Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Commercial Printing Market size is expected to reach $572 billion by 2028, rising at a market growth of 2.9% CAGR during the forecast period.
The Packaging market is leading the Global Commercial Printing Market by Application in 2021; thereby, achieving a market value of $306.9 billion by 2028. It is because commercial printers are allegedly used to enhance the quality and print of the packaging. The packaging elements contain printing on tags, flexible packaging, and labels. Moreover, with growing technology upgradation, quick response or QR codes are now one of the crucial points on the packaging of the products that can be utilized to make payments through mobile phones and can be used to show informational data or promotional or marketing tricks.
The Digital Printing market is experiencing a CAGR of 2.3% during (2022 - 2028). It is due to the growing demand for laser and inkjet printing solutions within the packaging and paper printing sector because the technology is cost-efficient and flexible. Moreover, the adoption of the Internet of things (IoT) and Artificial Intelligence (AI) is driving the market's growth. Digital printing also delivers the minimum price for color prints which provides a superior return on investments and is broadly accepted among the various organizations.
The Asia Pacific market dominated the Global Commercial Printing Market by Region in 2021; thereby, achieving a market value of $220.4 billion by 2028. The Europe market is poised to grow a CAGR of 2.5% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 2.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Quad/Graphics, Inc., Dai Nippon Printing Co., Ltd., RR Donnelley & Sons Company, TC Transcontinental, Inc., LSC Communications US, LLC (Atlas Holdings), Gorham Printing, Inc., The Enfield Printing Company (Stephens and George Print Group), Acme Printing Company and Cenveo Worldwide Limited.
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