IMARC Group has recently released a new research study “Digital Printing Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Digital Printing Packaging Industry?
The global digital printing packaging market size reached US$ 19.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 31.94 Billion by 2027, exhibiting a growth rate (CAGR) of 8.30%during 2022-2027.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Digital Printing Packaging Market?
Digital printing packaging refers to a technology that generally prints packaging materials by using electronic control laser and inkjet printers. It involves transferring a digital file directly to a printer. The digital files are further converted into the Cyan, Magenta, Yellow, and Key (CMYK) color system to communicate more accurate color output from the screen to the substrate. As compared to traditional printing, digital printing does not require the replacement of printing plates, offers enhanced printing efficiency, higher quality, and cost-effectiveness, includes the use of numerous technologies, etc. As a result, digital printing packaging finds extensive applications across several sectors, such as consumer electronics, pharmaceuticals, personal care, food and beverage (F&B), etc.
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What are the major market drivers in the Digital Printing Packaging Market?
The escalating demand for sustainable packaging solutions, owing to the rising consumer environmental consciousness, is primarily augmenting the digital printing packaging market. Furthermore, continuous advancements in inkjet and electrophotography printing technologies that help in improving the efficiency of the work process and enabling quicker and more innovative marketing are positively influencing the global market. Apart from this, the increasing usage of digital printing packaging that can produce short print runs economically is acting as another significant growth-inducing factor.
Moreover, the expanding working population, the inflating disposable income levels of individuals, and hectic lifestyles have led to the growing consumption of fast food and ready-to-eat (RTE) products, which is also bolstering the market growth. Besides this, the expanding personal care sector and extensive R&D activities are expected to fuel the digital printing packaging market in the coming years.
Who are the leading players in the Digital Printing Packaging Market?
DS Smith plc, Eastman Kodak Company, EC Labels Ltd., Edwards Label, Hewlett-Packard Development Company L.P., INX International Ink Co. (Sakata Inx Corporation), Mondi plc, Quad, Thimm Holding Gmbh & Co. Kg, Traco Manufacturing Inc., Xeikon B.V. (Flint Group), Xerox Holdings Corporation
Breakup by Printing Inks:
· Solvent-based
· UV-based
· Aqueous
Breakup by Packaging Type:
· Corrugated Packaging
· Folding Cartons
· Flexible Packaging
· Labels
· Others
Breakup by Format:
· Full Color Printing
· Variable Data Printing
· Large Format Printing
· Others
Breakup by Printing Technology:
· Inkjet Printing
· Electrophotography Printing
· Others
Breakup by End User:
· Food and Beverages
· Pharmaceuticals
· Electronics
· Personal Care and Cosmetics
· Others
By Geography:
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy, Spain, Others)
· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The global digital printing market is growing at a rapid pace, mainly due to the rising uses of digital printing technologies in packaging.
According to Market Research Future (MRFR), the valuation of global digital printing market is estimated to rise to exponential heights by 2027, growing at a whopping CAGR during the forecast period (2020 – 2027).Spurring rise in the packaging and textiles industries substantiates the market size.
With the advent of fast fashion and textile printing, the market has grown significantly over the past few years.
Product personalization, innovation, and the introduction of managed print services are strongly aligned with the rising possibilities of digital printing.Global Digital Printing Market - SegmentationThe report is segmented into ink, substrates, technologies, and regions.
Among these, the sub-segment inkjet holds the largest market share and is estimated to grow at an impressive CAGR during the forecast period.Global Digital Printing Market - Geographical Analysis North America leads the global digital printing market.
The region highlights environment conservation efforts, minimizing wastage.
The Packaging Printing Marke Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire packaging printing market has been sub-categorized into printing technology, material, printing ink and application.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Packaging Printing Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/packaging-printing-market/download-sampleBy Printing TechnologyFlexographyGravureOffsetDigitalScreen PrintingBy MaterialLabelsPaper & PaperboardPlasticsMetalBy Printing InkAqueous InkSolvent-Based InkUV-Curable InkLatex InkDye Sublimation InksOthersBy ApplicationFood & Beverages ProductsHousehold & Cosmetic ProductsPharmaceutical ProductsAdhesives and SealantsThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the packaging printing market include HP Inc., Xerox Corporation, WS Packaging Group, Canon, Inc., Eastman Kodak Company.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for packaging printing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
