Print on Demand Market Predicted to Garner USD 43.07 Bn By

New York, April 20th, 2023 (GLOBE WIRE) — Market.us project that the Print on Demand will surpass USD 43.07 billion By 2032 USD 3.94 Billion In 2022 with a projected CAGR of 27.8% Between 2023 and 2032. Print-on demand (POD) technology allows for the production of printed material in small quantities or even one-off copies when ordered. It allows for greater flexibility during the printing process, as there is no need to store large quantities of inventory or print large runs. POD has revolutionized publishing. No longer do authors need to sign contracts with traditional publishers or pay up front costs for large volumes of books.

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The Key Takeaway

• Platform, by 2022 the print-on demand market will be dominated. software segment The adoption of new technologies has increased.
• The product is the apparel segment In 2022, dominated in terms of product analysis and revenue share on the print-on-demand market.
• In 2022 North America The market leader with the highest revenue shares was 40%.
• APAC The growth of online shopping is expected to be faster due to an increasing number of shopping portals, increased internet penetration and smartphone use.

Factors impacting the growth of Print on Demand

Print on Demand is impacted by several factors. These include:

• E-commerce: Print on Demand has benefited greatly from the rise of ecommerce platforms. Marketplaces such as Amazon, eBay, Flipkart, and Shoppers Stop have made it simpler for creators and entrepreneurs to sell their designs & products without needing a physical storefront or inventory.
• Low initial costs The Print on Demand sector offers low entry costs that make it accessible to more people. There are no production costs, inventory costs or shipping fees, so entrepreneurs can start their business with minimal investment.
• Customization and Personalization The Print on Demand sector offers personalization and customization options that are unmatched in traditional retail. Traditional retailers are unable to offer products that have personalized designs or customizations such as their own name or an image.
• Technological Advancement Digital printing has made it easier and cheaper to print designs of high quality on demand. This increases production speed and reduces costs associated with traditional printing methods.
• Sustainable and Ethical production As consumers become more aware of the social and environmental impact of their purchases Print on Demand is emerging as an ethical and viable alternative to traditional retail. This industry avoids excessive production and waste by only producing products when they are requested.

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Global Print on Demand Market: Top Trends

In recent years there have been a variety of developments in the global market for print on demand. Print on Demand services for clothing and accessories as well as home decor items have increased in popularity due to the increasing demand from consumers for unique and customized products. Print-on-demand is also seeing an increase in eco-friendly products and processes. Customers are becoming more eco-conscious, and therefore demand sustainable products. The growth of the market is fueled by advances in print-on-demand technology, which has enabled businesses to produce higher quality products at lower prices. You can expect more innovations in the print-on-demand technology, as well as opportunities for businesses that want to take advantage of rising demand for customized products.

Market Growth

In the past few years, POD has seen a remarkable increase in growth due to consumers’ desire for unique products that match their preferences and rising demand for personalized goods. As more people started their own online businesses, POD has seen a boost. The technological advancements also contributed to the growth of a market that is cost-effective and helps manufacture high-quality items on demand. The market’s focus on sustainability, ethical production and environmental awareness has increased its popularity with environmentally conscious consumers. The print on demand market is expected to continue growing due to the expansion of the market into new sectors such as home décor & fashion in the upcoming years.

Regional Analysis

North America is the leader in the global market for print on demand with a 40% revenue share and a CAGR expected of 27,2% over the forecast period. North America’s stable economy, manufacturing infrastructure, and technological infrastructure all play a major role in driving this market. Asia Pacific, however, is expected to have the highest CAGR of 27,9% over the forecast period due to the presence of major players, as well as the increasing adoption rates of smartphones and internet.

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Report Scope

Market Drivers

Due to increased internet use and online retail platforms, print-on-demand products are highly in demand. Print on demand platforms allow for personalized services when customers are looking to purchase more unique items. Artists and merchants who have print-on-demand businesses that need to sell online can do so either through their current platform or a new platform, depending on the platform most suitable. Service providers can print and ship orders for customers to provide a full-service fulfillment solution. Print-on-demand is also a sustainable alternative to traditional printing methods. It reduces waste and excess stock. Due to technological advances, producing high-quality prints-on-demand has become easier and more cost-effective. This has led to an increase in demand for these items.

