Global Digital Printing Packaging Market to be Dominated by Solvent-Based Segment Through 2028
Growing demand from the
end-user industries to drive the growth for the global digital printing
packaging market in the forecast period, 2024-2028.
According to TechSci Research report, “Global Digital printing packaging Market- By
Region, Competition Forecast and Opportunities, 2018-2028”, global digital printing packaging market is
projected to grow at an impressive rate in the forecast period, 2024-2028. This
can be ascribed to the option of printing on demand associated with digital
packaging. This option helps in reducing the waste and ensures that changes in
the new packaging and graphic designs would not result in unused stock.
Besides, there are numerous advantages with digital printing packaging such as
ability to produce short print runs economically and in a faster duration.
Furthermore, growing demand
for sustainable packaging solutions is further driving the growth of global
digital printing packaging market. Digital printing packaging does not use
photo chemicals or film plates, thereby eliminates the stages between digital
document file and final print. Also, the use of digital prevents the
replacement of plates thereby not only saves cost but also saves a lot of time.
The requirement of a
significant initial investment, installation & maintenance costs of digital
printing packaging are significantly higher, and the price of ink for printing
is very high. These are some of the factors that restrain the growth of global
digital printing packaging market. Also, fluctuating costs of raw materials
further slows down the market growth during the forecast period.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on "Global Digital Printing Packaging Market"
Global digital printing
packaging market is segmented based on printing ink, printing technology,
format, packaging type, end user industry, region, and company.
Based on printing ink, the
market is divided into solvent-based, UV-based, aqueous, and others. The
solvent-based segment will hold the largest market share in 2022. Due to its
fade-proof, waterproof, and scratch-resistant, it is used for printing products
that are used to stored or published outside. Demand from various industries is
growing to fulfill their needs. It is a comparatively economical kind of ink
that works with digital printers. All these factors make the solvent-based
segment dominate the market.
Based on printing
technology, the market is categorized into thermal transfer printing, inkjet
printing, electrophotography & electrostatic printing, and others. The
inkjet printing segment will hold the largest market share in 2022. This
technology allows for the creation of numerous pieces on a single print bed and
prints clear and smoother details due to increased print head resolution. Due
to its low cost of the machine, capability to produce virtuous quality output
at a low maintenance cost, smaller size, and fast printing capabilities, it is
more demanded by the manufacturer and dominates the segment.
Based on the end-user
industry, the market is divided into food & beverage, pharmaceutical &
healthcare, household & cosmetic products, and others. As per estimates,
the food & beverage segment will experience the highest market share during
the forecast period. The growing need for product differentiation and labeling
to authenticate items supports the growth of the printing industry in the food
and beverage packaging segment. Apart from these, it helps in increasing the
shelf life, and creating prostatic visuals of products is propelling the
digital printing packaging market growth.
Major companies operating
in global digital printing packaging market are:
- CCL Industries, Inc.
- Quad/Graphics Inc.
- DS Smith plc
- Smurfit Kappa Group plc
- Printpack, Inc.
- Thimm The Highpack Group
- Krones AG
- EPAC Holdings, Inc.
- Nosco Inc.
- Quantum Print & Packaging Ltd.
Download Free Sample Report
Customers can also
request for 10% free customization on this report.
" Asia- Pacific region is expected to register the highest
growth in the global digital printing packaging market in the coming years
owing to its increasing manufacturing unit, growing economies, and growing
healthcare and electronic sector in the region. The presence of massive
consumer goods marketplaces in this region and rising people's affluence
towards the sustainable packaging options are some of the reasons driving the
market growth in the region.
Furthermore, the shifting inclination of
manufacturers toward digital printing over conventional printing methods for
excluding various pre-press stages between files and final goods and inhibiting
wastage are vital factors for propelling the market share and creating
favorable conditions to drive the global digital printing packaging market
growth till 2028." said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Digital Printing Packaging
Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Printing
Ink (Solvent-Based, UV-based, Aqueous, Others), By Printing Technology (Thermal
Transfer Printing, Inkjet Printing, Electrophotography & Electrostatic
Printing, Others), By Format (Fill Color Printing, Variable Data Printing, Large
Format Printing, Others), By Packaging
Type (Corrugated, Folding Cartons, Flexible Packaging, Others), By End User
Industry (Food & Beverage, Pharmaceutical & Healthcare, Household &
Cosmetic Products, Others), By Company, By Region, and Competition,
has evaluated the
future growth potential of global digital printing packaging market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global digital printing packaging market.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com