According to IMARC Group latest published report, titled “Commercial Printing Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that The global commercial printing market size reached US$ 750.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 796.3 Billion by 2027, exhibiting a CAGR of 1.05% during 2022-2027.
What is Commercial Printing
Commercial printing is used for producing informational, promotional, and advertising printed items, such as newspapers, photo books, indoor and outdoor signage, magazines, catalogs, brochures, leaflets, envelopes, business cards, and display products. It plays a significant role in making large and appealing displays, which help attract individuals through fascinating designs. It provides a variety of value-added services including packaging, distribution, graphic design, data processing, and consultancy. As commercial printing is a cost-effective and efficient solution for bulk projects, it finds applications in numerous industries, such as textile, electronics, healthcare, marketing, automotive, real estate, and retail.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Commercial Printing Industry Trends
The growing need for packaging in numerous industries, along with automation in printing, represents one of the key factors positively influencing the market globally. Additionally, the rising advertising needs across the globe, along with technological advancements is driving the market growth. Moreover, vendors in the commercial printing market are largely engaging in printing on textile and apparel products, metals, glass, and paper, which, in turn, is creating a positive market outlook. Apart from this, commercial printing incorporates different technologies, such as lithographic, digital, flexographic, screen, and gravure printing.
On account of this, it finds extensive applications in various industries, such as food and beverage (F&B), pharmaceuticals, packaging, advertising and publishing, which are offering lucrative growth opportunities to key market players worldwide. In line with this, the widespread use of high-quality printed packaging materials for advertising and branding is positively influencing the market. In addition, rising concerns about the environment are convincing manufacturers to adopt environment-friendly materials, such as, soy ink instead of conventional petroleum based ink, which is propelling the market growth.
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Furthermore, manufacturers are upgrading printing standards to meet expectations, streamline workflow, and improve productivity. In line with this, industrialists are also expanding their services towards media and document management services to facilitate organizations in enhancing their distribution and promotion activities. The large-scale use of green commercial printers, which rely on the utilization of eco-friendly paper, coatings, and chemicals, is resulting in reducing waste and hence facilitating the market growth. Along with this, the high adoption of quality commercial printers is compelling key players to introduce more advanced product variants in the market. Apart from this, stringent government regulations for printing labels of pharmaceuticals, tobacco products, and alcoholic beverages are enabling investors in efficient production and effective maintenance of the product, which is expected to propel the growth of the market.
List of Major Key Players:
The major players in the market are Quad/Graphics, Inc.’s (NYSE:QUAD), Dai Nippon Printing Co., Ltd. (DNPLY), ACME, RR Donnelley & Sons (RRD), WestRock Company ( NYSE:WRK ), Quebecor World Inc., Toppan Co. Ltd, TC Transcontinental Inc., Cimpress, Taylor Communications, HH Global, Lagardere SCA, etc.
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