Print On Demand Industry Overview
The global print on demand market size was valued at USD 4.90 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 26.1% from 2022 to 2030.
Factors such as rising disposable income, increasing internet penetration and smartphone adoption, and inclination toward fashion apparel and unique products are fueling the demand for print-on-demand. The growing e-commerce sales are also fueling the growth of the market. The COVD-19 pandemic had a positive impact on the market. As the lockdown restrictions were imposed, people shifted to online shopping and print-on-demand products witnessed growth.
Gather more insights about the market drivers, restrains and growth of the Global Print On Demand Market
Products such as custom face-masks also contributed to the sales of print-on-demand products during the pandemic. The home décor product category witnessed a rise in sales as people adapted to remote working and staying at home. This factor is anticipated to propel the growth of the market for print-on-demand.
Print-on-demand platforms provide custom design printing solutions to customers. Various artists and merchants owning a print-on-demand business and who want to sell their designs can connect their existing online store or set up a new one depending on the platform. The service providers will then print the orders and then ship the product to the customer providing end-to-end fulfillment service.
Lack of transparency and control for artists or creators is a restraint for the market. As the artists do not have control over the quality of products and also not all of them have access to the list of clients. This may create dissatisfaction among the clients and they may look for alternate solutions. The key drivers for the market are rapid digitalization and the growth of e-commerce.
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- Home Decor Market – The global home decor market size was valued at USD 663.1 billion in 2018. Rising demand for furniture and fixtures as well as upholstery products will boost the product demand in the market. The product demand is fueled by consumer preferences for fancy items to decorate in homes, particularly wooden flooring and furniture.
- E-commerce Market – The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Increasing penetration of the internet is bolstering the smartphone-using population across the world.
Print On Demand Market Segmentation
Grand View Research has segmented the global print on demand market based on platform, software, product, and region:
Print-on-demand Platform Outlook (Revenue, USD Million, 2017 – 2030)
Print-on-demand Software Outlook (Revenue, USD Million, 2017 – 2030)
Print-on-demand Product Outlook (Revenue, USD Million, 2017 – 2030)
- Home Décor
Print-on-demand Regional Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
- September 2021: According to IBM’s U.S. Retail Index data published, approximately 36% of the Gen Z population prefers the hybrid shopping method.
- September 2019: Prodigi Group acquired London, U.K.-based Kite Tech Ltd, a technology company specializing in print-on-demand products from Canon Europe.
Key Companies profiled:
Some prominent players in the global print on demand market include
- JetPrint Fulfillment
- Printed Mint
- Printful, Inc.
- Printify, Inc.
- Prodigi Group
- Redbubble Group
- Zazzle Inc.
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