Recent Developments in Digital Printing to Bolster Digital Printing Packaging In
Posted by sagark on January 14th, 2020
Global Digital Printing Packaging Industry by Packaging Type (Labels, Flexible Packaging, & Other), by Technology (Inkjet, Electrophotography & Others), by Application (Boxes, Cans, Bottles, and Others), by End-User (Food & Beverages, Personal care, Pharmaceuticals, Electronics Goods and Others) and by Region - Forecast to 2023
Digital Printing Packaging Industry Drivers and Restraints
Digital Printing Packaging Industry has observed a tectonic surge over the past few years due to the massive demand from the personal care and F&B industries. As digital printing is more cost-effective and time savings, it is widely in practice. It also helps to cover complete information while offering improved print quality compared to other techniques. Such factors are expected to dictate the growth trajectory of the market across the globe. Digitally printed packages also help to enable faster marketing, improve the workflow, and allows innovative marketing. The recent developments in digital printing tactics for carton creasing, carton cutting, and other finishing technologies have broadened the application area in corrugated packaging, folding cartons, and flexible packaging. Packaging substrates like cartons, labels, and corrugated boxes have further provided the eye-catching commercialization to draw influence on the consumers. One of the latest trends in the Digital Printing Packaging Industry is the custom caps which unfastens colorful choices for the brand proprietors. This is expected to influence the market growth positively over the assessment period. Industries are likely to produce new products in cosmetics, electronics, alcoholic drinks, soft drinks, and household items which demand premium packaging. This is expected to create potential growth opportunities for the market in the foreseeable future.
Global Digital Printing Packaging Industry, according to the analysis of Market Research Future (MRFR), is projected to expand at a CAGR of 10.5% during the forecast period.
Digital Printing Packaging Market Segmental Analysis
The global Digital Printing Packaging Industry has been segmented on the basis of technology, type, application, and end-user.
Based on the mode of type, the Digital Printing Packaging Industry has been segmented into labels, flexible packaging, and others. the labels segment is likely to gain eminence owing to its multiple applications such as displaying titles, variable text, numbering and sequential barcodes, or graphics, and also to adds more value to the product.
on the basis of technology, the Digital Printing Packaging Industry comprises of inkjet, electrophotography, and others.
The application segment comprises of boxes, cans, bottles, and others.
the end-user segmentation of Digital Printing Packaging Industry comprises of Food & beverages, personal care, pharmaceuticals, electronics goods, and others. Among these, the food & beverage segment is touted to dominate the market share in the coming years. The increasing demand for branded and packaged products is expected to drive the segment. The growing demand for labeling and product differentiation for their substantiation further drives the Digital Printing Flexible Packaging Market growth in this segment over the review period.
the digital printing packaging has been segmented on the basis of region, into Europe, North America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region is estimated to lead the global Digital Printing Packaging Industry. The growth can be attributed to the increasing disposable income among the individuals, along with the changing lifestyle. The presence of emerging economies like India and China is predicted to contribute to the growth of the market. In this region, China is likely to occupy the largest market share due to the evolving F&B and healthcare industries. Moreover, the growing manufacturing activities, large consumer base, and the overall positive economic environment are likely to dictate the growth trajectory of the regional Digital Printing in Packaging Market.
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