Digital Printing for Packaging Market to Hit 10.58% to 2021

The Digital Printing for Packaging Market Research Report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players.

About Digital Printing for Packaging market
Marketsizeforecasters.com adds new global digital printing market for packaging market report that lists top active companies as DuPont, Flint, HP, and Xerox.

Other Prominent Vendors in the market are: Anglia Labels, Cenveo, SCREEN Holdings, EC Labels, Edwards Label, Graphix Labels & Packaging, INX International Ink, Kodak, Mondi, and WS Packaging.

Research analysts forecast the global digital printing market for packaging to grow at a CAGR of 10.58% during the period 2017-2021.

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Commenting on the report, an analyst team said: The latest trend gaining momentum in the market is shift from labels to other packaging types. The digital printing market for packaging is moving from labels to other packaging types. This is evident from the reduction in market shares and the low growth rate of labels during the forecast period.

The listed pricing for this Digital Printing for Packaging Market report starts at $ 3500.
Request Discount for Digital Printing for Packaging Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/18220

According to the report, one of the major drivers for this market is increased demand for premium packaging. Premium packaging has high unit cost and is targeted toward specific customers. High preference is given to product design and appearance by investing more money. The premium packaging market was approximately worth $15 billion in 2016. Premium packaging is mainly used for cosmetics, alcoholic drinks, and household items. Cosmetic segments had the highest market share by revenue of around 40%, followed by alcoholic drinks in 2016. The increased demand for premium packaging for products, such as cosmetics and household items is mainly from developed and mature markets such as the US, Japan, and Western Europe.

Further, the report states that one of the major factors hindering the growth of this market is dominance of analog technology. Analog printing holds the largest share of the global printing market for packaging. In 2016, the share of analog printing in packaging was 91.47%. It is a traditional way of printing for packaging and labeling and includes several processes, such as letterpress, xylography, flexography, lithography, and offset labeling. Most of the packaging and labeling companies use this method of printing because of its various advantages.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For Digital Printing for Packaging Market Report of 70 pages https://marketsizeforecasters.com/global-digital-printing-market

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This release was published on openPR.