Market Size and Growth Report 2023-2031:
According to a new report by IMIR Market Research on Global Commercial Printing Market Size was valued at USD 495.5 Billion in 2022. The Commercial Printing market industry is projected to grow from USD 511.2 Billion in 2023 to USD 657.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.40% during the forecast period (2023 - 2032).
Increased demand from companies and organizations for marketing materials like brochures and pamphlets, together with improvements in printing technology, are the key market drivers enhancing the market growth.
Market Trends:
The increasing need of businesses and enterprises for advertising materials is driving the market growth
Because businesses and industries require more promotional materials like brochures and booklets, the demand for commercial printing services is growing. One of the best marketing tactics is advertising. It is now possible to produce goods of higher quality and with greater efficiency because to technological advancements including speedier presses and improved color and toner technologies. The efficiency and affordability of bulk printing are also demonstrated by technological advancements in printing methods. The constraints of digital media on printing services can be partially offset by cost effectiveness.
The exploding need for packaging and labeling in the e-commerce sector is a significant driver of the target market's growth. E-commerce retailers like Amazon, eBay, and Target are integrating cutting-edge production methods like additive manufacturing and AI-powered design tools to improve the packaging. Participants in the retail, warehousing, and logistics markets are investing in hybrid print technologies. The advantages of both analogue and digital technologies can be merged thanks to hybrid technology. Flexographic printing's dependability and effectiveness are combined with digital technology's aesthetic potential to achieve this.
Commercial printing is still essential because printed items and publications offer a distinctive experience, despite the growing use of digital media for book publishing and advertising. It cannot be contrasted with anything found online. Regular readers prefer paper publications and books to online ones because they have a more satisfying reading experience. Additionally, print books offer customers benefits like easier reading.
Print book sales in the US increased by over 68 million USD in 2021. The market is evolving because consumers are favoring print-on-demand more and more. The products are printed immediately after the consumer submits the order using the print-on-demand (POD) order delivery method. POD makes it possible for customers to get distinctive designs for a range of items. Consumer preference for customization and personalization is growing, which aids in the market's expansion.
Businesses today are emphasizing sustainability more and more. Commercial inkjet printers are gaining popularity because they use less energy, produce less carbon dioxide, and don't discharge toner dust, all of which are thought to contribute to cleaner air. In order to diversify their product offerings, personalize packaging and marketing, encourage customers to promote their brands, and adapt to seasonal demand, many firms are investing in inkjet printers. For instance, the EFI Nozomi C18000 Plus six-color single pass-LED inkjet printer was installed in 2021 at DS Smith Iberia in Lisbon, Portugal. It is predicted that the Nozomi's productivity will reduce time to market and offer printing quality on par with offset printing without the need for litho lamination. Thus, driving the Commercial Printing market revenue.
MScope of the Market Report:
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Commercial Printing Market. On the basis of historic growth analysis and current scenario of Commercial Printing market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Commercial Printing market. This further helps users with their developmental strategy.
Key Market Players & Competitive Insights:
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Commercial Printing market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Commercial Printing sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Commercial Printing industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Commercial Printing sector. Major players in the Commercial Printing market, including Quad/Graphics Inc., Acme Printing, Cenveo, RR Donnelley, Transcontinental Inc., LSC Communications US, LLC., Gorham Printing, Inc., Dai Nippon Printing, The Magazine Printing Company, Quebecor World Inc., HH Global, and Cimpress PLC, are attempting to increase market demand by investing in research and development operations.
In order to help its clients communicate effectively, RR Donnelley & Sons Co (RR Donnelley), a division of Chatham Asset Management LLC, manages all facets of their content's development, management, production, distribution, and processing. This company offers a variety of services, including direct mail, product customisation, multichannel execution, data analytics, financial printing, forms and labels, and logistics. Among the sectors that can profit from RR Donnelley's products include healthcare, insurance, advertising, publishing, consumer packaged goods, retail, technology, and finance. Businesses are operated by the main company and its subsidiaries throughout Asia, Europe, and the Americas. The headquarters of RR Donnelley are situated in the Windy City. In May 2022, R.R. Donnelley (RRD) unveiled Helium as an editing solution for companies in need of help with project management, copywriting, and content optimization.
Quad/Graphics Inc (Quad/Graphics) is the world's leading producer of print and related multichannel solutions for marketers and publishers. The company provides a wide range of goods and services, including customer insights and analytics, media services, campaign planning, creative services, technology services, content workflow services, printing, broadcasting, digital, in-store, packaging, sourcing and procurement, print and paper management, and marketing and production service outsourcing. Quad/Graphics provides services and solutions to the financial services, healthcare, insurance, publishing, and retail industries in addition to consumer packaged goods. In the Americas, Europe, Asia, and the Pacific Rim, it runs print shops. In the Wisconsin village of Sussex, Quad/Graphics' corporate headquarters are located. Quad/Graphics purchased LSC Communications US, LLC in October 2018. Thanks to this acquisition, Quad was able to focus its attention and resources on its 3.0 growth strategy.
