North America Digital Printing Packaging Market Size, Share & Industry Trends Analysis Report By Printing Technology (Inkjet and Electrophotography), By Packaging Type (Labels, Corrugated, Folding, and Flexible), By Industry, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Digital Printing Packaging Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Short-run customization, product testing, and package obsolescence are all aided by digital production. By speeding print manufacturing and freeing up more time for conception and late-stage decorating, digital production aims to reduce more of the time it takes to get to market. Just-in-time manufacturing increases capacity utilization reduces work-in-progress inventory, decreases out-of-stocks, and optimizes the supply chain. With targeted relationship marketing, digital production can boost revenue.
Digital printing packaging technologies also reduce the number of duplicate prints, waste media, and tooling resources. Without the use of print plates, proofreading fees, or overruns, digital printing provides a wide color gamut for great results. Digital printers can print in the entire CMYK color gamut without incurring additional costs or waste. Furthermore, digital printing eliminates the need for trapping, which decreases the registration difficulties that print plates can cause.
The healthcare sector of the regional countries is very robust. To increase awareness of the sector's importance to the Canadian economy by highlighting the value it generates, the employment it supports, and the investments it makes, among other things. According to the Statistics Canada, in order to support medical research, more than 200 companies in this sector contributed $15 billion in value-added (GDP) to the Canadian economy, endorsed over 100,000 full-time equivalents (FTE) jobs, exported more than $5.9 billion in goods, and spent approximately $1.6 billion and $2.2 billion on R&D in 2019. Over half of the sector's value-added was generated by IMC members, resulting in an economic impact of $8.1 billion in Canada. IMC members also directly employed over 24,800 full-time employees and supported an additional 30,500 full-time employees in Canada. The pharmaceutical R&D sector is critical to Canadians and the economy
The US market dominated the North America Digital Printing Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,079.9 million by 2028. The Canada market is poised to grow at a CAGR of 11% during (2022 - 2028). Additionally, The Mexico market would showcase 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Digital Printing Packaging Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Printing Technology
By Packaging Type
- Food & Beverages
- Personal Care & Cosmetics
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- HP, Inc.
- Xerox Corporation
- Mondi Plc
- Eastman Kodak Company
- DuPont de Nemours, Inc.
- Quad/Graphics, Inc.
- DS Smith Plc
- Traco Packaging (Traco Manufacturing, Inc.)
- Xeikon N.V.
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