Mexico Commercial Printing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.28 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Commercial Printing Market Analysis
The Mexican commercial printing market revenue was valued at USD 3.86 billion in the previous year. The market studied is expected to reach USD 4.44 billion over the forecast period, registering a CAGR of 2.28%. The market size reflects the value of the consumption of various printing technologies such as offset lithography, inkjet, flexographic, screen, gravure, and other types.
- The growing need for businesses and facilities for promotional materials such as brochures and booklets has increased the demand for commercial printing services. Increased technology penetration, such as faster presses and new ink and toner technologies, will increase production capacity and improve quality. In addition, technological developments in printing technology have proven cost-effective and efficient in high-volume printing.
- Businesses are increasingly turning to industrial printers because they are cost-effective and efficient for high-volume printing. Another significant growth factor is the prevalence of high-quality printed packaging materials for advertising and branding.
- Commercial print providers are expanding their offerings to include media and document management services to help companies improve their ability to distribute and promote print and non-print materials. In addition, eco-friendly commercial printers that use eco-friendly papers, inks, coatings, and chemicals and promote waste reduction and reuse are expected to drive the growth of the industry further.
- Modern retailers and multinational franchises such as Starbucks are constantly growing, attracting new customers through innovative lifestyle marketing strategies that appeal to the citizens of Mexico. Alongside these multinational franchises, traditional retail markets and supply centers still exist, which have been central to Mexican consumer culture for decades. The economic recovery, increasing purchasing power of shoppers, high disposable incomes of the middle class, and accessibility are driving retail in Mexico. An increase in the growth of the retail market would further drive the commercial printing market in the country.
- Mexico has lagged behind the growth of various sectors, such as feedstock. Mexico is increasingly dependent on imports as the domestic sector faces structural challenges such as shortages of raw materials, high energy costs, and limited innovation. Shorter supply chains can also improve service levels and reduce carbon footprint. Such factors are expected to impact the growth of the market studied over the forecast period.
- The effects of the COVID-19 pandemic on all the affected sectors ultimately impacted the printing industry, affecting not only brochures and leaflets but also the printing of exhibition booth panels/posters/wall stickers/signage or shelves in cardboard. However, the pandemic accelerated the growth in e-commerce, a trend that persisted even after the pandemic. This has contributed to the growth of the Mexican commercial printing market.
Mexico Commercial Printing Market Trends
Offset Lithography to Hold Major Market Share
- Offset lithography is a popular printing method for all types of marketing materials and is an ideal print process for retail-ready packaging (RRP), shelf-ready packaging (SRP), cartons, gift packaging, e-commerce packaging, point of sale (POS), and promotional and countertop display products.
- One of the main advantages of offset printing is the low cost of high-quality prints. It is less expensive than intaglio and photomechanical methods. Making the metal plates and setting up the equipment requires extra work, but it is worth it for high-volume jobs to speed things up with this technology. Offset printing allows the printer operator to turn a key to control the ink flow and keep the print quality at an optimum level. It has gained demand due to its higher productivity and very-large format litho presses. The rise of e-commerce and online businesses has provided printers with more opportunities.
- Offset printing technology also uses solvent-free inks to meet international food safety standards, and the applied coating and drying solutions do not emit VOCs (volatile organic com).
- Businesses require high-quality prints for brochures, banner prints, advertisements, and more. Entrepreneurs increasingly seek reliable custom printing to print labels on various surfaces. Offset lithography allows printing on many different surfaces, conforming to multiple shapes and giving consistent results even with rare items.
- Advanced innovations by manufacturers have played a key role in transforming technology. The evolution of technologies about plates being used in the offset process has played a significant part in the proliferation of the technology.
- The offset lithography press is essential for end-user consumer products, ranging from commercial applications, such as printed books, magazines, journals, and reading material, to the packaging industry. Most offset printing applications are difficult to replace with any substitute from printing presses, owing to their unique printing technology and enhanced features.
Packaging Segment to Dominate the Market
- Packaging has a crucial impact on Mexico's growing economy; printing on the packaging of very small to large industrial products makes it even more appealing to buyers. Environmental-friendly printing and packaging continue to be the main drivers of the market studied. Given the large consumption of carbonates and the demand for alcoholic beverages, packaging in Mexico presents significant prospects for foreign businesses. Numerous multinational packaging businesses have successfully entered the Mexican packaging market, and the growing segmentation of consumer goods has made it possible for packaging manufacturers to innovate and grow their clientele. The growth of packaging in Mexico has also been aided by retailer expansion and consolidation.
- Mexico significantly uses printing on packaging products, particularly in the food and beverage industry, followed by the pharmaceutical and personal care sectors. According to the National Institute of Statistics and Geography (INEGI), the Mexico market is witnessing a growing trend in the sale value of soft and nonalcoholic beverages. As per the report, the market increased from USD 946 million in February 2022 to USD 1352 million in July 2022. This sales growth is expected to be witnessed in the upcoming period, thereby escalating the demand for printing labels on bottles and cartons.
- The demand for the packaging business, which has shown a strong requirement for the printing solution, has been fueled by Latin America's growing investment in various industries. The market for flexible packaging is expanding due to the expanding processed food sector. The demand for packaging solutions is particularly significant in the primary end-user industries of meat, poultry, and frozen food items. Owing to this, several package printing manufacturers are consistently expanding their foothold in the country.
