Digital Printing Packaging Market Expected to Reach $42.11 Billion by 2026 – Covering Printing Inks, Coatings and Related Industries

Marketsandmarkets.com presented its latest report, report, “Digital Printing Packaging Market by Packaging Technology (Thermal Transfer, Electrophotography and Electrostatic, Inkjet), Packaging Type (Labels, Flexible Packaging) , Ink Type, Print Format, Application and Region – Global Forecast to 2026.” According to the report, the digital printing packaging market size is expected to grow from $11.42 billion in 2016 to $42 billion. , 11 billion by 2026, with a CAGR of 13.9%.[ortreport”DigitalPrintingPackagingMarketbyPackagingTechnology(ThermalTransferElectrophotography&ElectrostaticInkjet)PackagingType(LabelsFlexiblePackaging)InkTypePrintingFormatApplicationandRegion-GlobalForecastto2026″Accordingtothereportthedigitalprintingpackagingmarketsizeisprojectedtogrowfrom$1142billionin2016toreach$4211billionby2026ataCAGRof139%[ortreport“DigitalPrintingPackagingMarketbyPackagingTechnology(ThermalTransferElectrophotography&ElectrostaticInkjet)PackagingType(LabelsFlexiblePackaging)InkTypePrintingFormatApplicationandRegion-GlobalForecastto2026”Accordingtothereportthedigitalprintingpackagingmarketsizeisprojectedtogrowfrom42billionin2016toreach11billionby2026ataCAGRof139%

The global digital printing packaging market is witnessing a demand owing to the increase in manufacturing activities. The market is driven by factors such as strong growth in demand from the food and home care sectors. The growth of the healthcare sector and the popularity of the use of convenient packaging are the major drivers of the digital printing packaging market.

The food and beverage segment is estimated to be the fastest growing segment in 2015. The demand for digital printing packaging is witnessing high demand from the food and beverage industry. beverages, primarily due to growing demand for packaged and branded products. Rising demand for product differentiation and labeling for their authentication is driving the growth of the printing market in the food and beverage packaging segment

The digital printing packaging market, on the basis of packaging type, is categorized into labels, flexible packaging, corrugated, folding and other cartons, which include rigid plastic packaging and metal packaging. The label segment accounted for the largest share in 2015 owing to its numerous applications such as displaying barcodes and sequential numbers, variable text, titles or graphics, and added substantial value to the product.

Asia-Pacific, with emerging economies such as China and India, is expected to drive the digital printing packaging market. China is expected to account for the largest market share and dominate the digital printing packaging market in Asia-Pacific in 2021. Growing healthcare, food and beverage industries are expected to drive the demand for packaging digital printing in China. In addition to this, the country’s large consumer base, overall positive economic environment and increasing manufacturing activities will drive the demand in the packaging industry.