Global Digital Printing Packaging Market Research Report - Forecast to 2027

Digital Printing Packaging Market Information by Packaging Type (Labels, Flexible Packaging, & Other), by Technology (Inkjet, Electrophotography & Others), by Application (Boxes, Cans, Bottles, and Others), by End-User (Food & Beverages, Personal care, Pharmaceuticals, Electronics Goods and Others) and by Region - Forecast to 2027

ID: MRFR/PNT/2065-HCR | February 2021 | Region: Global | 140 pages

Digital Printing Packaging Market Overview


Digital Printing Packaging Market Growth with a projected CAGR of approximately 6 % during the forecast period 2020-2027


Digital Printing Packaging Market is a fast emerging market where the growth is attributed to the multiple benefits of the industry. Also, the Digital Printing Packaging Market Trends are gaining importance and development because of the flexibility in production and the faster marketing timings. On the other side, the need to integrate the digital presses has also been initiating action.
While the main aim of the companies associated with the Digital Printing Packaging Industry is to ensure the on-time delivery of the products, the packaging companies are also dependent upon digital printing solutions. Virtual and smart labeling is also becoming highly popular and brought significant growth in Digital Printing Packaging Market Revenue.


Market dynamics


Growth
Digital printing for the packaging market expects significant Digital Printing Packaging Market Growth with a projected CAGR of approximately 6 %. As a result, the market is also expecting a projected market value of USD 15 billion USD. In addition, various factors govern the growth of digital printing for the packaging market, which is not just limited to the development of the market but also associated with sustainability.


Drivers
Various factors have been acting as drivers in the growth of Digital Printing Packaging Market Size. First, the growing demand for product presentability across different brands has bought a tremendous increase in the development of digital printing for the packaging market. While it's the product's appearance that influences the buyers to a great extent, the digital printing for packaging market has found a new ladder of success for itself.


Restraints
The major restraint in digital printing for the packaging market is the fluctuating prices of the raw material. This hampers the growth of the need to a great extent. The hampered development of the market with these changes in the prices is mainly due to the fluctuating oil prices, which is the base of the raw materials required for the industry.


Regulatory implications
Digital Printing Packaging Market Value does not have severe effects or regulatory implications. Though some stringent rules are laid on the industries directly indirectly related to digital printing for the packaging market, the sector is weaker in terms of growth. While the Digital Printing Packaging Market outlook depends on paper and plastics, the two seem to have strict regulations. Efficient paper use is required, and non-biodegradable plastics have some stringent laws and rules against them. This tends to affect the Digital Printing Packaging Market Share to a great extent.


Competitive Landscape
The major players in digital printing for the packaging market are HP, Mondi, E. I. Du Pont de Nemours & Co, Xerox, Quad/Graphics, Sun Automation, Cenveo, Mark Andy, Dainippon Screen Graphics, Landa Digital Printing, EC Labels, Graphix Labels and Packaging, Hymmen, Edwards Label, Krones, INX International, WS Packaging Group, Quantum Print and Packaging, Minolta, Traco Manufacturing, Hinterkopf, CCL Healthcare, Cyan Tec, Barberan and Heidelberg USA.


All these major players have been working towards bringing growth to the Digital Printing Packaging Market Revenue by introducing the latest innovations. These not only ensure the quality of products and services but also take care of the cost involved. In addition, they have also been boosting the morale of the newcomers in the market with proper guidance and support.


Segmentation
Segmentation of Digital Packaging


Segmentation Overview
The Digital Printing for Packaging Market is classified into the following segments:



  • Based on Packaging Type

  • Based on Technology

  • Based on Application

  • Based on End-User

  • Based on region


Based on Packaging Type



  • Labels

  • Flexible Packaging

  • Other


Based on technolog



  • Inkjet

  • Electrophotography

  • Others


Based on Application



  • Boxes,

  • Cans

  • Bottles

  • Others


Based on end-user



  • Food & beverage

  • Household & cosmetic products

  • Pharmaceuticals and healthcare

  • Others (automotive and electronic industry)


Regional Analysis
The digital printing for packaging market is divided into the following based on the regions:



  • North America

  • Europe

  • Asia pacific

  • Rest of the world.


