The global digital printing packaging market size was valued at $20,599.5 million in 2021, and is expected to reach $49,927.84 million by 2031, with a CAGR of 9.1% from 2022 to 2031. Digital printing is superior to traditional printing methods. Flexo and litho processes are examples of traditional printing methods. Digital printing, unlike traditional printing, does not require the replacement of printing plates. Digital printing is done with the help of computer equipped with software and printing machine. As a result, printing efficiency is high while equipment costs are low.
In comparison to traditional printing, digital printing generates high prints. To print all of the shades, only one pass is necessary. Digital printing technology allows users to make adjustments right up until the moment of printing. As there is no need for water, photo chemicals, or pre-press processes, digital printing packaging is considered an environmentally sustainable printing procedure. Cosmetics, pharmaceuticals, food and beverage, electrical & electronics and other industries have strong need for digital printing for packaging. These factors drives the digital printing and packaging market. Printing on product packaging is a vital aspect for any business since it draws more attention of people to buy their goods. The information on the box must be easily accessible to the buyer in order for him to obtain accurate product information. Digital printing technology is extensively employed across sectors as it produces high-quality package printing. Many firms market their products through elaborate labeling, varied packaging techniques, recyclable materials, and numerous colors. If the packaging is of excellent quality, it implies that the product must meet high standards, which is critical for building and maintaining the brand image.
Variations in raw material costs has a negative impact on the printing industry's profitability. High maintenance costs and the need for qualified operators are further limiting factors for the growth of the digital printing packaging industry. Digital printers are more efficient and produce higher-quality prints than traditional printers. As a result, throughout the projected period, demand for digital printing packaging is predicted to increase. Furthermore, the cheap operational cost of digital printing attracts a large number of clients, propelling the digital printing packaging market forward.
The digital printing packaging market is segmented on the basis of packaging type, printing technology, end-use industry, and region. By packaging type, the market is divided into corrugated packaging, folding cartons, flexible packaging and labels. By printing technology, the market is segmented into inkjet printing and electrophotography printing. By end-use industry, the market is segmented into food & beverage, pharmaceuticals, electronics, personal care & cosmetics and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the digital printing packaging market include DuPont, Eastman Kodak Company, HP Development Company, L.P., Mondi PLC, Multi-Color Corporation (WS Packaging Group Inc), Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V. and Xerox Corporation. Major companies in the market have adopted product launch and acquisition as their key developmental strategies to offer better products and services to customers in the digital printing packaging market.
In comparison to traditional printing, digital printing generates high prints. To print all of the shades, only one pass is necessary. Digital printing technology allows users to make adjustments right up until the moment of printing. As there is no need for water, photo chemicals, or pre-press processes, digital printing packaging is considered an environmentally sustainable printing procedure. Cosmetics, pharmaceuticals, food and beverage, electrical & electronics and other industries have strong need for digital printing for packaging. These factors drives the digital printing and packaging market. Printing on product packaging is a vital aspect for any business since it draws more attention of people to buy their goods. The information on the box must be easily accessible to the buyer in order for him to obtain accurate product information. Digital printing technology is extensively employed across sectors as it produces high-quality package printing. Many firms market their products through elaborate labeling, varied packaging techniques, recyclable materials, and numerous colors. If the packaging is of excellent quality, it implies that the product must meet high standards, which is critical for building and maintaining the brand image.
Variations in raw material costs has a negative impact on the printing industry's profitability. High maintenance costs and the need for qualified operators are further limiting factors for the growth of the digital printing packaging industry. Digital printers are more efficient and produce higher-quality prints than traditional printers. As a result, throughout the projected period, demand for digital printing packaging is predicted to increase. Furthermore, the cheap operational cost of digital printing attracts a large number of clients, propelling the digital printing packaging market forward.
The digital printing packaging market is segmented on the basis of packaging type, printing technology, end-use industry, and region. By packaging type, the market is divided into corrugated packaging, folding cartons, flexible packaging and labels. By printing technology, the market is segmented into inkjet printing and electrophotography printing. By end-use industry, the market is segmented into food & beverage, pharmaceuticals, electronics, personal care & cosmetics and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the digital printing packaging market include DuPont, Eastman Kodak Company, HP Development Company, L.P., Mondi PLC, Multi-Color Corporation (WS Packaging Group Inc), Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V. and Xerox Corporation. Major companies in the market have adopted product launch and acquisition as their key developmental strategies to offer better products and services to customers in the digital printing packaging market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital printing packaging market analysis from 2021 to 2031 to identify the prevailing digital printing packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the digital printing packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global digital printing packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Packaging Type
- Corrugated Packaging
- Folding Cartons
- Flexible Packaging
- Labels
By Printing Technology
- Inkjet Printing
- Electrophotography Printing
By End-User Industry
- Food Beverages
- Pharmaceuticals
- Electronics
- Personal Care Cosmetics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Xeikon N.V.
