According to Stratistics MRC, the Global Commercial Printing Market is accounted for $449.84 billion in 2022 and is expected to reach $559.41 billion by 2028 growing at a CAGR of 3.7% during the forecast period.
Commercial printing refers to the collection of services, which include bulk printing along with binding, composition, layout designing and press productions. A commercial printer is used to produce phone books, magazines, labels, brochures, business forms, promotional materials and training manuals, among others. It finds extensive applications across publishing and printing houses, as well as in large organizations that use the service to run their operations effectively.
Commercial printing vendors are also expanding their services toward media and document management services, which is likely to facilitate organizations to develop their distribution and promotion capabilities for both print and non-print materials. Moreover, green commercial printers that use eco-friendly paper, inks, coatings and chemicals, and facilitate reducing and reusing waste, are projected to drive the growth of the market further. And, increased collaboration among the convertors and retailers surrounding packaging has led to the development of inventive ways of customer encouragement.
By geography, Europe is projected to have the highest CAGR over the forecast period, owing to the growing need for advertising across enterprises, along with the increasing automation leading to greater competence and better outcome in the print business. The growing use of the advanced flexo printing method, rise in environmental concerns has prompted regulatory authorities to update the printing industry standards. This has increased the demand for eco-friendly inks that help in recovering the recyclability of paper and enabling resourceful separation of the ink from paper. The command for security printing from packaging and label manufacturers for pharmaceuticals and tobacco products, and alcoholic beverages is also likely to increase as companies seek to fulfil with government regulations and protect consumers against replicating contributing to the market growth.
Some of the key players profiled in the Commercial Printing Market include ACME Printing, LSC Communications US, LLC, TOPPAN INC, R.R. Donnelley, Transcontinental Inc., Quad/Graphics Inc, Dai Nippon Printing, RR Donnelley & Sons (RRD), Quebecor World Inc, Cimpress, Taylor Communications, HH Global.
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Print Types Covered:
- Other Print Types
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