How big is the opportunity for the Digital printing market?

Posted by Steve Stark on May 18th, 2021

The digital printing market size is expected to grow from USD 24.8 billion in 2021 to USD 34.3 billion by 2026, at a CAGR of 6.7%. Growing demand for sustainable printing and developments in packaging and textile industries are the key factors driving the growth of the digital printing market.

Which are the recent industry trends that can be implemented to generate additional revenue streams?

Increasing demand from in-plant market will create lot of opportunities for the market.

Who are the major players operating in the Digital printing detection market? Which companies are the front runners?

Hewlett-Packard Development Company, l.P. (US), Canon, Inc. (Japan), Ricoh Company, Ltd. (Japan), Mimaki Engineering Co., Ltd. (Japan), Roland DG Corporation (Japan), Xerox Corporation (US), Seiko Epson Corporation (Japan), Durst Phototechnik AG (Italy), Electronics for Imaging, Inc. (US), Inca Digital Printers Limited (UK), Printronix (US), Brother Industries, Ltd. (Japan), Oki Electric Industry (Japan), Kyocera Corporation (Japan), Toshiba (Japan), Samsung Electronics (South Korea), Konica Minolta (Japan), Sharp (Japan), Panasonic (Japan), GCC (Taiwan), ID Technology (US), Neuralabel Printing Solutions (US), Dalemark Industries (US), Inkcups (US), and Rena Systems (US)). are some of the major vendors in the market.

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What are the major Ink types in Digital printing market?

UV-cured, Aqueous and solvent are major ink types of Digital printing market.

Which substrate type will have a major impact in the digital printing market?

The market for textile substrate is estimated to grow at higher CAGR during the forecast period. Textile printing is a technique of applying color to fabrics in a particular design and pattern. The increasing preference of consumers toward high-quality textile printing is a key factor that drives the market growth. Digital textile printing exemplifies the futuristic technologies capable of manufacturing durable inks, thus maximizing the overall efficiency. It has advantages such as higher reliability, longer print life, and cost reduction. The major driver for textile printing is the growth of the apparel industry. The apparel industry is closely tied with the fashion industry, which is always evolving. Printed apparels are hugely popular among people, particularly millennials. In fact, many websites provide customized printed apparel on demand. .