Commercial Printing Market Analysis

Global Commercial Printing Market Overview

Commercial Printing Market Size was valued at USD 495.2 Billion in 2022. The Commercial Printing market is projected to grow from USD 511.0 Billion in 2023 to USD 657.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2023 - 2032). The growing need from businesses and organizations for promotional items like brochures and pamphlets, as well as the advancement of printing technology, are the key market drivers enhancing the market growth.

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Commercial Printing Market Trends

• The increasing need of businesses and enterprises for advertising materials is driving the market growth

The demand for commercial printing services is rising as businesses and industries need more promotional materials like brochures and booklets. Advertising is among the most effective marketing strategies. The development of technology, which includes quicker presses and new colour and toner technologies, makes it feasible to produce goods of higher quality and with greater efficiency. Technical developments in printing techniques also show how efficient and cost-effective bulk printing is. Cost-effectiveness can somewhat make up for the limitations that digital media have on printing services.

The e-commerce industry's explosive demand for packaging and labeling is a major factor in the target market's expansion. To improve the packaging, e-commerce merchants like Amazon, eBay, and Target are implementing cutting-edge production techniques like additive manufacturing and AI-powered design tools. Retail, warehousing, and logistics market participants are making investments in hybrid print technology. Hybrid technology enables the benefits of both analogue and digital technologies to be combined. To do this, the dependability and efficiency of flexographic printing are merged with the artistic possibilities of digital technology.

Despite the increasing use of digital media for book publishing and advertising, commercial printing is still vital since printed goods and publications offer a unique experience. It cannot be compared to anything on the internet. Regular readers choose printed magazines and books over internet ones because physical books enrich the experience. Print books also provide users advantages like simpler reading.

In the United States, print book sales climbed by about 68 million USD in 2021. The market is developing as a result of consumers' increasing preference for print-on-demand. The print-on-demand (POD) order delivery technique prints the products as soon as the customer places the purchase. POD enables customers to receive unique designs for a variety of products. The preference of consumers for customization and personalization is rising, which helps the target market expand.

Today's corporations place an increasing emphasis on sustainability. Commercial inkjet devices are becoming more popular because they consume less energy, generate less carbon dioxide, and are thought to contribute to cleaner air because they don't release toner dust. Many businesses are spending money on inkjet printers to expand their product lines, personalize packaging and marketing, help customers promote their brands, and adjust to seasonal demand. For instance, DS Smith Iberia in Lisbon, Portugal, installed the EFI Nozomi C18000 Plus six-color single pass-LED inkjet printer in 2021. The Nozomi's productivity is anticipated to speed up time to market and provide printing quality comparable to offset printing without the use of litho lamination. Thus, driving the Commercial Printing market revenue.

Commercial Printing Market Segment Insights

Commercial Printing: Printing Technology Insights

The Commercial Printing Market segmentation, based on printing technology, includes digital printing, lithography printing, flexographic, screen printing, gravure printing, and others. In 2022, the digital printing segment represented the greatest revenue share. The paper and package printing industries have quickly embraced inkjet and laser printing solutions because of how affordable and adaptable the technology is. The use of Internet of Things (IoT) and artificial intelligence (AI) based technologies is also anticipated to propel the category. Digital printing is widely utilized in printing operations because it provides cheaper costs for color prints and a higher rate of return on investment.

Commercial Printing Application Insights

The Commercial Printing Market segmentation, based on application, includes packaging, advertising, and publishing. Packaging segment dominated the Commercial Printing Market in 2022. The packaging industry encompasses labeling, tagging, and the printing of flexible packaging. It has been claimed that commercial printers are adopting digital technologies to improve the print quality of packaging. Quick response (QR) codes are also increasingly printed on product packaging; when scanned with a smartphone, they provide further information such as product details and promotional content.

Figure 1: Commercial Printing Market, by Application, 2022 & 2032 (USD Billion)

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Commercial Printing Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Commercial Printing Market dominated this market in 2022 (45.80%). The increasing need for commercial printing for marketing, packaging, labeling, and advertising purposes is to blame for the regional boom. Additionally, it is projected that the presence of important firms in the area, like Quad/Graphics Inc., Acme Printing, Cenevo, and RR Donnelley, will further spur the industry's expansion. Further, the U.S. Commercial Printing market held the largest market share, and the Canada Commercial Printing market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: COMMERCIAL PRINTING MARKET SHARE BY REGION 2022 (USD Billion)

