The global digital printing packaging market size reached US$ 21.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Digital Printing Packaging Market Size in 2022
US$ 21.0 Billion
Digital Printing Packaging Market Forecast in 2028
US$ 32.6 Billion
Digital Printing Packaging Market Growth Rate 2023-2028
Digital printing packaging is a technology that primarily prints packaging materials using electronic control laser and inkjet printers. It involves transferring a digital file directly to a printer for applications on packaging materials. The digital files are further converted into the CMYK color system to communicate more accurate color output from the screen to the substrate. As compared to traditional printing, digital printing does not require the replacement of printing plates, offers enhanced printing efficiency, higher quality, and cost-effectiveness, and involves the use of various technologies. As a result, digital printing packaging finds extensive applications across the electronics, pharmaceutical, personal care, and food and beverage (F&B) industries.
Digital Printing Packaging Market Trends:
The rising demand for sustainable packaging solutions due to the increasing environmental consciousness is creating a positive outlook for the market. Digital printing packaging can produce short print runs economically, which helps reduce waste and the adverse impact on the environment. Apart from this, significant developments in inkjet and electrophotography printing technologies that help improve the efficiency of the work process and enable quicker and more innovative marketing are providing an impetus to the market growth. Moreover, the rising electrostatic printing, signifying their ability to print images impeccably in quality with outstanding resistance to withstand various climatic conditions, is facilitating the market growth. Furthermore, the surging working population, rising disposable incomes, and hectic lifestyles have led to the rising consumption of fast food and ready-to-eat (RTE) products, which, in turn, is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers, widespread adoption in the personal care and cosmetics industry, and extensive research and development (R&D) activities, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital printing packagingmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on printing inks, packaging type, format, printing technology and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being DS Smith plc, Eastman Kodak Company, EC Labels Ltd., Edwards Label, Hewlett-Packard Development Company L.P., INX International Ink Co. (Sakata Inx Corporation), Mondi plc, Quad, Thimm Holding Gmbh & Co. Kg, Traco Manufacturing Inc., Xeikon B.V. (Flint Group), Xerox Holdings Corporation.
Base Year of the Analysis
Printing Inks, Packaging Type, Format, Printing Technology, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report
The global digital printing packaging market was valued at US$ 21.0 Billion in 2022.
We expect the global digital printing packaging market to exhibit a CAGR of 7.4% during 2023-2028.
The rising utilization of digital printing packaging across various industries, such as electronics, pharmaceutical, personal care, etc., as it offers enhanced printing efficiency, higher quality, and cost-effectiveness, and involves the use of various technologies over traditional printing, is primarily driving the global digital printing packaging market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for digital printing packaging.
Based on the printing inks, the global digital printing packaging market can be segmented into solvent-based, UV-based, and aqueous. Currently, solvent-based holds the largest market share.
Based on the format, the global digital printing packaging market has been divided into full color printing, variable data printing, large format printing, and others. Among these, variable data printing currently exhibits a clear dominance in the market.
Based on the printing technology, the global digital printing packaging market can be categorized into inkjet printing, electrophotography printing, and others. Currently, inkjet printing accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global digital printing packaging market include DS Smith plc, Eastman Kodak Company, EC Labels Ltd., Edwards Label, Hewlett-Packard Development Company L.P., INX International Ink Co. (Sakata Inx Corporation), Mondi plc, Quad, Thimm Holding Gmbh & Co. Kg, Traco Manufacturing Inc., Xeikon B.V. (Flint Group), Xerox Holdings Corporation, etc.
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