Digital Printing Packaging Market Size & Share 2022
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.
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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.
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.
Digital Printing Packaging Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 19.45 Billion
Market forecast in 2027
US$ 31.94 Billion
Growth Rate
CAGR of 8.30%from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments covered
Printing Inks, Packaging Type, Format, Printing Technology And End User
Regional scope
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Key companies profiled
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
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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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
Based on the end-use sector, the report finds that the Packing sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
Regional Insights:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
List of Major Key Players:
The major players in the market are 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
About Us:
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