Digital Printing Packaging Market based on Technology (Inkjet Technology and Electrophotography), Package Type (Labels, Corrugated Packaging, Folding Packaging, and Flexible Packaging), End-User (Food & Beverage, Electronics, Healthcare, Personal Care and Others), and Geography – Global Forecast up to 2026
Digital Printing Packaging Market is predicted to grow at the rate of 14.73% CAGR by 2026. Digital printing packaging primarily prints packing materials for the products with inkjet printers and electronic control laser. Digital printing has an essential role in current packaging since it reduces the turnaround time and needs the least press setup. Digital printing packaging is suitable for small and medium print runs in several formats. With the help of digital printing, various designs in several colors packages can be printed. The development in the usual packaging material and leveraging it to promote the product fuel the demand for digital printing packaging. Innovative packaging or materials or technology has become a focal point for most companies to attract a major number of consumers in the market. Digital printing technology is used among material substrates such as flexible packaging, folding cartons, corrugated boxes, and stickers to spur the market's product demand. However, the varying prices of raw materials and sluggish adoption of digital printing for packing are the factors to hold back the market's growth.
Digital Printing Packaging Market By Technology
- Inkjet Technology
Digital Printing Packaging Market By Package Type
- Corrugated Packaging
- Folding Packaging
- Flexible Packaging
Digital Printing Packaging Market By End-User
- Food & Beverage
- Personal Care
Digital Printing Packaging Market By Geography
- North America
- Asia Pacific
- Rest of the World
The inkjet technology segment is holding a substantial share in the digital printing packaging market as per technology. Since inkjet technology is a new and emerging trend, the inkjet systems have a particular single-pass system having separate rows of various print heads for each color, therefore providing smoother and more accurate label information in the market.
The corrugated packaging segment is witnessing the highest growth in the digital printing packaging market for the package type. This is because corrugated boxes and cardboards are most widely used in packing material. Increasing usage of renewable natural resources such as cellulose fibers concerning environmental factors further boosts this segment's growth.
As per the digital printing packaging market's end-users, the food and beverage segment is expected to have the largest share in the digital printing packaging market. This is due to the broad range of food products and less lifespan of consumer products. Moreover, the increasing prominence of product differentiation to make the products appear different in the market also propels the segment growth.
Asia Pacific region has occupied a significant share in the digital printing packaging market. The considerable share is attributed to the increasing disposable income, drastic development in the manufacturing industry, and the consumers' shifting lifestyle.
Digital printing assists in curbing the additional costs and enhances production with high speed. Just-in-time manufacturing capability is one of the important benefits of digital printing technology, compelling the global digital printing packaging market. In addition to that, the digitally printed packages intensify workflow; facilitate innovative marketing, and help in faster marketing by augmenting the products' appearance.
The digital printing packaging market report includes the key players-DuPont de Nemours, Inc., WS Packaging Group, Inc., Eastman Kodak Company., HP Development Company, L.P., Quantum Print & Packaging Ltd, Mondi Group, Quad/Graphics, Inc., Xeikon, Traco Packaging, and Xerox Corporation.
Therefore, the digital printing package helps the products' manufacturers enhance the product appearance with a unique and attractive package. Furthermore, digital printing also provides cost-effective and accurate packaging and printing for consumer satisfaction.
- This report provides a forward-looking perspective on changing factors driving or restricting market development.
- This report provides past and future revenue of the market segments and sub-segments in four main regions, North America, Europe, Asia Pacific, and the Rest of the World.
- The study depicts the country-level analysis of the market as per the current market size and future prospective.
- Further provides the competitive outlook of the market's key players and their dynamic strategies to survive in the market.