- WS Packaging Group Inc
- Xerox Corporation
- Mondi PLC
- Eastman Kodak Co.
- Traco Manufacturing, Inc.
- Dupont
- Quad/Graphics Inc.
- Quantum Print and Packaging Ltd.
- HP Inc
- WS Packaging Group, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DIGITAL PRINTING PACKAGING MARKET, BY PACKAGING TYPE
CHAPTER 5: DIGITAL PRINTING PACKAGING MARKET, BY PRINTING TECHNOLOGY
CHAPTER 6: DIGITAL PRINTING PACKAGING MARKET, BY END-USER INDUSTRY
CHAPTER 7: DIGITAL PRINTING PACKAGING MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Digital Printing Packaging Market,' the digital printing packaging market size was valued at $20.6 billion in 2021, and is estimated to reach $49.9 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031. Digital printing is an improved technique compared to traditional printing techniques. Traditional printing techniques include flexo and litho process techniques. Unlike traditional printing techniques, digital printing techniques do not require replacement of printing plates. Therefore, printing efficiency is high and machine cost is reduced.The prints on the product packaging is an important factor for any business as it attracts more customers to buy its products. The information on the packaging must be clearly visible to the customer so that they get the correct product information. Since digital printing technology gives good printing quality on packaging, it is widely used in all industries. Many manufacturers use detailed labels, different packaging techniques, recyclable materials and different colors to advertise their products. If the quality of the packaging is premium, it indicates that the product must be of high quality, which is very important in creating and maintaining a brand image.
Digital printing offers superior print quality compared to traditional printing techniques. Only one pass is required to print all colors. Digital printing technology allows users to make last-minute changes before printing. Digitally printed packages are considered an environmentally friendly printing process as they do not require water, photographic chemicals, or prepress. Demand for digital packaging for packaging is increasing in various industries such as cosmetics, pharmaceuticals, food/beverage, electrical/electronic, etc. These factors are driving the digital printing packagingmarket.
Variations in raw material costs have had a negative influence on the printing industry's profitability. High maintenance costs and the need for a competent operator are some limiting factors in the growth of the digital printing packaging industry.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the digital printing packaging market growth. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
When compared to traditional printing methods, digital printers are more efficient and deliver superior printing quality. As a result, throughout the projected period, demand for digital printing packaging is predicted to grow. Furthermore, the cheap operational cost of digital printing attracts a large number of clients, driving the digital printing packaging market.
The digital printing packaging market is segmented on the basis of packaging type, printing technology, end-use industry, and region. By packaging type, the market is divided into corrugated packaging, folding cartons, flexible packaging and labels. By printing technology, the market is segmented into inkjet printing and electrophotography printing. By end-use industry, the market is segmented into food & beverage, pharmaceuticals, electronics, personal care & cosmetics and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The major players profiled in the digital printing packaging market include DuPont, Eastman Kodak Company, HP Development Company, L.P., Mondi PLC, Multi-Color Corporation (WS Packaging Group Inc), Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V. and Xerox Corporation.Key findings of the Study
- The report provides an extensive analysis of the current and emerging global digital printing packaging market trends and dynamics.
- Depending on packaging type, the earthmoving equipment segment was the largest revenue generator in 2021.
- By printing technology, the printing technology segment generated the highest revenue in 2021.
- By end-use industry, the excavation & demolition segment dominated the market in 2021.
- Region wise, North America is anticipated to dominate the global digital printing packaging market share throughout the forecast period.
- The report provides an extensive analysis of the global digital printing packaging market analysis and emerging opportunities of the market.
- The global digital printing packaging market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- Xeikon N.V.
- WS Packaging Group Inc
- Xerox Corporation
- Mondi PLC
- Eastman Kodak Co.
- Traco Manufacturing, Inc.
- Dupont
- Quad/Graphics Inc.
- Quantum Print and Packaging Ltd.
- HP Inc
- WS Packaging Group, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | May 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 20599.5 million |
| Forecasted Market Value ( USD | $ 49927.84 million |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
