What is Digital Printing Packaging Market?
The Digital Printing Packaging Market is a rapidly growing sector with numerous advantages. Because of the flexibility in production and the speedier marketing timings, the Digital Printing Packaging Market Trends are also gaining relevance and development. On the other hand, the necessity of integrating digital presses has been recognized. The practice of sending a digital file (typically a JPEG or PDF file) straight to a printer for printing on packaging materials is known as digital printing in packaging. To convey a more precise color output from screen to substrate, the digital files are translated into the CMYK color system. Digital printers, unlike offset printers, do not require any manual effort during setup, which means no dies or paper rolls need to be inserted. Digital printing in packaging is widely utilized in the packaging industry to save money and time.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Xeikon N.V. (Netherlands), Hewlett-Packard Inc. (United States), Mondi Group (South Africa), W S Packaging Group, Inc. (United States), Weber Packaging Solutions Inc. (United States), Xerox Corporation (United States), E.I. du Pont de Nemours and Company (United States), Quad Graphics, Inc. (United State) and Labels in Motion (United States.) |
CAGR | 16.89% |
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Digital Printing Packaging market is expected to see steady growth rate.
Xeikon N.V. (Netherlands), Hewlett-Packard Inc. (United States), Mondi Group (South Africa), W S Packaging Group, Inc. (United States), Weber Packaging Solutions Inc. (United States), Xerox Corporation (United States), E.I. du Pont de Nemours and Company (United States), Quad Graphics, Inc. (United State) and Labels in Motion (United States.) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Reel Appeal Limited (United Kingdom) and Traco Manufacturing, Inc.
Because of the large number of regional competitors, the worldwide digital printing packaging market is fragmented. Leading digital printing packaging makers are expanding their global reach as part of a growth plan. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Printing Packaging market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Digital Printing Packaging market by Type, Application and Region. On the basis of Type, Corrugated Packaging are dominating the market in the year 2021
On the basis of geography, the market of Digital Printing Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Adoption of Sustainable Printing
- Increasing Popularity of the Flexible Packaging
- High Demand due to various factors such as Cost Effectiveness
Market Trend
- The Advancement in the Production Technology
- The Upsurging Demand for the Printing Jobs Of Shorter Run Lengths
- HIGh Growth in the E-Commerce Sector
Restraints
- The Concern related to the Fluctuating prices of the raw material
Opportunities
- The Surging Demand from the Untapped Market
- Growing Investment in R&D Activities
Challenges
- The Increasing Issue with Stringent Regulations
Market Leaders and some development strategies
On 1st April 2022, Xeikon launches groundbreaking TITON technology in response to sustainability trends in packaging
On 8th July 2021, Mondi, a global leader in packaging and paper, extends its Color Copy original flagship range with extra-long digital formats (with lengths up to 1200mm) to meet the growing demand for digitally printed applications and allows for a host of new print applications. The papers offer the highest possible quality in digital color printing and provide customers the choice between different long-sheet applications, (personalized for each customer), both in large scale or single items.
Analyst Comment
COVID-19 has caused serious issues in the lives of everyone, even businesses. While now is not the time to be concerned about the loss or the company's future operations, it is critical to ensure that the actions necessary to restore work efficiency are followed. The expert reports contain all of the elements that a company would require to recover from a loss and assist them toward success and efficient operation.
Key Target Audience
Digital Printing Packaging Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Digital Printing Packaging Market?
"High Adoption of Sustainable Printing
" is seen as one of major growth factors of Digital Printing Packaging Market in years to come.
2. Can we have customized study for Digital Printing Packaging Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Digital Printing Packaging Market?
United States will lead Digital Printing Packaging Market in coming years.