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Digital Printing Packaging Market, Valued at Usd 11.10 Billion in 2015 Is Projected to Grow at a Cagr of 10.5% Through 2023

By monicanerkar |Email | May 22, 2018 | 5007 Views

Market Scenario

Packaging industry will witness a revolution due to the increasing applications of digital printing. The concept of digital printing for packaging is specifically introduced to attract consumers. This method includes printing of digital images or text on product packaging. Digital printing packaging market is primarily driven by the increasing demand from the food & beverages and personal care industries. Digital printing is more time and cost efficient than other techniques of printing.  Digital printing helps cover entire information while  providing better quality prints than other techniques.  These factors increase the popularity of digital printing packaging, which ultimately fuels the growth of this market. However, fluctuations in raw material prices may hamper the growth of digital printing packaging market.

Global digital printing packaging market, valued at USD 11.10 billion in 2015 is projected to grow at a CAGR of 10.5% during the forecast period.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on ??Global Digital Printing Packaging Market Information from 2016 to 2023"

Key Players 

W S Packaging Group, Inc. (U.S.), Weber Packaging Solutions Inc. (U.S.), Xerox Corporation (U.S.), Xeikon N.V. (Netherlands), Hewlett-Packard Inc. (U.S.), Mondi Group (South Africa), E.I. du Pont de Nemours and Company (U.S.), Quad Graphics, Inc. (U.S.), Labels in Motion (U.S.), Reel Appeal Limted (U.K.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Digital Printing Packaging Market.

Market Research Analysis  

Packaging industry will witness a revolution due to the increasing applications of digital printing. Digital printing for packaging is specifically introduced to attract consumers. Continuously growing demand from personal care & pharmaceutical industries driving the growth of digital printing packaging market. Improved productivity and reliability of digital printing is another major driving factor contributing to the growth of this market.

The report has been analyzed based on packaging types, technologies, applications, end users and regions. On the basis of packaging type, global digital printing packaging market is segmented as labels, flexible packaging, and others, out of which, label type packaging accounted for the largest share. It is the most widely used packaging type because it displays product information, transportation details, brand identification symbols, sequential barcodes, and so on. The digital packaging improves workflow, enable innovative marketing and also helps in quicker marketing which improves popularity among end users.

On the basis of technology, global digital printing packaging market is segmented as inkjet, electrophotography & others. Out of them, electrophotography technique dominates the technology segment of global digital printing packaging market. This is mainly due to its ability to print images that are superior in quality and to withstand various climatic conditions.

Global digital printing packaging market, valued at USD 11.10 billion in 2015 is projected to grow at a CAGR of 10.5% during the forecast period.

On the basis of end user, global digital printing packaging market is segmented as food & beverages, personal care, pharmaceuticals, electronics goods and others. Out of them, the food & beverages sector dominate the end user segment of global digital printing packaging market. It accounts for the largest share mainly due to the growing demand for packaged food from developing as well as developed country. Additionally, the rising health consciousness among consumers also drives the growth of this market.

More Details Available @ https://www.marketresearchfuture.com/reports/digital-printing-packaging-market-2782

Source: https://www.marketresearchfuture.com/reports/digital-printing-packaging-market-2782