Digital Printing Packaging Market Research, 2031
The global digital printing packaging market size was valued at $20.6 billion in 2021, and is projected to reach $49.9 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031. In comparison to traditional printing, digital printing is a more advanced technique. Flexo and litho processes are examples of traditional printing technology. In contrast to traditional printing, digital printing does not require the replacement of printing plates. As a result, it has a greater printing efficiency and lower machine cost. Digital printing is done with the help of computer equipped with software and printing machine.
Digital printing produces higher-quality prints than traditional printing. To print all of the colors, only one pass is necessary. Changes may be made even at the last minute before printing thanks to digital printing technology. Because there is no need for water, photo chemicals, or pre-press processes, digital printing packaging is considered an environmentally sustainable printing procedure. There is high demand for digital printing packaging market from various industries such as cosmetics, pharmaceuticals, food & beverage, and electrical & electronics.
Printing on the packaging of the product is an important factor for any company as it attracts more customers to buy their products. The information on the packaging must be clearly visible to the customer so that he can get the correct information about the product. As digital printing technology offers good quality printing on packaging, it is widely used across industries. Many manufacturers use detailed labeling, various packaging technique, recyclable material, and different colors for advertisement of their product. If the quality of packaging is premium, then it indicates that the product must be of high standards, which is very important to create and maintain the brand image.
Factors such as variation in the prices of raw material have caused a negative impact on the profitability of the printing industry. And high maintenance cost and requirement of skilled operator are the restraining factors for digital printing packaging market growth.
Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of digital printing packaging as well as their demand in the market, thereby restraining the growth of the digital printing packaging industry. Conversely, industries are gradually resuming their regular manufacturing and services. This is lead to re-initiation of digital printing packaging companies at their full-scale capacities, which helped the digital printing packaging market to recover by end of 2021.
Digital printers provide printing with more efficiency and also give better quality printing compared to the conventional printing method. Therefore, the demand for digital printing packaging is expected to rise during the forecast period. Further, the low operating cost of digital printing attracts many customers, which will drive the digital printing packaging market share.
By End-user Industry
Food & Beverages segment holds the largest share in the market
The digital printing packaging market is segmented into Packaging Type, Printing Technology and By End-User Industry. By printing inks, the market is divided into UV-based inks, solvent-based inks, and dye sublimation inks. By printing technology, the market is segmented into inkjet printing, electro photography, magnetography and thermal printing. By packaging type, the market is segmented as folding cartons, corrugated, labels, flexible packaging, and others. By end user, the market is divided into food & beverages, automotive, pharmaceutical, and others. Region wise, the global digital printing packaging market forecast analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of packaging type, in 2021, the labels segment dominated the digital printing packaging market, in terms of revenue, whereas the flexible packaging segment is expected to witness growth at the highest CAGR during the forecast period. As per printing technology, in 2021, the inkjet printing segment led the market, and is expected to exhibit highest CAGR in the near future. By end-user industry, the food & beverage segment led the market in 2021, in terms of revenue; however, the others segment is anticipated to register highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2021; however, LAMEA is anticipated to register highest CAGR during the forecast period.
Key Players
The major players profiled in the market include DuPont, Eastman Kodak Company, HP Development Company, L.P., Mondi PLC, Multi-Color Corporation (WS Packaging Group Inc), Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V. and Xerox Corporation.Major companies in the market have adopted product launch and acquisition as their key developmental strategies to offer better products and services to customers in the digital printing packaging market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital printing packaging market analysis from 2021 to 2031 to identify the prevailing digital printing packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the digital printing packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global digital printing packaging market trends, key players, market segments, application areas, and market growth strategies.
Digital Printing Packaging Market Report Highlights
| Aspects | Details |
 By Packaging Type |
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 By Printing Technology |
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 By End-User Industry |
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 By Region |
|
 Key Market Players | Traco Manufacturing, Inc., Quad/Graphics Inc., WS Packaging Group, Inc., Xerox Corporation, Xeikon N.V., Dupont, Mondi PLC, HP Inc, Quantum Print and Packaging Ltd., WS Packaging Group Inc, Eastman Kodak Co. |
Analyst Review
Digital printing packaging are generally used in packaging of products in medical, automotive, electronics and other manufacturing units. The digital printing packaging is widely used for packaging industry. The packaging of boxes and logistics products find large scale application of digital printing packaging market. Digital printing is a more advanced technique compared to traditional printing. Factors such as efficient printing, environmentally sustainable because on no use of harmful chemicals and water and less printing time are the driving the market. Raw material rates fluctuations, high cost maintenance and requirement of skilled operator are limiting the growth of market. Exceptional digital printing quality than traditional printing is increasing the demand for the market. Automation in printing machines are expected to create lots of opportunities for growth of the market.
The global digital printing packaging market size was valued at $ 20,599.5 million in 2021, and is expected to reach $49,927.84 million by 2031, with a CAGR of 9.1% from 2022 to 2031.
The forecast period considered for the global digital printing packaging market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
To get latest version of global digital printing packaging market report can be obtained on demand from the website.
The base year considered in the global digital printing packaging market report is 2021.
The top companies holding the market share in the global digital printing packaging market report include DuPont, Eastman Kodak Company, HP Development Company, L.P., Mondi PLC, Multi-Color Corporation (WS Packaging Group Inc), Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V. and Xerox Corporation.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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