Key Companies in the market include:
- Quad/Graphics Inc.
- Acme Printing
- Cenveo
- RR Donnelley
- Transcontinental Inc.
- LSC Communications US, LLC.
- Gorham Printing, Inc.
- Dai Nippon Printing
- The Magazine Printing Company
- Quebecor World Inc.
- HH Global
- Cimpress PLC
Industry Developments:
July 2022: Toppan was granted consideration in many top indexes for its exceptional Environmental, Social, and Governance (ESG) performance. The FTSE4Good Index Series, FTSE Blossom Japan Index, and FTSE Blossom Japan Sector Relative Index were created by FTSE Russell. The S&P/JPX Carbon Efficient Index was produced in collaboration with the Japan Exchange Group, while the MSCI Japan Empowering Women Index (WIN) was created by MSCI Inc.
May 2022: RRD unveiled Helium, an editorial solution service that provides access to qualified copywriters, content strategists, and project managers. This system may offer marketers a centralized access point to hundreds of subject matter experts in content development.
May 2022: SICURA Litho Pack ECO, a new UV offset ink for non-food paper and board applications, includes more than 40% plant-based and renewable components, according to a news release from Siegwerk.
Market Segmentation Analysis:
Commercial Printing: Printing Technology Outlook
- Digital Printing
- Lithography Printing
- Flexographic
- Screen Printing
- Gravure Printing
- Others
Commercial Printing Application Outlook
- Packaging
- Advertising
- Publishing
Market Segment Insights:
Commercial Printing: Printing Technology Insights
The global Commercial Printing market segmentation, based on Printing Technology, includes digital printing, lithography printing, flexographic, screen printing, gravure printing, and others. The sector for digital printing had the largest revenue share in 2022. Because inkjet and laser printing solutions are so inexpensive and flexible, the paper and package printing sectors have swiftly adopted them. The category is also expected to grow as a result of the application of Internet of Things (IoT) and artificial intelligence (AI) based technologies. Because digital printing offers lower prices for color prints and a higher rate of return on investment, it is frequently used in printing operations.
Commercial Printing Application Insights
The global Commercial Printing market segmentation, based on Application, includes packaging, advertising, and publishing. Packaging segment dominated the global Commercial Printing market in 2022. Labeling, tagging, and printing of flexible packaging are all included in the packaging industry. Commercial printers are allegedly implementing digital technologies to enhance packaging print quality. Increasingly, quick response (QR) codes are placed on product packaging; when scanned with a smartphone, they provide additional details about the product and promotional content.
Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Commercial Printing Market dominated this market in 2022 (45.80%). The reason for the local rise is the growing demand for commercial printing for marketing, packaging, labeling, and advertising applications. Additionally, it is projected that the presence of important firms in the area, like Quad/Graphics Inc., Acme Printing, Cenevo, and RR Donnelley, will further spur the industry's expansion. Further, In the North American area, the U.S. Commercial Printing market had the biggest market share, while the Canada Commercial Printing market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
In 2022, the Europe Commercial Printing market held a sizable market share. The advent of new technology, changing lifestyles, a rise in e-commerce, and urbanization are all factors that are promoting the growth of the printing industry in the region. Further, In the European region, the German Commercial Printing market had the biggest market share, and the U.K. Commercial Printing market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific Commercial Printing industry is anticipated to grow significantly. The majority of the blame for the regional expansion may be attributed to developments in the print sector, particularly in China and India and using digital technologies. Conventional printers have been replaced by high-tech commercial printers because of these innovations' high-speed capabilities. The region's e-commerce expansion and retail sector organization not only benefit the target market but also present enormous opportunities for package growth. Moreover, In the Asia-Pacific region, the Indian Commercial Printing market had the quickest rate of growth while China's Commercial Printing market had the greatest market share.
Commercial Printing Market Report is also available for below Regions and Country Please Ask for that
North America
Europe
- Switzerland
- Belgium
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Rest of Europe
Asia-Pacific
- India
- Australia
- Philippines
- Singapore
- South Korea
- Japan
- China
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Argentina
- Peru
- Colombia
- Brazil
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
Points Covered in the Report:
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Questions:
- How much the global Commercial Printing Market valued?
- Which region has the largest share in 2023 for the global Commercial Printing Market?
- What are the driving factors for the market?
- Which is the leading segment in the global market?
- What are the major players in the market?
Research Scope of the Market
- Historic year: 2018- 2021
- Base year: 2022
- Forecast: 2023 to 2032
- Representation of Market revenue in USD Million
Commercial Printing Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
