The Latest Digital Print Industry Statistics Explained
The global digital printing market size is projected to reach USD 34.85 billion by 2027.
The statistic indicates that the global digital printing market is expected to continue growing substantially, with a projected market size of USD 34.85 billion by the year 2027. This growth is likely driven by technological advancements in digital printing, which offer advantages such as faster turnaround times, customization capabilities, and cost efficiencies compared to traditional printing methods. The increasing demand for personalized and on-demand printing solutions across various industries such as packaging, advertising, textiles, and publishing is also contributing to the expansion of the digital printing market. As companies seek more efficient and sustainable printing solutions, the market is anticipated to experience significant growth over the next few years.
Digital printing accounted for 16.2% of the global print market value in 2018.
The statistic “Digital printing accounted for 16.2% of the global print market value in 2018” indicates that out of all the print services and products consumed worldwide in 2018, digital printing technology contributed to 16.2% of the total market value. This suggests that digital printing has gained significant popularity and market share compared to traditional printing methods. The statistic highlights the growing trend towards digitalization in the printing industry, likely driven by factors such as cost-effectiveness, faster turnaround times, and advancements in technology. It also implies a shift in consumer preferences towards more personalized and on-demand printing solutions.
North America is expected to continue to hold the largest share of the digital printing industry.
The statistic indicates that North America is projected to maintain its leading position in the digital printing industry in terms of market share. This suggests that the region is anticipated to remain a dominant player in the industry compared to other regions. Factors contributing to this projection may include a strong presence of digital printing technology companies, a well-established market infrastructure, high demand for digital printing services, and innovative advancements in the industry within North America. This statistic implies that the region is expected to continue to drive growth and innovation in the digital printing sector, solidifying its position as a key market player in the global digital printing industry.
Digital printing in packaging was valued at USD 12.33 billion in 2018.
The statistic “Digital printing in packaging was valued at USD 12.33 billion in 2018” represents the total financial worth of the digital printing industry within the packaging sector in the year 2018. This figure indicates the significant economic impact of digital printing technology on the packaging industry, highlighting the widespread adoption and investment in this modern printing method. The value of USD 12.33 billion reflects the total revenue generated by digital printing services and equipment specifically tailored for packaging purposes during that year. This statistic serves as a key indicator of the growing importance and demand for digital printing solutions within the packaging industry, offering insights into market trends and potential opportunities for businesses operating in this sector.
The digital textile printing market was worth $2.66 billion in 2019.
The statistic “The digital textile printing market was worth $2.66 billion in 2019” indicates the total value of sales generated by digital textile printing technology in the year 2019. This represents the amount of revenue generated by companies producing and selling digital textile printing equipment, services, and materials during that time period. The figure provides insight into the size and growth of the digital textile printing industry, highlighting its importance and relevance in the overall market for textile printing. This statistic can be used by industry analysts, businesses, and investors to assess market trends, make informed decisions, and track the performance of the digital textile printing sector.
The Asia-Pacific region will witness the fastest growth in the digital print industry, a CAGR of 20.1% between 2020 and 2025.
The statistic indicates that the digital print industry in the Asia-Pacific region is expected to experience rapid growth over the period from 2020 to 2025, with a Compound Annual Growth Rate (CAGR) of 20.1%. This means that the industry’s revenue, market size, or any other relevant metric is projected to increase by an average annual rate of 20.1% during this time frame. The high growth rate suggests a strong market demand for digital printing services and products in the Asia-Pacific region, potentially driven by factors such as technological advancements, increasing digitalization across industries, and changing consumer preferences towards personalized and on-demand printing solutions. This growth trend can present both opportunities and challenges for businesses operating in the digital print industry in the region.
There was a 39% leap in the page volume of digital print globally from 2014 to 2019.
The statistic indicates that there was a significant increase in the volume of digital print globally over the 5-year period from 2014 to 2019, with a growth rate of 39%. This suggests a substantial shift towards digital printing technology during that time span, likely driven by advancements in digital printing capabilities and increased demand for digital printed materials. The leap in page volume signals a notable change in the printing industry landscape, reflecting the preference for digital printing methods over traditional ones. This statistic underscores the growing importance and adoption of digital printing on a global scale within the given timeframe.
The global market for digital printing of textiles is anticipated to reach at $8.8 billion by 2025.
The statistic stating that the global market for digital printing of textiles is expected to reach $8.8 billion by 2025 indicates the projected growth and significant economic value of this industry within the next few years. This statistic suggests a rising trend in the adoption of digital printing technology in the textile sector, driven by factors such as increasing demand for custom and sustainable textile products, technological advancements enabling higher quality and faster production, and the growing preference for digital printing due to its flexibility and cost-effectiveness. The anticipated growth in this market underscores the opportunities for manufacturers, retailers, and other stakeholders in the textile industry to capitalize on the evolving preferences and demands of consumers worldwide.
Globally, 50% of all label printing revenue is from digitally printed labels.
The statistic ‘Globally, 50% of all label printing revenue is from digitally printed labels’ indicates that half of the total revenue generated from printing labels around the world comes from digital printing technology. This suggests a significant shift in the label printing industry towards digital methods, possibly driven by factors such as faster turnaround times, cost-effectiveness for small print runs, and the ability to personalize labels more easily. The statistic implies that traditional printing methods might be declining in popularity compared to digital alternatives in the global market for label printing.
The digital wide format graphics printing industry is currently growing at a compound annual growth rate of 11% globally.
The statistic indicates that the digital wide format graphics printing industry is experiencing a considerable and consistent upward trend in terms of market size and revenue. The compound annual growth rate (CAGR) of 11% suggests that the industry is expanding by 11% every year on average. This growth rate is global in nature, meaning that it is not limited to a specific region or country. The growth may be driven by various factors such as advancements in technology, increasing demand for high-quality graphics printing for advertising and marketing purposes, and the shift towards digital printing methods. Overall, the statistic suggests that the digital wide format graphics printing industry is a robust and thriving sector with promising opportunities for businesses operating within it.
The use of UV curable ink for digital printing is forecast to rise to a market worth of $5.5 billion by 2026.
The statistic that the use of UV curable ink for digital printing is forecast to rise to a market worth of $5.5 billion by 2026 indicates a significant growth trajectory in the adoption and utilization of this specific type of ink within the digital printing industry. This projection suggests that there is a growing demand for UV curable ink due to its advantages such as fast curing times, durability, and ability to adhere to a wide range of substrates. The anticipated expansion of the market to $5.5 billion by 2026 reflects the increasing popularity and recognition of UV curable ink as an effective solution for high-quality and environmentally friendly printing applications, driving manufacturers and businesses to invest in this technology for their printing needs.
By 2030, digital printing is expected to account for more than half of the world’s printing revenue.
The statistic suggests that digital printing is projected to significantly increase its share of the global printing revenue by 2030, surpassing traditional printing methods in terms of market dominance. This shift towards digital printing is attributed to advancements in technology, increased flexibility, shorter turnaround times, and cost-effectiveness compared to traditional offset printing. The trend indicates a growing preference for on-demand, customizable, and environmentally sustainable printing solutions among businesses and consumers worldwide. As digital printing continues to evolve and improve, it is expected to reshape the printing industry landscape and drive further innovation and growth in the market.
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