The digital printing packaging market is driven by increasing demand from the food and beverage and personal care industries. Digital printing is faster and more economical and has increased the popularity of digital printing packaging. According to Trends Market Research (TMR), the market is expected to grow at a rate of 14.73% CAGR by 2026.
According to TMR’s report, based on the type of packaging, labels accounted for the largest market share and are expected to grow at a significant rate during the forecast year. This development is due to its application in several types of packaging variables.
In terms of end users, the food and beverage industry is expected to grow at a higher rate due to the high demand for food packaging and the growing trend of printing variable data on food packaging to communicate the composition, shelf life and nutritional values. product value. The high degree of customization required in the food industry is suitably supported by the functionalities offered by digital printing techniques, allowing a unique synchronization between two major market segments.
Printing technology accounts for the largest market share and is expected to grow at a moderate CAGR during the forecast period. This development can be attributed to its ability to print superior quality images that withstand various climatic conditions. In 2015, the variable data printing business of the format segment formed a larger share of the digital printing packaging market. This is expected to increase at a higher rate during the forecast period due to its ability to produce custom prints without slowing down the process, significantly reducing printing and labor costs.
The Asia-Pacific region accounted for a higher share of the total digital printing packaging market, in terms of value, due to manufacturers’ focus on new low-cost packaging printing options. But as the digital printing packaging market in established countries matures, the markets of India and China are expected to grow at higher rates from 2016 to 2021. The region is also expected to register the development on the higher during the estimated period due to the growth of the region. online retail sales and the growth of convenient packaging in the food industry.
This report includes the profiles of the companies that dominate the digital printing packaging market such as HP, Xerox, Kodak, Quad / Graphics, Mondi, among others.
For more details, visit Market research on trends site.
/ news / digital-printing-packaging-market-to-grow-at-1473-cagr-by-2026-54899
Digital Printing Packaging Market Expected To Grow At 14.73% CAGR By 2026