The Digital Printing Packaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Printing Packaging Global Market Report 2024, The digital printing packaging market size has grown strongly in recent years. It will grow from $24.44 billion in 2023 to $26.77 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to customization and personalization trends, short-run printing requirements, rise of e-commerce and d2c brands, brand differentiation and visual appeal, quick time-to-market..
The digital printing packaging market size is expected to see strong growth in the next few years. It will grow to $38.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to expanding sustainable packaging practices, increased adoption in food and beverage industry, rising demand for variable data printing, global shift towards circular economy.. Major trends in the forecast period include advancements in ink and printing technologies, smart packaging with track-and-trace features, digital labels for product authentication, application of 3d printing in packaging, expansion of digital printing in flexible packaging..
Increasing demand for cosmetics and personal care is expected to boost the growth of the digital printing packaging market going forward. Cosmetics and personal care refer to products used on the human body to clean, enhance, make it more appealing, or otherwise alter its look. Digital printing helps personal care and cosmetics manufacturers market both the company's brand and the product, allowing them to do more lucrative design printing on the product to reach the maximum targeted audience and deliver a more rapid turnaround than conventional solutions. For instance, in 2021, according to an annual report published by L'Oréal S.A., a France-based cosmetic company, the worldwide cosmetic market stood at 8.2%, up from 5.5 % in 2019 Moreover, in January 2021, according to an article shared by Automat.ai, a Canada-based business service, software, and computer software company, in the US, sales of skincare products increased by 13% last year, while sales of makeup items increased by 1%. Therefore, increasing demand for cosmetics and personal care is driving the growth of the digital printing packaging market.
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The digital printing packaging market covered in this report is segmented –
1) By Packaging Type: Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels, Other Packaging Types
2) By Printing Inks: Solvent-based, UV-based, Aqueous, Other Printing Inks
3) By Printing Technology: Thermal Transfer Printing, Inkjet Printing, Electrophotography And Electrostatic Printing, Other Printing Technologies
4) By Format: Full Color Printing, Variable Data Printing, Large Format Printing, Other Formats
5) By End-User Industry: Food And Beverages, Pharmaceuticals, Electronics, Personal Care And Cosmetics, Other End-user Industries
Technological advancements have emerged as the key trend gaining popularity in the digital printing packaging markets. Major companies operating in the digital printing and packaging markets are developing innovative technologies to strengthen their position in the market. For instance, in October 2022, Comexi Group, a Spain-based manufacturer and distributor of machinery solutions for the flexible packaging market, launched Digiflex, a digital printing technology machine. This is designed for flexible packaging and label converters to print variable data on products for marking applications that provide fast printing speeds, excellent quality outcomes, and high performance and production. The machine has a shorter set-up time, a maximum speed of 220 m/min, less material waste, and a shorter lead time. Each printed code is potentially unique and contains unique information, offering traceable material information and personalizing items based on the user's needs.
The digital printing packaging market report table of contents includes:
1. Executive Summary
2.Digital Printing Packaging Market Characteristics
3.Digital Printing Packaging Market Trends And Strategies
4.Digital Printing Packaging Market analysis
5. Digital Printing Packaging Market Size And Growth
6.Digital Printing Packaging Segmentation
7.Digital Printing Packaging Regional And Country Analysis
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27.Digital Printing Packaging Competitive Landscape And Company Profiles
28.Digital Printing Packaging Key Mergers And Acquisitions
29.Digital Printing Packaging Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Canon Inc.
- Hewlett-Packard Development Company L.P.
- Fujifilm Holdings Corporation
- Amcor Limited
- DuPont de Nemours Inc.
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Digital Printing Packaging Market – Overview Digital Printing Packaging is majorly used by the companies for attracting customers, and includes printing of digital images or text on the packaging of the product.
This concept ensures the expansion of graphic arts, commercial printing, specialty printing, point of purchase, building wraps, and so on.
The set-up cost of digital printing is comparatively less whereas unit cost per copy is quite higher.The increase in demand for digital printing packaging is positively impacting the growth of the global market.
Rapid improvements in reliability of the digital printing is projected the boost the growth of market over the forecast period.
Increasing competition among the existing players in the market is making digital printing more cost-effective.
Changes in demand from end-users for more attractive and innovative packaging is positively impacting the growth of the market.
Global digital printing packaging market is segmented by packaging type as Corrugated, Folding cartons, Flexible packaging, Labels, Others.
The corrugated segment market is propelled by increasing GDP per capita as well as disposable income in developing regions of Asia, Africa and South America.
Countries such as India, China, Malaysia, Indonesia and other existing markets manifests significant growth in corrugated segment of digital printing packaging market.The global digital printing packaging market is perceived to maintain a constant CAGR during the forecast period and is anticipated to exist at a significant level.
Significant growth in gross domestic product especially in Asia Pacific region exhibits discernible growth in cup fill and seal machine market.Asia Pacific digital printing packaging market is anticipated to exist as the largest market with the expected market share at significant level.
In Latin America, Brazil, Argentina and Chile are expected to witness significant market demand for organizations involved in digital printing packaging market.Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-806Increasing Disposable Income in Developing EconomiesSignificant growth opportunities is offered by developing economies such as India, China, Indonesia, Malaysia, Brazil and Algeria manifest significant growth in digital printing packaging industry.
The higher investment in research and development of packaging industry is also responsible for the growth of digital printing packaging market globally.The report titled “Global Digital Printing Packaging Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global digital printing packaging in terms of market segmentation segmented by Packaging type, by Printing inks, by end use industry and by format.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-806This report also provides the existing competitive scenario of some of the key players of the global digital printing packaging market which includes company profiling of Mondi PLC , HP Inc., Xeikon N.V., Eastman Kodak Company , Quantum Print and Packaging Limited.
