Pune India, Jan. 25, 2023 (GLOBE NEWSWIRE) — The market has been researched for the segmentation and regional analysis mentioned below for North America, Europe, Asia, South America and the Middle East and Africa. These are the main regions where digital printing packaging market is active and is expected to expand soon. The manufacturers and suppliers involved digital printing packaging market are present in several countries in the regions mentioned above.
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The report provides a detailed understanding of the market segments formed by combining different prospects such as type, end user and regions. Apart from this, the sections below also discuss key drivers, constraints, potential growth opportunities and market challenges.
The major players operating worldwide digital printing packaging market are Reynders Label Printing, Xeikon NV, Tailored Label Products Inc., Landa Corporation Ltd., Quad/Graphics Inc., Traco Manufacturing Inc., Creative Labels Inc., Colordruck Baiersbronn, DS Smith Plc, Thimm Group, WS Packaging Group Inc. , Elanders, Mondi Plc. among other things. To gain substantial market share in the global digital packaging printing market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations and partnerships, joint ventures.
Digital Printing Packaging The growth of the market is expected to be driven by increasing consumer shift towards convenience and sustainability during the forecast period. With the growth in demand for practical and user-friendly products, the need for flexible packaging has increased. Product shelf life and cost-effectiveness of packaging are expected to propel the growth of the Digital Printing Packaging market during the forecast period. With a strongly increased interest in environmentally friendly printing and a high demand for flexible packaging, the market for digitally printed packaging has grown. Recent developments in digital printing technology mean that a wider range of flexible packaging is now available. Due to the high demand, many companies have already expanded their production capacity, accelerating the market growth. Due to the increasing demand for sustainable printing, the market for digital packaging printing is expected to grow in the near future. Due to its ability to profitably generate short runs, digital printing has become increasingly popular with packaging companies. With the rapid advancement of inkjet and electrophotography printing technologies, digital printing has become one of the most accessible and affordable forms of printing available today. There are some factors that hinder the growth of the market such as regulatory issues and fluctuating prices.
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Scope of Digital Printing in Packaging Market Report:
|Market Share Unit||USD billion|
|Segments covered||Type, end user and regions.|
|Regions Covered||North America, Europe, Asia Pacific, South America and the Middle East and Africa|
|Big players||Reynders Label Printing, Xeikon NV, Tailored Label Products Inc., Landa Corporation Ltd., Quad/Graphics Inc., Traco Manufacturing Inc., Creative Labels Inc., Colordruck Baiersbronn, DS Smith Plc, Thimm Group, WS Packaging Group Inc., Elanders, Mondi Plc. among other things|
Corrugated board is expected to become the fastest growing segment in 2022.
The type segment includes flexible packaging, corrugated, folding boxes, labels and others. The corrugated board segment is expected to experience the highest growth rate during the forecast period. In terms of packaging material, cardboard and corrugated cardboard boxes are the most common. The growth of this market is fueled by the use of cellulosic fibers, a natural resource that is renewable, and is made by joining two sheets of paper (particularly liners) and fluting (a corrugated inner medium).
Food and beverage is expected to be the fastest growing segment in 2022.
The end-user segment is pharmaceuticals and healthcare, food and beverages, household and cosmetics, and others. The food and beverage segment is expected to experience the highest growth rate during the forecast period. The growth of the consumer goods market is driven by the shorter shelf life and wide variety of products. Digital solutions in the food and beverage industry are being boosted by an emphasis on product differentiation, which is one of the key factors driving their adoption. As a tool to improve innovation, sustainability and customization, digital technology is being used in the food and beverage industry.
The regional analysis provides a detailed picture of the main regions and countries. Some of the major countries analyzed for digital printing in packaging market are USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.
The North American region witnessed a large share. There are highly lucrative opportunities in the digital printing for packaging market as digital printing becomes more and more popular in countries around the world. In the coming year, the North American packaging industry is expected to grow significantly, which will be a major factor in generating growth for the digital packaging printing market there.
The size of the digital packaging printing market was estimated at $1.61 billion by 2022 and is expected to reach $6.25 billion by 2030, at a CAGR of 18.5% from 2023 to 2030.
Network expansion is one of the strategies that leading players in the digital printing for packaging industry in the country are using to expand their business.
China’s digital packaging printing market size was estimated at $1.13 billion by 2022 and is expected to reach $4.33 billion by 2030, at a CAGR of 18.3% from 2023 to 2030.
Key interests of the Chinese printing industry include digital platforms, end-to-end value creation chains and data-driven business models. Digital printing has made it possible for local designers to access more than 12,000 folding box designs online, boosting the popularity of packaging design.
India’s market size for digital packaging printing was estimated at USD 0.87 billion by 2022 and is expected to reach USD 3.37 billion by 2030, at a CAGR of 18.2% from 2023 to 2030.
With their emerging economies and growing consumer spending on beauty products, the skin care, hair care and makeup industries in India are booming.
Covid-19 had a major impact on almost all industries such as electronics, semiconductors, manufacturing, automobiles, etc. However, several companies operating in the technology sector have seen their revenue increase due to significant changes in consumer preferences towards technology services. In addition, the pandemic has led to a significant growth of technology in developing and developed countries.
Moreover, the growth of this market is mainly driven by the increasing consumer awareness about the benefits of digital printing packages, driving the growth of the market in all countries.
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