The ‘Commercial Printing Global Market Share, Size, Price, Trends, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global commercial printing market, assessing the market on the basis of its segments like technology, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Commercial Printing Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 2.24%
With the flourishing advertising sector and the growing investments in marketing, there has been a surge in the demand for commercial printing services. Key drivers of this market include the growing shift towards digital designs for commercial printing and the increasing use of commercial printing in the packaging sector. Owing to the growing demand for packed food and condiments, folding cartons and label printing are increasing the popularity of packaging applications in the global commercial printing market.
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The incorporation of various media and document services by commercial printing vendors is anticipated to increase the applications of commercial printing services. The market is also forecasted to be influenced greatly by the uptake of digital media designing services for commercial printing that are likely to be preferred by a sizeable population due to its lower prices, higher quality, and better return on investment.
Due to the rising incidences of remote working in the last two years, the demand for printed media has increased significantly which has created opportunities for publishing applications of commercial printing. The efficiency in printing and the vibrance of the print colours are increasing the usage of various colours in large-scale printing operations, supporting the expansion of the commercial printing market.
Commercial Printing Industry Definition and Major Segments
Commercial printing refers to high volume printing that is done for businesses. printing product such as phone books, magazines, business forms, catalogues, and brochures. It provides services like unique formatting and finishing techniques for publication houses as well as large organisations for bulk printing and layout designing. With a commercial printer, publication houses and organisations can easily print high volume documents in-house at a high page per minute (PPM), without sacrificing the print quality.
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On the basis of technology, the market is segmented into:
• Offset Lithographic
• Flexographic
• Inkjet
• Screen
• Gravure
• Others
Based on application, the market is classified into:
• Packaging
• Advertising
• Publishing
• Others
On the basis of regions, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Commercial Printing Market Trends
A key trend observed in the global commercial printing market is the rising concern of people for sustainability and the shift towards eco-friendly commercial printing methods. Over the past few years, a large number of printing companies have adopted green printing, which helps in waste reduction by employing eco-friendly paper and ink. Adding to which, petroleum-based ink is being replaced with soy ink, which is a more ecological alternative.
The demand for paperback and hardcover books and magazines is still popular amongst bibliophiles. Commercial printers are a common part of publishing houses or outsourcing publishing centres and are used to print high quality magazines, paperbacks, and hardcover books that appeal to readers and are durable. QRs and barcodes, which can be scanned to verify product authenticity and readily provide additional information about the product, are increasingly being incorporated in commercial printing to add digital capabilities to printed materials.
The thriving e-commerce sector has been making great developments in line with the increased availability of personalised shopping experiences, which surges the demand for labelling and packaging and further, augments the growth of the commercial printing market. Besides, there is an increasing demand for packaging and labelling of pharmaceuticals, food products, and alcoholic beverages as per the regulations and standards of the governments of different countries.
Key Market Players
The major players in the global commercial printing market report are:
- Acme Printing
- Dai Nippon Printing
- Toppan Printing Co. Ltd
- Transcontinental Inc.
- Quad/Graphics, Inc
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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