The digital printing market recorded a CAGR of 6.56% for 2022 – 2027. Digital printing is one of the fastest growing segments in the signage industry. Its rise is seen in the incredible size of what can be produced now.
New York, May 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Digital Printing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06279506/?utm_source=GNW
Regardless of the message or the product, size has become an important trend in advertising.
Significant improvements in print manufacturing efficiency, time efficient production and increased focus on supply chain management, such as better demand forecasting, have reduced the overall amount of waste on the printing market. Advances in technology favoring digital printing have helped minimize waste, while maintaining high print quality.
State-of-the-art digital printing technology includes mild solvents and less harmful chemicals than those used in conventional printing technologies, such as solid ink printing and offset printing. Hence, the demand for digital printing solutions is increasing in the printed electronics market, placing more emphasis on green printing and cost-effective production.
Commercial printing is experiencing transitional and structural changes as an important application, as the immediate transition from conventional to digital printing methods is difficult. As this is still a niche method requiring the printing of shorter/custom batches, the cost of printing should have an impact.
Various companies have invested in multiple solutions, expansion activities, partnerships and collaboration activities, in order to improve their market position and expand their presence across the globe. For example, in April 2022, Canon USA, Inc., a digital imaging solutions company, announced the PRISMAcolor Manager solution. The solution can help users assess and monitor print quality when using compatible printers. It also shows users how their printed color compares to one of the accepted commercial industry specifications or a user’s internal print specifications. Being a cloud-based solution, it is easy to deploy and allows users to track and compare results over time.
The latest advancements, such as AI, machine learning, IoT, data analytics, etc., have personalized offerings to a large extent. The convergence of digital printing enables superiority in printing customization for large orders. However, the cost factor remains a major obstacle. Additionally, costly investments are restraining the overall market growth of the digital printing industry. These costs included the purchase price, support costs, installation costs (if applicable), maintenance, and the price of ink and other consumables.
Main market trends
The packaging segment is expected to experience significant growth
The packaging industry sees vast possibilities for implementing digital printing. Different packaging methods and technologies to meet different product demands for specific types of brand deploy different printing technologies. Some packaging industries include cartons, labels, metal packaging, rigid plastic packaging, corrugated packaging, and flexible packaging.
The manufacture of corrugated boxes and displays has been at the forefront of digital processing industries. Digital printing can replace litho or flexo for pre-print or post-print production, although each requires different setups. The last decade has seen advancements in high-speed, single-pass inkjet presses with heavy-duty sheet feeders for much higher throughputs than platens can ever handle, and these can handle thousands of sheets. per hour. One of the advantages of large inkjets is that they can be much larger than even the largest litho press. Boxes for larger retail products, such as large televisions, lawn mowers, etc., may require lamination of two or more litho sheets to cover the entire surface. However, a leading digital press can do it in one.
To remain competitive in the market under study, publishers are increasing their production capacity by investing in digital press. For example, in April 2022, corrugated converter company Complete Design & Packaging (CDP) is doubling its investment in single-pass digital inkjet printing technology that has helped make it a innovation and industry growth. The Concord, NC-based company is installing its second high-speed direct-to-corrugated Nozomi solution from Electronics For Imaging, Inc. – a new EFI Nozomi 14000 LED digital press.
Rigid plastic packaging is also gaining popularity with environmentally conscious customers; thus, the UV LED printer has the added benefit of being an extremely green process for brands. Another customer benefit and potential profit booster is its ability to easily incorporate variable data, serialization, barcodes, QR codes, or any combination of these into their products. Many brands are currently using digital printing on rigid plastic packaging to increase the attractiveness of their product and create a point of competitiveness.
The flexible packaging market is also inviting digital printing technologies to share the growing demand. With the new acquisitions, the market is expected to witness significant growth over the forecast period. For example, in April 2022, high-impact printed packaging solutions provider Fortis Solutions acquired Canadian company Profecta Labels. Profecta Labels manufactures flexographic and digital solutions for printing labels and flexible packaging. The acquisition aligns with Fortis’ strategy to strengthen its product offerings and locations to better serve its customers.
Asia-Pacific promises to be the fastest growing market
The Chinese printing industry is enthusiastic and interested in new data-driven business models, digital platform solutions and end-to-end digitized value chains. The penetration of digital printing has given local designers online access to more than 12,000 folding carton designs, putting packaging design at the forefront of adoption.
Businesses buy digital presses because of the fewer steps in the printing process. Thus, the final product can be delivered quickly, which will allow the company to increase its production capacity. For example, in October 2021, Tomato Cloud Technology Co., Ltd, a Chinese printing company, ordered ten new Fujifilm Jet Press 750S digital inkjet machines. The company already has four Jet Press 750S presses in its facilities, and with ten more in the pipeline over the next year, it will be one of the largest Jet Press customers in the world by the end of 2022. In June , Fujifilm and Tomato Cloud Technology had a signing ceremony at China PRINT 2021.
The new printheads were made available in the second half of fiscal year 2021 (ending March 2022). Inkjet heads are currently available in five different series, allowing for more uses in digital printing. To avoid potential problems caused by moisture evaporating near the nozzles, the D3000-A1R allows ink to flow through the nozzles. Circulation makes printing more stable and gives engineers more leeway when designing equipment and ink. These printheads enable digital printers to achieve image quality and print speeds comparable to those of conventional analog printers, thanks to their 1200 dpi resolution and high frequency drive. In multi-head networks, it is also not necessary to change the position of the heads.
Additionally, in March 2022, new themed areas meeting growing demands debuted at DS Printech China at the end of this year, with sustainability and efficiency becoming priorities among digital and digital industry players. screen printing. The expo, a leading platform for digital and screen printing industries, will be shown in southern China after its first edition in Shenzhen in 2020. It will be held at the China Import and Export Fair Complex in Guangzhou from November 16 to 18. , 2022.
Digital printing equipment through variable data printing has served most functions through different types. The presence of allied printers to print in black and white or color, various specifications and sizes on various print media suggests a relatively active market. Some large companies offer complete products, such as Fuji Xerox, Kodak Wanyin and other companies, for digital printing, software processing and complete management of the digital printing process. On the other hand, the main equipment suppliers identified in the country are Fuji Xerox, HP, Kodak Wanyin, Epson, Xeikon, Nipson, Canon, Ricoh and Konica Minolta, OKI. Multiple developments were observed which did not miss the launch of these new offers in China.
The digital printing market consists of several major players and is highly competitive. Some prominent players currently dominate the market in terms of market share. Companies offer specialty products, increasing market share and profitability by leveraging strategic collaborative initiatives. Companies operating in the market prefer mergers and acquisitions of start-ups to strengthen their product capabilities and improve the market portfolio served on digital printing devices.
January 2022 – Smurfit Kappa Group announced an investment of over $33 million in Brazil to expand capacity at its Fortaleza plant to meet growing demand for innovative and sustainable packaging. The company will install several high-end printers to provide the high level of precision and quality required for e-commerce packaging.
August 2021 – Avery Dennison Corporation acquired Vestcom. The company believes that acquiring Vestcom’s solutions will expand its position in high-value categories while adding channel access and data management capabilities to its RBIS reportable segment.
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