Major companies in the printing market include Quad/Graphics Inc; World Color Press Inc; Deluxe Corporation; Consolidated Graphics Inc and Elite Flyers. The global printing market is expected to grow from $277.
New York, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Printing Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06025304/?utm_source=GNW
12 billion in 2020 to $305.34 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $337.33 billion in 2025 at a CAGR of 3%.
The printing market consists of sales of printing services by entities (organizations, sole traders and partnerships) that print products such as newspapers, books, labels, business cards, stationery, business forms, and other materials. The printing market is segmented into commercial printing (except screen and books); commercial screen printing and books printing.
Asia Pacific was the largest region in the global printing market, accounting for 35% of the market in 2020. North America was the second largest region accounting for 30% of the global printing market. South America was the smallest region in the global printing market.
The use of digital inkjet printer is on the rise in this market due to its faster printing rate as compared to the traditional printers. Digital Inkjet Printer are the ones in which characters are formed from minute jets of prints. It is more efficient and reliable than the traditional printers used.
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