Global Digital Printing Packaging Market by Flexible Plastic 2017-2021
About Digital Printing Packaging
In digital printing on flexible plastic, the surface of flexible plastic materials is printed based on the data stored on a computer in digital form. Flexible plastic contributed around 14.78% to the global digital printing packaging market in 2016. A majority of the demand is from label printing and flexible film printing in different types of pouch packaging. Inkjet printing, xerography or electrography, and thermal transfer printing (TTP) are the commonly used digital printing types for flexible plastic. The market also consists of other types of digital printing technology such as ionography, direct thermal printing, tone-based printing, and magnetography.Technavio’s analysts forecast the global digital printing packaging market by flexible plastic to grow at a CAGR of 17.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global digital printing packaging market by flexible plastic for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of digital printing packaging.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Digital Printing Packaging Market by Flexible Plastic 2017-2021
Technavio recognizes the following companies as the key players in the global digital printing packaging market by flexible plastic: DuPont, Cenveo, Flint, HP, and Xerox.
Other Prominent Vendors in the market are: Anglia Labels, Dainippon Screen Group, EC Labels, Edwards Label, Graphix Labels & Packaging, INX International, Kodak, and WS Packaging Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rapid growth of digital printing of flexible plastics over analog printing. Digital printing of flexible plastic is growing rapidly, despite the challenges. The market shows a tremendous growth of nearly 37% within a gap of 15 years. This growth is expected to project to around 26% for another five years. ”
According to the report, one of the major drivers for this market is Cost-effectiveness of TTP over analog hot stamp printing. The analog substitute for digital TTP in flexible plastic printing is hot stamp printing. Both hot stamp and TTP are meant to transfer ink from a ribbon to flexible plastic substances. But, TTP has a lot of advantages in operation and cost.
Further, the report states that one of the major factors hindering the growth of this market isLow quality of printing compared with analog printing. Despite many advantages in digital printing of flexible plastic such as faster printing, low cost, easy proof approval, and others, it lacks in terms of quality of printing.
DuPont, Cenveo, Flint, HP, Xerox, Anglia Labels, Dainippon Screen Group, EC Labels, Edwards Label, Graphix Labels & Packaging, INX International, Kodak, and WS Packaging Group.
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