Digital Print Market Procurement Research – Pricing Trends and Forecast by SpendEdge

Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Digital Print Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the managed services industry. This report breaks down the data and analysis behind the procurement of digital print and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Digital Print Procurement Market Intelligence Report (Graphic: Business Wire)

“The global digital print market is driven by the high demand for digital print from end-user industries such as packaging and textile,” says SpendEdge procurement research analyst Tridib Bora. “Also, digital printing facilitates service providers’ need to personalize print content to create better connections with end-customers,” added Tridib.

Key Report Features

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Report Insights

• The demand for digital printing from various end-user segments such as packaging, direct mail, commercial printing, and publications is growing. This increase in demand is due to better quality print, reduced lead time, and cost savings opportunities such as the elimination of cost associated with the use of plates in traditional methods of printing and labor cost savings.
• Purchasing managers must engage with service providers that provide binding and finishing in a short turnaround. This helps in elimination of any issues related to scoring, folding, perforating, and binding in the digital print production facility.
• The quality of raw material (such as ink) will impact purchasing managers in terms of final print color, which is one of their key requirements. The price of ink depends on the price of crude oil. Increase in price of crude oil increases the price of ink, which consequently results in an increased price of the final digital print.

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Digital Print Pricing Trends

The volume-based pricing is the most widely accepted pricing model in the global digital print market. This pricing model enables purchasing managers to negotiate to minimize costs as they get a discount on bundling of various other printing services. The volume-based pricing offers transparency in pricing due to the known number of copies printed by service providers.

However, according to procurement research specialists at SpendEdge, cost-plus pricing has a higher potential and help maximize cost savings. It reduces management effort for purchasing managers, as cost structure of service providers is transparent. Moreover, purchasing managers get an idea about the cost involved in digital printing, making the pricing transparent.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

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