Digital Printing Packaging Market 2019: E-Commerce and Food & Beverages Industry Boosting Rapid Growth

The global digital printing packaging market was valued at USD 13,782.3 million in 2018 and is expected to reach USD 44,532.6 million in 2026, growing at a CAGR of 16.03% from 2019 to 2026.

The growth of the digital printing packaging market is primarily driven by the rapid growth in e-commerce, and food & beverages industry. Moreover, growing industry competition is forcing manufacturers to focus on offering the aesthetically appealing product. This process offers benefits of economic production of packaging materials for small batches. Additionally, the growing trend of flexible packaging is anticipated to provide a further boost for this industry. Moreover, the growing number of investment for the development of digital printing packaging is further expected to enhance the growth for the manufacturers to operate in the global digital printing packaging market over the coming years. Furthermore, the rapid growth in the manufacturing sector, in addition, to increase in average individual disposable income will change the lifestyle of the consumer. This expected to drive the demand in the packaging industry, which ultimately increases the demand for the digital printing packaging market.

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The rapid growth in e-commerce, and food & beverages industry and growing industry competition is forcing manufacturers to focus on offering the aesthetically appealing product are expected to drive the growth of the digital printing packaging market in upcoming years.

However, the continuous fluctuation in the raw material prices and intense competition in the market are the main restraining factors in the market over the forecast period.

Key Findings:
Based on the technology, the inkjet segment accounted for nearly 40% of the share in the global digital printing packaging market in 2018.
Based on packaging type, the flexible packaging segment is expected to grow at a CAGR of around 19% during the forecast period
Based on the application, the food & beverage segment is expected to dominate during 2019 to 2026
Asia-Pacific accounted for nearly 35% share of the global digital printing packaging market in 2018

Recent News:
In April 2019, Tetra Pak launched connected packaging platform, which will enabled milk and juice cartons to act as full-scale data carriers and digital tools
In April 2018, Uteco Group and Kodak launched the new Sapphire EVO digital printing press and aqueous inks for flexible packaging

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This release was published on openPR.