$711+ Billion Worldwide Commercial Printing Services Industry to 2031: Report
02 January 2023: ResearchAndMarkets.com has recently published “Commercial Printing Services Global Market Report 2022″ Report. This report provides strategists, marketers and senior management with the critical information they need to assess the global commercial printing services market.
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%. Commercial Printing Services Market is expected to reach $711.23 billion in 2026 at a CAGR of 2.39%. Main printing types of commercial printing services include offset lithography printing, digital printing, flexographic printing, screen printing, gravure printing, and other printing types.
Lithography is a printing technique that employs a flat stone or metal plate on which the image areas are worked with a greasy substance to ensure that the ink adheres to them, while the non-image areas are made ink-repellent. The prints made in commercial printing services include images, paintings, pattern and other prints.
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 commercial printing services market research report is one of a series of new reports that provides commercial printing services market statistics, including commercial printing services industry global market size, regional shares, competitors with a commercial printing services market share, detailed commercial printing services market segments, market trends and opportunities, and any further data you may need to thrive in the commercial printing services industry.
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.
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.
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.
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