Growing Demand From Packaging Industry Fueling Commercial Printing Market Growth

 

commercial printing market 

The commercial printing market involves the printing of various commercial products like magazines, brochures, labels, packaging, and more for end-use industries. Commercial printing is an integral part of packaging. It provides quality, protection, promotion of goods, and ensures communication with customers. Commercial printing plays a vital role in the packaging industry by printing graphics, instructions and product information to attract customers. The global commercial printing market is estimated to be valued at US$ 451.98 Bn in 2023 and is expected to exhibit a CAGR of 1.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Digitization is one of the key trends being witnessed in the commercial printing market. The emergence of digital printing press technology enables variable and personalized printing according to customer requirements thereby improving print quality. Digital printing uses digital-based image capture and reproduction technology as compared to analog printing. This allows on-demand printing and instant turnaround times. The digitization of commercial printing press allows printing customized packages, enhanced designs and vibrant colors conveniently. This in turn is fueling the demand for digital commercial printing and boosting the market growth.

Segment Analysis

The global commercial printing market is dominated by offset lithography printing segment. Offset lithography printing accounts for over 50% of the total market share as it produces high-quality, full-color print at relatively low per-unit costs due to mass production capabilities. It is ideal for printing magazines, brochures, catalogs and flyers. Digital printing is the fastest growing segment and is expected to gain market share majorly at the expense of the offset lithography segment. Digital printing provides on-demand, short-run production and variable data printing capabilities.

Key Takeaways

The global Commercial Printing Market Size is expected to witness high. Regional analysis shows that Asia Pacific region dominates the market and is expected to continue its dominance during the forecast period. Wide availability of cost-effective labor and raw materials along with presence of key industry players have boosted the commercial printing market in Asia Pacific region.

Key players operating in the commercial printing market are ACME Printing, Cenveo Corporation, R.R. Donnelley & Sons, Vistaprint (CIM PRESS PLC), Toppan Co Limited, Transcontinental Inc., and LSC Communications US LLC. ACME Printing leads the commercial printing market owing to its dominance in printing magazines, catalogs and flyers. Cenveo Corporation focuses on printing direct mails, books and packaging.

The global commercial printing market size for 2023 is US$ 451.98 Bn. Regional analysis related content comprises Regional analysis shows that Asia Pacific region dominates the commercial printing market with over 35% share and is expected to continue its dominance during the forecast period of 2023 to 2030. Wide availability of cost-effective labor and raw materials along with presence of key industry players have boosted the commercial printing market in Asia Pacific region.

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