In the technologically-driven business landscape of our times, the digital printing industry has emerged as a significant player with far-reaching impact. This field is not just shaping marketing strategies but also revolutionizing how businesses communicate with their customers. However, comprehending its true significance entails delving deeper into revealing industry statistics. This blog post aims to shed light on noteworthy Digital Printing Industry statistics, offering insights into market trends, growth projections, and emerging innovations. Join us as we unravel the story that numbers narrate, providing a thorough understanding of the current state and future prospects of the digital printing industry.
The Latest Digital Printing Industry Statistics Unveiled
The global digital printing market size was valued at $22.18 billion in 2019.
Painting a vivid picture of the digital printing landscape, the staggering valuation of the global market at $22.18 billion in 2019 underscores the industry’s enormous financial imprint. This economic prowess illustrates the importance and growing reliance on digital printing solutions in a variety of sectors, from advertising to manufacturing. Furthermore, it hints at the substantial investment opportunities available within the field. This statistic gives the blog readers a strong reference point for grasping the sheer breadth and potential of the industry, thereby enhancing their understanding and perspective towards the global digital printing market.
The digital printing market is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028.
Highlighting the forecasted CAGR of 4.4% for the digital printing market through 2028 is significant in illuminating the progressive trajectory of the industry. It infuses a sense of direction and potent growth potential to those reading about it in the sphere of digital printing statistics. This impressive prediction not only substantiates the robust health of the industry but also underscores the increasing acceptance and integration of digital printing solutions across numerous sectors. For industry enthusiasts, entrepreneurs, and investors, this statistic serves as a lighthouse, navigating them towards lucrative opportunities and wise decisions in the digital printing landscape.
North America dominated the digital print market with a share of 32.1% in 2020.
Painting a picture of the global digital print market, the impressive 32.1% stranglehold North America held in 2020 becomes a key fixture. Fostering a sense of the industry’s geography, this statistic illuminates the role of North America as the pioneering territory in this space. When navigating the landscape of the digital printing industry, this stat proves indispensable, offering a glimpse into the global market dominance and hinting at the potential trends, investment opportunities, and competitive dynamics inherent within. All this information contributes to a multi-dimensional knowledge base, further enriching our comprehension of the digital print industry.
By 2024, the digital print packaging market is projected to reach $28.85 billion.
Shining a spotlight on this pivotal projection provides a compelling image of the massive potential that awaits the digital print packaging industry. Expected to almost touch the $30 billion mark by 2024, this future growth signifies not just the increasing acceptance but also the accelerating demand for digital printing solutions in packaging. This blog post, delving deep into Statistics of the Digital Printing Industry, clearly illustrates how digital print packaging is reshaping the contours of the industry. Highlighting such a substantial anticipated value could resonate deeply with potential investors and stakeholders in this market, potentially fueling innovation and investments, making it a cornerstone of our understanding of this industry’s future trajectory.
Labels & Tags segment in the digital print packaging market is projected to grow at a highest CAGR during the forecast period 2020-2025.
Unraveling the potential of the Labels & Tags section in the digital print packaging realm, the predicted sky rocketing CAGR in the time frame of 2020-2025 marks a transformative era of growth and development within the industry. This projection, not just sets a vibrant backdrop for investors and businesses to dive into, but it also paints a vivid growth story for our digital future. For those following the digital printing industry, this piece of data forms a cornerstone, stimulating investment considerations, strategy development and innovation for both current market players and potential entrants. A blog post examining these industry statistics without factoring in this aspect, would be like a cake missing its core ingredient; incomplete and not as indulgent.
Digital ink sales expanded by 7.4% in 2020, with sales projected to reach $4.3 billion in 2025.
The surging tide paints a narrative of an industry on the ascendancy. A 7.4% expansion in digital ink sales in 2020 eloquently drives the point home. Predictions of these sales hitting the $4.3 billion mark by 2025 jet fuel the intrigue. This compelling trajectory underscores a potentially thriving world where digital printing takes center stage, serving as an indispensable beacon for industry stakeholders and potential investors. It’s a peephole into a future bright with possibilities – a steady proliferation of digital print applications, the evolution of ink technologies, and burgeoning opportunities ripe for the picking in the digital printing landscape.
The textiles sector accounted for 28% of the overall digital print market in 2020.
Illuminating the robustness of the Digital Printing Industry, the textile sector alone held a bold 28% claim of the overall market in 2020. Such a figure underscores the pivotal role textile prints play in this technological era, constituting more than a quarter of the entire industry. Its high percentage share presents a vibrant tapestry that immerses audiences into the prevalent influence of digital printing in the textile industry. Therefore, the statistic succeeds in weaving a story of innovation and growth, integral to understanding the progression and future trends of the wider digital printing industry.
