Global Digital Printing Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2020-2026

 The Infinium Global Research analyzes the Digital Printing Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global digital printing market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of digital printing. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the digital printing market during the period. The global digital printing market is projected to grow at a CAGR of 6.1% over the forecast period of 2020-2026.

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Expansion in the Industrial and IT Sectors is Boosting the Digital Printing Market Growth

An increase in the use of digital printing in institutions, offices, and a professional service firm for large-scale printing requirements is a major driving factor of the digital printing market. Furthermore, the other driving factors of the market are increasing demand across the textile industry for printing, growing applications in the packaging industry, and a broad range of applications of 3D printing. In the future, expansion in the textile printing industry is likely to stimulate the application of digital printing technology in the market. Expansion in the industrial and IT sectors is boosting the digital printing market growth. The cost-effectiveness and reduced packaging waste and rising investments in packaging printing machinery from the industrial sector will fuel the digital printing market growth.

However, high initial capital investments hinder the digital printing market growth. Moreover, the increasing technological advancements produce new opportunities for the growth of the digital printing market. The current concern over the spread of coronavirus is expected to have a negative impact on the digital printing market. The unending COVID-19 epidemic has unpleasantly affected the electronics and semiconductor industry with manufacturing operations provisionally suspended across major manufacturing hubs, leading to a generous slowdown in production. Several key players have deferred their manufacturing operations in countries such as China, India, South Korea, and Europe.

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North America Region is Expected to Hold the Largest Share in the Global Digital Printing Market

Among the geographies, the North America region is expected to hold the largest share in the global digital printing market owing to technological development in the region. Further, factors such as the adoption of advanced technology and growing research and development activities have accelerated the growth of the digital printing market in the North American region. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period owing to the increasing usage of digital printing in China and India. The printing industry in China is showing a high level of enthusiasm and interest toward new, data-based business models, digital platform solutions, and end-to-end digitized value creation chains. The digital printing penetration has enabled the local designers to have online access to over 12,000 folding carton designs, making the designing of packaging a forefront toward adoption.

Digital Printing Market: Segmentation

The report on global digital printing market covers segments such as ink type, substrate, and application. On the basis of ink type, the sub-markets include reactive, acid, direct disperse, sublimation, pigment, and others. On the basis of substrate, the sub-markets include cotton, silk, polyester, and others. On the basis of application, the sub-markets include clothing, household, technical textiles, and others.

Digital Printing Market: Competitive Analysis

The report provides profiles of the companies in the market such as AGS Transact Technologies Limited, AM Printex Solutions, Huntsman Corporation, China Dyeing Holdings Ltd., Hollander B.V, Dazian Llc, Dickson Coatings, Digitex India Inc., Fisher Textiles Inc., and Mehler Texnologies GmbH.

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