According to the latest report by IMARC Group, titled “Digital Printing Packaging Market Trends, Analysis, Growth Size, Share, Opportunity and Forecast 2023-2028″ reached a value of US$ 19.45 Billion in 2021. Looking forward, expects the market to reach a value of US$ 31.94 Billion by 2027 exhibiting a 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.
Explore the Sample Report here for more information.
Digital Printing Packaging Market Overview
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, and 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.
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 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.
Global Key Players
For the competitor segment, the report includes global key 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:
Breakup by Packaging Type:
- Corrugated Packaging
- Folding Cartons
- Flexible Packaging
Breakup by Format:
- Full-Color Printing
- Variable Data Printing
- Large Format Printing
Breakup by Printing Technology:
- Inkjet Printing
- Electrophotography Printing
Breakup by End User:
- Food and Beverages
- Personal Care and Cosmetics
- Asia Pacific
- North America
- 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.
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.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 |
Africa and Europe:- +44-702-409-7331
| Asia: +91-120-433-0800, +91-120-433-0800
The post Digital Printing Packaging Market Trends, Size, Industry Share And Report 2022-2027 appeared first on PressRelease.cc.