In today’s digital age, the printing industry has undergone significant transformations with the adoption of digital printing technologies. Understanding the latest statistics and trends in the digital printing industry is crucial for businesses and professionals looking to stay competitive and maximize their success. In this blog post, we will explore key statistics and insights that shed light on the current state and future prospects of the digital printing industry.
The Latest Digital Printing Industry Statistics Explained
The global digital printing market size was valued at USD 28.85 billion in 2019.
The statistic indicating that the global digital printing market size was valued at USD 28.85 billion in 2019 signifies the total revenue generated by the digital printing industry worldwide during that year. This figure reflects the combined value of goods and services provided by companies involved in digital printing technologies such as inkjet and laser printing equipment, consumables, and printing services. The market size figure serves as an important metric for understanding the scale and economic impact of digital printing on a global scale, illustrating the growth and significance of this industry in modern business and consumer environments.
The digital printing market is forecasted to grow at a CAGR of 6.45% during the period 2021-2025.
The statistic indicates that the digital printing market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.45% over the period from 2021 to 2025. This means that on average, the market is projected to grow by 6.45% annually during this timeframe. This growth rate suggests a positive trend in the digital printing industry, with increasing demand and adoption of digital printing technology over the next few years. The CAGR provides a standardized measure to assess the market’s growth rate over a specified period, offering insights into the industry’s overall performance and potential opportunities for businesses operating in the digital printing sector.
North America accounted for approximately 40.9% of market share in 2019 due to noticeable presence of key market players in the region.
The statistic indicates that North America held a significant portion, approximately 40.9%, of the market share in 2019. This high market share can be attributed to the strong presence of key market players in the region, suggesting that these companies hold substantial influence over the industry. The concentration of these key players in North America likely contributed to the region’s dominance in the market, as they may have established a competitive advantage, brand recognition, and efficient distribution networks in the region. This statistic highlights the importance of key market players in shaping the market dynamics and influencing market share within a specific region.
Around 48% of printing companies surveyed in 2017 have primarily grown due to digital print volume growth.
The statistic suggests that in 2017, approximately 48% of printing companies surveyed experienced growth primarily driven by an increase in digital print volume. This indicates that the transition towards digital print technologies played a significant role in the expansion of these particular printing companies during that period. Factors contributing to this growth could include the increasing demand for digital printing services, the versatility and cost-effectiveness of digital printing compared to traditional methods, and the ability of digital technology to cater to diverse client preferences and customization needs. Overall, the statistic highlights the importance of digital print volume growth as a key driver of success for a considerable portion of printing businesses in 2017.
The demand for digital inkjet printing is anticipated to grow at a CAGR of 6% from 2020 to 2027.
This statistic indicates that the demand for digital inkjet printing is expected to increase steadily over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 6%. This growth rate suggests a consistent expansion in the market size and adoption of digital inkjet printing technology over the specified timeframe. Factors driving this anticipated growth could include technological advancements, cost-effectiveness, environmental benefits, and an increasing demand for customized and high-quality printing solutions across various industries such as packaging, textiles, advertising, and decor. Businesses operating in the digital inkjet printing sector may benefit from this projected growth by leveraging the growing market opportunities and developing strategies to meet the evolving demands of customers.
The water-based inks segment holds around 40% of the global digital printer market share.
The statistic indicates that the water-based inks segment dominates a significant portion of the global digital printer market, holding approximately 40% market share. This suggests that customers are increasingly favoring water-based inks in the digital printing industry, likely due to environmental concerns and regulations regarding the use of solvent-based inks. The strong market share of the water-based inks segment could also imply that these inks offer advantages such as improved color quality, reduced odor, and better adherence to various substrates. Companies operating in the digital printer market may need to consider the growing popularity of water-based inks and potentially adjust their product offerings or strategies to capitalize on this trend.
In 2019, more than 50% of print jobs were produced on digital print devices for the first time ever.
