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| Global Commercial Printing Market Size |
Commercial printing provides a wide range of printing solutions from text to
illustrations for marketing collaterals, packaging, publications and various
other business needs. Commercial printing enables businesses to customize their
content as per their brand identity and target audience with high resolution
digital or offset printing on different substrates like paper, plastic, textile
and more. The increased demand for customized and personalized printing from
various end use industries like publishing, packaging, retail and others is
driving the growth of the global commercial printing market.
The global
commercial printing market is estimated to be valued at US$ 451.98 Bn in 2023 and is
expected to exhibit a CAGR of 13.% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
One of the key trends spurring the growth of the commercial printing market is
increased demand for customizable and personalized printing. With growing
customer expectations for unique and personalized experiences, businesses are
increasingly adopting commercial printing capabilities that enable quick design
changes and offer high resolution customization at scale. This has led to
tremendous growth of digital printing technologies likeinkjet and toner-based
printers which allow on demand short run and variable data printing. The market
players are continuously innovating their digital printing portfolios to
provide higher speeds, superior print quality and expanded capabilities for
personalized printing. This shift towards customizable and personalized
printing solutions through technologies like digital printing is expected to
drive significant demand in the commercial printing market over the forecast
period.
Segment
Analysis
The global commercial printing market is dominated by the packaging printing
segment. Being one of the largest application segments, packaging printing
comprises various printing types like flexographic, gravure, offset lithography
etc. used majorly for product and goods packaging. Packaging printing accounts
for over 30% of the global commercial printing market owing to high demand from
food & beverages, personal care, pharmaceutical and other FMCG industries
worldwide where effective product packaging and branding is crucial.
Key Takeaways
Global
Commercial Printing Market Size is expected to witness high growth.
Regional
analysis shows that Asia Pacific region dominates the market currently due to
presence of major consumer goods manufacturing industries in countries like
China, India etc. The commercial printing market is growing in the region at a
CAGR of 12% owing to rising domestic consumption and demand for product
packaging from ASEAN countries.
Key players operating in the commercial printing market are ZF Friedrichshafen
AG, ATEQ, Continental AG, Bartec USA LLC, Sensata Technologie, Inc., Huf
HÃ1⁄4lsbeck & FÃ1⁄4rst GmbH & Co. KG, AUTOMOTIVE TECHNOLOGY CO., LTD.,
Rivigo Services, Denso Corporation, DUNLOP TECH GmbH, Pacific Industrial Co.,
Ltd., Bendix Commercial Vehicles Systems LLC, NXP Semiconductors, NIRA Dynamics
AB, WABCO, and Hamaton Automotive Technology CO., LTD.
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