Global Digital Print Packaging Industry Expected to Reach $45.1 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “global digital printing packaging market by printing inks (solvent-based, UV-based, aqueous), printing technology, format, packaging type (corrugated, cartons folders, flexible packaging, labels), end-use industry and “Region – Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The global digital printing packaging market is expected to grow from USD 29.4 Billion in 2022 to USD 45.1 Billion by 2027, growing at a CAGR of 8.9% from 2022 to 2027.

Growth in the packaging printing industry, demand for aesthetic appeal, product differentiation, and technological advancements are some of the drivers of the digital printing packaging market. Rising demand for variable data printing is an opportunity for the digital packaging printing market. There is an increasing demand for economical, sustainable and innovative printing technologies.

Inkjet printing will be the fastest growing printing technology in the digital printing packaging market

The inkjet printing system, also known as binder jet technology, involves the selective deposition of a liquid binder to join the powder particles; the layers of powdered material are bonded together to form an object. Inkjet printing does not use heat in the printing process, unlike other technologies where heat can create residual stress in parts. This system allows the construction of several different parts on a single print bed and prints finer and smoother details thanks to a higher printhead resolution.

The inkjet printing system has been prevalent in the printing market since 1951 and the extensive use of this technology began in the late 1970s. The growth of this technology is attributed to the introduction of a high-speed commercial color inkjet printing system. Other factors for the increasing adoption of inkjet printers are the low cost of the machine, the ability to produce good quality printing at low maintenance cost, small size and fast printing.

The color printing segment will be the second largest digital printing packaging format during the forecast period

Color printing uses the four basic ink colors: cyan, magenta, yellow and black, to create different color combinations. These are called process colors. Color printing increases communication accuracy. It allows the printing of more vivid and complex images with different shades, patterns and color transitions than traditional screen printing and can be used on a variety of surfaces.

Europe will be the third largest market for digital packaging printing

The demand for digitally printed packaging is expected to be supported by the growth of industries such as cosmetics and industrial manufacturing. The digital printing packaging market in Europe is expected to show steady growth over the forecast period owing to increasing spending on consumer packaged goods and growth in industrial activities. The focus on reducing packaging waste and food waste will also drive the market for digital printing packaging as it is cost effective and reduces waste by increasing the shelf life of products.

Due to technological developments in countries such as Germany, UK, Italy, and France, the digital printing packaging market in these countries is expected to grow at a steady rate compared to other European countries.

Market dynamics

Drivers

  • Growing demand for durable printing

  • Growing demand for flexible packaging

  • Profitability

Constraints

  • Commodity Price Fluctuations

Opportunities

  • Emerging economies offer significant growth opportunities

  • Investment in R&D activities

Challenges

  • Compliance with strict regulations

Companies cited

  • CCL Industries Inc.

  • Cenveo Worldwide Limited

  • Colordruck Baiersbronn

  • Constantia Hoses

  • Creative Labels Inc.

  • DS Smith

  • Elander AB

  • ePac Holdings, LLC.

  • Huhtamaki

  • Krones AG

  • Nosco, Inc.

  • Packman Private Packaging Limited

  • printing package

  • Quad/Graphics, Inc.

  • Quantum Print & Packaging Ltd.

  • Reynders Label Printing

  • Schumacher packaging

  • Kappa Smurf

  • Stora Enso

  • Sun Printing Solutions

  • Custom Label Products, Inc.

  • Thimm the Highpack group

  • Traco Packaging

  • Weber Packaging Solutions

  • Xymoprint

For more information about this report visit https://www.researchandmarkets.com/r/tf2gla