As cited by the research report titled ‘Global Digital Printing on Wood Market Size study, by Type (Plywood, Particleboard, Oriented Strand Board (OSB), and Medium-Density Fiberboard (MDF)), and End Use (Vertical Application, Fire Retardant Applications, Furniture, Flooring, Roofing, Yachts, and Recreational Vehicles) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global digital printing on wood market is estimated to grow with a strong CAGR to garner significant returns over 2021-2027.
 

Rising demand for printed wood floors among architects & designers coupled with increasing usage of engineered woods are the major factors driving global digital printing on wood market growth. Expanding residential real estate around the globe is further favoring the industry outlook.
 

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For the record, wooden surfaces are printed with digital printers. With these printers, users can print directly on pre-manufactured wooden boards, small wooden products, or wrap wooden goods in vinyl graphics. Digital printing on wood may also be used to print photo-quality logos, photos, and text directly onto wood surfaces.
 

Introduction of sophisticated printers is also positively swaying the market trends. On the downside, high starting prices and advent of alternative materials to wood are likely to act as bottlenecks for global digital printing on wood industry progression over the projected timeline.
 

Based on type, the market is segmented into plywood, oriented strand board (OSB), particleboard, and medium-density fiberboard (MDF). Speaking of the end user range, the marketplace is categorized into vertical application, furniture, flooring, fire retardant applications, roofing, yachts, and recreational vehicles.
 

The geographical analysis of the industry includes regions like Asia Pacific, Europe, North America, and Latin America.
 

Experts cite, North America market is likely to garner considerable returns over the assessment period 2021-2027, on account of rising demand for digital wood printing from commercial and residential customers mainly in states including Florida, Georgia, and North & South Carolina.
 

Meanwhile, Europe is expected to showcase lucrative growth over the assessment period, owing to European government's Construction 2020 Action Plan, which intends to stabilize the construction industry's growth in the region.
 

Prominent players swaying the global digital printing on wood industry trends are Leibinger, KSP, Valresa Coatings S.A., Innovative Digital Systems, Direct Color Systems, Stainer Schriften & Siebdruck GmbH & Co. KG, Simpac S.r.l., Swiss Krono Group, Roland DG Corporation, and Archer-Daniels-Midland Company.