The global printing machinery market size is projected to reach USD 22,814.9 million in 2023. By 2033, the market is set to generate USD 38,572.8 million, meanwhile expanding at 4.7% CAGR.
Following Drivers are Predicted to Imbue the Market with Growth Potential:
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Advantage over the usage of digital printers has increased exponentially because of its various advantages over the conventional printing technology. Digital printers are also preferred due to their capability of printing on a substrate. The trend of substrate printing on aluminum, glass, wood, etc. is projected to create an opportunity for non-label printing options in future.
Inks specifically supplied for digital printing presses allow converters and print service providers (PSPs) to cater to the high-impact packaging requirements of their clients. The convenience offered by digital presses over conventional presses is providing faster turnaround time. This has led to digital printing being widely accepted in the prime labels market.
The demand from packaging converters and consumer brands to tailor their marketing communications has led to growing opportunities for digital printing industry. In addition to this, it has also created vast prospects for digital ink manufacturers in the packaging market.
Opportunities for Printing Machinery Industry
The industry is filled with plenty of opportunities. For instance, technological advances in machinery are expected to elevate the market growth graph in the coming years. Intense competition in the market has led small and sizable print businesses to adopt modern developments in terms of software and machine features. Listed below are recent developments taking place in the industry:
Key Challenges Putting the Manufacturers at Guard
| Attributes | Details |
|---|---|
| Market Size 2018 | USD 18,818.3 million |
| Market Size 2022 | USD 21,790.7 million |
| Value CAGR (2018 to 2022) | 3.7% |
| Market Size 2023 | USD 22,814.9 million |
| Market Size 2033 | USD 38,572.8 million |
| Value CAGR (2023 to 2033) | 4.7% |
| Collective Value Share: Top 5 Companies (2023E) | 22.5% |
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Increasing demand for sustainable substrates has spiked the revenue generation for the printing machinery industry worldwide. It is predicted to rise at 4.7% CAGR from 2023 to 2033 in comparison to the 3.7% CAGR registered during 2018 to 2022.
Variable data printing (VDP) has emerged as a marketing communication tool. It allows one to personalize packaging information to target a specific group audience or even an individual. In recent years, there has been a shift in the demand from conventional printing to variable data printing and personalized printing. Digital printing is economical as compared to traditional printing technologies.
Thus, companies can now print smaller qualities of packaging with variable information, allowing the possibility of innovative approaches to packaging solutions. Variable data printing has vested business opportunities in digital printing.
Flexographic printing technology is particularly driven by application in the packaging and labels market segment. Flexographic printing technology has been gaining market share from traditional technologies such as gravure and offset. End consumers for packaging and commercial printing applications are shifting towards offset printing processes.
Recent years have seen a spike in usage of Stock Keeping Units (SKUs) which are manufactured by barcode label printers. This variety of labels witnesses growth owing to an increase in the production of fake and counterfeit products and the robbery of valuables. They also provide the advantage of managing inventories for customers of barcode printers.
2022 Value Share Analysis of the Global Printing Machinery Industry
| Country/Region | Value Share (2022) |
|---|---|
| North America | 25.8% |
| Europe | 24.2% |
| The United States | 21.1% |
| Germany | 6.1% |
| Japan | 3.8% |
| Australia | 1.2% |
Value CAGR (2023 to 2033)
| Countries | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 3.2% |
| China | 5.6% |
| India | 7.6% |
India is projected to be a significant shareholder of the Asia Pacific printing machinery market by the end of 2033. The country is projected to expand at 7.6% CAGR over the forecast period. The expansion and penetration of the manufacturing value-added industries are projected to present lucrative opportunities.
As printing machinery manufacturers to augment their revenue generation in India. Also, according to FMI, India has seen a steady increase in demand for sustainable packaging over the last decade.
The ever-increasing production of advertising, office stationery, books, labels, and packaging in India, has gradually risen the demand for printing machinery. The need for eco-friendly, biodegradable solutions has increased the growth of global printing machinery market.
Germany is the leading manufacturer in the field of instruments, appliances, and parts in the European market. Subsequently, the demand for labeling in printing machinery in Europe is growing. Germany observed a market share of 6.1% in 2022.
Key players from Germany are mainly emphasizing manufacturing eco-friendly products with biodegradable properties while using paper & paperboard substrates. Therefore, Germany printing machinery industry is projected to increase by expansion and incremental opportunity of 1.2 times in the forecast period.
