Digital Printing Is Fastest Growing Segment Fueling The Growth Of Commercial Printing Market

 

https://www.coherentmarketinsights.com/market-insight/commercial-printing-market-5669
Commercial Printing Market

Market Overview:

The commercial printing market comprises companies providing printing services and products. This includes products such as books, magazines, catalogs, and advertising materials. Advances in printing technologies have enabled high-quality, customized, and efficient printing services.

Market key trends:
One of the key trends in the commercial printing market is the rising adoption of digital printing. Digital printing allows for on-demand, short-run printing with greater design flexibility and quick turnarounds compared to traditional printing methods. It enables versions and allows customers to order customized quantities. This saves inventory costs for printers and distributors. The technology has significantly reduced per-piece printing costs for low-volume jobs.

Segment Analysis
The global commercial printing market is segmented on the basis of printer type, application, and geography. Based on printer type, the commercial printing market is segmented into digital and conventional printers. Digital printers are further divided into electrophotography, inkjet, dye-sublimation, and others. Conventional printers are divided into offset lithography, flexography, screen printing, and gravure printing. The offset lithography segment dominates the conventional printer segment owing to its ability to produce high-quality prints with less turnaround time. It provides cost-effective short-run and variable data printing options.

The global Commercial Printing Market Demand is estimated to be valued at US$ 451.98 Bn in 2023 and is expected to exhibit a CAGR of 1.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways

The global commercial printing market is expected to witness high growth, exhibiting CAGR of 1.7% over the forecast period, due to increasing demand from retail, packaging, publishing, and advertising industries. Growing digitalization and variable data printing are also fueling the market growth.

Regional analysis: North America dominates the global commercial printing market, accounting for around 35% share of the total market revenue. This is attributed to a well-developed printing industry and high demand from retail and packaging industries in the region. Asia Pacific exhibits the fastest growth in the market due to the expansion of printing industries, low production costs, and growing demand from China and India.

Key players: Key players operating in the commercial printing market are ACME Printing, Cenveo Corporation, R.R. Donnelley & Sons, Vistaprint (CIM PRESS PLC), Toppan Co Limited, Transcontinental Inc., and LSC Communications US LLC. ACME Printing and Cenveo Corporation dominate the market due to their extensive product portfolios and global presence.

Read More: https://www.dailyprbulletin.com/rising-demand-for-customized-and-versatile-printing-solutions-trend-and-share-analysis/

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