In 2023, it is anticipated that the size of the worldwide printing machinery market will reach US$ 22,814.9 million. The market is anticipated to produce US$ 38,572.8 million by 2033 while growing at a 4.7% CAGR.
Printing machinery plays a vital role in various sectors, including publishing, packaging, textiles, and advertising. It encompasses a wide range of equipment, such as offset printers, flexographic printers, digital printers, and screen printers. These machines are used to produce high-quality printed materials, including books, magazines, labels, packaging, and promotional materials.
Shift Towards Sustainable Printing Practices
In recent years, there has been a growing emphasis on sustainability across industries. The printing industry is no exception. Printing machinery manufacturers are focusing on developing eco-friendly solutions by incorporating energy-efficient technologies, using recyclable materials, and adopting environmentally friendly printing processes. This shift towards sustainability is driving the demand for modern printing machinery.
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Key Factors Driving the Printing Machinery Market
Technological Advancements
Innovation has been a driving force behind the growth of the Printing Machinery Market. Manufacturers are continually introducing new technologies and features to enhance the efficiency, speed, and quality of printing machines. For instance, the adoption of digital printing technology has revolutionized the industry by enabling faster turnaround times, variable data printing, and cost-effective short-run printing.
Growing Demand for Printed Packaging Materials
The increasing popularity of online shopping has led to a surge in demand for printed packaging materials. E-commerce businesses require attractive packaging designs to create a positive brand image and enhance the unboxing experience for customers. Printing machinery plays a crucial role in producing vibrant and eye-catching packaging solutions that meet these requirements.
Expansion of the E-commerce Industry
The rapid growth of the e-commerce industry has had a direct impact on the Printing Machinery Market. With more businesses entering the online marketplace, the need for printed materials, such as product catalogs, brochures, and promotional flyers, has significantly increased. Printing machinery offers a cost-effective solution for producing these marketing materials in large volumes.
Key Market Drivers and Challenges
Increasing Demand for Personalized and Customized Printing
In today’s consumer-centric world, the demand for personalized and customized printing solutions is on the rise. Whether it’s customized packaging, personalized marketing materials, or on-demand printing, businesses are seeking printing machinery that can cater to these specific needs.
Growing E-commerce Industry and Packaging Requirements
The booming e-commerce industry has propelled the demand for efficient packaging solutions. Printing machinery plays a vital role in creating eye-catching packaging designs, ensuring product safety, and enhancing brand recognition. As the e-commerce market continues to expand, the printing machinery market is expected to witness substantial growth.
Printed hoardings on streets will be replaced by digital signage, and consumers will gradually shift to print-free media. Leading manufacturers of printing machines, which are the key stakeholders in the global printing machines market, will face the brunt of the changing dynamics as such. The study reveals that companies namely,
- Agfa-Gevaert Group,
- Océ Imagistics, Inc.,
- Bobst Group SA,
- Fujifilm Holdings Corporation,
- Heidelberger Druckmaschinen AG,
- Hewlett Packard Enterprise Company,
- Koenig & Bauer AG,
- Komori Corporation,
- Apex Machine Company Inc., and
- Cerutti Group
will remain active in the expansion of the global printing machines market through 2026.
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High Demand for Offset Lithography Printing Machines
A majority of key players in the global printing machines market are focusing on increasing the production of offset lithography printers. Competitive advantage of offset lithography when compared to digital printing techniques and flexography will continue to drive the demand for such machines. By the end of 2026, over US$ 12.7 Bn worth of offset lithography printing machines are expected to be sold across the globe. Digital printing machines, on the other hand, will register a CAGR of 5.4%, reflecting fastest sales during the forecast period.
APEJ and North America – Leading Markets for Printing Machines
Regional analysis and forecast, developed in the study, projects that the printing machines market in North America and Asia-Pacific excluding Japan (APEJ) region will register impressive growth. By 2017-end, the printing machines markets in these regions are expected to be worth over US$ 4 Bn individually. North America is anticipated to record higher sales of printing machines due to booming packaging businesses in the US and Canada, while the APEJ printing machines market will be characterized by mass-scale production of printing machines at affordable costs.
Current Market Trends: Unveiling the Shifting Dynamics
The printing machinery market is characterized by several prominent trends that are shaping its landscape. Understanding these trends is crucial for businesses and individuals operating in the industry. Let’s explore some of the key trends:
1. Integration of IoT and AI in Printing Machinery
The integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies has revolutionized the printing machinery sector. IoT-enabled printers allow for remote monitoring, predictive maintenance, and real-time data analysis, improving overall operational efficiency. AI-powered features such as image recognition and automated workflows streamline printing processes, enhancing productivity.
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Printing Machinery Market by Category
By Product Type:
- Offset Lithography
- Flexography
- Screen
- Gravure
- Letterpress
- Digital
- Others
By Substrate Type:
- Plastic
- Paper & Paperboard
- Metal
- Other Substrates (Wood, Glass, Fabric)
By Application:
- Packaging & Labels
- Books
- Newspaper & Magazines
- Commercial Printing & Others
- Advertising
- Office Stationaries
By End Use:
- Commercial
- Publication
- Packaging
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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