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    Breaking News

    Digital Printing Packaging Market Estimated to Reach $42.11 Billion by 2026

    Market size is currently estimated at $11.42 billion in 2016.

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    03.13.17
    Marketsandmarkets.com has introduced its latest re[ort, report, “Digital Printing Packaging Market by Packaging Technology (Thermal Transfer, Electrophotography & Electrostatic, Inkjet), Packaging Type (Labels, Flexible Packaging), Ink Type, Printing Format, Application, and Region - Global Forecast to 2026.” According to the report, the digital printing packaging market size is projected to grow from $11.42 billion in 2016 to reach $42.11 billion by 2026, at a CAGR of 13.9%.
     
    The global digital printing packaging market is witnessing demand owing to the rise in manufacturing activities. The market is driven by factors such as strong growth in the demand from the food and homecare sectors. The growing healthcare industry and the popularity of using convenient packaging are major drivers of the digital printing packaging market.
     
    The food & beverages segment is estimated to be the fastest-growing segment in 2015. The demand for digital printing packaging is experiencing high demand from the food & beverage industry, mainly because of the growing demand for packaged and branded products. Increase in demand for product differentiation and labeling for their authentication drives the market growth for printing in the food & beverage packaging segment
     
    The digital printing packaging market, on the basis of packaging type, is classified into labels, flexible packaging, corrugated, folding cartons, and others, which includes rigid plastic packaging and metal packaging. The labels segment accounted for the largest share in 2015 due to its numerous application such as displaying sequential barcodes and numbering, variable text, titles, or graphics, and add substantial value to the product.
     
    Asia-Pacific, with emerging economies such as China and India, is expected to drive the digital printing packaging market. China is projected to account for the largest market share and dominate the Asia-Pacific digital printing packaging market in 2021. The growing healthcare and food & beverage industries are likely to drive the demand for digital printing packaging in China. In addition to this, the country’s large consumer base, overall positive economic environment, and increase in manufacturing activities will drive demand in the packaging industry.
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    CURRENT ISSUE

    November/December 2019

    • The 2019 Year in Review
    • Energy Curing Ink Markets are On the Rise
    • Publication Ink Market Continues to Shrink
    • Waxes and Additives Enjoy Growth in Packaging in 2019
    • Ink Manufacturers Prepare For the Circular Economy
    • 2019 NPIRI Conference Features Sustainability, Regulatory, Technical Issues
    • NPIRI 2019 Award Winners
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