Digital Printing Market to Reach $35.71 Bn, Globally, by 2028 at 3.7% CAGR: Allied Market Research
PORTLAND, Ore., May 13, 2021 /PRNewswire/ Allied Market Research published a report, titled, Digital Printing Market by Type (Inkjet and Laser), Ink Type (Aqueous, Solvent, UV-curable, Dye Sublimation, Latex, and Others), and Application (Plastic Films or Foils, Textile, Glass, Paper/Books, Ceramic): Opportunity Analysis and Industry Forecast, 2021-2028. 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.
Drivers, restraints, and opportunities
Increase 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. On the other hand, rise in usage of digital dyeing and printing