Commercial Printing Services Global Market Report 2022: Growing Business Advertising Needs Driving Sector - ResearchAndMarkets.com
The "Commercial Printing Services Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global commercial printing services market is expected to grow from $633.67 billion in 2021 to $647.23 billion in 2022 at a compound annual growth rate (CAGR) of 2.14%. The commercial printing services market is expected to reach $711.23 billion in 2026 at a CAGR of 2.39%.
Asia Pacific was the largest region in the commercial printing service market in 2021 and is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial printing service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing advertising needs of enterprises across the globe is driving the growth of commercial printing services. Advertising helps businesses to reach the right audience with positive and focused messaging that converts potential customers into paying customers and also helps to reach the right audience with targeted messaging that converts potential consumers into loyal customers. Therefore, an enterprise across the globe has been adopting different advisement mediums to grow their business and approach the target audience.
According to the report published by World Advertising Research Center (WARC), in 2019, traditional media, such as radio, broadcast television, cable and satellite, print, and billboards, accounted for 53.3% of all advertising expenditures spent globally. Furthermore, according to the Pitch Madison Advertising Outlook Report 2022, In India, ad spending on print media increased by 39% to 16,595 crores in 2021 from 11,925 crores the previous year. Therefore, the growing advertising needs of enterprises across the globe will increase the demand for commercial printing services during the forecast period.
The green commercial printers are a key trend gaining popularity in the commercial printing service market. The commercial printing service providers are adopting green commercial printers that employ environmentally friendly paper, inks, varnishes, and chemicals, as well as waste reduction and reuse.
For instance, in January 2021, Solopress, a UK-based company, announced the launch of a new range of environmentally friendly print products called Solopress Green. The new line includes a variety of high-quality items that are printed on recycled paper types. Also, all carbon emissions are compensated by funding climate-related projects. Customers can generate an outstanding suite of eco-friendly stationery and promotional print with options such as Business Cards, Flyers & Leaflets, Postcards, Greetings Cards, and Stickers, as well as additional goods slated for the future.
Furthermore, In September 2019, Seiko Epson Corporation launched Epson's EcoTank printer, a refillable ink tank that can print up to a year's worth of pages before needing to be replaced. As soon as the ink runs low, the consumer may refill the tank rather than buy a new cartridge. As a result, there is less physical waste, which has a lower environmental impact. The printer and refill bottles are manufactured using recyclable materials.
Scope
Markets Covered:
1) By Printing Type: Offset Lithography Printing; Digital Printing; Flexographic Printing; Screen Printing; Gravure Printing; Other Printing Types
2) By Print Type: Image; Painting; Pattern; Other Print Types
3) By Application: Advertising; Periodicals; Catalogs; Office Products; Directories; Labels and Wrappers
Key Topics Covered:
1. Executive Summary
2. Commercial Printing Services Market Characteristics
3. Commercial Printing Services Market Trends And Strategies
4. Impact Of COVID-19 On Commercial Printing Services
5. Commercial Printing Services Market Size And Growth
6. Commercial Printing Services Market Segmentation
7. Commercial Printing Services Market Regional And Country Analysis
8. Asia-Pacific Commercial Printing Services Market
9. China Commercial Printing Services Market
10. India Commercial Printing Services Market
11. Japan Commercial Printing Services Market
12. Australia Commercial Printing Services Market
13. Indonesia Commercial Printing Services Market
14. South Korea Commercial Printing Services Market
15. Western Europe Commercial Printing Services Market
16. UK Commercial Printing Services Market
17. Germany Commercial Printing Services Market
18. France Commercial Printing Services Market
19. Eastern Europe Commercial Printing Services Market
20. Russia Commercial Printing Services Market
21. North America Commercial Printing Services Market
22. USA Commercial Printing Services Market
23. South America Commercial Printing Services Market
24. Brazil Commercial Printing Services Market
25. Middle East Commercial Printing Services Market
26. Africa Commercial Printing Services Market
27. Commercial Printing Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Printing Services Market
29. Commercial Printing Services Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Quad/Graphics Inc.
- Dai Nippon Printing Co. Ltd.
- ACME Printing Inc.
- Quebecor World Inc.
- Toppan Printing Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/z2uru4
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