Commercial Print Services Procurement 2030- Industry Growth Fueled by Innovation and APAC Boom
Commercial Print Services Category - Procurement Intelligence The commercial print services industry is expected to experience a growth rate of 2.8% from 2023 to 2030, with the APAC region holding the largest market share. This growth can be attributed to the increasing utilization of printing technology for promotional activities and the growing popularity of digital printing. Companies within the industry are actively adopting various strategies, including investments, partnerships, and mergers & acquisitions, to propel their growth. An example of such a strategy is the recent partnership between Konica Minolta Business Solutions U.S.A., Inc. and Elastic Path, aimed at enhancing the B2B commerce experience through the implementation of a multi-vendor approach. Print-on-demand (POD) is an innovative business model that offers product customization and order-by-order sales, while also emphasizing environmental sustainability. POD companies employ water-saving printing methods and...