Commercial Printing Services Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
Commercial Printing Services Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, November 6, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!
The commercial printing services market is expected to grow steadily, from $687.6 billion in 2023 to $713.85 billion in 2024, achieving a CAGR of 3.8%. This growth is primarily driven by the increasing needs of advertising and marketing sectors.
What Is the Future Market Size of the Global Commercial Printing Services Market and Its Yearly Growth Rate?
The market size is expected to see steady growth in the next few years. It will grow to $817.73 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to inceasing need for digital printing and personalization, growing sustainable and eco-friendly printing practices, e-commerce packaging and labeling, data-driven marketing solutions, online printing and print-on-demand. Major trends in the forecast period include adoption of artificial intelligence technologies, iot integration, technological advancements, automation and workflow efficiency, and packaging innovation.
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What Are the Main Factors Driving Commercial Printing Services Market Expansion?
The rising advertising needs of businesses worldwide are propelling the market. With advertising essential for reaching target audiences, enterprises are increasingly investing in print media. In India, ad spending on print media surged by 39% in 2021, highlighting the growing significance of commercial printing services in the marketing landscape.
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Who Are the Main Competitors Driving the Commercial Printing Services Market Forward?
Major companies operating in the market include Quad/Graphics Inc., Dai Nippon Printing Co. Ltd., ACME Printing Inc., Quebecor World Inc., Toppan Printing Co. Ltd., R.R. Donnelley & Sons Co., Transcontinental Inc., LSC Communications LLC, Gorham Printing Inc., The Magazine Printing Company, Workflow Imaging Systems Limited, World Color Press Inc., Bertelsmann SE & Co KGaA, Cenveo Corporation, Cimpress PLC, Ennis Inc., O'Neil Printing Inc., Taylor Communications Corporation, The Standard Group, The Vomela Companies, The Garvey Group LLC, The Sheridan Group, The Segerdahl Corporation, The John Roberts Company, The Dingley Press Inc., The C.J. Group of Companies, The Bureau of Engraving and Printing, Yunker Industries Inc., Strategic Factory, HBP Inc.
How Are New Trends Transforming the Commercial Printing Services Market Size?
The market is evolving with the introduction of high-speed digital printing solutions like the AccurioJet KM-1e HD LED UV Inkjet Press. Launched by Konica Minolta in February 2022, this model offers superior image quality and is designed for a variety of printing applications, boasting advanced technologies for improved performance.
What Are the Key Segments Within the Global Commercial Printing Services Market?
The commercial printing services market covered in this report is segmented –
1) By Printing Type: Offset Lithography Printing, Digital Printing, Flexographic Printing, Screen Printing, Gravure Printing, Other Printing Types
2) By Print Type: Image, Painting, Pattern, Other Print Types
3) By Application: Advertising, Periodicals, Catalogs, Office Products, Directories, Labels and Wrappers
Asia-Pacific’s Role as the Foremost Player in the Commercial Printing Services Market
Asia-Pacific was the largest region in the market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Commercial Printing Services Market Definition
Commercial printing services offer a range of solutions for businesses, including bulk printing, binding, layout design, and press production.
The Commercial Printing Services Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Commercial Printing Services Market Report: Trends, Opportunities, Strategies, and More
The Commercial Printing Services Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into commercial printing services market size, commercial printing services market drivers and trends, commercial printing services market major players, commercial printing services competitors' revenues, commercial printing services market positioning, and commercial printing services market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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