Global Printing Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
14 Jun, 2021
The printing market consists of sales of printing services by entities (organizations, sole traders and partnerships) that print products such as newspapers, books, labels, business cards, stationery, business forms, and other materials.
Global Printing Market Size And Drivers:
The global printing market is expected to grow from $277.12 billion in 2020 to $305.34 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $337.33 billion in 2025 at a CAGR of 3%. Increasing population is the main driver of the market.
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Trends In The Global Printing Market
The use of digital inkjet printer is on the rise in this market due to its faster printing rate as compared to the traditional printers. Digital Inkjet Printers are the ones in which characters are formed from minute jets of prints. They are more efficient and reliable than the traditional printers used.
Global Printing Market Segments:
The global printing market is further segmented based on type, technology and geography.
By Type: Commercial Printing (Except Screen And Books), Commercial Screen Printing, Books Printing
By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, Offset Printing, Others
By Geography: The global printing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global printing market, accounting for 35% of the market in 2020.
Read More On The Report For The Global Printing Market At:https://www.thebusinessresearchcompany.com/report/printing-global-market-report-2020-30-covid-19-impact-and-recovery
Printing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides printing market overviews, analyzes and forecasts market size and growth for the global printing market, printing market share, printing market players, printing market segments and geographies, printing market’s leading competitors’ revenues, profiles and market shares. The printing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.