Authored By: Sarah
11 Jul 2024

 Industrial Printing Market to grow by USD 95.8 billion between 2024-2028

According to a research report “ Industrial Printing Market” by Application (Packaging, Textiles, Electronics, Others) Service (Print services, Other services) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 95.8 billion at a CAGR of  9.44% during the forecast period. In the developed business markets of the US, Canada, and the UK, there has been a notable trend towards the consumption of packaged food and beverages, including RTE meals and instant mixes, as well as canned goods. This shift can be attributed to heightened business awareness regarding the safety and contamination resistance benefits of such products. Packaged food offers superior protection against physical and environmental damage during handling, transportation, distribution, and storage, ensuring optimal product quality. The convenience and RTE food sectors have experienced significant growth globally..

Browse market data tables, figures, and in-depth TOC on “Industrial Printing Market” by Application (Packaging, Textiles, Electronics, Others) Service (Print services, Other services) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028.

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By Application, the Packaging segment is projected to dominate the market size in 2024.

In the dynamic business landscape, the industrial printing market has witnessed significant growth. Vendors like Ricoh offer comprehensive solutions, encompassing hardware, software, and workflow, to enhance print quality, efficiency, and cost savings for industries, including packaging. Industrial print services alleviate concerns over ink changes and equipment maintenance, while ensuring regulatory compliance. Moreover, managed print services (MPS) optimize document creation devices and associated business processes for enhanced efficiency.

By Service, Print services  segment is expected to hold the largest market size for the year 2024.

The industrial printing market is poised for significant expansion during the forecast period, fueled by the surging demand for packaged goods resulting from demographic shifts. Furthermore, the escalating penetration of e-commerce and organized retail sectors worldwide is set to bolster market growth. According to UNCTAD data, global e-commerce sales have experienced substantial growth in numerous countries, a trend driven by the expanding influence of leading B2C e-commerce players, including Amazon, Walmart, eBay, and JD.

APAC is forecasted to hold the largest market size by region in 2024.

The industrial printing market witnesses robust growth, driven by the increasing demand for customized and efficient production processes. Key industries, such as packaging, automotive, and construction, leverage advanced printing technologies to enhance product quality and streamline operations. Market players focus on innovation, sustainability, and cost-effectiveness to cater to evolving customer needs and maintain a competitive edge.

The Industrial Printing Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ACME printing
  • Adobe Inc.
  • Applejet India OPC Pvt. Ltd.
  • Brother Industries Ltd.
  • Cefla SC
  • Dai Nippon Printing Co. Ltd.
  • Danaher Corp.
  • Electronics For Imaging Inc.
  • HP Inc.
  • Inkcups Now Corp.
  • Nano Dimension Ltd.
  • Pannier Corp.
  • Physik Instrumente GmbH and Co. KG
  • Rex Tone Industries Ltd.
  • Ricoh Co. Ltd.
  • RR Donnelley and Sons Co.
  • Stratasys Ltd.
  • The Odd Factory
  • Transcontinental Inc.
  • Zebra Technologies Corp.
.

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Research Analysis Overview

The industrial printing market encompasses various techniques, including Inkjet printing and Laser printing, as well as traditional methods such as Electrophotography and Sheetfed offset printing. Design and print production play crucial roles in this industry, with a focus on Vertical integration and Crossmedia integration to streamline processes and meet Customer demands. Sustainability is a significant trend in the printing sector, with an emphasis on using Recyclable materials and Biodegradable materials. Renewable energy sources are being integrated into printing processes to reduce carbon footprints and promote Sustainable printing. Advancements in technology have led to innovations like Augmented reality and Interactive printing, adding value to Printed materials and Wideformat printing. Sustainable packaging and Product branding are essential areas of growth, driven by increasing marketing budgets and the shift towards Digital advertising. Variable data printing and Shortrun printing cater to personalized needs, while Traditional print continues to hold its ground in specific applications. Energy-efficient Lithography printing is another area of interest, offering cost savings and improved productivity. Key players in the market include RR Donnelley, Cenevo, and Acme Printing, among others, who are constantly innovating to meet evolving customer needs and industry trends.

Market Research Overview

The industrial printing market encompasses various processes, including Inkjet printing, Laser printing, Electrophotography, Sheetfed offset printing, and Lithography printing. These printing techniques cater to diverse industries such as Healthcare, Architecture, Product design, and Niche segments. The use of Recyclable materials and Biodegradable materials in printing is a significant trend, aligning with the global push towards Sustainable printing. Vertical and Crossmedia integration have become essential in print production, enabling the creation of Augmented reality, Interactive printing, and Smart printing applications. Renewable energy sources are increasingly being adopted for powering printing operations, contributing to a more sustainable industrial printing landscape. Key players in the market include Commercial Printers like Cenevo, Acme Printing, and RR Donnelley. They offer services ranging from Print orders and Promotional products to Wideformat printing and Sustainable packaging. The market is fragmented, with Hybrid print solutions emerging as a popular choice for meeting Customer demands and Variable data printing needs. Industries such as Tobacco Products, Label Printing, Flexible Packaging, and Folding Cartons rely heavily on the industrial printing market for Product branding and Advertising materials. Digital Printing technologies, like those from Xeikon, continue to gain traction, offering shortrun and Personalized printing capabilities.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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