Commercial printing market is anticipated to grow at a significant CAGR of 3.5% during the forecast period. The increasing requirement of businesses and enterprises for advertising materials such as brochures and pamphlets is driving the demand for the commercial printing market. Moreover, the rising adoption of digital media for the publication of books and advertising manufacturers along with the rapid growth of the food and beverages industry is another factor boosting the market growth. For the same, the market players are continuously adopting several strategic initiatives such as mergers and acquisitions, among others. For instance, in September 2022,  Oasis Flower Plant for Plastic signed an agreement to acquire a Comexi F2 MB flexo press. Through this agreement,  the company uses Comexi’s flexographic printers to address the rising requirements of various customers, especially customers of the food & beverage sector. 

Segmental Outlook 

The global commercial printing market is segmented based on the type, and application. Based on type, the market is sub-segmented into digital printing,  offset lithography, flexography, led UV, and large format. Based on application, the market is categorized into packaging, publishing, newspaper, magazines, and others.  Among the type, the digital printing sub-segment is expected to grow at a significant CAGR over the forecast period. Advent features offered by digital printers, such as customization of images, text, and graphics on each printed piece bolsters the demand for this printer by commercial printing companies, which in turn boosts the segment growth. However, the offset lithography sub-segment is anticipated to hold a considerable share of the global commercial printing market, owing to the rising application of offset lithography printers for printing books, paper, and stationery products.  

Among the applications, the packaging sub-segment is expected to witness significant growth during the forecast period. The increasing demand for printing from packaging and labels for pharmaceuticals, tobacco products, and alcoholic beverages, along with the booming e-commerce industry are some of the key factors propelling the segmental growth. E-commerce players are also rapidly adopting innovative printing solutions for their daily packaging,  which in turn drives the packaging segment growth in the market.  Moreover,  the contribution of key players by adopting numerous strategies such as partnerships, expansions, and acquisitions to further fuel the market growth. For instance, in June 2022, Fortis Solutions Group LLC acquired Anchor Printing. With this acquisition, Anchor Printing provides shrink sleeves, flexible packaging, and pressure-sensitive labels across a range of industries including the paint, automotive, healthcare & medical, food & beverage, beauty, and chemical end-markets, while expanding the business of Fortis Solution globally. 

Regional Outlooks

The global commercial printing market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to witness a prominent market share of the global commercial printing market. The regional growth is attributable due to the presence of key players such as Quad/Graphics Inc., Acme Printing, Cenevo, and RR Donnelley in the region. However, the Asia-Pacific region is expected to register remarkable market growth. The increasing application of printing in various end-user industries including packaging, labeling, and advertising sector is the major factor propelling the market growth. 

Global Commercial Printing Market Growth, by Region 2022-2028

The Asia-Pacific Regionis Expected to Witness a Considerable Growth in the Global Commercial Printing Market

Among all regions, the Asia-Pacific region is expected to witness a considerable growth over the forecast period. The growth is mainly attributed owing to the increasing application of commercial printing in various end-user industries such as packaging, media and entertainment. According to an Assocham-EY joint study, India’s print and packaging industry generated a revenue of $72.6 billion in 2020, registering a CAGR of 18%. Moreover, the increasing demand for processed and canned food in emerging markets such as China and India is expected to impact the market in the region positively. The value of Indian food imports rose by 45.3% from $25.7 billion in 2020 to $37.3 billion in 2021, as per the Australian Trade and Investment Commission. 

Market Players Outlook

The major companies serving the global commercial printing market include Duncan Print Group, Gorham Printing Inc., LSC Communications US, LLC, Quad/Graphics, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches and collaborations, to stay competitive in the market. For instance, in November 2020, ATL install flexographic printing to provide the highest quality printed products to customers. The printing is available in 10 color, 17" web press that prints 750 feet per minute. With the short web paths and minimal ink usage requirements, this new press reduces waste by 50% and allows for fast changeover times which increases productivity.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global commercial printing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.