35% of digital printing market’s revenues by 2024 will come from packaging.
In a world that’s rapidly undergoing digital transformation, the burgeoning share of the digital printing market devoted to packaging paints a compelling portrait of the industry’s trends. The projection that packaging will constitute 35% of this market’s revenues by 2024 encapsulates the rising importance of packaging in the digital print industry. This pivot to packaging reflects not only changing consumer preferences but also industry advancements that are democratizing high-quality packaging for businesses of all sizes. So, don’t just see it as another statistic; view it as an important harbinger of change, strategizing your stakes in the industry to capitalize on the opportunities this provides.
Digital printing in corrugated packaging is expected to reach $2.9 billion by 2022.
Painting a vivid picture of the projected growth in the digital printing industry, we can see that the horizon looks promising. By 2022, the field of corrugated packaging is anticipated to embrace a substantial value of $2.9 billion. This highlights the increasing interests and investments in this sector, attesting the escalating demand of the digital solution in various aspects of the packaging industry. The sheer financial strength of this projection becomes a beacon, illuminating the path of progress for the digital printing industry, carrying the potential to trigger innovation and technological advancements, and setting the tone for future trends. Hence, such an impressive growth estimation is indicative of an expanding market, offering lucrative opportunities for businesses and investors alike.
The market share of electromechanical print in packaging will drop to 90% by 2023, compared with over 95% in 2017.
In the swirling vortex of the digital printing industry, the projected drop in market share for electromechanical print in packaging is akin to a seismic shift. Driven by changes in technology, consumer preferences, and industry practices, the anticipated fall from over 95% in 2017 to 90% by 2023 highlights the ebbing dominance of electromechanical print. Within the narrative of this blog, this statistic is a fundamental signal of the emerging influence of digital alternatives. This metric further underscores the evolving dynamics and unyielding march of innovation within the digital printing realm, painting a compelling picture of a future where digital reigns supreme.
Over 85% of packaging printers expect digital to be a significant part of their business within five years.
Highlighting the fact that more than 85% of packaging printers foresee a strong emergence of digital in their operations in the next half-decade is a testament to the disruptive power of technological innovations in the printing industry. This statistic not only showcases the massive influence and radical shift brought about by digital technologies but also underscores the dynamic and evolving nature of the printing business. It sets a bold forecast, offering a glimpse into a future where digital is not just relevant, but a crucial player, thereby inviting businesses, innovators, and stakeholders to invest, adapt, and ready themselves for the imminent digital transformation. The prevalence of this belief among majority of packaging printers provides a promising outlook for the digital printing industry, encouraging prospective investors, new ventures, and incumbents to embrace this digital evolution.
The commercial print industry uses up to 30,000 tons of UV/EB digital inks annually.
Diving into the deep, colorful world of the commercial print industry, we find that it thrives on a substantial consumption of up to 30,000 tons of UV/EB digital inks every single year. This fact is more than just a splash of data—it’s a window into the massive scale and rapidly evolving dynamics of the digital printing industry.
Grasp the significance of tones of UV/EB digital inks on a closer look—they are sensitive to ultraviolet (UV) or electron beam (EB) radiation, vital for high-speed, high-quality outputs. Thus, the magnitude of their usage per annum underscores the industry’s high-capacity requirement for swift and efficient print solutions.
Moreover, it demonstrates the industry’s leaning towards environmentally friendly print methods. UV/EB inks, in their nature, reduce harmful emissions during printing, aligning with the global shift towards sustainable business practices.
So, the next time you catch a vibrant shirt design or an eye-catching poster, remember that it all starts with an in-depth understanding of those hefty 30,000 tons of digital inks. They are more than just metrics; they are the lifeblood of the digital printing industry, encapsulating its scale, performance, innovation, and commitment to environmental sustainability.
Inkjet is poised to account for 59% of total digital print volume by 2024 compared to 49% in 2018.
In spotlighting the dynamism of the digital printing industry, it’s riveting to underscore how the print landscape is being altered by the inkjet technology. An anticipated leap from 49% in 2018 to 59% in 2024 in digital print volume unveils a trend of transformation – a steady migration towards inkjet printing solutions. This statistic showcases the significant market penetration of inkjet technology, suggesting a promising growth trajectory and the rising dominance in the digital print realm. Inevitably, it sparks curiosity and debate around how this expansion will reshape the industry, impact competition, drive innovation and sway consumer preference. To stay ahead in this vibrant and competitive industry, understanding such trends is essential.
Digital printing in ceramics is projected to reach a market valuation of $3.36 billion by 2027.
