Digital Printing Packaging Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Digital Printing Packaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $38.77 billion In 2028 At A CAGR Of 9.7%.

The digital printing packaging market size has grown strongly in recent years. It will grow from $24.44 billion in 2023 to $26.77 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to customization and personalization trends, short-run printing requirements, rise of e-commerce and d2c brands, brand differentiation and visual appeal, quick time-to-market..

The digital printing packaging market size is expected to see strong growth in the next few years. It will grow to $38.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to expanding sustainable packaging practices, increased adoption in food and beverage industry, rising demand for variable data printing, global shift towards circular economy.. Major trends in the forecast period include advancements in ink and printing technologies, smart packaging with track-and-trace features, digital labels for product authentication, application of 3d printing in packaging, expansion of digital printing in flexible packaging..

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Digital Printing Packaging Market Major Segments
The digital printing packaging market covered in this report is segmented -

1) By Packaging Type: Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels, Other Packaging Types
2) By Printing Inks: Solvent-based, UV-based, Aqueous, Other Printing Inks
3) By Printing Technology: Thermal Transfer Printing, Inkjet Printing, Electrophotography And Electrostatic Printing, Other Printing Technologies
4) By Format: Full Color Printing, Variable Data Printing, Large Format Printing, Other Formats
5) By End-User Industry: Food And Beverages, Pharmaceuticals, Electronics, Personal Care And Cosmetics, Other End-user Industries

Key Driver - Digital Printing Packaging Market Set To Flourish With Rising Demand In Cosmetics And Personal Care Sector

Increasing demand for cosmetics and personal care is expected to boost the growth of the digital printing packaging market going forward. 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. For instance, in 2021, according to an annual report published by L'Oréal S.A., a France-based cosmetic company, the worldwide cosmetic market stood at 8.2%, up from 5.5 % in 2019 Moreover, in January 2021, according to an article shared by Automat.ai, a Canada-based business service, software, and computer software company, in the US, sales of skincare products increased by 13% last year, while sales of makeup items increased by 1%. Therefore, increasing demand for cosmetics and personal care is driving the growth of the digital printing packaging market.

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Prominent Trend - Technological Advancements Drive Innovation In Digital Printing Packaging Market

Technological advancements have emerged as the key trend gaining popularity in the digital printing packaging markets. 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. The machine has a shorter set-up time, a maximum speed of 220 m/min, less material waste, and a shorter lead time. Each printed code is potentially unique and contains unique information, offering traceable material information and personalizing items based on the user's needs.

Digital Printing Packaging Market Players
Major companies operating in the digital printing packaging market report are Canon Inc., Hewlett-Packard Development Company L.P., Fujifilm Holdings Corporation, Amcor Limited, DuPont de Nemours Inc., DS Smith plc., Dover Corporation, Huhtamaki Oyj, CCL Industries Inc., Barry-Wehmiller Companies Inc., Flint Group, Heidelberger Druckmaschinen AG, Mondi plc., Agfa-Gevaert N.V., Constantia Flexibles Group GmbH, Bobst Group SA, Electronics For Imaging Inc., Konica Minolta Inc., Koenig & Bauer AG, Eastman Kodak Company, Coveris Holdings S.A., Komori Corporation, INX International Ink Co., Mimaki Engineering Co. Ltd., Esko-Graphics BVBA, Mutoh Holdings Co. Ltd., Durst Group, Edwards Label, Landa Corporation, EC Labels Ltd

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the digital printing packaging market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the digital printing packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Printing Packaging Market Report Structure
3. Digital Printing Packaging Market Trends And Strategies
4. Digital Printing Packaging Market - Macro Economic Scenario
5. Digital Printing Packaging Market Size And Growth
…..
27. Digital Printing Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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