Asia Pacific dominates the digital printing for packaging market with a CAGR of approximately 12% and also has the most significant Digital Printing Packaging Market Share.
The Digital Printing Packaging Market Size growth is attributed to the increase in the food, beverage, and cosmetic industry—regions like India, China, and Japan.


The European market is also expecting significant growth in the digital printing for packaging market because of the increased growth in the organized retail sector. Other factors that result in the development of digital printing for the packaging market are increased employment in the region, flexible monetary policies by the government, and a boost in the investor Digital Printing Packaging Market Value.


COVID-19 analysis
COVID-19 has brought some severe complications in the lives of every individual and even the business. While this is not the time to sit back and worry about the loss and the future functioning of the company, the essential thing that needs to be done is ensuring to follow the steps that would bring the efficiency of work back in the business. The experts' reports have every element that an organization would need to recover from the loss and guide themselves towards success and efficient working.


Recent Developments
Here are some of the recent advancements in digital printing for the packaging market:



  • 1HP launched a new series of print solutions in October 2020 for the healthcare industry. It includes a new edition of the MFP keyboard and touch-enabled panels, which reduces the risk of transmission of hospital-related infections.

  • Kotak launched SONORA NX2 process plate in April 2020, which was aimed to bring efficiency in the printing solutions. Apart from efficient working, it also ensures reduced costs and lesser printing time.

  • The Thimm packaging group sold one of its production sites in Puebla to Tri wall group in October 2020. This was done to ensure that the reusable multi-material packaging and single-use packaging can be supplied to all the customers in North America. In addition, the company also intends to provide more focus on the development of the domestic Digital Printing Packaging Market Trends in Europe.

  • Xeikon PX3000 digital printer was launched in March 2017 by Xeikon to allow multiple printing at much higher speed.

  • HP inc and Elanders AD collaborated in February for the expansion of its LSI in Germany.


Report Overview
The industry experts have prepared the report prepared exclusively for the digital printing for packaging market after studying and examining the market. The information has an overview of the market and the market analysis based on the pandemic effect. The market dynamics have also been discussed in detail in the report, including the growth factors, the drivers, and the factors that hamper the Digital Printing Packaging Market Growth.


The regulatory implications have also been included in the report. The segmentation of the market based on various factors, including the regions, has also been part of the report. The market’s major players have also been described in detail and the strategies they have been following to reach the top. Also, the recent developments of the market have been included to ensure that the companies can make the best use of the latest innovations. This also ensures that the companies can utilize the most recent technologies to bring improvement to their own business. Soon the market will grow its revenues.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   CAGR of 10.5% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Packaging Type, Technology, Application and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   W S Packaging Group, Inc. (U.S.), Weber Packaging Solutions Inc. (U.S.), Xerox Corporation (U.S.), Xeikon N.V. (Netherlands), Hewlett-Packard Inc. (U.S.), Mondi Group (South Africa), E.I. du Pont de Nemours and Company (U.S.), Quad Graphics, Inc. (U.S.), Labels in Motion (U.S.), Reel Appeal Limted (U.K.)
  Key Market Opportunities   fluctuations in raw material prices
  Key Market Drivers   increasing demand from the food & beverages and personal care industries


Frequently Asked Questions (FAQ) :


The APAC region is estimated to lead the charge for development in the upcoming years.

The diversification in applications of digital printing is estimated to open up the market’s growth potential.

Xeikon N.V. (Netherlands), Xerox Corporation (U.S.), Hewlett-Packard Inc. (U.S.), and Mondi Group (South Africa) are inspiring the development of the market.

A CAGR of 10.5% is predicted to create a favorable prospect for growth in the forecast period.

Type, application, technology, end-user and region are the segments created for analyzing the market.