The global market for digital printing packaging is projected to grow from USD 10.15 billion in 2015 to reach USD 42.11 billion by 2026, at an estimated CAGR of 13.9%. In Asia-Pacific, China is the largest consumer for digital printing packaging, followed by Japan. Emerging markets, such as the Asia-Pacific region, have contributed to an increase in the application of digital printing in packaging products. Digital printing packaging not being suitable for heavy items is the strongest restraint for the industry.
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Labels are high-quality, colored, custom digital stickers that are used for branding products. Digitally printed labels can be produced on various label materials such as paper and film. Labels can be used for displaying sequential barcodes and numbering, variable text, titles, or graphics and add substantial value to the product. Some other benefits of digital labels include availability of vibrant colors, reduced packaging costs, and reduced turnaround time.
- Manufacturers of digital printing packaging
- Importers and exporters of digital printing packaging
- Traders, distributors, and suppliers of digital printing packaging
- End users (food & beverage, healthcare, and cosmetics & toiletries industries)
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for digital printing packaging, followed by Japan. China, with its growing food & beverage and healthcare industries, is expected to drive the digital printing packaging market. Japan, with its growing inclination toward convenient products, is expected to impact the digital printing packaging market in the Asia-Pacific region.
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Labels can be used for displaying sequential barcodes and numbering, variable text, titles, or graphics and add substantial value to the product. Some other benefits of digital labels include availability of vibrant colors, reduced packaging costs, and reduced turnaround time.
The various suppliers of digital printing packaging and related products in the report are as follows:
- HP Inc. (U.S.)
- E.I. du Pont de Nemours and Company (U.S.)
- Xerox Corporation (U.S.)
- Mondi PLC (South Africa)
- Quad/Graphics, Inc. (U.S.)
- Eastman Kodak Co. (U.S.)
- Xeikon N.V. (Netherlands)
- Quantum Print and Packaging Ltd. (U.K.)
- WS Packaging Group, Inc. (U.S.)
- Traco Manufacturing, Inc. (U.S.)
The study analyzes competitive developments such as partnerships, agreements, contracts, and joint ventures; mergers & acquisitions; expansions; new product developments; and research & development activities in the digital printing packaging market.
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The research methodology used to estimate and forecast the market size included the top-down approach. The total market size for digital printing packaging was calculated, and accordingly, the percentage was allotted to different sectors in each of the segments. This allotment and calculation were done on the basis of extensive primary interviews and secondary research.
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