Global Commercial Printing Market to Reach USD 613.27 Billion by 2031 | CAGR of 3.1%
Category : Industry Services | Published Date : Nov 2024 | Type : Press Release
Commercial Printing Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Commercial Printing Market was valued at USD 479.37 Billion in 2023 and is projected to reach USD 613.27 Billion by 2031, growing at a CAGR of 3.1% from 2024 to 2031. Commercial printing is a specialized industry that provides printed materials to businesses, organizations, and individuals, covering a wide array of applications, including direct mail marketing materials, books, posters, catalogs, magazines, transactional statements, and packaging. It employs high-quality printing technology for large-volume print runs, essential for branding, communication, and promotional activities.
The report comprises the Commercial Printing Market Share, Size & Industry Analysis, By Type (Offset Lithography, Inkjet, Flexographic, Screen, Gravure), Application (Packaging, Advertising, Publishing), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Commercial Printing Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising advertising needs and demand for high-resolution printing drive the market, while technological investments in advanced printing solutions offer significant growth opportunities.
Segmental Analysis :
Based on type, the market is segmented into offset lithography, inkjet, flexographic, screen, and gravure.
- Offset Lithography held the largest revenue share in 2023, known for its versatility and high-volume printing capabilities for applications across various flat surfaces.
- Inkjet is projected to grow at the fastest CAGR, driven by its adaptability for on-demand, short-run, and variable-data printing in advertising and packaging.
Based on application, the market includes packaging, advertising, and publishing.
- Packaging led with a 49.37% revenue share in 2023, driven by the demand for visually appealing and branded packaging in retail and e-commerce sectors.
- Publishing is expected to grow at a notable CAGR as demand for high-quality printed materials in books, magazines, and newspapers sustains despite digital trends.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2023, with significant growth in packaging and e-commerce, particularly in China, which held a 30.4% share.
- North America is expected to see substantial growth, driven by demand for commercial printing in advertising and packaging, with the U.S. as a prominent contributor.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 613.27 Billion |
| CAGR (2024-2031) | 3.1% |
| By Type | Offset Lithography, Inkjet, Flexographic, Screen, Gravure |
| By Application | Packaging, Advertising, Publishing |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Commercial Printing Industry:
- Xerox Corporation (United States)
- Canon Inc. (Japan)
- HP Inc. (United States)
- Seiko Epson Corporation (Japan)
- Ricoh Company, Ltd. (Japan)
- Toppan Printing Co., Ltd. (Japan)
- Roland DG Corporation (Japan)
- Cimpress plc (Ireland)
- Taylor Label (United States)
- Dai Nippon Printing Co., Ltd. (Japan)
Recent Industry Developments :
- In January 2024, Agfa and EFI announced a strategic partnership to enhance the wide-format inkjet printing market, providing new solutions for high-quality printing.
- In March 2023, Offset Print & Packaging installed one of the first Koenig & Bauer Rapida 145 presses in the UK, enabling faster and higher-quality production for commercial printing.
