According to the latest report by IMARC Group, titled “GCC Commercial Printing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The GCC commercial printing market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.82% during 2023-2028.
Commercial printing represents the collection of services that include bulk printing along with composition, layout designing, binding, and press productions. A commercial printer produces magazines, labels, catalogs, phone books, brochures, promotional materials, business forms, and training manuals. It consists of an ink replacer, fold-out tray, digital or analog control panel, paper feed, memory card reader, and a paper output tray. This device utilizes various printing technologies, such as lithographic, digital, screen, flexographic, gravure, etc. Commercial printing finds widespread applications across publishing houses and large organizations that use the service to operate their functions effectively.
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GCC Commercial Printing Market Trends:
Technological advancements and the introduction of inkjet, electrophotography, and gravure print techniques are among the primary factors driving the GCC commercial printing market. Besides this, end users are shifting from traditional offset to advanced digital high-speed technology as it is more efficient, effective, and provides reduced costs for color prints, which is further augmenting the market growth. Moreover, the extensive utilization of high-quality printed packaging material for branding and advertising and the elevating requirement for commercial printers by organizations, as they are efficient for bulk printing and more cost-effective, are also catalyzing the market across GCC.
Apart from this, the escalating demand for physical hardbound paperback books and magazines in place of e-books and e-journals, as they provide high comfort and convenience compared to their digital counterparts, is acting as another significant growth-inducing factor. Additionally, the utilization of eco-friendly printing techniques that minimize waste and utilize less energy is also stimulating the market growth. Furthermore, the growing popularity of this technology in media and document management services that enable institutions to enhance their promotion and distribution capabilities for print and non-print materials is anticipated to propel the GCC commercial printing market over the forecasted period.
GCC Commercial Printing Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the industry has been examined along with the profiles of the key players.
The report has segmented the market on the based on region, technology, print type and application.
Breakup by Technology:
- Lithographic Printing
- Digital Printing
- Flexographic Printing
- Screen Printing
- Gravure Printing
Breakup by Print Type:
Breakup by Application:
Breakup by Country:
- Saudi Arabia
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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