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What Will Be the Size of the Printing Market by 2029?

The expansion of the printing market has been gradual and constant over the past few years. It is projected to increase from $331.32 billion in 2024 to $343.63 billion in 2025, registering a compound annual growth rate (CAGR) of 3.7%.

The growth during the historical phase can be linked to factors like the rise of the publishing industry, demand for packaging, worldwide economic conditions, environmental mandates, and consumer predilections.

In the coming years, a consistent increase is anticipated in the printing market size. The projection is that by 2029 it will expand to $402.75 billion, with a compound annual growth rate (CAGR) of 4.0%.

The predicted growth in this period is due to factors such as sustainable printing methodologies, e-commerce packaging, innovative smart packaging, influence of remote work, and health and safety issues. The forecast period also sees a surge in trends such as advanced 3D printing, digital printing enhancements, personalized printing, integration of augmented reality (AR), intelligent printing solutions, and hybrid printing technologies.

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What Are the Major Drivers of the Printing Market in 2025?

The boom in e-commerce, which creates a high demand for packaging, is projected to spur the printing market's expansion. Custom printed e-commerce packages are becoming increasingly popular among the burgeoning number of e-commerce retailers.

For example, the U.S. Census Bureau, a U.S. government agency, reports that retail e-commerce sales in the U.S.

for Q3 2022 amounted to $265.9 billion, marking a 3% increase from Q2 2022. In this same quarter, total retail sales saw a growth of 9.1%, with e-commerce sales for Q3 2022 showing a 10.8% increase from third quarter 2021.

As such, the expanding e-commerce market is predicted to give rise to a demand for printing, which in turn is poised to push the market forward in the approaching period.

What Are the Growth Trends Across Key Printing Market Segments?

The printing market covered in this report is segmented -

1) By Type: Commercial Printing (except Screen And Books), Commercial Screen Printing, Books Printing

2) By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, OffSet Printing, Other Technologies

3) By Application: Packaging, Advertising, Publishing, Other Applications

Subsegments:

1) By Commercial Printing: Digital Printing, Offset Printing, Flexographic Printing, Gravure Printing, Lithographic Printing

2) By Commercial Screen Printing: Textile Screen Printing, Industrial Screen Printing, Graphic Screen Printing, Electronic Screen Printing

3) By Books Printing: Hardcover Book Printing, Paperback Book Printing, On-Demand Book Printing, Large Print Book Printing

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What Are the Fastest-Growing Trends in the Printing Market Ecosystem?

The advent of cutting-edge technology is an increasingly popular trend within the printing market. Major industry players are racing to incorporate innovative technologies for a competitive edge.

For instance, in 2022, Switzerland-based firm Markem-Imaje, renowned for their manufacturing and distribution of specialized traceability and variable data for the packaging industry, unveiled the IoT-powered MiVista platform. This platform is designed to offer an array of self-support and helpdesk services for printers.

The unique features of MiVista aim to make everyday coding processes across printer fleets more seamless and efficient. Alongside fostering self-reliance, this platform also offers automated risk monitoring and advanced remote diagnostics, among other things.

Which Regional and Global Companies Are Dominating the Printing Industry?

Major companies operating in the printing market include HP Inc., Canon Inc., Fujifilm Holdings Corporation, Bertelsmann SE & Co. KGaA, Ricoh Company Ltd., Toppan Inc., Dai Nippon Printing Co.

Ltd., Konica Minolta Inc., Xerox Corporation, R.R. Donnelley & Sons, LSC Communications Inc., Quad/Graphics Inc., Gannett Co Inc., SHUTTERFLY Inc., Transcontinental Inc., Cenveo Corporation, Vistaprint NV, Electronics for Imaging Inc., OKI Data Corporation, ENNIS Inc., Raksul Inc., The Vomela Companies, Xante Corporation, O'Neil Printing Inc., ACME Printing, The McClatchy Company, Print Direction Inc., Taylor Communications, Ryobi Limited, Screen Holdings Co.

Ltd., Gallus Holding AG, Domino Printing Sciences plc, MGI Digital Technology

Which Regions Are Poised for Long-Term Printing Market Growth?

Asia-Pacific was the largest region in the printing market in 2024. North America was the second largest region in the printing market.

The regions covered in the printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Printing Market Size, Forecast, and Future Outlook: A Detailed Research Report