Global Digital Printing for Packaging Market – Industry Trends and Forecast to 2030

Global Digital Printing for Packaging Market, By Technology Type (Liquid Toner Electrophotography Printing, Nano-graphic Printing, Inkjet Technology, Others), Format (Full-Colour printing, Variable Data Printing, Large Format Printing, Others), Product Type (Labels, Flexible Packaging, Corrugated Packaging, Folding Cartons, Bottles, Jars, Metal Cans, Others), End Use (Food, Beverage, Alcoholic, Non-Alcoholic, Pharmaceutical, Personal care and Cosmetics, Electronic Companies, Chemicals, Other) - Industry Trends and Forecast to 2030. 

Digital Printing for Packaging Market Analysis and Size

Globally, it is common to see digital printing, which draws people's attention and encourages them to purchase it. Customers make up the majority of the market. Packaging plays a significant role, from small to large items, and printing on the packaging makes it even more enticing for customers to purchase it. The market is still primarily driven by environmentally friendly printing and packaging. However, it is also necessary to look for concerns about rising costs due to various factors, including price increases in other markets.

Data bridge market research analyses that the digital printing for the packaging market, valued at USD 28.98 billion in 2022, will reach USD 58.81 billion by 2030, growing at a CAGR of 9.25% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Digital Printing for Packaging Market Scope and Segmentation  

Market Definition

Compared to traditional printing, digital printing yields prints of higher quality. With the advancement in digital printing technology, changes can be made even before printing. Digital packaging printing is considered an environmentally sustainable process because it doesn't require any water, photo chemicals, or pre-press procedures. Digital printing technology is widely used across industries because it provides high-quality printing on packaging. Many manufacturers advertise their products using intricate labeling, numerous packaging methods, recyclable materials, and various colors. Premium packaging communicates that the product must meet high standards, which is crucial for building and maintaining the brand image.

Digital Printing for Packaging Market Dynamics

Drivers

• Consumer preference for convenience is on the rise, driving the market for digital printing packaging

The demand for convenience and sustainability among consumers is anticipated to drive the growth of the digital printing packaging market. Through the changing consumer preferences brought on by busy lifestyles and smaller homes, products that are easy to open, store, use, carry, and dispose of are in high demand. This favors product packaging that complements modern lifestyles in turn. With convenient packaging, on-the-go options can be used for various goods. Convenient packaging is increasingly used for products other than food and drink, such as prescription medications, personal care items, and healthy items that support active lifestyle choices. An important consideration in consumer decision-making is appropriate packaging. It affects their behavior and shapes their preference for a particular packaging style or design. Consumer packaged goods manufacturers are addressing this need by enhancing their selection of smaller-sized snacks. Therefore, the shifting consumer lifestyle and consumption habits will impact flexible packaging across several end-user industries, such as food and beverage, pharmaceuticals, and home and personal care.

• The market for digital printing packaging is driven by technological advancement

Technological development is accelerating in the fields of packaging, printing, and labeling. Digital printing allows for production flexibility, personalization, and faster time-to-market for packaging. Digital prints are preferred by various improvements and developments, brand owners, and packaging converters. Innovation in printing offers a solution to companies to reduce production duration from months to days. Digital printing packaging technology advancements also aid in branding and marketing. Direct printing on packaging gives the product a distinctive appearance.

Opportunities

• Emerging markets present a sizable opportunity for growth

The market for digital printing packaging could experience phenomenal growth as a result of rising per capita income, dual-income households, industrialization, and manufacturing technological advancements. A more active lifestyle necessitates products that can be consumed quickly and save measurement time. Living standards improvement and lifestyle modifications in developing nations influence the growth of the convenience packaging market, which affects the packaging industry for digital printing. Through developing nations, the expanding end-use industries in sectors such as food and beverage, personal care, and pharmaceuticals are opening up new business opportunities for digital printing firms.

Restraints/Challenges

• Variations in raw material costs restrict the market growth

The printing industry has been under intense pressure to produce prints of superior quality at competitive prices. The printing industry will suffer as a result of the fluctuations in raw material prices. About 30% of the cost comprises paper, ink, and other materials. Paper prices may increase due to environmental concerns during production, whereas oil and resin prices impact ink costs. Along with stricter environmental regulations, a supply shortage, and other geopolitical issues, rising crude oil prices are another factor contributing to the price increase. Fuel and delivery costs are also expected to increase significantly, restricting the growth of digital printing.

This digital printing for packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital printing for packaging market, contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected impact of economic slowdown on the pricing and availability of products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2020, The U.S.-based information technology company Hewlett Packard (H.P. Inc.) released several cutting-edge printing solutions for the healthcare sector. It might stop the spread of illnesses picked up in hospitals.
• In 2020, Kodak introduced the SONORA NX2 Process Free Plate to give Japanese newspapers and media outlets more effective printing options. The SONORA NX-2 Plate is made to reduce printing costs and time, which supports the development of the digital printing packaging sector.

Global Digital Printing for Packaging Market Scope

The digital printing for packaging market is segmented on the basis of technology type, format, product type, and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology Type

• Liquid Toner Electrophotography Printing
• Nano-graphic Printing
• Inkjet Technology
• Others
• Dye tonner

 Format

• Full-Colour printing
• Variable Data Printing
• Large Format Printing
• Others

Product Type

• Labels
• Flexible Packaging
• Corrugated Packaging
• Folding Cartons
• Bottles and Jars
• Metal Cans
• Others

 End-Use

• Food, Beverage
• Alcoholic
• Non-Alcoholic
• Pharmaceutical
• Personal care and Cosmetics
• Electronic Companies
• Chemicals
• Other

Digital Printing for Packaging Market Regional Analysis/Insights

The digital printing for packaging market is analysed and market size insights and trends are provided by country, technology type, format, product type, and end-use as referenced above.

The countries covered in the digital printing for packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region's dominance are the rise in growth of the digital printing for packaging market in the region in the U.S and Canada. Furthermore, the occurrence of major key players will further boost the growth of the digital printing for packaging market with rise in market increasing revenues.

Asia-Pacific is expected to showcase the highest growth rate during the forecast period owing to the demand for flexible packaging, which has been significant factor for the growth in the digital printing market for packaging. Moreover, the increase in the demand for sustainable printing is further anticipated to propel the growth of the digital printing for packaging market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Digital Printing for Packaging Market Share Analysis

The digital printing for packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital printing for packaging market.

Some of the major players operating in the digital printing for packaging market are:

• DuPont (U.S.)
• Xerox Corporation (U.S.)
• H.P. Development Company, L.P. (California)
• Xeikon (Belgium)
• Cyan Tec Systems (U.K.)
• Krones AG (Germany)
• Hinterkopf GmbH (Germany)
• Mondi (U.K.)
• Quad (U.S.)
• SCREEN GP Americas, LLC  (U.S.)
• SUN Automation Group (U.S.)
• Eastman Kodak Company (U.S.)
• XYMOPrint (U.S.)
• Weber Packaging Solutions (U.S.)
• Landa Corporation (Israel)
• BARBERÁN S.A. (Spain)
• DS Smith (U.K.)
• Cenveo Worldwide Limited (U.S.)
• THIMM THE HIGHPACK GROUP (Germany)