And the growth will happen despite uncertainty where a perceived global downturn in overall print production is part of the equation. It is heartening to see that commercial printing, label, packaging and finishing sectors are all benefiting from the continued advances in digital printing.
Digital printing is expanding into most print-for-profit applications and in labels and packaging. According to analysts Smithers (Smithers: The Future of Global Print Equipment Markets to 2028, Market Overview, Page 10), the value of digital printing equipment is forecast to grow steadily between 2023 and 2028.
In 2022, digital presses accounted for almost a third of the total value of printing equipment, with a value of $5.5 billion. By 2028, digital press sales will rise to $5.9 billion.
Printing presses are becoming increasingly sophisticated, with high levels of automation and enhanced productivity offered by virtually all manufacaturers, says Smithers Smithers: The Future of Global Print Equipment Markets to 2028, Market Overview, Page 23, adding: “Digital printing is very much favoured with inkjet doing very well comparatively. There are pressures with some end-use sectors seeing a decline irrespective of the decoration process. The two key digital processes can, however, unlock new opportunities due to their ability to print on demand, and this is creating some new markets.”
We see a future where a need for greater automation and for innovative end-to-end ecosystems will continue to be high on the agenda and an essential driver forward for customers, as well as brands and suppliers.
Reducing manual processes and automating production steps on the one hand keeps away frustration and worries for organisations. On the other hand it helps reduce material and waste. With the background of Konica Minolta’s long-term plan towards a sustainable future – the EcoVision 2050 – we are also mindful of our responsibility to save the resources of our planet.
Those changes, in our view, will also help commercial printers focus on complete eco-friendly production workflows as they rethink possibilities in a world of new opportunities. Workflow, software and process automation, together with cloud solutions, are also key efficiency drivers as part of the drive towards the ‘smart factory’. This all contributes towards helping operators maximise uptime on their presses, resolve faults quicker, and optimise on-press performance.
One significant topic we see growing in importance is “programmatic printing”. This is a process that involves the integration of software, hardware and data to streamline and optimise printing processes. It has the potential to transform the printing industry by providing a measurable element of the marketing mix with a proven ROI. Programmatic printing is already graining traction as a concept that delivers the emotional impact of individualised print with the immediacy of digital marketing.
Our unflinching commitment to customers and innovation will be demonstrated with our major presence at drupa, the world’s leading trade fair for print technologies, in Hall 8B at Messe Düsseldorf in Germany from May 28 to June 7, 2024. At the show we will be taking advantage of the opportunities and demonstrating new forms of creativity to help customers ignite new possibilities. You can find out more about our drupa participation in this blog post.
As European market leader in production printing A3 colour markets, according to Infosource data, for more than a decade, we are proud to have made huge strides in digital printing with both our toner and inkjet technologies, whilst at the same time we also acknowledge the significant challenges that will be faced in the year ahead for our customers, of which there are 15,000 commercial and industrial customers in Europe. We feel certain, however, that issues some face, such as the supply of raw materials, will ease.
In this world of uncertainty where a perceived global downturn in print production is part of the equation, it is especially heartending to see that digital labels, packaging and embellishment are shining brightly. Demand for digitally printed labels and packaging is poised for yet more substantial growth, according to Smithers (Smithers, The Future of Global Print Markets to 2028. Marke overview, printing equipment markets, 2018-28), page 19). Similarly, digitasl printed corrugate saw high demand from the packaging industry.
Manufacturing, retail, transportation, textiles, food and drink, and logistica are all among the important factors that have made the digital production of label become a mainstream technology, with many markets in packging at the tipping point and ripe for digital production.
With labelling and packaging requirements also becoming more complex as data demands grow and compliance/regulatory environments tighten, the supply chain relies on labelling as a vital source of traceability.
As European market share leader in digital label systems (Infosource), we will continue to push the boundaries to help converters and all our customers ignite their printing possibilities. We believe that closer collaborations with customers and partners, ongoing commitments to revolutionising printing technologies will be crucial in the years ahead.
However, we appreciate that world events including supply-and-demand issues, can impact all our customers – including printers, converters, CRDs, corporates, packaging and label.
One thing that many organisations and companies were affected by in the wake of the the pandemic and enforced lockdown was a significant number of experienced employees retiring early. This, of course, added to skilled labour shortages, and there are increasing trends towards working from home.
However, we believe that our customers will look to commit more funding for attractive training programmes, continuous staff development, as well as accommodating a work-life balance. The fact that our products are easy to use for our customers makes the jobs for the talents they are seeking more attractive. And why not look to hire more young talent – and train them yourselves! You can read more about our approach in this blog. See more details here.
Ever-more important in the future will be Industry 5.0 – the emerging phase of industrialisation where humans work alongside advanced technology and artificial intelligence-powered robots to enhance workplace processes. All this will bring the human-centricity back into Industry 4.0, as well as increased resilience combined with the improved focus on sustainability.
Whatever lies ahead, our commitment remains to deliver the best possible service to all our employees, clients and partners.
