Global Digital Printing Market Report and Forecast 2024-2032

Global Digital Printing Market Outlook

The global digital printing market size reached nearly USD 28.88 billion in 2023. The market is projected to grow at a CAGR of 5.8% between 2024 and 2032 to reach a value of around USD 47.70 billion by 2032.

Key Trends in the Market

Digital printing refers to a type of printing process in which digitalised images are directly printed into various media. In this process, droplets of ink are transferred to a chosen surface such as shirts, mugs, and bags, among others, thereby printing a precise finished image onto it.

• The emergence of personalised printing is one of the crucial digital printing market trends. As businesses and enterprises recognise the potential of personalised printed content for clients, digital printing is witnessing heightened usage in printing catalogues, books, and various marketing products.

• The increasing demand for UV-cured ink is another crucial trend contributing to the global digital printing market growth. This type of ink is highly durable and resistant to scratching, smudging, and rubbing. This makes it applicable in digital, offset, flexo, and litho, among other types of printing.

• Digital printing is used extensively in the packaging sector as it can streamline and reduce the time associated with the printing process. It does that by transferring the digital file directly into the printer, which leads to an efficient colour output from the screen to the packaging substrate. Hence, the growth of sectors like FMCG, and e-commerce, among others is expected to fuel the digital printing market demand in the forecast period.

Market Analysis

Based on ink type, the market is segmented into aqueous ink, solvent ink, latex ink, UV-cured Ink, and dye sublimation ink. On the basis of print head type, the market is classified into inkjet and laser printer.

By application, the digital printing market segmentation includes books, commercial printing, textile, and packaging, among others. The major regional markets for digital printing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global digital printing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Canon Inc. 

• Seiko Epson Corporation 

• Ricoh Co. Ltd. 

• HP Development Company, L.P.

• Flint Group (Xeikon) 

• Roland DG Corporation 

• Kyocera Corporation

• Xerox Holdings Corp. 

• Durst Group AG 

• Agfa-Gevaert NV 

• Others

Market Share by Ink Type

As per the digital printing market analysis, solvent inks are expected to witness a heightened growth in the forecast period. These inks are ideal for outdoor applications as they are waterproof, fade-proof, non-absorbent, and scratch-resistant. Apart from these properties, solvent inks are highly durable, which makes them applicable in extreme environmental conditions. In this regard, solvent inks are widely utilised in packaging and outdoor signage applications.

Market Share by Print Head Type

Inkjet print head accounts for a significant portion of the digital printing market share. This can be attributed to the high printing speed offered by this print head type, without compromising the quality of the end printed product. This saves time and improves the efficiency of end users.

In addition, there is a healthy demand for thermal inkjet technology in outdoor signage and textile applications. Moreover, it can print images efficiently on a variety of surfaces according to the user’s needs such as decorative paper, plastic, and steel, among others.

Competitive Landscape

Canon Inc. is a multinational corporation which provides high-end photography products such as lenses, cameras, scanners, and printers, among others. The company is known to produce versatile imaging technologies.

Seiko Epson Corporation is a leading electronics company which is one of the largest manufacturers of printers and imaging-related equipment. It was founded in 1942 and is currently headquartered in Nagano, Japan.

Ricoh Co. Ltd. is a multinational imaging and electronics company headquartered in Tokyo, Japan. The company deals with the production and supply of printing-related equipment such as printers, copiers, and digital cameras, among others.

Other digital printing market players include HP Development Company, L.P., Flint Group (Xeikon), Roland DG Corporation, Kyocera Corporation, Xerox Holdings Corp., Durst Group AG, and Agfa-Gevaert NV, among others.

Key Highlights of the Report