Global Digital Printing Packaging Market: Rising Demand for Consumer Products to Offer Lucrative Opportunities

A new market intelligence study by Transparency Market Research offers a complete overview of the global digital printing packaging market. The research study titled “Digital Printing Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” throws light on the major factors that are estimated to influence the growth of the market throughout the forecast period. Moreover, the segmentation on the basis of product, application, and geography has been provided in the scope of the research study to provide a clear understanding of the market.

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As per the research report, the global market for digital printing packaging is anticipated to exhibit a progressive growth in the next few years. The increasing demand for a large number of consumer products with the need for low cost and effective printing technology is the major factor predicted to accelerate the growth of the market in the coming years. Furthermore, the growing demand for flexible packaging and sustainable packaging are likely to augment the overall market in the near future.

On the flip side, the changing prices of raw material and the high cost of manufacturing are expected to curb the growth of the global digital printing packaging market over the forecast period. Nonetheless, technological advancements and the emergence of new products are estimated to offer promising growth opportunities for prominent players operating in the global digital printing packaging market.

According to the research report, Asia Pacific is anticipated to account for a massive share of the global market in the next few years and attain a leading position. By the end of 2020, this region is predicted to hold a share of 45% of the market, thanks to the enormously rising demand for digital printing packaging. Furthermore, a significant share of the global market for digital printing packaging is expected to be held by Europe in the forecast period, owing to the growing demand from the food and beverages industry. On the other hand, Latin America, North America, and the Middle East and Africa are projected to experience a steady growth in the next few years.

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Some of the prominent players operating in the digital printing packaging market across the globe are Mondi PLC, Quantum Print and Packaging Limited, Xerox Corporation, Traco Manufacturing, Inc., HP Inc., Eastman Kodak Company, W S Packaging Group, Inc., and Xeikon N.V. The rising demand for digital printing across diverse industries is anticipated to encourage the growth of the overall digital printing packaging market in the forecast period. As per the study, the competition among the players is predicted to rise substantially in the near future.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.