The global digital printing market size was US$ 22.2 billion in 2021. The global digital printing market is forecast to grow to US$ 39.2 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.

Digital printing systems are highly used as advanced printing technology to offer accurate, short-run, and cost-effective color printing. The digital printing system is used to develop high-quality finish products at affordable rates. They are used to develop marketing material such as business cards, direct mail, letters, etc.

Factors Influencing the Market

The inkjet printing solutions are gaining significant traction due to their flexibility and cost-efficiency. In addition, the rising adoption of IoT and AI-based technologies will surge the growth of the global digital printing market.

Digital printing technologies find their wide applications in the consumer electronics industry. The surging demand for efficient consumer electronics will significantly contribute to the growth of the global digital printing market.

The rising demand for sustainable printing solutions across various industries, such as pharmaceutical, label, and healthcare industries, will escalate the growth of the industry. Further, an increasing number of technological advancements will also benefit the global digital printing market throughout the forecast period.

On the contrary, the need for high initial investment for digital printing plants may limit the growth of the market.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic negatively affected the global digital printing market. However, the market witnessed significant opportunities in the healthcare and pharmaceutical industries. These two sectors witnessed abrupt burden and crucial need to develop novel drugs and treatment. The global digital printing market observed substantial growth in the pharmaceutical and healthcare industry. Moreover, the use of printers declined abruptly among the organization. Most of the organizations began operating on the remote mode. Thus, it hampered the growth of the digital printing market. On the contrary, the rising demand for flexible packaging surged the growth of the digital printing industry during the COVID-19 pandemic.

Regional Analysis

The Asia-Pacific digital printing market is forecast to grow at the highest growth rate due to the rising demand for consumer electronics and packaged goods. In addition, rising digitization and the presence of prominent textile printing dealers will benefit the market during the study period. Furthermore, the growing pharmaceutical industry and increasing demand for novel drugs and devices will contribute to the growth of the digital printing market.

Competitors in the Market

Canon
Hewlett-Packard Development
Ricoh Company
Mimaki Engineering
Roland DG Corporation
Seiko Epson Corporation
Xerox Corporation
Durst Phototechnik AG
Inca Digital Printers Limited
Printronix
Brother Industries
Oki Electric Industry
Toshiba
Samsung Electronics
Other Prominent Players
Market Segmentation

The global digital printing market segmentation focuses on Printhead, Ink Type, Application, Product, and Region.

By Printhead Type Outlook

Inkjet
Laser
By Ink Type Outlook

UV-Cured Ink
Aqueous Ink
Solvent Ink
Latex Ink
Dye Sublimation Ink
By Application Outlook

Plastic Film or Foil
Release Liner
Glass
Textile
Paper
Ceramic
Others
By Product Type Outlook

Digital Printers
Ink
Printhead
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America