PUBLISHER: SkyQuest | PRODUCT CODE: 1360420
PUBLISHER: SkyQuest | PRODUCT CODE: 1360420
Global Digital Printing Packaging Market size was valued at USD 27 billion in 2021 and is poised to grow from USD 29.4 billion in 2022 to USD 58.16 billion by 2030, growing at a CAGR of 8.9% in the forecast period (2023-2030).
The Global Digital Printing Packaging Market is experiencing substantial growth due to its efficiency, customization options, and reduced environmental impact. This market involves printing packaging materials using digital technology, enabling shorter print runs and personalized designs. With sectors like food, beverages, and cosmetics embracing this technology, the market is expected to continue expanding. Key players are investing in advanced digital printing solutions to meet the rising demand for unique packaging, contributing to the market's upward trajectory.
Top-down and bottom-up approaches were used to estimate and validate the size of digital printing packaging and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
The global digital printing packaging market is segmented by type of Packaging and region. Based on Packaging type, the market can be segmented into flexible packaging and inkjet technology. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The surging demand for packaging solutions that prioritize environmental sustainability is a major driver behind the growth of the worldwide digital printing packaging industry. In contrast to traditional printing techniques, digital printing utilizes less ink and produces reduced waste, making it a more environmentally conscious option. Additionally, digital printing enables on-demand production, reducing the need for excessive inventories and minimizing the disposal of packaging materials.
The growth of the global digital printing packaging sector could be impeded by the substantial costs linked to acquiring digital printing equipment and technology. Procuring necessary machinery and software requires significant capital, which might particularly challenge smaller businesses. Additionally, the heightened expenses concerning maintenance and materials compound the financial challenges of digital printing. Nevertheless, as technology advances and becomes more accessible, these barriers could gradually diminish in importance over the course of time.
The growth of the global market for Digital Printing Packaging has been noteworthy due to the consistent expansion of e-commerce, heightened requests for eco-friendly packaging alternatives, and changing consumer leanings towards individualized packaging. A prominent trend in the market involves industries like healthcare, food and beverage, as well as cosmetics, incorporating cutting-edge packaging technologies. This innovative method permits producers to craft limited batches of tailor-made packaging swiftly and inexpensively, subsequently diminishing surplus stock and waste.