Stratistics MRC Digital Printing Packaging Market Report 2021 Key Players are – Quad/Graphics, Inc., HP Inc., Mondi PLC, Xerox Corporation, Traco Manufacturing.
Digital printing is the technique of printing the digital image or file directly onto the substrate such as paper, canvas, card stock, plastic, foil, fabric and other substrates . In this technique, the ink is pressed directly onto the substrate, eliminating the need for plates and layout sheets, thus reducing the overall initial cost. Digital printing is a cost effective printing technique offering high quality print quality, fast turnaround with high accuracy. It is an ideal ecological printing technique for printing short to medium runs. For this reason, it is widely used as a printing option on the packaging of food and beverages, pharmaceuticals, cosmetics, and personal care products.
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Based on geography, Asia-Pacific region is estimated to witness considerable market growth over the forecast period, owing to growing demand from food & beverage and personal care products sector, the increase in consumption of packaged goods creates demand for premium packaging, presence of large consumer base in emerging countries such as India and China, emphasis by manufacturers on developing low-cost packaging printing options, with the region seeing growth in online retail sales coupled with growth in convenience packaging in the food industry. However, as the market for digital printing packaging in developed countries matures, the markets in China and India are expected to grow at higher rates during the forecast period.
Some of the major players in the digital printing packaging market include Quad/Graphics, Inc., HP Inc., Mondi PLC, Xerox Corporation, Quantum Print & Packaging Ltd, Traco Manufacturing, Inc., WS Packaging Group, Inc., Xeikon NV, EI Du Pont Nemours and Company, Eastman Kodak Company., DS Smith Plc, Weber Packaging Solutions Inc., Landa Corporation Ltd., Reel Appeal Limted, Tailored Label Products Inc. and Edwards Label, Inc.
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