Digital print output is forecast to grow by 65% over the next 10 years to reach $230 billion by 2029. This dynamic growth rate will be driven by incursions into package printing, as well as books and other graphic printing areas, according to Smithers report The Future of Digital Print: Long-Term Strategic Forecasts to 2029.
By Smithers
Published: November 26, 2019
By 2029, print industries will change significantly as a result of economic, technological, demographic, ecological, and behavioral factors, according to a new report from Smithers. Projected to reach $139 billion in 2019, digital print output is forecast to grow by 65% over the next 10 years to reach $230 billion by 2029. This dynamic growth rate will be driven by incursions into package printing, as well as books and other graphic printing areas, according to Smithers report. The Future of Digital Print: Long-Term Strategic Forecasts to 2029.
The in-depth forecast from Smithers shows that the global digital print market will reach just over the equivalent of 3 trillion A4 prints in 2029 at an average CAGR of 5.3% in value over 2014–29. New digital equipment and consumable sales will grow, reflecting the cost-effectiveness of inkjet and electrophotography for short to medium runs. The new capabilities in digital printing will enable print suppliers to offer customers greater agility while a number of societal trends will fuel overall digital print growth.