Digital Printing Market Share, Trends and Forecast 2032
The Digital Printing market size reached USD 25.20 Billion in 2021 and is expected to register a revenue CAGR of 7.4% during the forecast period to the latest analysis by Emergen Research. The increasing adoption of digital printing in the packaging industry is a major factor driving the growth of the market. In addition, the growing demand for digital printing from the textile industry is beneficial for revenue growth of the global market. One of the major advantages of this method of printing is the speed with which adjustments may be made during a manufacturing run. In contrast to full-day shutdowns, new labels and features may be swapped out in minutes. This gives a lot of flexibility when it comes to accommodating last-minute project modifications or resource swaps. When it comes to labeling, digital printing allows for variable input data, such as using unique labeling information extracted from a database rather than a single file source. Since plates do not need to be manufactured for each label set, this significantly speeds up labeling manufacturing. All the printer has to do now is double-check that the current database is the one required to complete the current task. This strategy provides for very short lead times due to the great flexibility mentioned above, making it a go-to platform for last-minute assignments with only a few days to setup.
Some of the key factors driving the growth of the global Digital Printing market include expanding R&D efforts to develop novel Digital Printing products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Digital Printing
The COVID-19 pandemic had a significant negative influence on the market for Digital Printing in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Digital Printing were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Digital Printing in 2020. Additionally, demand for Digital Printing decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Digital Printing market : Competitive Landscape
The prominent players operating in the Digital Printing market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Digital Printing market .
Some of the prominent players operating in the market are:
Avery Dennison Corporation, Hewlett-Packard Development Company, L.P, Seiko Epson Corporation, Ricoh Company, Inca Digital Printers Limited, Smurfit Kappa Group PLC, Roland DG Corporation, Westrock Company, Amcor PLC, and ARC Document Solutions LLC
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Digital Printing market ?
What are the key factors driving the Global Digital Printing market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Digital Printing market ?
Who are the distributors, traders, and dealers of Digital Printing market ?
What are the Digital Printing market opportunities and threats faced by the vendors in the Global Digital Printing industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
Ink Outlook (Revenue, USD Billion; 2019–2030)
- Aqueous
- Solvent
- UV-Cured
- Latex
- Dye Sublimation
- Others
Print Head Outlook (Revenue, USD Billion; 2019–2030)
- Inkjet
- Thermal Inkjet
- Piezo Inkjet
- Electrostatic Inkjet
- Micro-Electro Mechanical System Inkjet
- Laser
- Inkjet
Application Outlook (Revenue, USD Billion; 2019–2030)
- Books
- Commercial Printing
- Texting
- Packaging
- Labels
- Corrugated Packaging
- Cartons
- Flexible Packaging
- Metal Packaging
- Others
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Regional Bifurcation of the Digital Printing market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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