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Digital Printing Packaging Market 2023 - By Size, Share, Growth, Analysis, Trends And Forecast To 2032
Digital Printing Packaging Market
The Business Research Company's Digital Printing Packaging Global Market Report 2023 identifies increasing demand for cosmetics and personal care as the major driver for the Digital Printing Packaging market's growth in the forecast period. Cosmetics and personal care refer to products used on the human body to clean, enhance, make it more appealing, or otherwise alter its look. Digital printing helps personal care and cosmetics manufacturers market both the company's brand and the product, allowing them to do more lucrative design printing on the product to reach the maximum targeted audience and deliver a more rapid turnaround than conventional solutions.
The global digital printing packaging market size is expected to grow from $22.28 billion in 2022 to $24.44 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of digital printing packaging market is expected to reach $34.98 billion in 2027 at a CAGR of 9.4%.
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Major competitors in the Digital Printing Packaging market are Canon Inc., Hewlett-Packard Development Company L.P., Fujifilm Holdings Corporation, Amcor Limited, DuPont de Nemours Inc., DS Smith plc..
A key trend in the Digital Printing Packaging market includes technological advancements. Major companies operating in the digital printing and packaging markets are developing innovative technologies to strengthen their position in the market. For instance, in October 2022, Comexi Group, a Spain-based manufacturer and distributor of machinery solutions for the flexible packaging market, launched Digiflex, a digital printing technology machine. This is designed for flexible packaging and label converters to print variable data on products for marking applications that provide fast printing speeds, excellent quality outcomes, and high performance and production.
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The Digital Printing Packaging market is segmented -
• By Packaging Type: Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels, Other Packaging Types
• By Printing Inks: Solvent-based, UV-based, Aqueous, Other Printing Inks
• By Printing Technology: Thermal Transfer Printing, Inkjet Printing, Electrophotography And Electrostatic Printing, Other Printing Technologies
• By Format: Full Color Printing, Variable Data Printing, Large Format Printing, Other Formats
• By End-User Industry: Food And Beverages, Pharmaceuticals, Electronics, Personal Care And Cosmetics, Other End-user Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Digital Printing Packaging market.
The Business Research Company's "Global Digital Printing Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Digital Printing Packaging Market Include:
1. Executive Summary
2. Digital Printing Packaging Market Characteristics
3. Digital Printing Packaging Market Trends And Strategies
4. Digital Printing Packaging Market - Macro Economic Scenario
5. Global Digital Printing Packaging Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
………………………………….
32. Global Digital Printing Packaging Market Competitive Benchmarking
33. Global Digital Printing Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Printing Packaging Market
35. Digital Printing Packaging Market Future Outlook and Potential Analysis
36. Appendix
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