Asia Pacific commercial printing market will grow by 2.7% annually with a total addressable market cap of $2,765.5 billion over 2022-2031, driven by the increasing sales of physical hardbound books, Asia Pacific growth in packaging industry, the introduction of eco-friendly practices such as high-quality printed packaging material, growing advertising needs of enterprises, and extensive technological proliferation
Commercial printing is a term that refers to the printing process for businesses or commercial purposes. It is also known as the process of taking artwork and transferring it to a paper or card. This method is used to produce different types of products such as flyers, invitations, magazines, brochures, catalogues, and much more. The global commercial printing market has a wide range of applications, such as packaging, publishing, advertising, and others. Different types of commercial printing include offset printing and digital printing.
Asia Pacific represents one of the largest global commercial printing markets. The market is primarily driven by the growing advancements in digital printing technologies, especially in China, India and Vietnam. The advent of the latest technologies has replaced conventional printers with commercial printers with high-speed printing capabilities. Additionally, the expanding food and beverage and pharmaceutical industries have also increased the demand for commercial printing solutions as they are necessary for producing large displays, which aids in attracting consumers. Furthermore, the introduction of green commercial printers that use environmentally-sound printing techniques to minimize waste and utilize less energy are also providing a positive impact on the industry. A wide range of value-added services, like mailing, fulfillment, consulting, graphic design and data management services, enables print suppliers to deliver innovative services to their buyers. Suppliers in the market are competing with each other by providing value-added services to their clients at competitive prices, and they help buyers consolidate multiple print-related activities to a single service provider
Commercial printing includes various services, such as bulk printing, layout designing, binding, composition and press productions. It produces a wide variety of materials such as phone books, magazines, catalogues, business forms, promotional materials, flyers, training manuals and brochures. These materials are essential for advertising and branding purposes. Consequently, these services are extensively employed in publishing and printing houses, and other such large organizations, to run their marketing operations effectively. Increasing demand for commercial printing along with rising applications of commercial printing are driving the market. The need for short-run production for a wide range of applications is increasing the demand for printing of books, direct mail, brochures, and catalogues. Printing is done on a large scale for advertising purposes, which is anticipated to boost the commercial printing market. Increasing awareness related to the benefits offered by inkjet devices, such as replacement of two to four toner devices with one inkjet device and requirement of less staff for operations, is boosting the segment. Increasing demand for commercial printers for advertising, due to high cost efficiency and bulk production, is anticipated to drive the advertising segment. Digital advertising is gaining high importance in the market, which is boosting the advertising segment. Soft signage is proving to be beneficial to people. Fashion brands are opting for digital advertising, which helps in the expansion of their businesses globally. Asia Pacific accounted for a major market share in 2021 and is projected to dominate the global market during the forecast period. Changing lifestyle of people in this region majorly drives the market. Rising demand for commercial printers in countries such as India, China, Thailand, and Vietnam is driving the market in Asia Pacific. India is projected to become one of the largest consumer market by 2026.
The Pandemic affected the commercial printing market vastly in the region of Asia pacific. Social situations like lockdowns, and travel restriction along with social distancing made the distribution of these products created by the commercial print media impossible. With this the companies were shifting towards digitalisation because most of the consumer trends depicted so. The production process of this market completely came to a halt with the pandemic and resulted in decline of the market.
Highlighted with 27 tables and 45 figures, this 104-page report “Asia Pacific Commercial Printing Market 2021-2031 by Printing Type (Offset Lithography, Digital, Flexographic, Screen, Gravure), Print Product (Image, Painting, Pattern), Service (Printing, Design, Finishing, Fulfillment), Application (Packaging, Advertising, Publishing), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific commercial printing market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific commercial printing market in every aspect of the classification from perspectives of Printing Type, Print Product, Service, Application, and Country.
Based on Printing Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Offset Lithography Printing
• Digital Printing
• Flexographic Printing
• Screen Printing
• Gravure Printing
• Other Printing Types
Based on Print Product, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Other Print Products
By Service, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Other Services
Based on Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Other Applications
Geographically, the following national/local markets are fully investigated: Germany
• South Korea
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of the regional market by country and split of key national markets by Printing Type, Print Product, and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Bertelsmann SE & Co. KGaA
Dai Nippon Printing Co., Ltd.
LSC Communications US LLC
Print Direction Inc.
Quebecor World Inc.
R.R. Donnelley & Sons
TC Trans Continental Inc.
Toppan Co., Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample