A recent report published by Infinium Global Research on digital printing market provides in-depth analysis of segments and sub-segments in the global as well as regional digital printing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital printing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global digital printing market. According to the report, the global digital printing market is projected to grow at a CAGR of 6.1% over the forecast period of 2020-2026.

Market Insight

The future of print is taking up the exciting innovative waves of communication and media innovation. The industry is now positioned to expand, especially with the oversaturation and privacy issues digital platforms experience today, though the use of print has declined over the last two decades. The evolution of 3D printing technology has seen rapid development as numerous companies adopting this technology. The applications and use cases vary across industries, but broadly include tooling aids, visual and functional prototypes and even end parts. Companies are beginning to find ways to create new business models and opportunities as increasing the potential applications for 3D printing.

An increase in the use of digital printing in institutions, offices, and a professional service firm for large-scale printing requirements is a major driving factor of the digital printing market. Furthermore, the other driving factors of the market are increasing demand across the textile industry for printing, growing applications in the packaging industry, and a broad range of applications of 3D printing. In the future, expansion in the textile printing industry is likely to stimulate the application of digital printing technology in the market. Expansion in the industrial and IT sectors is boosting the digital printing market growth. The cost-effectiveness and reduced packaging waste and rising investments in packaging printing machinery from the industrial sector will fuel the digital printing market growth. However, high initial capital investments hinder the digital printing market growth. Moreover, the increasing technological advancements produce new opportunities for the growth of the digital printing market. The current concern over the spread of coronavirus is expected to have a negative impact on the digital printing market. The unending COVID-19 epidemic has unpleasantly affected the electronics and semiconductor industry with manufacturing operations provisionally suspended across major manufacturing hubs, leading to a generous slowdown in production. Several key players have deferred their manufacturing operations in countries such as China, India, South Korea, and Europe.

Among the geographies, the North America region is expected to hold the largest share in the global digital printing market owing to technological development in the region. Further, factors such as the adoption of advanced technology and growing research and development activities have accelerated the growth of the digital printing market in the North American region. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period owing to the increasing usage of digital printing in China and India. The printing industry in China is showing a high level of enthusiasm and interest toward new, data-based business models, digital platform solutions, and end-to-end digitized value creation chains. The digital printing penetration has enabled the local designers to have online access to over 12,000 folding carton designs, making the designing of packaging a forefront toward adoption.

Segment Covered

The report on global digital printing market covers segments such as ink type, substrate, and application. On the basis of ink type, the sub-markets include reactive, acid, direct disperse, sublimation, pigment, and others. On the basis of substrate, the sub-markets include cotton, silk, polyester, and others. On the basis of application, the sub-markets include clothing, household, technical textiles, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as AGS Transact Technologies Limited, AM Printex Solutions, Huntsman Corporation, China Dyeing Holdings Ltd., Hollander B.V, Dazian Llc, Dickson Coatings, Digitex India Inc., Fisher Textiles Inc., and Mehler Texnologies GmbH.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of digital printing market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.