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| Category | Product Type |
|---|---|
| Segment | Offset Lithography |
| Value Share in 2022 | 49.2% |
| Category | End Use |
|---|---|
| Segment | Packaging |
| Value Share in 2022 | 42.1% |
Paper & paperboard is widely used in applications such as commercial printing, books, newspaper & magazines, packaging, and labeling. This can be attributed to its favorable properties, such as durability, recycling, and convenience in packaging.
Across the globe, demand for paper & paperboard substrate has increased exponentially which has completely transformed the packaging industry. Due to various properties such as ease in storage and handling, ease in usage has mostly affected the use of paper and paperboard substrate. As a result, the usage of paper & paperboard substrate in printing machinery is projected to expand by 1.4 times by the end of 2033.
Packaging is projected to lead the end-use segment in the global printing machinery market. The segment held a market share of about 42.1% in the year 2022. Packaging is projected to continue to lead the end-user industry segment of the target market. Due to the high demand for applications such as packaging and labeling.
Publication and commercial segments are expected to show a respective incremental opportunity of USD 1,058.0 million in 2023. In emerging economies, the increase in government expenditure on manufacturing value-added industries has spiked in the last few years. It is expected that it’ll impact the packaging end-use segment by an expansion rate of 1.3 times its current market value.
Companies operating in the printing machinery market are aiming at expansions and strategic partnerships with other manufacturers. Such actions are aimed at expanding their product manufacturing capabilities, product portfolio, and global presence.
How can Manufacturers Expand in the Printing Machinery Market?
Manufacturers can scale their businesses by tapping into the robust demand for packaging. Packaging section is projected to result in high yields over the long term. The packaging industry is fuelled by the e-commerce sector, the growth of which became more pronounced post the pandemic.
Packaging is never going to go out of demand, as predicted by industry experts. This is why manufacturers of packaging are focusing on bringing into practice sustainable products. Moreover, processes to avoid or lessen the ramifications caused by non-biodegradable materials.
Dealers of printing machinery are noting the current changes and upgrading the printing machinery to work well with different substrates.
Growth opportunities are extremely lucrative in emerging nations like India and China. Manufacturers and suppliers of printing machinery can look out for growth prospects in these nations.
If producers want to reap exponential benefits, they must integrate their processes with new technology. By adopting new technologies like AI, Big Data, etc., and automating their processes, printing machinery engineers can cut down on expenditures. Needless to say, producers may enjoy a high-profit margin as a result.
By understanding the recent trends, manufacturers can greatly increase their surface area for success in the coming years.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value, Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Japan; Asia Pacific; the Middle East & Africa |
| Key Countries Covered | The United States, Canada, Brazil, Germany, the United Kingdom, France, Italy, Spain, Russia, GCC Countries, China, Japan, South Korea, India, and Australia |
| Key Segments Covered | Product Type, Substrate Type, Application, End-use, and Region |
| Key Companies Profiled | Agfa-Gevaert NV; Oce NV; Bobst Group SA; Fujifilm Holdings Corporation; Heidelberger Druckmanschinen AG; HP Inc.; Koening & Bauer AG; Komori Corporation; Apex Machine Company Inc.; Officine Meccaniche Giovanni Cerutti S.p.A. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is estimated to secure a valuation of USD 22,814.9 million in 2023.
The global market size is expected to reach USD 38,572.8 million by 2033.
The growth potential of the market is 4.7% through 2033.
The latest trend in the printing machinery industry is the integration of recent technologies like big data analytics, 3D printing, etc.
The future growth of the printing machinery market in India is expected to be 7.6% CAGR.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Offset Lithography 5.2. Flexography 5.3. Screen 5.4. Gravure 5.5. Letterpress 5.6. Digital 5.7. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Substrate Type 6.1. Plastic 6.2. Paper & Paperboard 6.3. Metal 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Packaging & Labels 7.2. Books 7.3. Newspaper & Magazines 7.4. Commercial Printing 7.5. Advertising 7.6. Office Stationaries 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 8.1. Commercial 8.2. Publication 8.3. Packaging 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Agfa-Gevaert NV 17.2. Oce NV 17.3. Bobst Group SA 17.4. Fujifilm Holdings Corporation 17.5. Heidelberger Druckmanschinen AG 17.6. HP Inc. 17.7. Koening & Bauer AG 17.8. Komori Corporation 17.9. Apex Machine Company Inc. 17.10. Officine Meccaniche Giovanni Cerutti S.p.A. 18. Assumptions & Acronyms Used 19. Research Methodology
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Printing Machinery Market
