Digital Printing Market to Reach $35.71 Bn, Globally, by 2028 at 3.7% CAGR: Allied Market Research
According to the report, the global digital printing industry generated $25.74 billion in 2019, and is expected to reach $35.71 billion by 2028, witnessing a CAGR of 3.7% from 2021 to 2028.\nIncrease in demand for sustainable and cost-efficient printing methods and surge in demand from the food & beverage industry drive the growth of the global digital printing market.
- According to the report, the global digital printing industry generated $25.74 billion in 2019, and is expected to reach $35.71 billion by 2028, witnessing a CAGR of 3.7% from 2021 to 2028.\nIncrease in demand for sustainable and cost-efficient printing methods and surge in demand from the food & beverage industry drive the growth of the global digital printing market.
- However, high initial investment hinders the market growth.
- This is attributed to advent of next-generation cartridge-free ink-jet printers and rise in demand for high-quality output printing solutions from the household, commercial and industrial sectors.
- This is attributed to availability of next-generation advanced printing technologies along with the presence of prime vendors in the region.