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Digital Printing Packaging Market Remarkable 9.1% CAGR Growth by 2031 | HP, Dupont, Xeikon N.V

09-20-2023 07:27 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Digital Printing Packaging Market

Digital Printing Packaging Market

The Digital Printing Packaging Market 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 global digital printing packaging market size was valued at $20.6 billion in 2021, and is projected to reach $49.9 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031

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Traco Manufacturing, Inc., Mondi PLC, Quad/Graphics Inc., WS Packaging Group Inc, Dupont, Quantum Print and Packaging Ltd., Xerox Corporation, WS Packaging Group, Inc., HP Inc, Xeikon N.V., Eastman Kodak Co.

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.

Traditional packaging methods often limit design flexibility, consume time, and are less eco-friendly. In contrast, digital printing packaging allows for customization, rapid production, and reduced waste. These advantages have fueled its rapid adoption across various sectors such as food and beverage, cosmetics, pharmaceuticals, and more.

Digital printing enables brands to create eye-catching designs and personalized packaging that resonate with their target audience. Sustainability is no longer a trend but a necessity. Digital printing minimizes material wastage and supports environmentally friendly practices, aligning with the growing demand for eco-conscious packaging solutions. As technology advances, the cost of digital printing equipment has decreased, making it accessible to small and medium-sized businesses. This democratization of technology has expanded the market further. Traditional printing methods often involve long setup times, whereas digital printing allows for on-demand and short-run production, reducing lead times and enabling rapid response to market trends.

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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.

Digital printing is instrumental in the development of smart packaging, which integrates technology like QR codes, NFC tags, and RFID sensors to provide consumers with valuable information and interactive experiences. Brands are leveraging digital printing to create AR-enabled packaging, offering immersive experiences and storytelling, blurring the lines between the physical and digital worlds. Customization is a hallmark of digital printing packaging. Brands can tailor packaging to specific customer segments or even individual consumers, fostering a deeper connection and loyalty. Digital printing enables the incorporation of security features like holograms and invisible ink, enhancing product security and authenticity verification.

With its blend of customization, sustainability, and cost-efficiency, digital printing packaging is driving innovation across various industries. As technology continues to evolve and consumer expectations rise, we can only anticipate that the future of packaging will be even more dynamic, immersive, and sustainable. Brands and businesses that embrace these changes are likely to thrive in this evolving landscape, where packaging is no longer just a vessel but a canvas for creativity and connection.

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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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