Hybrid Printing Technologies Market Revenue to Attain USD 14.72 Bn by 2033

09 Oct 2024

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Table of Content

1. Hybrid Printing Technologies Market Revenue and Trends 2. Market Overview 3. Report Highlights of Hybrid Printing Technologies Market 4. Hybrid Printing Technologies Market Trends 5. Regional Insights 6. Hybrid Printing Technologies Market Coverage 7. Market News

Hybrid Printing Technologies Market Revenue and Trends

The global hybrid printing technologies market revenue surpassed USD 4.61 billion in 2023 and is predicted to attain around USD 14.72 billion by 2033, growing at a CAGR of 12.31% during forecast period. The demand for customized printing is fuelling the growth of hybrid printing in the market.

Market Overview

Hybrid printing technology is a combination of digital and analogue process. it can create changeable data prints at low costs and optimises the fast work changes. It is sometimes hard for conventional printing techniques to offer modest amounts of print work at a rapid pace. That is where hybrid printing technology is used to stimulate the whole printing process. The market for hybrid printing technology is growing due to its unmatched adaptability and flexibility.

Report Highlights of Hybrid Printing Technologies Market

• By component, the hardware segment dominated the market in 2023. The growth of the segment can be attributed to the advancements in printing technology coupled with rising demand for customized printing.
• By substrate, the paper and cardboard segment led the market in 2023 owing to the extensive utilization of paper and cardboard in packaging, publishing, and advertising because of their smooth surface.
• By application, in 2023, the packaging segment dominated the market. The growth of the segment is driven by rising demand for high-quality and personalized packaging solutions.

Hybrid Printing Technologies Market Trends

• Tech Innovations Fuel Hybrid Printing Technologies Market: the market is witnessing significant expansion due to rising needs for top-notch printing solutions, especially in the labeling and packaging sectors. Additionally, Advancements in technology have enhanced the speed and quality of hybrid printing. For example, enhanced printhead technology and innovative automation features have improved the ability and performance of hybrid printing systems. Hence, it is the preferred choice for end users to stand out in packaging designs.
• Hybrid Printing Leads to Digital Transformation: The current digital transformation across industries is fuelling the adoption of hybrid printing as end users seek to leverage its abilities for digital integration and automation. Moreover, Hybrid printing systems can smoothly combine with digital workflows, which enables easy management of variable data, online ordering systems, and on-demand printing. This later supports the digitalization efforts of end users and propels the overall growth of the market.
• The Growth in the e-commerce sector: The rise in the e-commerce sector is creating new opportunities for hybrid printing manufacturers. Hybrid printing is a convenient tool for e-commerce companies that create premium labels and packaging that are affordable and rapid. Furthermore, Personalized experiences are important for e-commerce companies, and hybrid printing helps them to build customized labels, marketing, and packaging materials that appeal to consumers.

Regional Insights

North America dominated the global hybrid printing technologies market in 2023. The growing customer demand for customized items and the region's rapid technology improvements are responsible for the region's supremacy. In addition, the region's robust research and development climate is driving the uptake of state-of-the-art hybrid printing technologies. The market for hybrid printing technologies in the United States is expanding remarkably throughout the North American continent.

Asia Pacific is expected to grow at the fastest rate during the projected period. The growth of the region is driven by a surge in the demand for customizable, high-quality packaging solutions, as well as growth in the region's e-commerce and packaging industry. Hybrid printing technologies are well suited to fulfill this need by offering innovative solutions to various industries in the Asia Pacific region. Moreover, the hybrid printing technologies market in China is experiencing strong growth due to the increased demand for efficient printing solutions.

• In June 2023, ColorJet, a leading manufacturer of digital inkjet printers, showcases industrial UV printing solutions at Apppexpo, Shanghai, one of the most prominent international trade shows for the advertising, printing, and sign industries.

Hybrid Printing Technologies Market Coverage

Market News

• In June 2024, Hybrid Software declared the availability of Packz 10, an updated version of its well-liked multifunctional PDF editor. Packz 10, a pre-press program for both digital and traditional printing, debuted with ground-breaking features, including enhanced small print run management capabilities, smooth connection with EngView's CAD software, and sophisticated 3D viewing capabilities for metal can printing.
• In August 2023, in order to investigate the most recent advancements in label printing technology, Domino Printing Sciences introduced its new digital retrofit module, which was designed for integration or retrofitting into flexographic presses to enable hybrid printing, flexible packaging, and folding cartons.

Market Segmentation

By Component

• Hardware
• Software
• Services

By Substrate

• Paper and Cardboard
• Plastics
• Textile
• Glass & Metal
• Others

By Application

• Packaging
• Advertising
• Publishing
• Textiles

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