The global digital printer market (디지털 프린터 시장) was valued at US$ 24.65 billion in 2022 and is projected to grow at a CAGR of 6.3% between 2022 and 2032. According to Fact.MR, the increasing utilization of printing across various applications is expected to drive a revolution in the digital printer market, characterized by enhanced speed and precision. With digitization taking over, the digital printers market is expected to grow on an impertinent note in the forecast period. Also, the fact that digital cameras are being used in an aplomb can’t be ignored. The textile industry is also into digital prints. These factors are also helping in catalysing the digital printer market.
Sustainability has been a popular trend across the world over the past few years and is expected to only get significant over the forecast period. The demand for sustainable packaging is higher than ever before and the use of digital printers (Printéirí Digiteacha) makes this possible at a reasonable cost. Hence, as demand for sustainable packaging and printing solutions increases, it is projected to drive the sales of digital printers through 2032. UV-curable inks are anticipated to be highly popular due to their eco-friendly nature and ability to protect against UV radiation that could harm the quality of prints.
Key Takeaways from Digital Printer Market Study
North America currently accounts for 32.7% of the digital printer market, and this leading position is expected to continue in the foreseeable future. Europe holds the second-largest market share at 29.6%, reflecting its strong presence in the industry. The market dynamics in these regions are driven by technological advancements and a high adoption rate of digital printing solutions across various sectors. Additionally, digital fabric printing technology is anticipated to dominate the digital printer market in the coming years, offering innovative solutions for the textile industry and boosting market growth.
Sustainable packaging is poised to significantly impact the digital screen printing market during the forecast period. As environmental concerns become increasingly important, companies are adopting eco-friendly printing practices, which is expected to drive substantial growth in this segment. Overall, the global digital printer market is projected to reach US$ 45.41 billion by 2032, propelled by advancements in printing technology, growing applications in diverse industries, and the rising demand for sustainable printing solutions. This growth underscores the transformative potential of digital printing in enhancing speed, precision, and sustainability across various applications.
List of Key Companies Profiled in The Report:
“North America Leads Global Digital Printing Business Landscape”
The North America digital printer (Digitale printere) market currently accounts for a major market share of 32.7% and is valued at US$ 8.06 billion in 2022. Increasing focus on sustainable packaging, rapid adoption of novel printing technologies, presence of key digital printing companies, and increasing adoption of digital printers in the textile industry are major factors that influence the digital printer market potential over the coming years.
Increasing advancements in nanotechnology are projected to drive the growth of nano-graphic printing technology in this region. High investments in research and development of novel printing technologies are also projected to favour digital printer market growth.
Demand for digital printers is anticipated to soar high in the region of Europe owing to the presence of key packaging companies and increasing focus on sustainability. Germany, France, Italy, and the U.K. are anticipated to lead the growth in this region through 2032.
In 2022, the Europe digital printer (Digitala skrivare) market stands at a value of US$ 7.29 billion and holds a market share of 29.6% in the global industry. The demand for UV-curable inks is anticipated to be high in this region owing to their eco-friendly nature and low cost.
Competitive Landscape
Anticipated in the digital printer (Digitale skrivere) manufacturing sector is a strategic focus on mergers, collaborations, acquisitions, and partnerships, serving as key mechanisms to broaden business horizons and fortify market presence across diverse regions.
A notable instance occurred in 2021 when Canon, a prominent Japanese multinational conglomerate, disclosed its acquisition of Canada-based Redlen Technologies. This strategic move empowered Canon with access to advanced AI-imaging technology and cutting-edge radiation detection capabilities, areas of specialty for Redlen. Such acquisitions underscore the industry's commitment to enhancing technological prowess and expanding market influence through strategic partnerships.
Sustainability has been a popular trend across the world over the past few years and is expected to only get significant over the forecast period. The demand for sustainable packaging is higher than ever before and the use of digital printers (Printéirí Digiteacha) makes this possible at a reasonable cost. Hence, as demand for sustainable packaging and printing solutions increases, it is projected to drive the sales of digital printers through 2032. UV-curable inks are anticipated to be highly popular due to their eco-friendly nature and ability to protect against UV radiation that could harm the quality of prints.
Key Takeaways from Digital Printer Market Study
North America currently accounts for 32.7% of the digital printer market, and this leading position is expected to continue in the foreseeable future. Europe holds the second-largest market share at 29.6%, reflecting its strong presence in the industry. The market dynamics in these regions are driven by technological advancements and a high adoption rate of digital printing solutions across various sectors. Additionally, digital fabric printing technology is anticipated to dominate the digital printer market in the coming years, offering innovative solutions for the textile industry and boosting market growth.
Sustainable packaging is poised to significantly impact the digital screen printing market during the forecast period. As environmental concerns become increasingly important, companies are adopting eco-friendly printing practices, which is expected to drive substantial growth in this segment. Overall, the global digital printer market is projected to reach US$ 45.41 billion by 2032, propelled by advancements in printing technology, growing applications in diverse industries, and the rising demand for sustainable printing solutions. This growth underscores the transformative potential of digital printing in enhancing speed, precision, and sustainability across various applications.
List of Key Companies Profiled in The Report:
- Hewlett-Packard Development Company
- Canon Inc.
- Seiko Epson Corporation
- Xerox Corporation
- Ricoh Company Ltd.
- Durst Phototechnik AG
- Inca Digital Printers Limited
- Others
“North America Leads Global Digital Printing Business Landscape”
The North America digital printer (Digitale printere) market currently accounts for a major market share of 32.7% and is valued at US$ 8.06 billion in 2022. Increasing focus on sustainable packaging, rapid adoption of novel printing technologies, presence of key digital printing companies, and increasing adoption of digital printers in the textile industry are major factors that influence the digital printer market potential over the coming years.
Increasing advancements in nanotechnology are projected to drive the growth of nano-graphic printing technology in this region. High investments in research and development of novel printing technologies are also projected to favour digital printer market growth.
Demand for digital printers is anticipated to soar high in the region of Europe owing to the presence of key packaging companies and increasing focus on sustainability. Germany, France, Italy, and the U.K. are anticipated to lead the growth in this region through 2032.
In 2022, the Europe digital printer (Digitala skrivare) market stands at a value of US$ 7.29 billion and holds a market share of 29.6% in the global industry. The demand for UV-curable inks is anticipated to be high in this region owing to their eco-friendly nature and low cost.
Competitive Landscape
Anticipated in the digital printer (Digitale skrivere) manufacturing sector is a strategic focus on mergers, collaborations, acquisitions, and partnerships, serving as key mechanisms to broaden business horizons and fortify market presence across diverse regions.
A notable instance occurred in 2021 when Canon, a prominent Japanese multinational conglomerate, disclosed its acquisition of Canada-based Redlen Technologies. This strategic move empowered Canon with access to advanced AI-imaging technology and cutting-edge radiation detection capabilities, areas of specialty for Redlen. Such acquisitions underscore the industry's commitment to enhancing technological prowess and expanding market influence through strategic partnerships.