- In December 2022, Infinity Foils Inc., a key global package printing company, announced the opening of a brand-new factory operating in Mexico's Querétaro. It is close to Mexico City and other significant printing centers because it is situated in the central Mexican city of Querétaro. Although it will primarily serve the markets in Mexico and Central America, the new factory will have the same capabilities as the existing two Infinity Foils conversion sites.
- High-quality printing techniques, cost-effectiveness, and changing preferences of packaging buyers are some of the factors fueling the growth of the market studied. Most of offset printing applications are difficult to replace with other substitutes due to their unique printing technology and advanced features.
Mexico Commercial Printing Industry Overview
The Mexican commercial printing market is fragmented, with the presence of major players such as Ink Throwers DE, Mexico SA, Dataprint Mexico, Central Print Mexico, Imprime TUS Ideas, and Grupo Crearte Mexico. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
As of May 2023, Ink Throwers Mexico started providing commercial printing services such as tracking shipments, screen printing, color separation, art dpt., sublimation, relabeling, sewing, full package, and finish packaging.
Mexico Commercial Printing Market Leaders
Ink Throwers DE Mexico SA
Dataprint Mexico
Central Print Mexico
Imprime TUS Ideas
Grupo Crearte Mexico
*Disclaimer: Major Players sorted in no particular order
Mexico Commercial Printing Market News
- May 2023 - Taylor Corporation, one of the significant package printing companies, opened a label manufacturing and printing facility in Monterrey, Mexico. The new building, which encompasses more than 107,000 square feet, is more than 75% bigger than the structures it replaced and unifies manufacturing, warehousing, and distribution operations under one roof.
- November 2022 - A publication agreement was announced between the Public Library of Science (PLOS) and the Universidad Nacional Autonoma Mexico. The regional representative of PLOS announced a one-year agreement that will enable UNAM researchers to publish in PLOS ONE and other chosen PLOS journals without paying article processing charges (APC). Based on previous publishing history and predicted future growth with PLOS, flat fee agreements and PLOS' other methods shift publishing expenses from authors to research institutions. Beginning in 2023, the agreement with UNAM will be in effect.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Degree of Competition
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Promotional Materials from the Retail and Food and Beverage Industries
5.1.2 Introduction of Eco-friendly Practices
5.2 Market Restraints
5.2.1 Increase in Digitization and Rising Dependence on Feedstock Prices
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Offset Lithography
6.1.2 Inkjet
6.1.3 Flexographic
6.1.4 Screen (Serigraphy)
6.1.5 Gravure
6.1.6 Other Types
6.2 By Application
6.2.1 Packaging
6.2.2 Advertising
6.2.3 Publishing
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Ink Throwers DE Mexico SA
7.1.2 Dataprint Mexico
7.1.3 Central Print Mexico
7.1.4 Imprime TUS Ideas
7.1.5 Grupo Crearte Mexico
7.1.6 Fuerza Gráfica
7.1.7 Impresora DE Productos Especiales SA DE CV
7.1.8 Graphic Arts Big Tree SA DE CV
7.1.9 Gráficaslym SA DE CV
7.1.10 Offset Santiago SA DE CV
7.1.11 Kaar Direct
7.1.12 AA Global Printing
7.1.13 IPC Mexico
7.1.14 Amac Imprenta Industrial
7.1.15 SFNM Print
- *List Not Exhaustive
8. LIST OF RAW MATERIAL COMPANIES - GLOBAL AND MEXICO (SUBSTRATES, INKS, AND ADHESIVES)
9. MARKET OUTLOOK
Mexico Commercial Printing Industry Segmentation
The study on the Mexican commercial printing market tracks high-level market trends based on types of technologies such as offset lithography, inkjet, flexographic, screen, and gravure, among others, along with corresponding industry verticals such as packaging, advertising, and publishing. The study tracks the revenue accrued from the sales of various commercial printing types used across end-user industries. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, all of which support the market estimations and growth rates over the forecast period. In addition, the study provides the trends in the commercial printing market, along with key vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem. The geographical scope of the study is limited to Mexico.
The Mexican commercial printing market is segmented by type (offset lithography, inkjet, flexographic, screen (serigraphy), gravure, and other types) and application (packaging, advertising, and publishing). The market sizes and forecasts are provided in terms of value in USD billion for all the segments.
| By Type | |
| Offset Lithography | |
| Inkjet | |
| Flexographic | |
| Screen (Serigraphy) | |
| Gravure | |
| Other Types |
| By Application | |
| Packaging | |
| Advertising | |
| Publishing |
Frequently Asked Questions
What is the current Mexico Commercial Printing Market size?
The Mexico Commercial Printing Market is projected to register a CAGR of 2.28% during the forecast period (2024-2029)
Who are the key players in Mexico Commercial Printing Market?
Ink Throwers DE Mexico SA , Dataprint Mexico , Central Print Mexico , Imprime TUS Ideas and Grupo Crearte Mexico are the major companies operating in the Mexico Commercial Printing Market.
What years does this Mexico Commercial Printing Market cover?
The report covers the Mexico Commercial Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Commercial Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Commercial Printing Industry Report
Statistics for the 2024 Mexico Commercial Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Commercial Printing analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
