New York, U.S., June 16, 2022 (GLOBE NEWSWIRE) — Overview of the digital printing packaging market
According to a comprehensive research report by Market Research Future (MRFR), “digital printing packaging market Insights by Technology, Packaging Type, Application, End User and Region – Forecast to 2030 »the market is expected to grow at a CAGR of 9.5% to reach USD 50 billion by 2030.
The digital packaging printing market is a growing sector with many advantages. Due to the general production versatility and faster time-to-market, digital printing packaging market trends are also gaining importance and development. While the main objective of organizations in the digital packaging printing industry is to ensure that items are delivered on time, packaging companies also rely on digital printing solutions. Virtual and smart labeling is also gaining popularity, leading to significant revenue growth in the digital printing packaging industry. Digital printing packaging is a form of printing technology that uses electronically controlled laser and inkjet printers. It is ideal for small to medium sized files in multiple formats. New designs in different colors can be created using laser printer packaging technology. Promotional offers can be printed on the packaging using digital packaging printing technology. Digital printing is gaining popularity with consumers due to its many benefits.
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|Market size 2030||2030: $50 billion|
|Year of reference||2021|
|Forecast units||Value (USD billion)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||By technology, packaging type, application, end user and region|
|Geographical areas covered||North America, Europe, Asia-Pacific and Rest of the World (RoW)|
|Key Market Drivers||The growing demand for product presentability across different brands|
|The appearance of the product which greatly influences buyers|
Market Competitive Landscape:
The main competitors in the digital printing packaging market are:
- Dainippon screen graphics
- Landa digital print
- CE labels
- Graphix Labels and Packaging
- Edwards label
- INX International
- Heidelberg United States
- CCA Health
- cyan tec
- Packing group WS
- EI Du Pont de Nemours & Co.
- Solar automation
- Mark Andy
- Quantum printing and packaging
- Traco manufacturing
Covered USP market:
Several factors have fueled the development of the digital packaging printing market. For starters, the rapid growth in product presentability across different brands has spurred the growth of digital printing in the packaging industry. While the appearance of a product has a significant influence on buyers, digital printing for packaging has found a new path to success. Additionally, the increased need for flexible packaging is expected to drive digital printing forward for the packaging market. The profitability of digital printing for packaging is also expected to cushion the market expansion. Fluctuations in raw material costs, on the other hand, are expected to thwart the development of digital printing for the packaging market during the forecast period.
Digital printing is increasingly becoming the next must-have innovation due to its multiple benefits. With increased production flexibility, faster time to market and increased customization, it is becoming increasingly cost effective. To ensure timely delivery of goods, packaging companies rely heavily on digital printing technology to save packaging time. In digitally printed packaging, virtual and smart labeling solutions are becoming increasingly popular.
Fluctuating raw material prices are hampering the digital printing of the packaging industry. This significantly reduces demand growth. These price swings, mainly attributable to the evolution of oil prices, which are the lifeblood of the raw materials of the industry, have stifled the growth of the market.
Browse the in-depth market research report (140 pages) on digital printing packaging: https://www.marketresearchfuture.com/reports/digital-printing-packaging-market-2782
COVID 19 analysis
COVID-19 has wreaked havoc on people’s lives and businesses. Although there is no need to worry about the loss or future business activities, it is essential to take the necessary measures to restore work efficiency. However, companies such as Geostick Group, a leading label printer in Europe and a pioneer in digital label printing, have agreed to purchase a Bobst Digital Master 340 label press, a fully digitized and automated manufacturer that includes everything from printing to decorating and cutting. . This partnership is part of Geostick’s broader effort to improve its digital printing capabilities, led by its new digital printing center in Uithoorn, the Netherlands. Bobst’s All-in-One, All-Inline range now includes the new Digital Master 340. Seamless native integration between the UV inkjet digital engine, flexo and converting modules enables printing, decorating and cutting in a single pass.
The inkjet segment is assessed to hold a major share of the market during the forecast period.
By type of packaging
The label segment is expected to gain traction in the coming period.
The Boxes segment is expected to capture a majority share in the coming period.
Per end user
The food and beverage segment will have a significant competitive advantage in the global market. The food industry will be the first to use digitally printed packaging. Adoption revenue in the beverage, pharmaceutical, personal care, and cosmetics industries, on the other hand, will grow at a faster rate.
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Due to growing demand from different application areas, Asia-Pacific held the highest share in the global digital printing packaging market. Due to growing demand from the food and beverage industry, China, India and Japan are the top three consumers. This is due to the high demand for food packaging and the growing emphasis on packaged items sharing information about their shelf life, composition and nutritional content. Packaging products such as folding cartons, corrugated paper and flexible packaging have grown rapidly across Europe. Additionally, advances in metal printing spurred regional expansion. Packaging sectors such as corrugated paper, folding cartons and flexible packaging have grown rapidly across Europe. Additionally, advances in metal printing spurred regional expansion. Leading digital printing companies for packaging in the UK and Germany are expanding their networks. Due to the great popularity of electrophotography and electrostatic printing and their ability to produce pristine quality photographs with remarkable durability in varying environmental conditions, the Middle East and Latin America are expected to experience continued market expansion.
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