ACCORDING TO.... 2023 DIGITAL PRINTING MARKET SHOWS GREAT PROMISE FOR PRINT

The Digital Printing Market size is projected to reach $43 billion by 2030, growing at a CAGR of 7.2% during the forecast period 2023-2030.

The desire for high-quality, cost-effective graphics along with environmental sustainability is expected to drive attention toward digital printing, more specifically UV-curable ink-based printing.

Dominance of Asia-Pacific Region: Geographically, Asia-Pacific (Digital Printing Market) is anticipated to grow at the fastest CAGR of 8.4% during the forecast period of 2023-2030. It is due to the increasing popularity of e-commerce-enabled packaged items. According to a report, by 2027, the user penetration of e-commerce would reach 72.9% in the region, which is definitely going to expand the Digital Printing Market opportunities.

Inkjet segment holds the largest market share @ 57.4%.

Dominance of the UV Curable Ink segment: Based on Ink Type, the UV Curable Ink Segment is anticipated to register the fastest CAGR of 7.6% during the forecast period of 2023-2030, owing to its durable color quality and reduced health hazard.

Emergence of Advanced Printing Techniques: 3D printing, sheet-fed digital printing and printed electronics are going to be key digital printing market trends. According to the Digital Printing market forecast, the 3D printing industry would grow by $7.5 billion between 2022 and 2024.

Demand for Print Security: According to a survey, 68% of the organizations have reported one or more print-related data losses that have caused severe disruptions of service. The reliance on printing demands a robust print-security infrastructure. This increasing demand for shielding against data breach issues is going to change the dynamics of the digital printing market opportunities in a positive manner.

Source: https://www.industryarc.com/Report/19310/digital-printing-market.html