The Latest Released Digital Printing Packaging Market study has evaluated the future growth potential of Digital Printing Packaging market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. The global digital printing packaging market size is projected to grow from USD 29.4 billion in 2022 to USD 45.1 billion by 2027, at a CAGR of 8.9% from 2022 to 2027.
The digital printing packaging market is influenced by various factors such as consumer demand for personalized packaging, technological advancements, shift towards sustainable packaging, increased focus on e-commerce, and competitive landscape. These factors impact the market in different ways such as driving growth, making digital printing more accessible and cost-effective, and increasing demand for customized and sustainable packaging. As these factors continue to evolve, the demand for digital printing technology in the packaging industry is expected to grow.
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UV-based printing ink and digital printing are both popular technologies in the packaging industry, as they offer a range of benefits over traditional printing methods. UV-based printing ink is a type of ink that is cured by exposure to ultraviolet light, which results in a durable and high-quality printed image that is resistant to fading, smudging, and scratching. Digital printing, on the other hand, uses digital technology to print directly onto packaging materials, offering greater flexibility and customization options than traditional printing methods.
The global market for UV-based printing ink is expected to grow significantly in the coming years, driven by the increasing demand for high-quality, durable, and sustainable packaging solutions. UV-based printing inks offer a range of benefits over traditional printing inks, including faster drying times, reduced waste, and improved print quality. In addition, the growing focus on sustainability and eco-friendliness is expected to drive the demand for UV-based printing inks, as they are more environmentally friendly than traditional printing inks.
“Labels segment to be the largest packaging type in digital printing packaging market”
The labels segment is expected to be the largest packaging type in the digital printing packaging market. This is due to the increasing demand for customized labels that can be produced in smaller quantities, as well as the ability of digital printing technology to provide high-quality and vibrant printing on labels. The labels segment is also expected to benefit from the growing trend towards e-commerce, as many e-commerce companies require a wide range of labels for their products. Additionally, the use of digital printing technology for labels can also help to reduce waste and minimize the environmental impact of packaging.
“Food & beverage to account for the largest market share”
The food and beverage industry is expected to have the largest market share in the digital printing packaging market due to the increasing demand for innovative and customizable packaging designs. Digital printing technology allows for smaller runs of customized designs, food-safe inks and materials, and sustainability, all of which are crucial for the food and beverage industry. Therefore, the food and beverage industry is a major contributor to the growth of the digital printing packaging market.
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“North America is the second-largest market for digital printing packaging”
North America is one of the largest markets for digital printing packaging and is ranked as the second-largest market globally. The market is driven by factors such as increasing demand for on-demand and customizable packaging, growing awareness about sustainable packaging, and the adoption of advanced digital printing technologies. The region is also home to several key players in the digital printing packaging industry, which has helped to drive growth in the market. Additionally, the presence of a large number of e-commerce companies in North America has further contributed to the growth of the digital printing packaging market, as these companies require a wide range of packaging solutions for their products. Overall, North America is a significant market for digital printing packaging, and the region is expected to continue experiencing steady growth in the coming years.
Digital Printing Packaging Market Key Players
The digital printing packaging market has major players including DS Smith (UK), Smurfit Kappa (Ireland), CCL Industries Inc. (Canada), Quad/Graphics Inc. (US), and Printpack (US)., among others. These players have adopted various growth strategies, such as mergers & acquisitions to increase their market shares and enhance their product portfolios.
DS Smith is a global leader in customer-specific packaging with an emphasis on cutting-edge packaging design and local service close to customer facilities. DS Smith meets every market requirement with a product portfolio that includes transit packaging, consumer packaging, displays and promotional packaging, customized protective packaging, and industrial packaging.
