The Asia Pacific Digital Printing Packaging Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
In the packaging industry, digital printing is often used to create low-cost samples as well as prototypes for custom packaging. Digital printing can also be utilized to create some very striking packaging artwork. Digital printing is widely employed in a wide range of applications. Digital printers can be commonly found deployed in offices, schools, or even in people's homes.
Digital printing in packaging is widely utilized in the packaging industry to save time and cost. Because digital printers take very little effort, they are ideal for smaller order quantities because setup time and expenses are drastically reduced. Furthermore, because it produces a high-quality output for less intricate artwork, digital printing is ideal for minimalist packaging designs. Digital printing is often less expensive than offset printing for small volumes.
The Indian food sector is on the verge of a massive expansion, with its contribution to food commerce expanding year after year. Because of its enormous potential for value addition, the food sector in India has emerged as a high-growth as well as high-profit sector, particularly in the food processing business. According to the India Brand Equity Foundation, the Government of India, which controls around 32% of the country's overall food market, has played a key role in the growth and development of the food processing sector. The government, through the Ministry of Food Processing Industries (MoFPI), is actively encouraging investment in the industry. It has approved joint ventures (JVs), international industrial licenses, collaborations, and 100% export-oriented units.
The China market dominated the Asia Pacific Digital Printing Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,791.1 million by 2028. The Japan market would experience a CAGR of 8.6% during (2022 - 2028). Additionally, The India market is showcasing a CAGR of 10% during (2022 - 2028).
Based on Printing Technology, the market is segmented into Inkjet and Electrophotography. Based on Packaging Type, the market is segmented into Labels, Corrugated, Folding, and Flexible. Based on Industry, the market is segmented into Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Electronics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digital Printing Packaging Market is Projected to reach USD 35.4 Billion by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HP, Inc., Xerox Corporation, Mondi Plc, Eastman Kodak Company, DuPont de Nemours, Inc., Quad/Graphics, Inc., DS Smith Plc, Traco Packaging (Traco Manufacturing, Inc.), and Xeikon N.V.
By Printing Technology
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