Digital Printing Packaging Market Size By Printing Technology (Inkjet Printing, Electrophotography Printing), By Format (Flexible Packaging, Folding Cartons, Corrugated Packaging, Labels), By End Use Industry (Food and Beverage, Pharmaceuticals, Household and Cosmetic Products, Electronics), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDigital Printing Packaging Market Size By Printing Technology (Inkjet Printing, Electrophotography Printing), By Format (Flexible Packaging, Folding Cartons, Corrugated Packaging, Labels), By End Use Industry (Food and Beverage, Pharmaceuticals, Household and Cosmetic Products, Electronics), By Geographic Scope And Forecast
Digital Printing Packaging Market Size and Forecast
Digital Printing Packaging Market size was valued at 29.76 USD Billion in 2024 and is projected to reach 109.62 USD Billion by 2031, growing at a CAGR of 17.70% from 2024 to 2031.
- Digital printing packaging is a process of using a digital file to directly print designs onto packaging materials. Unlike traditional printing methods, digital printing doesn’t require printing plates, which makes it ideal for short-run printing jobs and variable data printing.
- Digital printing offers a bunch of advantages for packaging, especially for short runs and customization. Since it skips the expensive setup of traditional printing plates, digital printing is cost-effective for smaller orders.
- Digital printing’s reach extends to various packaging applications, from folding cartons for food and medicine to flexible pouches for snacks and cosmetics. It can even create labels for product information on a wide range of materials. This versatility makes it a powerful tool for customizing and enhancing all sorts of packaging.
Digital Printing Packaging Market Dynamics
The key market dynamics that are shaping Digital Printing Packaging Market include
Key Market Drivers
- Growing demand for personalizationConsumers are increasingly seeking unique and personalized experiences across all aspects of their lives, and packaging is no exception. Digital printing technology caters to this trend perfectly by enabling the creation of custom packaging with variable data printing. This allows brands to personalize elements like names, greetings, locations, or even product recommendations on each package, fostering a more engaging and memorable customer experience. For instance, imagine a beverage company printing birthday messages and special offers directly onto their product packaging, creating a more personal connection with the consumer.
- Rising demand from various industriesThe e-commerce industry is a major driver of the digital printing packaging market, as it thrives on the ability to produce customized packaging for short runs. This is essential for online retailers who need to offer a wide variety of products without the burden of excess inventory or expensive packaging that can’t be easily modified. Digital printing also caters to the food & beverage industry, where seasonal products and limited edition offerings are common. The ability to quickly create eye-catching packaging with variable data printing, such as including special promotions or recipes, is a significant advantage. Similarly, the personal care industry benefits from the ability to personalize packaging with targeted messaging or create unique designs for gift sets. Overall, the versatility and customization capabilities of digital printing are driving its adoption across a wide range of industries.
Key Challenges
- Color consistency challengesMaintaining consistent color across different printing runs can be more challenging with digital printing compared to traditional methods. This requires careful calibration and quality control processes to ensure brand consistency in the final packaging.
- Higher cost per unit for long runsWhile digital printing shines for short runs, the cost per unit can be higher compared to traditional methods like offset printing for large-scale production. This is because traditional methods benefit from economies of scale, where the cost per unit decreases as the number of prints increases.
- Limited range of substratesDigital printing technology is still evolving, and the range of materials it can effectively print on is not as extensive as traditional methods. This can limit its application for certain types of packaging, particularly those requiring specific functionalities or compatibility with certain products.
Key Trends
- E-commerce boom and on-demand printingThe surge of e-commerce is a major trend driving the market. Digital printing’s ability to produce customized packaging for short runs perfectly suits the needs of online retailers offering a vast product variety without excess inventory or needing large upfront packaging investments.
- Sustainability and eco-friendly packagingDigital printing’s environmental benefits are a growing trend, aligning with the increasing focus on sustainability by businesses and consumers. Digital printing processes use less waste and energy compared to traditional methods. There are no printing plates to create or dispose of, and digital printing presses use less energy overall. This resonates with eco-conscious consumers who are willing to pay a premium for sustainable products and packaging.
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Digital Printing Packaging Market Regional Analysis
Here is a more detailed regional analysis of Digital Printing Packaging Market
North America
- According to Market Research, North America is estimated to dominate the market over the forecast period. This dominance is attributed to several factors, including the high presence of established key players in the region, strong brand awareness, and significant investments in e-commerce infrastructure.
- The region is a major driver of the global digital printing packaging market, thanks to its large and established consumer base with a high disposable income. This translates to a strong demand for a vast array of consumer goods, necessitating short-run, customized packaging solutions across various industries.
- Furthermore, the presence of established industry giants and the emergence of new players in North America further bolsters the market growth. These players are constantly innovating and developing new technologies to cater to the evolving packaging needs of brands.
