Digital Printing Packaging Market worth $46.2 billion by 2029, at a CAGR of 8.9%, says MarketsandMarkets™

Chicago, Might 27, 2024 (GLOBE NEWSWIRE) — The World Digital Printing Packaging Market is projected to develop from USD  30.2 billion in 2024 to USD 46.2 billion by 2029 at a CAGR of 8.9%, as per the latest research by MarketsandMarkets™. The digital printing packaging market makes use of digital know-how for creating customized packaging supplies like labels and cartons. It provides benefits resembling shorter print runs, customization, and faster turnaround instances in comparison with conventional strategies. Development on this market is pushed by growing demand for customized packaging, small-batch manufacturing, and developments in printing know-how. Moreover, the market is fueled by client preferences for visually interesting designs and the shift in the direction of sustainable packaging options. General, the digital printing packaging market is experiencing important growth as a result of its means to fulfill evolving buyer wants effectively.

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Record of Key Gamers in Digital Printing Packaging Market:

1. DS Smith Plc (UK)

2. Smurfit Kappa Group (Eire)

3. CCL Industries, Inc. (Canada)

4. Quad/Graphics, Inc. (US)

5. Printpack Inc. (US)

6. Huhtamäki Oyj (Finland)

7. Constantia Flexibles (Austria)

8. THIMM Holding GmbH (Germany)

9. Epac Holdings, LLC (US)

10. Amcor plc (Switzerland)

11. Sonoco Merchandise Firm (US)

12. Berry World Group, Inc. (US)

13. ACME Printing (US)

14. WestRock Firm (US)

15. Stora Enso Oyj (Finland)

16. Elanders AB (Sweden)

Drivers, Alternatives and Challenges in Digital Printing Packaging Market:

1. Drivers: Customization and personalization demand

2. Restraint: Restricted software scope

3. Alternative: Development of the e-commerce trade

4. Problem: Competitors from conventional printing strategies

Key Findings of the Research:

1. By Printing Ink, UV-based is predicted to be quickest rising phase through the forecast interval

2. By Printing Know-how, Inkjet printing is predicted to be fastest-growing phase through the forecast interval.

3. Variable information printing is predicted to expertise important progress through the forecast interval.

4. By Packaging Sort, Labels is predicted to expertise important progress through the forecast interval.

5. Prescription drugs and healthcare is predicted to expertise important progress through the forecast interval.

6. Asia Pacific is the most important market through the forecast interval.

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Based mostly on printing ink, the UV-based phase is projected to register the best CAGR through the forecast interval. UV-based printing ink has emerged because the fastest-growing phase within the digital printing packaging market, pushed by its quite a few benefits and versatile functions. UV-based inks are cured immediately upon publicity to ultraviolet mild, leading to quicker manufacturing speeds and diminished turnaround instances in comparison with conventional drying strategies. This speedy curing course of permits for environment friendly high-volume printing, making UV-based printing perfect for assembly the calls for of fast-paced manufacturing environments within the packaging trade.

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Based mostly on printing know-how, the Inkjet printing is projected to register the best CAGR through the forecast interval. Inkjet printing has emerged because the fastest-growing printing know-how within the digital printing packaging market, experiencing important adoption throughout varied industries as a result of its versatility, effectivity, and high-quality output. In contrast to conventional printing strategies, inkjet printing makes use of droplets of ink to create photos on a substrate, providing the flexibleness to supply custom-made and customized packaging designs with ease. This flexibility is especially priceless in right now’s dynamic market, the place manufacturers search to distinguish themselves by means of distinctive packaging that resonates with customers.

Based mostly on format, the Variable information printing phase is projected to register the best CAGR through the forecast interval. Variable information printing (VDP) has emerged because the fastest-growing printing format within the digital printing packaging market, revolutionizing the way in which packaging is customized and customised for customers. This revolutionary know-how permits for the seamless integration of variable textual content, photos, and graphics inside a single print run, enabling manufacturers to create extremely focused and interesting packaging designs tailor-made to particular person customers or particular market segments. As client preferences proceed to shift in the direction of customized experiences, VDP provides packaging producers a robust device to boost model engagement and drive buyer loyalty.

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Based mostly on packaging sort, the Labels phase is projected to register the best CAGR through the forecast interval. Labels have emerged because the fastest-growing packaging sort within the digital printing packaging market, experiencing a surge in demand throughout varied industries as a result of their versatility, customization capabilities, and skill to boost model visibility. As manufacturers more and more give attention to creating distinctive and memorable packaging designs to captivate customers’ consideration, labels present an excellent canvas for conveying model identification, product data, and promotional messages successfully.

Based mostly on end-use trade, the Prescription drugs and healthcare phase is projected to register the best CAGR through the forecast interval. The pharmaceutical and healthcare sector has emerged because the fastest-growing end-use trade within the digital printing packaging market, pushed by a number of elements together with the growing demand for customized treatment, regulatory necessities, and the necessity for improved affected person engagement. Digital printing know-how provides pharmaceutical firms the flexibility to supply custom-made packaging options with variable information printing, enabling the inclusion of patient-specific data, dosage directions, and security warnings instantly on packaging supplies.

Based mostly on area, Asia Pacific is projected to register the best CAGR through the forecast interval. The Asia Pacific area has emerged because the fastest-growing area within the digital printing packaging market, pushed by a number of elements together with speedy industrialization, urbanization, and altering client preferences. With a burgeoning inhabitants and increasing center class, nations in Asia Pacific are witnessing a surge in demand for packaged items throughout varied industries together with meals and beverage, healthcare, cosmetics, and client items, thereby fueling the expansion of the digital printing packaging market within the area.

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