Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 31.64 Billion | USD 75.55 Billion | 9.1% | 2023 |
According to Zion Market Research, the global Digital Printing for Packaging Market was worth USD 31.64 Billion in 2023. The market is forecast to reach USD 75.55 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Digital Printing for Packaging industry over the next decade.
Digital printing technology is distinct from traditional litho offset and flexo process technology. Digital printing does not depend on the arrangement of a separate plate for each print run. All colors are printed at a time or in a single pass. Conventional printing process must repeatedly replace plates whereas digital printing does not have such a condition. It saves time and costs for the package printing process. Various brand owners choose digital printing on their labels because of the benefits and capabilities of digital printing. Digital printing is fast, inexpensive, and customized and is more powerful than traditional litho and flexo printing processes. The customer will make adjustments to the digital printing process at the last minute.
The rising interest in attractive luxury packaging would drive the growth of the global digital packaging printing market in the forecast period. The cosmetics, electronics, alcoholic beverages, soft drinks, and household goods industries are demanding quality packaging for their products, which will fuel the development of global digital printing in the packaging industry. Many producers use various paint styles, recyclable fabrics, different packaging methods, and comprehensive labeling of their products. Premium packaging shows the high quality of the goods which is helpful to improve the attractiveness of the brand. Rapid improvements in packaging styles would fuel the growth of the global digital printing industry for packaging. Various packaging types, such as bottles, cans, sachets, and other convenient packaging options, are the key factors responsible for growing the worldwide demand for digital printing for the food and beverage packaging industry. Cosmetic producers often use different packaging formats for the same product; they will ultimately raise the market for digital printing.
The global digital printing market is segmented into the packaging type, printing inks, printing technology, and end-use industries.
On the basis of packaging, global digital printing for the packaging industry can be further categorized as flexible packaging, labels, and folding cartons and corrugated.
On the basis of printing inks, global digital printing for the packaging industry can be further categorized as UV-based inks, solvent-based inks, and dye sublimation inks.
On the basis of printing technology, global digital printing for the packaging industry can be further categorized as inkjet printing, electrophotography, magnetography, thermal printing, and toner-based printing.
On the basis of the end-use sector, global digital printing for the packaging market can be further categorized in the food & beverage, pharmaceutical, automotive, and pharmaceutical industries.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Digital Printing for Packaging Market |
Market Size in 2023 | USD 31.64 Billion |
Market Forecast in 2032 | USD 75.55 Billion |
Growth Rate | CAGR of 9.1% |
Number of Pages | 110 |
Key Companies Covered | Xerox Corporation, Mondi PLC, Eastman Kodak Co., Xeikon N.V., WS Packaging Group, Inc, Traco Manufacturing, Inc., Dupont, Quad/Graphics, Inc., Quantum Print and Packaging Ltd., HP Inc. among others |
Segments Covered | By Packaging Type, By Printing Inks, By Printing Technology, By End-Use Industries And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific is projected to be the main market for digital packaging printing in developing economies such as China and India. China is projected to have the highest market share and lead the Asia-Pacific digital printing market for packaging in the forecast era. North America, Latin America and the Middle East, and Africa are expecting steady growth in the projected timeframe. Europe has a major opportunity for growth in the global digital printing industry for packaging.
Some main participants of the digital printing for packaging market are
Major players in the global market are focusing on strengthening their position in the target industry by applying various business strategies.
FrequentlyAsked Questions
The expanding interest for attractive premium packaging will drive the growth of global digital printing for packaging market in the forecast period. The industries which produce cosmetics, electronics, alcoholic drinks, soft drinks, household items demand premium packaging for their products which results to propel the growth of global digital printing for the packaging market.
According to Zion Market Research, the global Digital Printing for Packaging Market was worth USD 31.64 Billion in 2023. The market is forecast to reach USD 75.55 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period 2024-2032.
The Asia Pacific market is projected to hold the significant share globally in the future. The growth is as China leading the market in terms of both production. Also, owing to the rapid growth in the country’s end use industry is another factor to propel growth of the target industry in the near future.
Some main participants of the digital printing for packaging market are Xerox Corporation, Mondi PLC, Eastman Kodak Co., Xeikon N.V., WS Packaging Group, Inc, Traco Manufacturing, Inc., Dupont, Quad/Graphics, Inc., Quantum Print and Packaging Ltd., HP Inc., among others.
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