Global Digital Printing Packaging Market Growth Drivers 2024, Forecast To 2033
8 Mar, 2024
The digital printing packaging market has experienced substantial growth, rising from $24.44 billion in 2023 to $26.77 billion in 2024, with a compound annual growth rate (CAGR) of 9.6%. This growth is fueled by customization trends, the need for short-run printing, and the surge of e-commerce and direct-to-consumer brands. Looking forward, the market is anticipated to continue its strong growth trajectory, reaching $38.77 billion by 2028, with a CAGR of 9.7%. Expansion in sustainable packaging practices, increased adoption in the food and beverage industry, and the global shift towards a circular economy are key drivers of this growth. Major trends in the forecast period include advancements in ink and printing technologies, the integration of smart packaging with track-and-trace features, and the application of 3D printing in packaging. Furthermore, the expansion of digital printing into flexible packaging and the use of digital labels for product authentication are expected to shape the market landscape.
Global Digital Printing Packaging Market Key Driver
Increasing demand for cosmetics and personal care products drives the digital printing packaging market. With the global cosmetic market expanding and growing sales of skincare products in the US, there's a rising need for innovative packaging solutions to attract consumers.
Get A Free Sample Of The Global Digital Printing Packaging Market ReportGlobal Digital Printing Packaging Market Segments
The digital printing packaging market covered in this report is segmented –
1) Packaging Type:Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels, Other Packaging Types
2) Printing Inks:Solvent-based, UV-based, Aqueous, Other Printing Inks
3) Printing Technology:Thermal Transfer Printing, Inkjet Printing, Electrophotography And Electrostatic Printing, Other Printing Technologies
4) Format:Full Color Printing, Variable Data Printing, Large Format Printing, Other Formats
5) End-User Industry:Food And Beverages, Pharmaceuticals, Electronics, Personal Care And Cosmetics, Other End-user Industries
By Geography: The countries covered in the digital printing packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Digital Printing Packaging Industry Players
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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Digital Printing Packaging Market Overview
Digital printing packaging is a direct print technology that uses ink applied directly to the product packaging. These applications continue progressing, enabling converters' production flexibility and packaging design innovation for brand owners who want to do their on-demand printing and labeling. It is used to speed up the manufacture of product packaging prototypes, making it easier to test different designs and packaging.