According to a new market report by Lucintel, the future of the digital printing packaging market looks promising with opportunities in the food & beverage, pharmaceutical and healthcare, household & cosmetic product, and other (automotive and electronics) end use industries. The digital printing packaging market is expected to grow with a CAGR of 14% from 2019 to 2024. The major growth driver for this market is the increasing demand for sustainable printing and flexible packaging.
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In this market, corrugated, folding cartons, flexible packaging, and labels are the major packaging type. Label is the largest packaging type.
Within the digital printing packaging market, food & beverage, pharmaceuticals and healthcare, household & cosmetic products, and others (automotive and electronic industry) are the major end use industries.
Solvent-based, UV-based, aqueous, and others (latex and dye sublimation inks) are the major printing ink used in the digital printing packaging market.
Asia Pacific is expected to remain the largest market over the forecast period due to rapid growth in the manufacturing sector as well as increase in disposable income among individuals with changing lifestyle.
HP Inc., E.I. Du Pont Nemours and Company, Xerox Corporation, Mondi PLC , Quad/Graphis, Inc. , Eastman Kodak Co., Xeikon N.V., Quantum Print and Packaging Ltd., WS Packaging Group, Inc., and Traco Manufacturing Inc. are among the major manufacturers of digital printing packaging.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the digital printing packaging market by printing ink, printing technology, format, packaging type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Digital Printing Packaging Market 2019-2024: trends, forecast, and opportunity analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the digital printing packaging market by packaging type, printing ink, printing technology, format, end use industry, and region as follows:
By Packaging Type [$M shipment analysis for 2013 – 2024]:
Corrugated
Folding cartons
Flexible packaging
Labels
Others (rigid packaging and metal packaging)
By Printing Ink [$M shipment analysis for 2013 – 2024]:
Solvent-based
UV-based
Aqueous
Others (latex and dye sublimation inks)
By Printing Technology [$M shipment analysis for 2013 – 2024]:
Thermal transfer printing
Inkjet printing
Electrophotography & electrostatic printing
Others (direct thermal printing, toner-based printing systems ionography, and magnetography)
By Format [$M shipment analysis for 2013 – 2024]:
Full color printing
Variable data printing
Large format printing
Others (print on demand and dimensional printing)
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Food & beverage
Pharmaceuticals and healthcare
Household & cosmetic products
Others (automotive and electronic industries)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
UK
Italy
Spain
Asia-Pacific
China
Japan
India
South Korea
ROW
Middle East & Africa
South America
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/digital-printing-packaging-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.