Printing Global Market Size, Share, Trend Analysis, By Technology, By Application, By End User, By Region and Segment Forecast 2024-2033 | Canon Inc., Toppan Inc., Gannett Co Inc., ENNIS Inc., Raksul Inc.

The Printing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Printing Global Market Report 2024, The printing market size has grown steadily in recent years. It will grow from $356.84 billion in 2023 to $374.31 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to publishing industry growth, packaging requirements, global economic conditions, environmental regulations, consumer preferences.

The printing market size is expected to see steady growth in the next few years. It will grow to $443.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to sustainable printing practices, e-commerce packaging, smart packaging, remote work impact, health and safety concerns. Major trends in the forecast period include 3d printing advancements, digital printing, personalization in printing, augmented reality (ar) integration, smart printing solutions, hybrid printing technologies.

Rising requirement for packaging in e-commerce is expected to propel the growth of the printing market. E-commerce packages are custom printed and are commonly used by the expanding e-commerce retailers. For instance, according to data by U.S. Census Bureau, an agency of the government of the US, U.S. retail e-commerce sales during the third quarter of 2022 totaled $265.9 billion, an increase of 3% over the second quarter of 2022. While total retail sales climbed 9.1% percent during the same period, the third quarter 2022 e-commerce sales increased 10.8% percent from the third quarter 2021. Hence, the growing e-commerce market is expected to generate demand for printing, driving the market in the forecast period.

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The printing market covered in this report is segmented –
1) By Type: Commercial Printing (except Screen And Books), Commercial Screen Printing, Books Printing
2) By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, OffSet Printing, Other Technologies
3) By Application: Packaging, Advertising, Publishing, Other Applications

Major companies operating in the printing market are increasing their focus on introducing multi-feature printers to gain a competitive edge in the market. Multi-feature printers refer to devices that combine several essential office functions into a single machine. For instance, in July 2023, HP Inc., a US-based technology company, launched a new series of LaserJet Pro printers that come with scan, print, and copy features. These printers are designed to be versatile and efficient, with wireless and automatic 2-sided printing capabilities. The printers have faxing capabilities as well, making them an excellent tool for businesses and individuals who require high-quality printing, scanning, copying, and faxing. The HP Smart app enables mobile printing and scanning, making the process even more convenient.

The printing market report table of contents includes:
1. Executive Summary