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31 May 2023
Reports Say Digital Printing Growing in All Markets
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Several recent reports have digital printing growing rapidly in multiple printing markets. Including commercial printing, packaging and textile markets.According to a report by Smithers, the global digital printing market was valued at $145.28 billion in 2020 and is projected to reach $220.44 billion by 2026, growing at a CAGR of 7.2% during the forecast period.
The packaging industry is driving the growth of digital printing.
According to a report by MarketsandMarkets, the digital printing for packaging market is expected to grow from $11.42 billion in 2020 to $28.85 billion by 2026, at a CAGR of 16.2% during the forecast period.
The textile printing industry is also seeing significant growth in digital printing. According to a report by ResearchAndMarkets, the global digital textile printing market is expected to grow from $2.2 billion in 2020 to $8.4 billion by 2025, at a CAGR of 30.2% during the forecast period.The direct-to-garment printing market is also experiencing rapid growth. According to a report by Technavio, the
global direct-to-garment printing market is expected to grow by $1.17 billion during 2020-2024, at a CAGR of over 12% during the forecast period.
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