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 International 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 examine by MarketsandMarkets™. The digital printing packaging market makes use of digital know-how for creating customized packaging supplies like labels and cartons. It gives benefits corresponding to shorter print runs, customization, and faster turnaround occasions in comparison with conventional strategies. Progress 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. Total, the digital printing packaging market is experiencing vital enlargement resulting from its capability to satisfy evolving buyer wants effectively.

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Checklist 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 International 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 utility scope

3. Alternative: Progress of the e-commerce business

4. Problem: Competitors from conventional printing strategies

Key Findings of the Research:

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

2. By Printing Expertise, Inkjet printing is predicted to be fastest-growing section through the forecast interval.

3. Variable information printing is predicted to expertise vital development through the forecast interval.

4. By Packaging Sort, Labels is predicted to expertise vital development through the forecast interval.

5. Prescription drugs and healthcare is predicted to expertise vital development through the forecast interval.

6. Asia Pacific is the biggest market through the forecast interval.

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Primarily based on printing ink, the UV-based section is projected to register the best CAGR through the forecast interval. UV-based printing ink has emerged because the fastest-growing section 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 gentle, leading to sooner manufacturing speeds and lowered turnaround occasions in comparison with conventional drying strategies. This speedy curing course of permits for environment friendly high-volume printing, making UV-based printing excellent for assembly the calls for of fast-paced manufacturing environments within the packaging business.

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Primarily based 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 vital adoption throughout numerous industries resulting from its versatility, effectivity, and high-quality output. In contrast to conventional printing strategies, inkjet printing makes use of droplets of ink to create photographs on a substrate, providing the pliability to supply personalized and customized packaging designs with ease. This flexibility is especially worthwhile in immediately’s dynamic market, the place manufacturers search to distinguish themselves via distinctive packaging that resonates with customers.

Primarily based on format, the Variable information printing section 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 progressive know-how permits for the seamless integration of variable textual content, photographs, 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 gives packaging producers a robust instrument to reinforce model engagement and drive buyer loyalty.

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Primarily based on packaging kind, the Labels section is projected to register the best CAGR through the forecast interval. Labels have emerged because the fastest-growing packaging kind within the digital printing packaging market, experiencing a surge in demand throughout numerous industries resulting from their versatility, customization capabilities, and skill to reinforce model visibility. As manufacturers more and more concentrate on creating distinctive and memorable packaging designs to captivate customers’ consideration, labels present an excellent canvas for conveying model id, product data, and promotional messages successfully.

Primarily based on end-use business, the Prescription drugs and healthcare section is projected to register the best CAGR through the forecast interval. The pharmaceutical and healthcare sector has emerged because the fastest-growing end-use business within the digital printing packaging market, pushed by a number of components together with the growing demand for customized remedy, regulatory necessities, and the necessity for improved affected person engagement. Digital printing know-how gives pharmaceutical corporations the power to supply personalized packaging options with variable information printing, enabling the inclusion of patient-specific data, dosage directions, and security warnings straight on packaging supplies.

Primarily based 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 components together with speedy industrialization, urbanization, and altering client preferences. With a burgeoning inhabitants and increasing center class, international locations in Asia Pacific are witnessing a surge in demand for packaged items throughout numerous 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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