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.