Market Restrictions

There are limitations to the print on demand market. Digital printing may not work with certain materials, such as fabrics and textures. Print-on-demand products require more time for shipping and delivery compared to items that are already in stock. This could cause problems for customers who want their items quickly. The print on demand industry can present a number of challenges, including maintaining quality control. This is due to the fact that different vendors use different printing methods and equipment. Print on demand is becoming more saturated as new companies and individuals enter the market and offer similar products. This makes it difficult for newcomers to compete and stand out. Print on demand products may also be prone to copyright issues, as anyone can upload and print images that they don’t have the right to use.

Market Opportunities

The global market for print-on demand is growing quickly, offering many opportunities for entrepreneurs and businesses around the globe. Print on Demand technology allows companies to produce high-quality, customized products according to the needs of their customers. This eliminates the need for large inventories as well as cutting down production costs. Print on demand is gaining popularity due to the growing penetration of ecommerce and the need for customized products. From t-shirts & phone cases to books & home decor there is now an extensive range of items that can be produced using this cutting-edge technology. Businesses that invest in the print-on-demand technology will be at the forefront of a rapidly growing industry.

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Report Segmentation on the Print on Demand Market

Platform Insight

Print on Demand is segmented into two types of platforms: Software and Service. The software platform type appears to be the most lucrative within this global market for print on demand, with a projected CAGR at 26.6%. By 2022 the segment of software platforms will be responsible for 73% global software revenue. This growth is attributed to the increasing adoption of technology and investments made by service distributors on the print-on-demand market. Moreover, service providers provide various software solutions like API and design tools. Due to a large number of service providers providing drop shipping, end-to-end fulfilment solutions and other services, the segment is also expected to grow at a compound annual rate of 28,5%.

Product Insight

Markets are further segmented by type of product into apparel, accessories, home decor, drinkware or other products. Apparel, which is expected to have a market share of 37% with a projected CAGR (Compound Annual Growth Rate) of 27,4% by 2022, will be the segment that offers the highest profit margins in the global Print on Demand market. The market is expected to remain stable over the forecast period due to the growing trend of trendy fashion apparel and rapid online retail penetration within the fashion industry. Also, younger generations are looking for custom and unique products. The home decor segment, however, is expected to grow at the fastest compound annual rate of 27,8% during the forecast period. This is due to an increasing perception towards remote working due to the pandemic and more people staying home to improve their living space. A wide range of products in the home and lifestyle categories such as cushions, mats, canvas, etc. are available. Customers around the globe are driving demand in this sector.

The Print on Demand Market: Recent Development

• Gooten will announce its partnership in June 2022 with Fujifilm for the measurement of print on demand manufacturing across all organizations sizes. This partnership will bring print-on-demand services to online merchants and small enterprises as well as retailers.
• Apliiq recently announced the availability of additional Kornit systems for digital direct to garment (DTG). These installations are part of Apliiq’s newly opened Philadelphia production facility.

Below are some of most prominent players in the print-on-demand industry.

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Market Segmentation

Based on Platform

Based on Product

Geographical Location

• • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe

• • Russia
  • Poland
  • Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC

• • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America

• • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Competitive Landscape

The global print-on-demand market is dominated by key players who use a variety of strategies to grow their business and remain competitive. Research and development is heavily invested in by companies to create high-quality products that satisfy the increasing demand for this technology. To boost global revenues, print on demand market companies are resorting to tactics such as merger & acquisition, partnerships, and collaborations.

Some of the most important players are:

• Amplifier
• Apliiq
• CustomCat
• Gelato
• Gooten
• JetPrint Fulfillment
• Mint Printed
• Printful, Inc.
• Printify, Inc.
• Printsome
• Prodigi Group
• Redbubble Group
• T-Pop
• Teelaunch
• VistaPrint
• Zazzle Inc.
• Other Key Players

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