The statistic “In 2019, more than 50% of print jobs were produced on digital print devices for the first time ever” indicates a significant shift in the printing industry towards digital technology. Traditionally, print jobs were predominantly carried out using analog methods such as offset printing, but in 2019, digital print devices surpassed these traditional methods for the first time, accounting for more than half of all print jobs. This shift may be attributed to the increasing quality and cost-effectiveness of digital printing technology, as well as the growing demand for more personalized and on-demand printing solutions. This milestone highlights the ongoing transformation of the print industry towards digitalization and the adoption of more efficient and versatile printing technologies.
Paper and paperboard accounted for more than 60% share in the overall digital printing packaging market in 2016.
The statistic indicates that in 2016, paper and paperboard materials held a dominant position in the digital printing packaging market, making up over 60% of the total market share. This suggests that paper and paperboard were the most commonly used materials for digital printing packaging applications during that year. The high market share of paper and paperboard could be attributed to their versatility, cost-effectiveness, and eco-friendliness, which are important factors considered by companies when choosing packaging materials. This statistic highlights the significant role that paper and paperboard played in the digital printing packaging industry in 2016.
Digital printing packaging market is expected to reach USD 31.6 billion by 2025.
This statistic indicates that the digital printing packaging market is projected to grow and expand significantly, with an estimated value of USD 31.6 billion by the year 2025. This suggests a substantial increase in demand for digital printing technology within the packaging industry, driven by factors such as customization, shorter print runs, and faster turnaround times. The anticipated growth in this market signifies a shift towards more efficient and flexible printing solutions, allowing for greater personalization and cost-effectiveness in packaging production processes.
In 2018, the digital print market represented 16% of the $901 billion print and printed packaging market.
This statistic indicates that in 2018, the digital print market accounted for 16% of the total print and printed packaging market, which was valued at $901 billion. This suggests that digital printing technology is a significant player within the overall print industry, demonstrating a growing trend towards digitalization in the production of printed materials. As digital printing offers benefits such as faster turnaround times, personalized printing options, and cost-effectiveness for short print runs, its market share in the print and printed packaging industry is likely to continue to expand in the future.
The Asia-Pacific region is expected to grow at the highest CAGR from 2020 to 2025 in digital printing packaging market.
The statistic implies that the Asia-Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) in the digital printing packaging market compared to other regions between 2020 and 2025. This suggests that factors such as increasing consumer demand, advancements in technology, and the growing adoption of digital printing methods in packaging industries across countries in Asia-Pacific are likely to drive significant growth in this market segment during the specified time period. As a result, businesses operating in the digital printing packaging industry may consider focusing on and investing resources in the Asia-Pacific region to capitalize on the expected growth opportunities.
Personalized digital printing is predicted to grow at a CAGR of 7.5% from 2019 to 2025.
This statistic indicates that the personalized digital printing industry is projected to experience a Compound Annual Growth Rate (CAGR) of 7.5% from the year 2019 to 2025. This growth rate implies a consistent and steady increase in the market size and adoption of personalized digital printing technology over the specified period. A CAGR of 7.5% suggests that the industry is expected to expand significantly, reflecting increasing demand for customized printing solutions across various sectors such as marketing, advertising, packaging, and manufacturing. This prediction highlights the potential for continued innovation, investment, and market opportunities within the personalized digital printing sector in the coming years.
By 2022, digital printing to account for 17.4% of the global print market value and 3.9% of the volume.
The statistic indicates that by 2022, digital printing is projected to represent 17.4% of the overall market value of the global print industry. This suggests that digital printing technologies are increasingly being utilized in the industry and are expected to contribute significantly to the market’s value. Additionally, digital printing is anticipated to account for 3.9% of the total volume of print production globally. This highlights that while digital printing may not yet dominate in terms of volume, it is gaining traction and is likely to continue growing in importance in the print market.
