Key findings: Digital print
This procurement market intelligence report on digital print analyzes the impact of regional and global regulations on the procurement process. The report also offers an analysis of the US supply market and market entry barriers to help buyers and suppliers achieve cost-savings.
The textile industry is increasingly adopting digital printing techniques to offer high-quality print and prolong the durability of the substrate on which printing is done. This is serving as a critical growth driver and is expected to accelerate the category spend momentum during the forecast period. An incremental expenditure done by the IT service organizations and publishing agencies on web-based printing will also propel the demand of digital print category.
To know more about the year-over-year spend growth rate, download a free sample report.
Enterprises looking to procure digital print can leverage this report to better plan their category spend and identify avenues to reduce excess spend. An overview of the pricing models, supply chain margins, supplier cost structure, and regional spend dynamics is also offered in this procurement market intelligence report.
Our portfolio of reports for the managed services category help buyers understand:
- Global and regional spend potential for digital print for the period of 2017-2022
- Risk management and sustainability strategies
- Incumbent supplier evaluation metrics
- Pricing outlook and factors influencing the procurement process
Analyze the global category spend for digital print
The beneficial aspects such as ease of printing and low drying time are promoting the demand for UV curable printing which is predicted to drive the global category spend. The digital print is known to have lower printing TAT compared with conventional printing techniques which is propelling the category adoption across the end-user industries like labeling and packaging.
To get access to the exact spend growth rate and yearly category spend, download a free sample.
This procurement research report offers coverage of:
- Regional spend dynamism and factors impacting costs
- Total cost of ownership and cost-saving opportunities
- Supply chain margins and pricing models
Optimize category spend for digital print
Often, the lack of communication between marketing agencies and digital print service providers in terms of advertising content has caused quality issues in the final printed material. To avoid such issues, it is recommended that a standardized communication channel is created between buyers and service providers that can effectively curtail the risks of poor-quality promotional materials.
This market intelligence report also offers coverage of:
- Key category management objectives
- Supplier cost breakup
- Category pricing dynamics
Assess category spend for the US region
The rapid adoption of smart labeling by the food and beverage sector in the US is spurring the category demand to a significant extent. Also, various publishing and advertising firms are accounting for extensive usages of digital print, which is predicted to supplement the category spend momentum in the region.
Additional information offered in this digital print procurement research report will help buyers analyze:
- Margins of suppliers in the US
- Category spend in the US
- Price outlook and forecasts until 2023
Build strategies for effective supplier selection
Obtaining supply assurance within the agreed timeline is critical for end-users who use the digital print as an essential constituent in their manufacturing process. Service providers are also expected to offer on-demand services to cater to buyers' requirements.
This digital print market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
- Competitiveness index for suppliers
- Market favorability index for suppliers
- Supplier and buyer KPIs
Devise effective category management strategies for digital print
Engaging the appropriate category management strategies can aid in achieving sufficient cost savings during the procurement process. In this line, category managers are advised to assess the procurement techniques used by service providers for obtaining raw materials and technology system to identify cost-saving measures. Service providers that procure printers from vendors facilitating trade-in programs will help in tackling fluctuating service charges during technology upgrades.
Key insights offered in this market intelligence report will help the buyers identify:
- Risk mitigation strategies
- Cost-saving opportunities: Supply-side levers
- Supplier relationship management strategies
Determine the spend dynamics for key geographies
Home to large-scale textile manufacturing activities, APAC will continue creating a high demand for digital print in the years to come. The labeling and packaging sector in South American countries will increase category adoption because of the high demand for flexible packaging in the pharmaceutical and food and beverage sectors. Automation of labeling and printing applications will spur the demand for web-based printing in various MEA countries as well.
Key geographies analyzed in this digital print procurement research report include the following:
- North America
- South America
Information on the top digital print suppliers and major risks faced while procuring digital print is offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.
Key Features of Report
Procurement Best Practices
Cost Saving Opportunities
Supplier Capability Matrix
Digital Print - Category Spend Analysis
According to SpendEdge analysts, one of the key growth contributors for the global digital print market is the high demand for digital print from end-user industries such as packaging and textile. The packaging industry has a mandate to display sequential barcode and graphics while the textile industry has been witnessing reduced operational lead time required within digital printing. Digital printing facilitates service providers’ need to personalize print content to create more connect with end-customers, and this in turn is driving the demand for digital print within the marketing category.
Digital Print - Procurement Best Practices
Buyers must engage with service providers that offer cross-platform color management as this will help in retaining the quality of the print in case it has been transferred from one device to another device. A key strategy adopted by procurement managers in this market space is to engage with service providers that offer cross-platform color management.
Digital Print - Procurement Challenges
A major procurement pain point experienced by the buyers is the increase in the cost of digital print due to the high volatility of raw material prices. SpendEdge’s procurement specialists predict that the buyers must engage with service providers that monitor the price of raw materials on a continuous basis to counter this specific procurement pain point.