Digital Printing Packaging Market
Market Analysis: The global digital printing packaging market forecast will be $42.11 billion by 2026, increasing from $25.15 billion in 2018 at a healthy CAGR of 13.9%. North America market share is growing at a CAGR of 7.1% by generating revenue of $14.10 billion by 2026. Asia-Pacific regional growth is expecting $11.2 billion by 2026. Digital printing is innovative packaging by propagating custom differentiations which offers products on-shelf variations. Packaging contents such as labels, cartons and corrugated boxes have perceived major commercialization and are pose to have a positive impact on consumers. Digital printing is a quick emerging as the next go-to technology ascribed to the diverse benefits it provides. Access to Full Report Summary: https://marketreportslibrary.com/report/pa1205/digital-printing-packaging-market Market Drivers: Surging demand for sustainable printing and for flexible packaging will foster the growth of the market. Digital printing is a different technology compared to the traditional printing technology. Traditional printing technology consists of flexo and litho process technology. Digital printing technology does not need the replacement of printing plates unlike the traditional printing technology. Therefore, it has higher printing efficiency and minimized cost of the machine. Moreover, the digital printing packaging is considered to be sustainable printing process as there is no requirement of water, photo chemicals, and pre-press stages. Furthermore, the trend of flexibility and convenience will contribute to the rising revenues in the global digital printing packaging market. The increasing popularity of resealable seals, zip locks, and the reusability feature of packets will encourage sustainability. Market Restraints: The key constraint in the digital printing packaging market is the varying prices of the raw material. This hampers the growth of the requirement to a great extent. The limited development of the market with these changes in the prices is majorly owing to the variations in oil prices, which is the base of the raw materials essential for the industry. Request for a sample report: https://marketreportslibrary.com/request/sample/pa1205/digital-printing-packaging-market The Global Digital Printing Packaging Market has been segmented as below: By Printing Inks Solvent- based UV-based Aqueous Others By Technology Thermal transfer printing Inkjet printing Electrophotography & electrostatic printing Others By Format Full color printing Variable data printing Large format printing Others By Packaging Type Corrugated Folding cartons Flexible packaging Labels Others By End-Use Industry Food & beverage Pharmaceuticals and healthcare Household & cosmetic products Others By Region Europe North America Asia Pacific Rest of The World By Company HP Inc. Xeikon N.V. Eastman Kodak Company Landa Corporation Ltd. Quad/Graphics Inc. Tailored Label Products Inc. Creative Labels Inc. Reynders Label Printing DS Smith Plc Thimm Group Traco Manufacturing Inc. WS Packaging Group Inc. Elanders Colordruck Baiersbronn Mondi Plc.