Overview and Scope
Digital printing packaging is a direct print technology that uses ink applied directly to the product packaging. These applications continue progressing, enabling converters’ production flexibility and packaging design innovation for brand owners who want to do their on-demand printing and labeling. It is used to speed up the manufacture of product packaging prototypes, making it easier to test different designs and packaging.
Sizing and Forecast
The digital printing packaging market size has grown strongly in recent years. It will grow from $24.44 billion in 2023 to $26.77 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to customization and personalization trends, short-run printing requirements, rise of e-commerce and d2c brands, brand differentiation and visual appeal, quick time-to-market..
The digital printing packaging market size is expected to see strong growth in the next few years. It will grow to $38.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to expanding sustainable packaging practices, increased adoption in food and beverage industry, rising demand for variable data printing, global shift towards circular economy.. Major trends in the forecast period include advancements in ink and printing technologies, smart packaging with track-and-trace features, digital labels for product authentication, application of 3d printing in packaging, expansion of digital printing in flexible packaging..
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Segmentation & Regional Insights
The digital printing packaging market covered in this report is segmented –
1) By Packaging Type: Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels, Other Packaging Types
2) By Printing Inks: Solvent-based, UV-based, Aqueous, Other Printing Inks
3) By Printing Technology: Thermal Transfer Printing, Inkjet Printing, Electrophotography And Electrostatic Printing, Other Printing Technologies
4) By Format: Full Color Printing, Variable Data Printing, Large Format Printing, Other Formats
5) By End-User Industry: Food And Beverages, Pharmaceuticals, Electronics, Personal Care And Cosmetics, Other End-user Industries
Asia-Pacific was the largest region in the digital printing packaging market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the digital printing packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for cosmetics and personal care is expected to boost the growth of the digital printing packaging market going forward. Cosmetics and personal care refer to products used on the human body to clean, enhance, make it more appealing, or otherwise alter its look. Digital printing helps personal care and cosmetics manufacturers market both the company’s brand and the product, allowing them to do more lucrative design printing on the product to reach the maximum targeted audience and deliver a more rapid turnaround than conventional solutions. For instance, in 2021, according to an annual report published by L’Oréal S.A., a France-based cosmetic company, the worldwide cosmetic market stood at 8.2%, up from 5.5 % in 2019 Moreover, in January 2021, according to an article shared by Automat.ai, a Canada-based business service, software, and computer software company, in the US, sales of skincare products increased by 13% last year, while sales of makeup items increased by 1%. Therefore, increasing demand for cosmetics and personal care is driving the growth of the digital printing packaging market.
Key Industry Players
Major companies operating in the digital printing packaging market report are Canon Inc., Hewlett-Packard Development Company L.P., Fujifilm Holdings Corporation, Amcor Limited, DuPont de Nemours Inc., DS Smith plc., Dover Corporation, Huhtamaki Oyj, CCL Industries Inc., Barry-Wehmiller Companies Inc., Flint Group, Heidelberger Druckmaschinen AG, Mondi plc., Agfa-Gevaert N.V., Constantia Flexibles Group GmbH, Bobst Group SA, Electronics For Imaging Inc., Konica Minolta Inc., Koenig & Bauer AG, Eastman Kodak Company, Coveris Holdings S.A., Komori Corporation, INX International Ink Co., Mimaki Engineering Co. Ltd., Esko-Graphics BVBA, Mutoh Holdings Co. Ltd., Durst Group, Edwards Label, Landa Corporation, EC Labels Ltd
The digital printing packaging market report table of contents includes:
1. Executive Summary
2. Digital Printing Packaging Market Characteristics
3. Digital Printing Packaging Market Trends And Strategies
4. Digital Printing Packaging Market – Macro Economic Scenario
5. Global Digital Printing Packaging Market Size and Growth
…
32. Global Digital Printing Packaging Market Competitive Benchmarking
33. Global Digital Printing Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Printing Packaging Market
35. Digital Printing Packaging Market Future Outlook and Potential Analysis
36. Appendix
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