BANGALORE, India, Nov. 6, 2020 /PRNewswire/ -- A new Commercial Printing Market Research Report published on Valuates Reports in Printing & Publishing Category. The report contains segmentation Based on Type (Offset Printing, Intaglio Printing, Digital Printing, Other), Based on Application (Image, Painting, Pattern, Other). It also covers Global Opportunity Analysis and Industry Forecast to 2025.
The global Commercial Printing market size is projected to reach USD 797120 Million by 2026, from USD 696760 Million in 2020, at a CAGR of 2.3% during 2021-2026.
North America is expected to hold a significant commercial printing market share due to the early adoption of advanced printing technology by countries like the US and Canada.
Major factors driving the commercial printing market size are the growing advertising needs of enterprises across the globe, technological proliferation, along increasing applications across various end-use segments.
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TRENDS INFLUENCING THE COMMERCIAL PRINTING MARKET
Companies are gradually embracing commercial printing as they are more cost-effective and reliable for bulk printing. Furthermore, the widespread use of high-quality printed packaging for ads and branding is expected to drive the commercial printing market size.
The steady demand for hardbound physical books is another factor driving the commercial printing market size. While e-books and e-journals are gaining popularity among customers, as opposed to their digital counterparts, paperback books and magazines are widely considered to provide elevated comfort and convenience.
Commercial printing vendors are also expanding their services to media and document management services, which are expected to enable organizations to improve both print and non-print material distribution and promotion capabilities. Moreover, it is projected that green commercial printers that use eco-friendly paper, inks, coatings and chemicals to facilitate waste reduction will further fuel the commercial printing market size.
Several promotional practices, such as print ads, are driving the commercial printing market. Print ads are used as part of an overall marketing plan for retail firms. Thus the growing adoption of commercial printing for promotional materials from the retail, food, and beverage industries increases the commercial printing market size.
COMMERCIAL PRINTING MARKET SHARE ANALYSIS
Due to rising demand from critical regions, including China, India, the Philippines, Vietnam and Thailand, the Asia-Pacific region is expected to hold the largest commercial printing market share during the forecast period. The growth of the printing market in the region is driven by factors such as creating new technologies, changing lifestyles, the rise of e-commerce, urbanization, etc. Furthermore, the demand for packaging and advertising printing processes increases, which is poised to drive the commercial printing market size in this region.
In order to create a sustainable environment, the countries of Europe have strongly focused on developing eco-friendly processes and products. Governments in European countries are therefore encouraging the use of energy-efficient solutions for printing. The focus on developing an eco-friendly printing process is expected to drive the European region's commercial printing market size.
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COMMERCIAL PRINTING MARKET SEGMENTATION
The major players that are operating in the global Commercial Printing AGV market are
- Savant Automation
- Bastian Solutions
Segment by Type
- Unit Load Type
- Automated Forklift Type
- Tugger Type
Segment by Application
- Heavy-duty Applications
- Lightweight Applications.
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SIMILAR REPORTS :
- Digital Printing Market
The global Digital Printing market size is projected to reach USD 27.2 Billion by 2026, from USD 20.9 Billion in 2019, at a CAGR of 3.8% during 2021-2026.
The APAC region is expected to hold the largest digital printing market share during the forecast period. This dominance of the APAC region is attributed to the rapid growth in industrialization over the past decade, which has created a lot of opportunities for MPS(Managed Print Services).
Furthermore, the digital printing market size is expected to be fuelled by the APAC region's large textile industry. China and India are the biggest suppliers of textiles and comprise the maximum number of textile printing owners and marketers.
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- Cloud Printing Services Market
Cloud printing service is a service that allows you to print from any web-connected device. Cloud Printing routes print jobs between your computer, smartphone, or tablet and sends it to an Internet-connected printer. Cloud printing services are used in enterprises that use a local area network. Local area networks enable users to give the command within the network from any of the LAN connected devices.
North America has the dominant Cloud Printing Services Market due to the high adoption of cloud printing services, allowing documents to be printed anywhere, anytime from the cloud.
On the other hand, with the growing demand for printer fleet management and managed print services (MPS) offerings, the area of Western Europe is experiencing a strong growth rate, followed by the Asia Pacific region in the cloud printing services industry.
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- Packaging Printing Market
The Global Packaging Printing Market Size is expected to grow from USD 198,860.10 Million in 2019 to USD 257,820.60 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 4.42%.
Major factors driving the growth of the Packaging printing market size are growing demand for packaging printing, rapid industrialization, increasing demand for sustainable printing and cost-effective printing methods.
Based on the region, the Asia Pacific region is expected to hold the largest packaging printing market share. This dominance of the Asia-Pacific region is attributed to the increase in the application of packaging printing in the food industry and the growing e-commerce industry.
This report projects the trends and opportunities of the global packaging printing market. It includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict market behavior during the forecast period.
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- Flexible Packaging Market
The Global Flexible Packaging Market size is expected to grow from USD 148,563.46 Million in 2018 to USD 194,256.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 3.90%.
Major factors driving the growth of flexible packaging market size are, the rise of food and beverage delivery services has increased in modern retailing, high consumer income, and acceleration in e-commerce activities, especially in the emerging economies.
The COVID-19 pandemic has increased the flexible packaging market size as flexible packaging is considered more hygienic due to limited handling.
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