Enjoy complimentary customisation on priority with our Enterprise License!
The industrial printing market size is forecast to increase by USD 95.8 billion, at a CAGR of 9.44% between 2023 and 2028. The market's expansion relies on several pivotal factors, including the heightened demand for packaged food and beverage items driven by evolving consumer lifestyles and preferences. Concurrently, the rising adoption of digital printing technologies within the packaging sector enhances product customization and branding capabilities, contributing to market growth. Moreover, the burgeoning textile industry plays a significant role, as it drives the demand for packaging materials and innovative solutions. This intersection of factors underscores the dynamic nature of the market, with each element influencing and complementing the others. As consumer habits evolve and industries continue to innovate, the market for packaged food and beverage products is poised for sustained growth, propelled by these interconnected dynamics. Our market growth analysis report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
To learn more about this report, Request Free Sample
The market experiences dynamic growth fueled by lithography printing and digital advertising. Marketing budgets drive innovation in traditional print, personalized printing, and short-run printing. Variable data printing meets diverse customer demands while enhancing product branding. The market emphasizes sustainability with sustainable packaging, wide-format printing, and printed materials. Emerging trends include interactive printing and augmented reality, alongside a shift towards renewable energy and biodegradable materials. Challenges lie in cross-media integration, vertical integration, and print production optimization across sheetfed offset printing, electrophotography, laser printing, and inkjet printing technologies.
There has been an increasing preference among consumers in advanced countries, like the United States, Canada, and the United Kingdom, for packaged food and drink such as RTE meals, instant mixes, and cans. This preference can be attributed to the rising consumer awareness regarding the benefits of consuming packaged food products. In terms of food quality, packaging is superior to unpackaged foods in that it protects from any physical and environmental damage as a result of its handling, transport, distribution, or storage.
Moreover, the global consumption of packaged beverage products has increased in recent years, which is attributed to the rise in demand for carbonated soft drinks (CSDs), packed juices, alcoholic beverages, and bottled water. In addition, a high growth rate of sales has been recorded in the further drinks category which includes RTD coffee and tea products from Asia Pacific as well as Europe due to increased demand. Thus, the increase in global consumption of food and beverage products will drive the demand for packaging and, in turn, printing services. This, in turn, will propel the growth of the global market during the forecast period.
Flexographic printing is used for the transfer of ink onto a substrate by means of flexible plates. For medium to long-run printing, simple designs, and color combinations it's an economical alternative to digital printing. Solutions for flexographic label printing can run at high line speeds. Hence, they can be used to print large orders in short lead times. Flexographic label printers produce labels quickly, and their inks are less expensive than those used by digital label printers.
Moreover, flexographic printing also offers the freedom of printing on a wide variety of porous and non-porous materials such as cardboard, paper, and fabric. It may be used for the production of prime product labels, industrial labels, tamper-evident labels, warning labels, medical labels, bar codes, and barcode labels. The use of flexographic printing in the manufacture of labels for applications like packaging food, clothing, toiletries, health information labels, kitchenware, chemicals label, and many others has been enhanced by these advantages. Therefore, the benefits associated with flexographic printing will drive the growth of the global market during the forecast period.
Turbulence in material prices is one of the key challenges faced by the global printing industry. Depending on a number of factors such as supply and demand, production costs, or geopolitical circumstances, the price of raw materials may be significantly different for printing inks, dyes, and substrates. When raw material prices are high, it can be difficult for companies to maintain profit margins without passing on the additional cost to customers, which could result in a loss of customers. On the other hand, when raw material prices are low, companies may face pressure from customers to reduce prices, even if their production costs have not decreased.
However, to mitigate the impact of raw material price fluctuations, industrial printing companies try to negotiate long-term supply contracts with their suppliers. Alternative materials or suppliers which could offer better stability of prices may also be explored. In the long run, it is necessary to adopt an active and comprehensive approach in terms of managing fluctuations in raw material prices so as to help printing companies retain their competitiveness and remain profitable. Thus, fluctuations in raw material prices are anticipated to negatively impact the growth of the market in focus during the forecast period.
The packaging segment will account for a major share of the market's growth during the forecast period. The global packaging industry is expected to witness a high growth rate during the forecast period. One major factor in this growth is an increase in the demand for packaged products as a result of demographic changes.
Customized Report as per your requirements!
The packaging segment was valued at USD 65.40 billion in 2018. Manufacturers focus on packaging to create brand value and awareness, which attracts customers. One major factor in this growth is an increase in the demand for packaged products as a result of demographic changes. Such factors will drive the growth of the packaging segment and, in turn, the market in focus during the forecast period.
For more insights on the market share of various regions Download Sample PDF now!
APAC is estimated to contribute 48% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in APAC is anticipated to exhibit a high demand for industrial printing from countries such as China, India, the Philippines, Vietnam, and Thailand. Demand for printing in the packaging sector is expected to increase as a result of population growth and rising purchasing power parity, notably with regard to food and beverages. It is also a source of advantage that materials and labor are inexpensive. During the forecast period, several established major players in the market are likely to enter into strategic alliances with local companies to consolidate the market share. Therefore, the market has a promising growth prospect in this region.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACME printing: The company offers industrial printing services through corporate printing on mugs, T-shirts, and umbrellas, bags.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, 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., and Zebra Technologies Corp.
Technavio's market growth and forecasting report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
You may also interested in below market reports:
In the dynamic landscape of Industrial Printing, commercial printers drive innovation in printing processes. DS Smith Iberia specializes in folding cartons and flexible packaging solutions, catering to diverse industries such as tobacco products, advertising, and promotional materials. The market embraces hybrid print technologies, combining traditional and digital methods for enhanced efficiency. With a focus on sustainability, recycled paper and sustainable printing practices gain traction, meeting the demands of an environmentally conscious global economy. Niche segments like 3D printing revolutionize product design across various sectors, including architecture and healthcare, while smart printing solutions offer customized and efficient printing experiences.
Additionally, the market exhibits a fragmented structure, accommodating various players catering to diverse needs. Industries rely on industrial printing for promotional products and fulfilling print orders promptly. Customized 3D-printed prototypes are gaining traction, offering innovative solutions for product design and development. This segment of the market is dynamic and evolving, driven by the demand for personalized and visually appealing printed materials across sectors. As technology advances, industrial printing continues to play a pivotal role in meeting the diverse printing needs of businesses worldwide.
Furthermore, in the realm of Industrial Printing, lithography printing and digital advertising stand as prominent pillars. Marketing budgets fuel innovations in traditional print and personalized printing, meeting diverse customer demands and enhancing product branding. Sustainable packaging drives the shift towards biodegradable and recyclable materials, supported by renewable energy sources. Wide-format printing and interactive printing solutions redefine print production, integrating augmented reality for immersive experiences. Vertical integration streamlines processes, while sheetfed offset printing, electrophotography, laser printing, and inkjet printing technologies cater to various industrial needs, ensuring versatility and efficiency in solutions.
Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.44% |
Market growth 2024-2028 |
USD 95.8 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.39 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., and Zebra Technologies Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Service
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.