Digital Printing Packaging Market by Printing Inks (Solvent- based, UV-based, Aqueous, and Others), Packaging Type (Corrugated, Folding Cartons, Flexible Packaging, Labels, and Others), End-Use Industry (Food and Beverage, Pharmaceuticals, Personal Care and Cosmetics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026226 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 23 billion mark in 2022 and is expected to hit US$ 47 billion by 2030, recording a CAGR of 9% during the forecast period.

Digital printing packaging market has been significantly growing with the higher adoption of these digital printing packaging products from various end-use industries.

Digital printing provides production flexibility, packaging personalization, and fast time to market etc. benefits. It is becoming more attractive to brand owners and packaging converters, due to a variety of equipment improvements. The rapid growth and success of digital print is prompting brands to experiment with marketing, improving approval ratings and brand loyalty from consumers also meeting new regulatory demands and evolving new business models. Due to all these benefits of digital printing packaging products, they are highly used in various end-use industries. This is mainly driving the digital printing packaging market growth. The solvent- based segment is expected to held the significant share of the market during the forecast period. The solvent-based inks enable the printing onto various surfaces such as corrugated boards, paper, flexible packaging materials, metal foils, and plastic materials. Further, other segments such as UV-based and aqueous, are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into printing inks, packaging type, end-use industry, and geography. By printing inks, the market is further segmented into solvent- based, UV-based, aqueous, and others. On the basis of packaging type, the market is segmented into corrugated, folding cartons, flexible packaging, labels, and others. On the basis of end-use industry, the market is segmented into, food and beverage, pharmaceuticals, personal care and cosmetics, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Growth opportunities from emerging economies

In countries such as India, China, and Brazil, the markets for digital printing packaging is growing. The growth in per capita income, industrialization, and technological advancements in manufacturing is leading to tremendous growth of the digital printing packaging market. Rising living standard of people and changes in lifestyles in these countries contribute to the growth of the convenience packaging market and this creates a positive impact on the digital printing packaging market growth. Further, the strong growth of the various end-use industries such as food & beverage, personal care and cosmetics in emerging economies is also fuelling the market growth.

High demand for digital printing packaging products from food & beverage industry

There are various benefits of digital printing packaging products in food & beverage industry. Digital printing enables food and beverage manufacturers to run multiple package versions in the same print job, with almost no added expense or production time. It also offers a significantly faster turnaround time than traditional processes, which allows manufacturers to reduce packaging obsolescence and warehousing costs by ordering on a just-in-time basis. Offering full-color digital printing on beverage cartons helps to reduce design-to-print time and allow a variety of designs in one order. Due to all these benefits, there is a high demand for digital printing packaging products from the food & beverage industry.

Recent strategic developments in digital printing packaging market

The digital printing packaging market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2022, Smurfit Kappa has completed a significant investment in its new Design2Market Factory, a unique facility creating a fast and seamless development process from packaging design through to market launch. The investment, which includes a digital printer and die cutter, provides rapid prototyping for pilot production, industry-leading packaging performance analysis and field lab facilities under one roof.
  • In April 2022, Sealed Air announced the introduction of prismiq - a digital packaging brand with a portfolio of solutions for design services, digital printing and smart packaging.

The digital printing packaging market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Mondi, Xerox Corporation, Traco Packaging, The BoxMaker, and Huhtamaki Global are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Digital printing packaging related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of digital printing packaging
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Printing Inks
  • Solvent- Based
  • UV-Based
  • Aqueous
  • Others
  • Packaging Type
  • Corrugated
  • Folding Cartons
  • Flexible Packaging
  • Labels
  • Others
  • End-use Industry
  • Food And Beverage
  • Pharmaceuticals
  • Personal Care and Cosmetics
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Mondi  
  • Xerox Corporation
  • Traco Packaging
  • The BoxMaker 
  • Huhtamaki Global 

Companies profiled

- Mondi
- Xerox Corporation 
- Traco Packaging
- The BoxMaker
- Huhtamaki Global

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