By 2024, color digital print across labels and packaging sectors will more than double in value.
The statistic “By 2024, color digital print across labels and packaging sectors will more than double in value” indicates a significant growth trend in the utilization of color digital printing technology within the labels and packaging industries. This forecast suggests that the value of color digital print services within these sectors is expected to increase significantly over a relatively short period, with it more than doubling by 2024. This growth may be attributed to advancements in digital printing technology, increased demand for customized and visually appealing packaging, and the potential cost-effectiveness and flexibility that digital printing offers compared to traditional printing methods. This statistic highlights the importance of color digital printing as a key technology shaping the future of labels and packaging industries.
By 2025, the packaging vertical is poised to grow at the highest rate in the global industrial print market.
This statistic suggests that the packaging vertical, which encompasses the printing of packaging materials such as labels, cartons, and containers, is predicted to experience the fastest growth rate among all sectors of the global industrial print market by the year 2025. This growth may be driven by factors such as increasing consumer demand for customized and visually appealing packaging, technological advancements in printing processes that allow for faster and more cost-effective production, and a rising focus on sustainability and environmental friendliness in packaging materials. As a result, companies operating in the packaging vertical may see significant opportunities for expansion and profitability in the coming years.
In 2017, the digital print technology market in Asia Pacific was valued at US$ 10.2 billion.
The statistic “In 2017, the digital print technology market in Asia Pacific was valued at US$ 10.2 billion” represents the total market size of digital print technology goods and services in the Asia Pacific region for the year 2017. This value indicates the combined revenue generated by companies selling digital printing equipment, software, and related services within this geographical area during that specific year. The market valuation of US$10.2 billion suggests a significant demand for digital print technology products in the Asia Pacific market, highlighting the importance and growth of this sector in the region during 2017.
Demand for on-pack promotions is growing 5% per year and will reach $618m in 2021.
The statistic indicates that the demand for on-pack promotions, which are promotions displayed directly on product packaging, is increasing at a consistent annual growth rate of 5%. This growth trend suggests that consumers are becoming increasingly influenced by on-pack promotions, resulting in a steady rise in the total amount spent on such promotions. Based on this growth rate, the total expenditure on on-pack promotions is projected to reach $618 million by the year 2021. This information highlights the importance and effectiveness of on-pack promotions as a marketing strategy for companies looking to engage consumers and drive sales.
About 60% of in-plants now have a wide-format device, a rise of over 16% from six years ago.
The statistic indicates that currently, 60% of in-plant operations have incorporated a wide-format device, which represents a significant increase of over 16% since six years ago. This suggests a growing trend among in-plants to adopt wide-format printing technology in their operations. The rise in usage of wide-format devices may be driven by advancements in technology, increased demand for larger format printing, cost efficiencies, or a combination of these factors. The data implies that in-plants are recognizing the benefits of utilizing wide-format devices, such as the ability to produce high-quality, large-scale prints, which can cater to diverse customer needs and potentially improve overall operational efficiency.
The expected rate of annual growth for the digital textile printing market is forecasted to be at 17.9% CAGR by 2027.
In statistical terms, the expected rate of annual growth for the digital textile printing market being forecasted at 17.9% CAGR (Compound Annual Growth Rate) by 2027 indicates the anticipated average annual growth rate of the market over the specified period. This growth rate metric accounts for compounding effects, providing a more accurate representation of growth compared to a simple annual growth rate. A CAGR of 17.9% implies a robust and steadily increasing market demand and adoption of digital textile printing technologies, suggesting a promising outlook for the industry in the upcoming years.
Conclusion
Overall, the digital printing industry is experiencing significant growth and innovation, driven by technology advancements and changing consumer needs. The statistics highlighted in this blog post paint a promising picture for the future of digital printing, indicating an increasing demand for personalized and high-quality printed materials. As businesses continue to adopt digital printing solutions, it is clear that this industry will continue to expand and evolve in the coming years.
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