guaranteed by the solvent-based inks’ resistance to environmental factors like weathering, UV rays, and abrasion. The extensive use of solvent-based ink for printing applications propels market growth.

The packaging segment dominated the market with the highest market revenue share of the digital printing market in 2023.

Based on the application, the global digital printing market is divided into packaging, advertising, publishing, and textiles. Among these, the packaging segment dominated the market with the highest market revenue share of the digital printing market in 2023. Digital printing is commonly used in packaging for cost and time efficiency in manufacturing packaging. The increasing need for personalized and customized products along with tailored packaging designs are majorly contributing to driving the market growth in the packaging segment.

North America is projected to hold the largest share of the global digital printing market over the forecast period.

North America is projected to hold the largest share of the global digital printing market over the forecast period. The widespread adoption of innovative digital printing technologies and rapidly growing textile and publishing sectors are responsible for driving the market. Businesses like Xerox Corporation and HP Inc. are vital to the market's growth. The market's infrastructure has been reinforced by its strong distribution networks and considerable R&D initiatives.

Asia Pacific is predicted to grow at the fastest CAGR in the digital printing market over the forecast period. The rising e-commerce industry in countries like China, Japan, and South Korea is bolstering the market for digital printing. The surging initiatives for supporting smart manufacturing and digitalization are fostering an atmosphere that is supporting market expansion.

Competitive Analysis

Major key players in the digital printing market include HP Inc., Canon, Inc., Ricoh Company, Ltd., Mimaki Engineering Co., Ltd., Roland DG Corporation, Xerox Corporation, Seiko Epson Corporation, DURST GROUP AG, Brother Industries, Ltd., Electronics For Imaging, Inc., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2024, HP Inc. ushered in a new era for digital printing with the latest lineup of HP digital printing presses and intelligent solutions designed to address production challenges in the commercial printing labels and packaging industries.

• In March 2024, Mimaki Engineering Co., Ltd., specializing in industrial inkjet printers, cutting plotters and 3D printers, announced the launch of “TRAPIS”, an environmentally and people-friendly next-generation textile printing system, which is a commercialized version of the “textile pigment transfer printing system” that was exhibited at ITMA in June 2023.

• In September 2023, Ricoh Asia Pacific announced the launch of Ricoh’s latest production printer, the RICOH Pro C7500. Positioned as the successor to the RICOH Pro C7200/C7200X series, the RICOH Pro C7500 offers high-quality and value-added printing with improvements in paper transportation, toner transfer, and support for an expanded media range.

• In September 2023, Durst Group, a manufacturer of advanced digital printing and production solutions, acquired Aleph SrL, a pioneer in sustainable digital solutions for textiles and interior and exterior decorations. With this strategic move, Durst Group further enhances its position in water-based and sustainable printing technologies.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global digital printing market based on the below-mentioned segments:

Global Digital Printing Market, By Technology

• Inkjet Printing
• Laser Printing
• Electrophotography
• Thermal Transfer Printing
• Others

Global Digital Printing Market, By Ink

• Solvent-Based Ink
• UV-Curable Ink
• Aqueous Ink
• Latex Ink
• Others

Global Digital Printing Market, By Application

• Packaging
• Advertising
• Publishing
• Textiles

Global Digital Printing Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa