Digital Printing Market to Reach USD 53.6 Billion by 2032 |

Fort Collins, Colorado, Sept. 18, 2023 (GLOBE NEWSWIRE) — DataHorizzon Research Published a report titled, “Digital Printing Market Size, Growth, Share, Statistics Report, By Type (Inkjet and Laser), By Ink (Aqueous, Solvent, UV-curable, Dye Sublimation, Latex and Others), By Application (Plastic Film, Fabric, Glass, Paper, Ceramics), By Region and Segment Forecasts, 2023-2032.” 

DataHorizzon Research estimates that the digital printing market will reach USD 53.6 billion by 2032, with a 7.6% CAGR. Market growth is boosted by the increasing adoption of digital technology across different verticals such as manufacturing and packaging. The advantages of digital printing include reduced waste, less time, fewer steps, and cheaper printing. Digital printing does not use printing plates and allows for greater flexibility in printing design. These factors have led to an increase in the use of digital printing.

Digital printing offers a wide range of opportunities for key players in the market. Direct-to-fabric and direct-to clothing (DTF) are highly demanded due to the popularity of ecommerce and the trend towards customized products. DTG printing uses spraying to apply ink directly onto clothing. It is similar printing on paper. Add intricate multi-colored images to fabric products such as t-shirts and sweatshirts. This enhances their aesthetic appeal.

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Report Snapshot

Segmentation Overview

The digital printing market is segmented by type, ink, region, and application. Inkjet printers have a large market share based on type and are expected to continue their dominance during the forecast period. On the basis of ink, it is predicted that UV cured ink will show significant growth. The UV-cured inks are used to cure the colors and provide bright, sharp colors. This is why they are so popular. According to application, the fabric sector is expected grow significantly in the market due the growing demand for personalized apparel printing.

North America dominated the market for digital printing due to the increasing need to improve the efficiency of printing processes in different industries, including packaging. Asia Pacific will likely register significant growth over the forecast period. The growing supply chain industry is responsible for this growth, as it leads to technological advances in the various processes within the industry. Increasing investment by major players also contributes to the growth of the market in this region.

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The Industry’s Key Developments:

• Smurfit Kappa, Chelmsford, invested USD 5,86 million in March 2023 for a Gopfert HBL 2,1m color printer. This investment is expected to boost print capacity and material handling as well as boost the brand’s visual presence. The Gopfert HBL comes with various features including a sophisticated print registration system, color control and an auto print control. These features maintain print quality from job to job.

• Canon announced a new MAXIFY Ink Efficient series printer in February 2022. The new printer was designed to improve efficiency and productivity for offices and businesses through a combination of low-cost color printing, speed, paper handling capabilities and networking.

Digital Printing Market Report Highlights

• Digital Printing Market is expected to reach a CAGR 7.6% by 2032.

• Inkjet held a significant share of the market and it is expected to continue dominating during the forecasted years.

• A significant share of the market was also held by solvent inks due to their compatibility for most printers.

• Paper is widely used in promotional business materials. This segment will account for a large share of the digital printing market.

• Asia Pacific is expected show significant growth over the forecast period. Digital printing is becoming more popular in the textile sector.

• Digital Printing Market Report: The Leading Players include Hewlett-Packard Development Company, Canon, Inc., Ricoh Company, Ltd., Mimaki Engineering Co., Ltd., Roland DG Corporation, Xerox Corporation, Seiko Epson Corporation, Durst Phototechnik AG, Electronics for Imaging, Inc., Inca Digital Printers Limited, Printronix, Brother Industries, Ltd., Oki Electric Industry, Kyocera Corporation. 

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Digital Printing Market Report Segmentation

Digital Printing Market by Type (2023-2032).

Digital Printing Market by Ink (2023-2032).

• Aqueous
• Solvent
• UV-curable
• Dye Sublimation
• Latex
• Other

Digital Printing Market By Application (2023-2032).

• Plastic Films, Foils
• Fabric, Glass
• Paper/Books
• Ceramic

Digital Printing Market by Region (2023-2032).

• • U.K.
  • Germany
  • France
  • Rest of Europe

• • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific

• • Brazil
  • Mexico
  • Rest of Latin America

• • UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa

About DataHorizzon Research:

DataHorizzon, a market-research and advisory firm, helps organizations around the world formulate growth strategies to adapt to changing business dynamics. The company offers consulting services for businesses and business insight to help make decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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