The global commercial printing market size reached US$ 750.1 Billion in 2021. Commercial printing is the process that is used to transfer the artwork onto a piece of paper or card. It generally includes bulk printing, along with layout designing, binding, composition and press productions. Commercial printing produces a wide variety of materials, such as flyers, brochures, books, posters, magazines, newsletters, transactional bills and statements, cartons and other promotional materials. With the changing nature of communication, there has been an increase in the utilization of commercial printers, which are essential for advertising and branding purposes.
Global Commercial Printing Market Trends:
The widespread use of high-quality printed packaging material for advertising and branding represents one of the significant growth-inducing factors. Many commercial printing firms offer wide formatting as they are necessary for producing large displays, which aids in attracting consumers with eye-grabbing designs. Also, the leading companies are shifting from traditional offset to advanced digital high-speed technology as it is more efficient, effective and provides reduced costs for color prints. These firms are also emphasizing on expanding their services across areas, such as logistics, digital technologies, and media and management services.
Moreover, with the rising ecological concerns, several printing houses are using environmentally-sound printing techniques, which minimize waste and utilize less energy. Besides this, commercial printing vendors are also extending their offerings to media and document management services that are expected to allow organizations to improve their delivery and promotion capabilities for both the print and non-print materials. Looking forward, IMARC Group expects the market to reach US$ 796.3 Billion by 2027, exhibiting a CAGR of 1% during 2022-2027.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these include Some of the major players in the market are Quad Graphics, Inc (QUAD), DAI NIPPON PRINTING CO (DNPLY), Acme (ACU), Brown & Brown, Inc. (BRO), Cenveo Inc., Quebecor World Inc., Toppan Co. Ltd, Transcontinental Inc., Vistaprint NV, Workflow Management Incorporated, World
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.