Asia Pacific
- E-commerce is booming in the Asia Pacific region, particularly in countries like China, India, and Southeast Asia. This fuels the demand for customized and short-run packaging solutions, perfectly aligning with the strengths of digital printing.
- Governments in the region are implementing stricter regulations on traditional packaging materials, particularly plastics. This creates an opportunity for sustainable packaging solutions like those offered by digital printing, which uses less waste and energy.
- The Asia Pacific region is home to several major players in the digital printing packaging market. Additionally, there’s a rising trend of domestic production of digital printing equipment within the region, making the technology more accessible and cost-effective for local businesses.
Europe
- Europe is expected to remain a significant player in the global digital printing packaging market due to several factors. The presence of a well-established e-commerce sector, a strong focus on innovation and technological advancements, and a growing demand for personalization are all contributing to the market growth in this region.
- The European digital printing packaging market is expected to be driven by demand from a variety of end-use industries. The food and beverage industry, for example, can leverage digital printing’s ability to produce short-run packaging for seasonal products or targeted marketing campaigns. Personalized packaging with variable data printing, such as including special promotions or recipes on labels, can also be a powerful tool for engagement in this sector. Similarly, the personal care and cosmetics industries benefit from the ability to create unique and customized packaging for gift sets or targeted demographics.
- Furthermore, Strict regulations around product safety and environmental concerns are pushing European businesses towards adopting sustainable packaging solutions. Since digital printing offers an eco-friendly alternative, its adoption is likely to be prominent in this region.
Digital Printing Packaging MarketSegmentation Analysis
The Global Digital Printing Packaging Market is Segmented based on Printing Technology, Fiber Type, Format, End User Industry, And Geography.
Digital Printing Packaging Market, By Printing Technology
- Inkjet printing
- Electrophotography printing
Based on Printing Technology, the market is segmented into Inkjet Printing, Electrophotography Printing. electrophotography printing is dominating the digital printing packaging market due to its established processes, cost-efficiency for mid-range runs, and wider substrate compatibility.
Digital Printing Packaging Market, By Fiber Type
- Man-made Fibers
- Cotton Fibers
- Animal-based Fibers
- Vegetable-based Fibers
- Others
Based on Fiber Type, the market is segmented into Man-made, Cotton, Animal-based, Vegetable-based, and Others. The man-made fiber segment is estimated to dominate the apparel market. Man-made fibers, such as polyester, nylon, and acrylic, are versatile and durable, making them appropriate for a wide range of apparel applications, from casual wear to specialist performance clothes. These fibers are also less expensive to produce and maintain, making them appealing to both manufacturers and customers looking for low-cost alternatives.
Digital Printing Packaging Market, By Format
- Flexible Packaging
- Folding Cartons
- Corrugated Packaging
- Labels
Based on the Format, the market is divided into Flexible Packaging, Folding Cartons, Corrugated Packaging, and Labels. The labels segment is estimated to dominate the global market. Labels are a fundamental requirement for most products, providing crucial information like branding, ingredients, and instructions. Digital printing allows for label creation on various materials and different packaging formats, from folding cartons to flexible packaging.
Digital Printing Packaging Market, By End-User Industry
- Food and Beverage
- Pharmaceuticals
- Household and Cosmetic Products
- Electronics
Based on End-user Industry, the market is segmented into Food and Beverage, Pharmaceuticals, Household and Cosmetic Products, and Electronics. The dominating end-user segment in the digital printing packaging market is currently Food and Beverage. The food and beverage industry frequently utilizes short production runs for seasonal products, limited editions, or targeted marketing campaigns. Digital printing perfectly fits this need as it excels in producing smaller batches compared to traditional printing methods.
Digital Printing Packaging Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Digital Printing Packaging Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is estimated to hold the largest Digital Printing Packaging Market. North America has a well-established infrastructure for digital printing technology, with a high number of printing companies and converters already equipped for this process. This translates to a readily available market for digitally printed packaging solutions.
Key Players
The “Digital Printing Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are DS Smith, Smurfit Kappa, CCL Industries Inc., HP Inc., Xeikon N.V., Eastman Kodak Company, Landa Corporation Ltd., and Quad/Graphics Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Digital Printing Packaging Market Recent Developments
- In March 2023, DS Smith, advanced its corrugated printing capabilities by investing in the EFI Nozomi C18000 Plus digital printer at its UK facility. This technology allows for high-speed, direct-to-board printing, enhancing the efficiency and quality of packaging solutions while supporting sustainability goals through reduced waste and cost-effective production.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | DS Smith, Smurfit Kappa, CCL Industries Inc., HP Inc., Xeikon N.V., Eastman Kodak Company, Landa Corporation Ltd., and Quad/Graphics Inc. |
SEGMENTS COVERED | Printing Technology, Fiber Type, Format, End User Industry, And Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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