What is digital printing Packaging market?
The digital printing packaging market refers to the use of digital printing technology for producing packaging materials such as labels, flexible packaging, folding cartons, and corrugated boxes. This market is growing rapidly due to the increasing demand for custom-printed packaging, shorter lead times, and better cost efficiency compared to traditional printing methods. Digital printing also enables the use of variable data printing, enabling the production of personalized packaging. The scope of the digital printing packaging market covers the various applications of digital printing technology in the packaging industry. This includes the production of labels, flexible packaging, folding cartons, corrugated boxes, and other packaging materials. The market also covers the various end-use industries that use digital printed packaging, such as food and beverage, cosmetics and personal care, pharmaceuticals, and consumer goods. Additionally, the scope of the market includes an analysis of the technology trends, market size, growth rate, and competitive landscape of the digital printing packaging industry.
What is the current size of global digital printing packaging market?
according to a recent report from MarketsandMarkets, the market size for digital printing packaging was USD 27.1 billion in 2021 and is projected to reach USD 45.1 billion at a CAGR of 8.9% by 2027.
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What is the future of digital print for packaging to 2024?
The future of digital print for packaging is expected to see continued growth in the coming years. This can be attributed to several factors, including increasing demand for short-run and customizable packaging, advancements in digital printing technology leading to improved print quality and speed, and greater sustainability initiatives in the packaging industry. In addition, the increasing adoption of e-commerce and the rise in online shopping are expected to drive demand for digitally printed packaging, as it offers a flexible and cost-effective solution for personalized packaging. However, the growth of digital print for packaging may also face some challenges, such as higher initial investment costs and limited substrate options compared to traditional print methods.
How is the digital printing packaging market aligned?
The digital printing packaging market has been growing rapidly in recent years, driven by advancements in printing technology and the increasing demand for personalized and sustainable packaging solutions. The market is highly fragmented, with a large number of small-to-medium sized players competing with established industry giants. The Asia-Pacific region is the largest market for digital printing packaging, followed by Europe and North America. The food and beverage industry is the largest end-user of digital printing packaging, but the technology is also being adopted in the cosmetics, pharmaceuticals, and electronics industries. Companies are focusing on investing in R&D to improve the quality and speed of digital printing and to develop new printing materials and inks.
Which region is forecast to be the most lucrative for Digital Printing Packaging market growth?
As of my training data, it is expected that Asia Pacific region will be the most lucrative for digital printing packaging market growth, due to factors such as increasing demand for packaged consumer goods and rapid growth in e-commerce. Other regions such as North America and Europe are also expected to show significant growth in the digital printing packaging market.
North America is the second-largest market for digital printing packaging
The North American market comprises the US, Canada, and Mexico. The US accounted for the largest share of the digital printing packaging market in North America in 2021 in terms of value. The market in this region is majorly driven by technological advancements in the packaging industry.
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Digital Printing Packaging Market Key Players
The digital printing packaging market comprises major solution providers like -
- Huhtamaki (Finland)
- Constantia Flexibles (Austria)
- Quad/Graphics, Inc. (US)
- THIMM The Highpack Group (Germany)
- Printpack (US), DS Smith (UK)
- Smurfit Kappa (Ireland)
- Krones AG (Germany)
- CCL Industries Inc. (Canada)
- ePac Holdings, LLC. (US)
The study includes an in-depth competitive analysis of these key players in the digital printing packaging market, with their company profiles, and key market strategies.
Digital Printing Packaging Market Segmentation
On the basis of printing inks:
- Solvent-based
- UV-based
- Aqueous
- Others
On the basis of printing technology:
- Thermal transfer printing
- Inkjet printing
- Electrophotography & electrostatic printing
- Others
On the basis of format:
- Full color printing
- Variable data printing
- Large format printing
- Others
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On the basis of packaging type:
- Corrugated
- Folding cartons
- Flexible packaging
- Labels
- Others
On the basis of end-use industry:
- Food & beverage
- Pharmaceuticals and healthcare
- Household & cosmetic products
- Others
Food & beverage to account for the largest market share
Digital printing packaging is used in the food industry for fresh food, meat, fish, seafood, fresh produce, poultry, and ready meals. With the increase in demand for convenience and quality food products, people opt for packaged foods.
On the basis of region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/digital-printing-packaging-market-249244591.html
Table of Contents:
- Executive Summary
- Scope/opportunities of the Digital Printing Packaging Market Report
- Research Methodology
- Aerosol Cans Market Landscape
- SWOT Analysis
- Market Sizing
- Aerosol Cans Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Aerosol Cans Market Key Trends
- Players Landscape
- Players Analysis