The COVID-19 pandemic has completely changed the way we live and conduct our business. Though it came with a lot of challenges, the pandemic also opened doors to unprecedented opportunities through its digital disruption. The industries, including printing, had no option but to adopt these trends in order to remain relevant in an increasingly competitive market. It is noteworthy that the printing industry continues to register growth, spurred by the continued shift in technology.
According to ReportLinker, the Global Commercial Printing Market was valued at USD 433.79 billion in 2021, and it is projected to be worth USD 484.22 billion by 2027, registering a Compound Annual Growth Rate (CAGR) of 1.74% during the forecast period 2022 – 2027. The commercial printing market is poised for remarkable growth over the next five years. Technological proliferation, along with rising applications, is anticipated to encourage the demand globally. The growing advertising needs of enterprises worldwide and extensive technological proliferation currently represent the key factors driving the market growth. Organizations are increasingly adopting commercial printers, as they are more cost-effective and efficient for bulk printing.
The Inkjet Printer
The inkjet print market, for instance, is currently worth $80.4 billion, almost the equivalent to 923 billion A4 prints, and is expected to reach $118.2 billion in 2025 according to latest Smithers’ report ‘The Future of Inkjet Printing to 2025’. Notably, the African continent has seen an uptick in the use of digital inkjet printers given its faster printing rate as compared to the traditional printers. Along with being much faster, the latest digital printing technology can render designs that are more intricate than other methods. These possibilities allow designers to produce attractive results while encountering fewer limitations than with offset printing
For Epson, the launch of its Enterprise AM-C series couldn’t have come at a better time. It marks a significant shift for Epson in a number of ways. The AM-C series addresses a demand already generated for this type of sustainable product within the middle market, and for our channel partners, it enables the provision of inkjet solutions for all needs within the office print environment; from small workgroup desk-top units to high-speed departmental machines – and now all speeds and demands in-between, including catering for those wanting advanced finishing solutions.
Security Takes Centre Stage
Businesses are increasingly paying attention to cyber security. Industries, including print are not taking chances when it comes to deploying their solutions. Any print technology will focus on more secure systems, now and in the future. The work from home or the hybrid work environment exposes businesses to cyber-attacks, hence the need to protect data.
The 2030 Agenda for Sustainable Development adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. A truly sustainable company will push itself to change people’s lives and really put their revenues to good use. This explains why businesses are placing emphasis on sustainability through the reduction of their environmental impact. The printing industry is poised for products that besides offering efficiency, are also environment friendly.
The Future is 3D Printing
Printing is far from being a thing of the past; the future of printing looks bright and exciting. We are likely to see a future where the use of 3D printers is more widespread and advertising is printed using conductive ink. 3D Printing is already a growing and fast evolving side of the industry. 3D printing allows for the design and print of more complex designs than traditional manufacturing processes. More traditional processes have design restrictions which no longer apply with the use of 3D printing.
We are living in exciting times. There is no doubt that with the evolving technology, the print industry will never be the same.