BEIJING, Sept. 10, 2023 (GLOBE NEWSWIRE) — The Global print on demand (pod) market The size was US$ 6.2 billion in 2022 and is projected to attain a market size of US$ 59.3 billion by 2032, growing at a CAGR of 25.6% from 2023 to 2032.
The global print on demand market is poised for substantial growth in the near future, primarily driven by the growing e-commerce landscape and increase in self-publishing activities. This comprehensive analysis provides valuable insights into the market dimensions, emerging trends, catalysts, challenges, regional outlook and competitive landscape.
Print on demand, an operating model where businesses manufacture products upon receiving customer orders, has gained immense popularity. This approach allows enterprises to overcome the financial risks associated with large-scale production and inventory management. In particular, it is a preferred choice for online businesses, as it enables them to diversify their product offerings without substantial inventory investment. In the coming years, the print on demand market is expected to expand significantly due to the rise of e-commerce and increasing demand for tailor-made products.
Print on Demand Market Highlights and Statistics:
- The print on demand market is set to grow from USD 6.2 billion in 2022 to USD 59.3 billion by 2032, boasting a remarkable CAGR of 25.6% over the entire projection period.
- The increase in demand for personalized, small-batch printing by both businesses and individuals has significantly driven the market growth.
- The apparel segment emerged as the leader, accounting for 42% of the total market revenue in 2022.
- The rollout of 5G technology is expected to accelerate the adoption of web-to-print services.
- North America to capture the largest market share of over 36% in 2022, due to early adoption of printing technologies.
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print on demand market report Coverage:
|market||print on demand market|
|print on demand market size 2022||US$6.2 billion|
|print on demand market forecast 2032||US$59.3 billion|
|print on demand market CAGR during 2023 – 2032||25.6%|
|print on demand market analysis period||2020 – 2032|
|print on demand market base year||2022|
|print on demand market forecast data||2023 – 2032|
|segments covered||By platform, by product, and by geography|
|print on demand market regional scope||North America, Europe, Asia Pacific, Latin America and the Middle East and Africa|
|Profile of Major Companies||Printful, Inc., Printify, Inc., TeeSpring, RedBubble, Society6, Spreadshirt, CustomCat, Tees2Urdu, Gooten, Scalable Press, and AOPrintingPro.|
|report coverage||Market Trends, Drivers, Restrictions, Competitive Analysis, Player Profiling, Regulation Analysis|
Print on Demand Market Analysis,
The print on demand market is poised for substantial growth in the coming years, driven by a variety of factors, including the rapid rise of e-commerce and self-publishing, a growing appetite for mass customization, and continued advancements in digital printing technologies. Is. Furthermore, the integration of emerging technologies like IoT, AI and AR/VR is expected to open new avenues for businesses in this sector. However, it is important to recognize that copyright-related issues pose long-term challenges.
The proliferation of e-commerce and self-publishing has simplified the process of buying and selling printed products, resulting in increased demand for print on demand services.
Mass customization, the practice of tailoring products to individual customer preferences, is gaining immense popularity. Print on demand services facilitate the easy creation of customized items like t-shirts, mugs, and posters.
Innovations in digital printing have significantly reduced production costs while maintaining high quality standards. This affordability factor has made print on demand an attractive option for both businesses and consumers.
Despite the favorable outlook, it is important for businesses to remain vigilant about copyright laws in their respective jurisdictions to avoid infringing intellectual property rights.
Trends in Print on Demand Market:
- Adoption of cloud computing and software as a service (SaaS) based print on demand solutions.
- Integration of AI tools to streamline order processing and monitoring.
- The adoption of digital textile printing for on-demand fashion is increasing.
- Using AR/VR technology to create personalized photobooks and customized photo gifts.
- Providing value-added services like graphic design, editing and binding especially for self-publishers.
Key Drivers for Print on Demand Market:
- Increasing demand for mass customization from both businesses and consumers.
- Expansion of e-commerce sector and online publishing.
- Continued advances in digital printing capabilities and material compatibility.
- Cost-effective production of short-term and individual goods.
- Quick turnaround times and elimination of inventory and forecasting challenges.
Challenges of Print on Demand Market:
- Lack of standardization among print on demand service providers.
- Limited design and finishing options compared to traditional printing methods.
- High operating costs associated with digital equipment and maintenance.
- The need for seamless integration between designers, printers and distributors.
- Concerns regarding copyright infringement and content piracy.
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division of print But Demand Market:
- service type
- software type
According to products:
- type of beverage
- type of garment
- Accessories Type
- home decor type
- other types
Regional Overview on Print on Demand Market:
The print on demand market is set for substantial expansion in the upcoming years due to the growing e-commerce and self-publishing sectors. While North America currently dominates the market, regions such as Europe and Asia Pacific are expected to see accelerated growth. Key growth drivers include increasing demand for personalized products, increasing prevalence of online shopping and increasing popularity of print on demand services. However, challenges such as high costs associated with digital printing and lack of standardization among service providers need to be addressed.
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Major companies offering o printn Demand Market:
Major companies in the print on demand sector include Amazon, Blurb, RR Donnelly & Sons Company, Xerox, Photobooks, Shutterfly, Lulu Press, Simpress, iStock, PixartPrinting, etc.
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