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Europe Commercial Printing market accounted for the healthy market share in 2022. The development of the printing industry in the region is being fueled by elements like the emergence of new technology, shifting lifestyles, an increase in e-commerce, and urbanisation. Further, the German Commercial Printing market held the largest market share, and the U.K Commercial Printing market was the fastest growing market in the European region

The Asia Pacific Commercial Printing market is expected to register significant growth from 2023 to 2032. Advancements in the print sector, such as digital technologies, notably in China and India, are mostly to blame for the regional expansion. Due of these advancements' high-speed capabilities, conventional printers have been supplanted with high-tech commercial printers. Along with helping the target market, the region's e-commerce expansion and retail sector organisation offer tremendous possibilities for package growth. Moreover, China’s Commercial Printing market held the largest market share, and the Indian Commercial Printing market was the fastest growing market in the Asia-Pacific region.

Commercial Printing Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Commercial Printing market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Commercial Printing industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Commercial Printing industry to benefit clients and increase the market sector. In recent years, the Commercial Printing industry has offered some of the most significant advantages to medicine. Major players in the Commercial Printing market, including Quad/Graphics Inc., Acme Printing, Cenveo, RR Donnelley, Transcontinental Inc., LSC Communications US, LLC., Gorham Printing, Inc., Dai Nippon Printing, The Magazine Printing Company, Quebecor World Inc., HH Global, and Cimpress PLC, are attempting to increase market demand by investing in research and development operations.

RR Donnelley & Sons Co (RR Donnelley), a division of Chatham Asset Management LLC, is a comprehensive communication provider that helps its clientele effectively communicate by handling all aspects of their content's development, management, production, distribution, and processing. Direct mail, product customization, multichannel execution, data analytics, financial printing, forms and labels, and logistics are just some of the services provided by this firm. Healthcare, insurance, advertising, publishing, consumer packaged goods, retail, technology, and finance are just some of the industries that can benefit from RR Donnelley's wares. The parent corporation and its subsidiaries run businesses in Asia, Europe, and the Americas. RR Donnelley's main office is located in the Windy City. R.R. Donnelley (RRD) introduced Helium in May 2022 as an editorial solution for businesses needing assistance with copywriting, content optimisation, and project management.

As a global provider of print and related multichannel solutions for marketers and publishers, Quad/Graphics Inc (Quad/Graphics) is an industry leader. Customer Insights and Analytics, Media Services, Campaign Planning, Creative Services, Technology Services, Content Workflow Services, Printing, Broadcasting, Digital, In-Store, Packaging, Sourcing and Procurement, Print and Paper Management, Marketing Outsourcing, and Production Service Outsourcing are all products and services offered by the company. In addition to consumer packaged products, Quad/Graphics serves the financial services, healthcare, insurance, publishing, and retail sectors with its services and solutions. It operates print shops in the Americas, Europe, Asia, and the Pacific Rim. The main office for Quad/Graphics is in the town of Sussex, Wisconsin. LSC Communications US, LLC was acquired by Quad/Graphics in October of 2018. Quad was able to put its attention and resources towards its 3.0 strategy for growth thanks to this purchase.

Key Companies in the Commercial Printing market include

• Quad/Graphics Inc.


• Acme Printing


• Cenveo


• RR Donnelley


• Transcontinental Inc.


• LSC Communications US, LLC.


• Gorham Printing, Inc.


• Dai Nippon Printing


• The Magazine Printing Company


• Quebecor World Inc.


• HH Global


• Cimpress PLC

Commercial Printing Industry Developments

July 2022 Toppan received recognition for its outstanding Environmental, Social, and Governance (ESG) performance and was given consideration in numerous top indices. FTSE Russell developed the FTSE4Good Index Series, FTSE Blossom Japan Index, and FTSE Blossom Japan Sector Relative Index. The MSCI Japan Empowering Women Index (WIN) was developed by MSCI Inc., and the S&P/JPX Carbon Efficient Index was developed in partnership with the Japan Exchange Group.

May 2022 Helium, an editorial solution service offering access to skilled copywriters, content strategists, and project managers, was introduced by RRD. This solution might provide marketers with a centralised access point to hundreds of content generation subject matter experts.

May 2022 According to a press release from Siegwerk, SICURA Litho Pack ECO, a new UV offset ink for non-food paper and board applications, has more than 40% renewable and vegetable-based materials.

Commercial Printing Market Segmentation

Commercial Printing Technology Outlook

• Digital Printing


• Lithography Printing


• Flexographic


• Screen Printing


• Gravure Printing


• Others

Commercial Printing Application Outlook

• Packaging


• Advertising


• Publishing

Commercial Printing Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America