Published Date: 30-Jun-2022
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According to a new report, published by KBV research, The Global Digital Printing Packaging Market size is expected to reach $35.4 billion by 2028, rising at a market growth of 9.0% CAGR during the forecast period.
The Electrophotography market is showcasing a growth rate of 10.7% during (2022 - 2028). This growth of the segment is attributed to the ease of use of this technology. It is a printing method that uses a photoreceptor, electrostatic principles, light source, and toner to produce printed output from a digital file. Before digital printing, this procedure was widely employed in analog copiers, where a lamp illuminated the page to be copied, and then a sequence of mirrors reflected the page straight onto the drum's surface.
The Labels segment shows high market share in Global Digital Printing Packaging Market by Packaging Type in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13.9 billion by 2028. The increasing growth of the segment is attributed to the rising demand from the food and beverages industry. Digital label printing uses a digital file of the design to print the picture directly on a label material of the user's choice on the press. All images and colors are produced in one stage, unlike flexographic printing.
The Personal Care & Cosmetics segment has high growth rate of 9.3% during (2022 - 2028). The rising growth of this segment is attributed to the rising disposable income of women all over the world. With an increasing number of women joining the workforce, their spending capacity increases. In order to maintain and enhance their appearance, a significant number of women used various personal care and cosmetics products. Due to a surge in the demand for cosmetics, the adoption of digital printing packaging technology increased. This factor augmented the growth of this segment.
The Asia Pacific is the fastest growing region in the Global Digital Printing Packaging Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13.2 billion by 2028. The Europe market is anticipated to grow at a CAGR of 8.4% during (2022 - 2028). Additionally, The North America market would generate a CAGR of 8.5% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By Packaging Type
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