Digital Graphic Printing Market Size Inclinations & Development Status Highlighted During Forecast Period

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Summary

As the requirement of face masks is rising due to the COVID-19 crisis, the customers of the Asia-pacific countries are moving toward customized printed face masks.

Press Release

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The digital graphic printing market is expected to register a CAGR of about 5.2% during the forecast period. Presently the digital graphic printing market consolidation is likely to continue as the global print industry ecosystem continues to face digital disruption. The significant erosion of traditional revenue streams, which has driven by hardware commercialization and the transition to digitization, are forcing industry vendors to consider new growth avenues for remaining relevant to businesses.

  • The personalization via printed products, like flyers and templates, is one of the emerging trends that will drive the market in the coming years. These printed products are a great form of material for individuals and enterprise businesses. The brand-new product design technologies will help the digital graphic print industry to offer customers a personalized experience. The printing vendors that employ devices and offer such solutions will surely have a competitive edge over the competition and account for a larger share of the market.

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Inkjet Printing Process is Expected to Hold a Significant Share in the Market Over the Forecast Period

  • The major drivers for the adoption of the inkjet printing process in digital graphic printing applications across industries are low cost, high quality of output, capable of printing fine and smooth details, capable of printing in vivid color, suitable for printing pictures, easy to use, less warm-up time, etc.
  • Increasing investment from digital printing players for developing advanced inkjet technologies is boosting the speed of innovations. For instance, in June 2019, Xerox Corporation launched the “Baltoro HF” inkjet printer, which enables customers to print high-volume, transactional work and catalogs on a single press with significantly better image quality and productivity than other processes. The “Baltoro HF” is the company’s first product using this printing platform.

Asia Pacific Region is Expected to Grow at a Highest Rate Throughout the Forecast Period

  • The digital graphic printing market in the Asia Pacific region is anticipated to grow at the highest rate during the forecast period. The region has witnessed significant growth in industrialization over the past few years, which therefore generated ample amounts of opportunities for the vendors to increase their offerings. Countries, like China, Japan, and India, are significant contributors to commercial and advertising prints and include one of the significant numbers of commercial printing partners and marketers. These factors are boosting the growth of the Asia Pacific digital graphic printing market during the forecast period.