Global Digital Printing Packaging Market was valued at US$ 14.23 Bn in 2019 and is expected to reach US$ 29.9 Bn by 2027, at a CAGR of 11.19% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Based on the end-user, the food & beverages segment is expected to drive the demand for digital printing packaging during the forecast period as increased expansion of the food & beverages industry across the globe. In addition, the growth in popularity of packaged and branded food products among consumers coupled with increased per capita income, which is boosting the growth of the digital printing packaging market globally. On the basis of packaging type, the labels segment is surging the global digital printing packaging market growth in a positive way. Growing demand for the labels to display sequential barcodes and numbering, variable text, titles, graphics, and add substantial value to the product is also driving the global digital printing packaging market growth.
The growth in demand for innovative and convenience packaged food and beverage and cosmetic products from consumers across the globe, which are expected to surge the global digital printing packaging market growth. The rise in demand for the labels to authentication and product differentiation are booming growth of the global digital printing packaging market. The rapidly changing lifestyle and consumer preferences, which are influencing the demand for digital printing packaging in emerging economies in a positive way. However, fluctuations in raw material prices are expected to hamper the global digital printing packaging market growth in the forecast period.
In terms of region, the Asia Pacific is projected to hold the largest share in the global digital printing packaging market during the forecast period as increased consumption of packaged food products among consumers in this region. In addition, rapid urbanization coupled with an increased spending power of the middle-class population in emerging economies of this region such as India and China is propelling the global digital printing packaging market growth in a positive way. Growing expansion of food & beverages and healthcare industries in this region is also expected to drive the global digital printing packaging market growth in the forecast period. Europe is expected to generate the highest CAGR in the global digital printing packaging market during the forecast period as the growing organized retail sector. North America is also estimated to surge the global digital printing packaging market growth in the near future as increased demand for advanced and sophisticated packaging solutions in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Digital Printing Packaging Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Digital Printing Packaging Market.
Scope of the Report Digital Printing Packaging Market
Global Digital Printing Packaging Market, by Packaging Type
• Flexible Packaging
Global Digital Printing Packaging Market, by Technology
Global Digital Printing Packaging Market, by Printing Format
• Large Format Printing
• Full Color Printing
• Variable Data Printing
Global Digital Printing Packaging Market, by Printing Inks
• Dye sublimation inks
Global Digital Printing Packaging Market, by Application
Global Digital Printing Packaging Market, by End-user
• Food & Beverages
• Personal Care
• Electronics Goods
Global Digital Printing Packaging Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Digital Printing Packaging Market
• WS Packaging Group, Inc.
• Xerox Corporation.
• Quantum Packaging Store
• Eastman Kodak Company.
• HP Inc.
• Quad/Graphics, Inc.
• Labels in Motion
• Reel Appeal
• Anglia Labels
• Cenveo Corporation
• SCREEN Holdings Co., Ltd.
• EC Labels Ltd.
• Edwards Label, Inc.
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