According to the research report titled ‘Global Digital Printing Market Size study, By Digital Printing (Digital Printers, Ink, Printhead), By Ink Type (UV-Cured Ink, Aqueous Ink; Solvent Ink. Latex Ink. Dye Sublimation Ink), By Substrate (Plastic Film or Foil, Release Liner, Glass, Textile, Paper, Ceramic, Others), By Printheads (Inkjet, Laser), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global digital printing market is projected to witness considerable growth by the end of the year 2028.

The rising popularity of sustainable printing solutions, the rapid growth of the textile and packaging secotr, and the decrease in the per-unit cost of printing are some of the chief factors driving the expansion of global digital printing market.

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For those unaware, digital printing technology enables printing from electronic files as well as offers quick, precise, short-run color printing at a reasonable price. For personalized marketing materials like a letter, business cards, direct mail, and many others, it is known to be one of the most cost-effective options, thus contributing toward its popularity across the globe.

Apart from this, improving economic conditions and surging R&D expenditure will contribute toward the overall market expansion as well. However, high initial investments and rising demand for e-books and digital advertisements are expected to impede the overall market growth over the forecast period.

Based on digital printing, the market is divided into the printhead, ink, and digital printers. The printhead segment is further categorized into inkjet and laser.

Moving on to the ink type, the industry is fragmented into dye sublimation ink, solvent ink, latex ink, aqueous ink, and UV-cured ink. As per substrate type, the market is segmented into ceramic, paper, textile, glass, release liner, plastic film or foil, and others.

From the regional point of view, North America is expected to hold the largest market share in the forthcoming years, owing to technological breakthroughs and increasing investments in R&D activities.

Meanwhile, Asia-Pacific digital printing market is anticipated to observe the highest CAGR over the forecast period, primarily attributable to the explosive growth of the food & beverage and textile sectors as well as high concentration of leading market players.

Samsung Electronics Co. Ltd., Inca Digital Printers Limited, Electronics for Imaging Inc., Seiko Epson Corporation, Xerox Holdings Corporation, Roland DG Corporation, Mimaki Engineering Co. Ltd., Ricoh Company Ltd., Canon Inc., and Hewlett-Packard Development Company L.P. are the leading players operating in global digital printing industry.