Large-format printing market to worth $11.2 billion by 2025

According to the Markets and Markets research report, ‘Large-format printing market by offering (printers, RIP software, services), ink type (aqueous, solvent, UV curable, Latex, dye sublimation), printing technology, printing material, print width, application, and geography – global forecast to 2025,’ is projected to grow from $9.3 billion in 2020 to $11.2 billion by 2025. It is expected to grow at a CAGR of 3.8 percent from 2020 to 2025. Key factors fueling the growth of this market include increasing demand for large-format printing in the textiles, advertising, and packaging industries; rising adoption of UV curable inks in outdoor advertising, CAD, and technical printing applications; and the growing importance of digital document production in commercial printing applications.

The increasing demand for large-format printers for home furnishing & decor and vehicle wrap applications, the rising requirement for large-format printing from the in-plant market, as well as the availability of varieties of large format printers with a varied price range, are creating tremendous growth opportunities for the players in the large format printer market. PSPs held the largest share of the large-format printing market in 2019. Large-format printers support a print roll width between 18″ and 100″. These PSPs are widely used for applications such as printing banners, posters, trade show graphics, wallpapers, vehicle image wraps, architectural drawings, large artworks, signage, and backdrops for theatrical and media sets. Inkjet-based printers are projected to grow at a high CAGR during the forecast period.