Peering into the crystal ball of the digital printing industry, one cannot help but notice the colossal figure standing at $3.36 billion. It is more than a mere number, it’s a beacon indicating the potential wealth of the ceramics sector by 2027. This projected valuation illuminates the evolving nature of the industry and the rising influence of technological applications. No longer are ceramics restricted to traditional production methods. The advent of digital printing has reshaped the industry’s infrastructure, painting a future as vibrant as its ceramic creations themselves.
The figure also attunes us to the potential investment opportunities unravelling in the ceramic marketplace. With such a substantial valuation predicted, those looking to invest can anticipate significant growth within this sector of the digital printing industry. Furthermore, this valuation highlights the exciting stage of development for ceramics, showing how digital printing is expanding its creative and economic horizons. This is quite an enthralling transition, sure to inspire entrepreneurs, companies, and investors alike to dip their toes into this blazing market.
By 2027, the Asia-Pacific region is expected to witness the fastest growth in the digital print ceramics market.
For those closely monitoring the thrilling saga of the Digital Printing Industry, the meteoric rise of the Asia-Pacific region in the digital print ceramics market is a subplot worthy of attention. Projected to outpace all other regions by 2027, this growth paints a story of innovative technologies bridging the gap between traditional ceramics and the digital world. Set against this backdrop, a rise in investment, production, and consumer demand could serve as the ideal plot twist, catapulting this region to the protagonist role in our industry narrative. The climax of this tale? A vibrant market, teeming with opportunities for investors, manufacturers, and consumers alike. So, keep your eyes peeled on the Asia-Pacific as a key character in the ongoing drama of the digital printing transformation.
The print-on-demand services market size, a business model dependent on digital printing, is expected to grow by $7.33 billion during 2021-2025.
Poised on the brink of an impressive leap, the print-on-demand services market embodies the transformative capacity of the digital printing industry. The forecasted growth of $7.33 billion between 2021 and 2025 isn’t just a number. It’s an intriguing promise of a booming market. This exponential surge gives us more than just a glimpse into the future of digital printing. It’s the lifeblood of calculated investments, a beacon for strategists, and a clarion call for entrepreneurs eyeing opportunities within the evolving digital space. In the chiaroscuro of industry trends, this figure radiates a resounding affirmation of the increasingly pivotal role of on-demand services, irreversibly blurring the lines between digital innovation and breakthroughs in the realm of print.
The graphic printing services market, heavily reliant on digital printing, is set to grow by 152.56 billion during 2021-2025.
Painting a vivid picture of the future landscape of the digital printing industry, this specific forecast indicates a colossal growth of the market value by 152.56 billion between 2021 and 2025. The statistic serves as a compelling testimony to the power and prominence of digital printing within the broader graphic printing services market. In the context of a blog post about Digital Printing Industry Statistics, it underscores the massive economic potential of this particular sector. In essence, it’s like a hidden treasure map for savvy investors and entrepreneurs, presenting the golden opportunity that lies within the realm of digital printing. The substantial monetary growth delineated within this statistic accents the vigour of digital transformation and industry advancements, pointing towards a future where this sector will play an increasingly significant role in the graphics printing industry and maybe beyond.
Digital printing accounts for 15.4% of the world print market value and only 2.5% of the volume.
The crisp image of the outlined statistic ‘Digital printing accounts for 15.4% of the world print market value and only 2.5% of the volume’ daubs a profound picture. Bathed in the glorious inception of the digital printing era, it underscores that despite digital print swooping a smaller portion (a mere 2.5%) of the volume pie, it proudly champions a lofty 15.4% of the market’s value share.
This conveys a startling paradox, a divergent tune from the industry symphony that weaves a dynamic fact: Value isn’t always parallel to volume. The scales of market dominance tend to tilt more towards quality; proof that digital printing, with its superior versatility, customization options, and fine-definition outputs, has succeeded in cultivating generous appreciation and demand. Highlighting the rationale behind the escalating capital investment in digital printing, it set lights on the lucrativeness of this market segment while delivering a sophisticated edge to the narrative of our blog post on Digital Printing Industry Statistics.
Mirroring the compelling landscape of the print industry, steeped in the digital frontier, this statistic implores our readers to delve deeper, to unravel the intricate dance between perceived worth and market volume, inevitably sparking thought-provoking discussions on the future potential of the digital print industry.
Conclusion
In conclusion, the digital printing industry is experiencing remarkable growth, fuelled by technological advancements and increasing demand for customised, high-quality prints. The grasp of data and statistical knowledge is vital for understanding trend shifts, achieving competitive advantage, and ultimately, propelling your operations forward in this rapidly evolving sector. As more businesses recognize the value of digital printing, companies in the sector must harness industry statistics to steer their strategies, increase their market share, and satisfy their customer requirements. Indeed, the future of the digital printing industry promises exciting developments and lucrative opportunities for those ready to embrace change, innovate, and adapt to new market dynamics.
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