Overview and Scope
The commercial printing services refer to printing services for businesses. Commercial printing services mean the collection of services, including bulk printing, mass printing, binding, composition, layout design, and press production.
Sizing and Forecast
The commercial printing services market size has grown steadily in recent years. It will grow from $687.6 billion in 2023 to $713.85 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to advertising and marketing needs
increased printed collateral demand, growth of the publishing and media industry, increased need for branding and identity, increased packaging and labeling, and commercial real estate growth
The commercial printing services market size is expected to see steady growth in the next few years. It will grow to $817.73 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to inceasing need for digital printing and personalization, growing sustainable and eco-friendly printing practices, e-commerce packaging and labeling, data-driven marketing solutions, online printing and print-on-demand. Major trends in the forecast period include adoption of artificial intelligence technologies, iot integration, technological advancements, automation and workflow efficiency, and packaging innovation.
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The commercial printing services market covered in this report is segmented –
1) By Printing Type: Offset Lithography Printing, Digital Printing, Flexographic Printing, Screen Printing, Gravure Printing, Other Printing Types
2) By Print Type: Image, Painting, Pattern, Other Print Types
3) By Application: Advertising, Periodicals, Catalogs, Office Products, Directories, Labels and Wrappers
Asia-Pacific was the largest region in the commercial printing service market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial printing services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing advertising needs of enterprises across the globe is driving the growth of commercial printing services. Advertising helps businesses to reach the right audience with positive and focused messaging that converts potential customers into paying customers and also helps to reach the right audience with targeted messaging that converts potential consumers into loyal customers. Therefore, an enterprise across the globe has been adopting different advisement mediums to grow their business and approach the target audience. According to the Pitch Madison Advertising Outlook Report 2022, In India, ad spending on print media increased by 39% to 16,595 crores in 2021 from 11,925 crores the previous year. Therefore, the growing advertising needs of enterprises across the globe will increase the demand for commercial printing services during the forecast period.
Key Industry Players
Major companies operating in the commercial printing services market include Quad/Graphics Inc., Dai Nippon Printing Co. Ltd., ACME Printing Inc., Quebecor World Inc., Toppan Printing Co. Ltd., R.R. Donnelley & Sons Co., Transcontinental Inc., LSC Communications LLC, Gorham Printing Inc., The Magazine Printing Company, Workflow Imaging Systems Limited, World Color Press Inc., Bertelsmann SE & Co KGaA, Cenveo Corporation, Cimpress PLC, Ennis Inc., O’Neil Printing Inc., Taylor Communications Corporation, The Standard Group, The Vomela Companies, The Garvey Group LLC, The Sheridan Group, The Segerdahl Corporation, The John Roberts Company, The Dingley Press Inc., The C.J. Group of Companies, The Bureau of Engraving and Printing, Yunker Industries Inc., Strategic Factory, HBP Inc.
The commercial printing services market report table of contents includes:
1. Executive Summary
2. Commercial Printing Services Market Characteristics
3. Commercial Printing Services Market Trends And Strategies
4. Commercial Printing Services Market – Macro Economic Scenario
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31. Global Commercial Printing Services Market Competitive Benchmarking
32. Global Commercial Printing Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Commercial Printing Services Market
34. Commercial Printing Services Market Future Outlook and Potential Analysis
