Commercial Printing Market Technological Advancements & Competitive Insights to 2025
16th
April 2019 - Global
Commercial Printing Market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. Commercial Printing is a method of creating artwork and then transferring
it onto a card or paper in bulk. It is used to create several types of products
like catalogs, brochures, newsletters, books, magazines, flyers, invitations,
and more. The exclusively used printing process is offset lithography.
The factors that are playing a major role in the growth of the market are
growing demand for advertising and packaging print processes in Japan, India,
and China and increasing cost of eBooks and subscription. However, the presence
of alternatives and reduced consumer spending on commercial printing are the
factors that may restrain overall market growth in the years to come.
Commercial printing market is segmented based on technology, application, and
region.
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Gravure Print, Lithographic Print, Screen Print, Digital Print,
Flexographic Print, and other product types could be explored in commercial
printing market in the forecast period. The lithographic print sector accounted
for the substantial market share of commercial printing and is estimated to
lead the overall market in the years to come.
The market may be categorized based on applications like labels and
wrappers, advertising, directories, periodicals, office products, catalogs, and
others. Advertising sector accounted for a significant market share of
Commercial Printing and is estimated to lead the overall market in the years to
come.
Globally, Asia Pacific accounted for the significant market share of
commercial printing and is estimated to lead the overall market in the years to
come. The reason behind the overall market growth could be growing demand for
advertising and packaging print processes in Japan, India, and China and the
growing consumers spending on commercial prints.
Europe and North America are also estimated to have a positive influence
on the future growth. Europe is the second largest region with significant
market share. However, North America is estimated to grow at the highest CAGR
in the forecast period. Canada and the United States are the major consumer of
Commercial Printing in this region.
The key players of Commercial Printing Market are R.R. Donnelley &
Sons, Dai Nippon Printing, Quad/Graphics, LSC Communications, ACME Printing,
Workflow Imaging Systems, Bertelsmann, O’Neil Printing, Merrill Corporation,
and Deluxe Enterprise Operations. These players are concentrating on inorganic
growth to sustain themselves amidst fierce competition.
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