According to our latest market study on "Digital Production Inkjet Printing Market Forecast to 2030 – Global Analysis – by Type, Production Method, Application," the digital production inkjet printing market was valued at US$ 4.99 billion in 2022 to US$ 7.53 billion by 2030; it is estimated to register a CAGR of 5.3% from 2022 to 2030.
Digital printing is more flexible and efficient than traditional printing methods. It can be used to print short runs of customized products, which is becoming increasingly important as businesses and consumers demand more personalized experiences. Also, digital printing produces high-quality prints. The quality of digital prints has improved significantly in recent years, and they are now comparable to the quality of traditional prints. Moreover, in 2023, almost every industry experienced the impact of digital technology. Digital printing continues to advance in the printing industry as this method is a quick, inexpensive, and effective means to print digital content directly to multiple mediums. Digital files can be sent to a digital printer and printed on paper, canvas, plastic, or cardstock.
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Source: The Insight Partners Analysis
These high-quality production printers also have innovative features that increase efficiency and image quality. Digital printing has the potential to change the way companies perform printing operations, and with the advent of new technologies, the cost is anticipated to drop significantly. Further, digital printing offers various advantages such as packaging, direct mail, signage and banners, and textiles. Therefore, the continued shift to digital printing is a major opportunity for the digital production inkjet printing market players to introduce new products in the coming years.
Hewlett-Packard Development Co Lp, Canon Inc, Ricoh USA Inc, Fujifilm Business Innovation Singapore Pte Ltd, Xerox Holdings Corp, Konica Minolta Business Solutions India Pvt Ltd, Eastman Kodak Co, Colorjet India Ltd, Screen Gp Americas Llc, Inca Digital Printers Ltd, and Epson India Pvt Ltd. are among the key players operating in the digital production inkjet printing market players that were profiled in the report. Several other major digital production inkjet printing market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The digital production inkjet printing market report provides detailed market insights, which help the key players strategize their growth prospects in the digital production inkjet printing market.
The North America digital production inkjet printing market size is segmented into the US, Canada, and Mexico. Printing, advertising, and publishing are a few industries that use inkjet printing technology, which employs the inexpensive direct deposition manufacturing technique. Due to its vast application and cost-effectiveness, several companies across North America are deploying digital production inkjet printing market. For instance, in February 2023, PSM (Producciones Signaléticas Mexicanas), a printing company in Mexico, employs Agfa inkjet printers to increase production and save up to 50% on ink while meeting the needs of its retail, department store, and supermarket customers.
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