The Europe digital printing packaging market is expected to grow from US$ 3,850.28 million in 2022 to US$ 6,900.87 million by 2028; it is expected to grow at a CAGR of 10.2% from 2022 to 2028.
The digital printing packaging market is growing due to rising demand for flexible packaging and environmentally friendly printing. Furthermore, the rapid developments in the printing technologies have broadened the scope of flexible packaging, corrugated wrappings, and folding cartons. Moreover, there is increased demand for attractive digital printing packaging from various end-use industries such as food & beverages, pharmaceuticals, personal care & cosmetics, etc. Manufacturers are investing in packaging as it attracts consumers and offers all the required product information to the consumers.
Market Overview and Dynamics
The Europe digital printing packaging market is expected to grow from US$ 3,850.28 million in 2022 to US$ 6,900.87 million by 2028; it is expected to grow at a CAGR of 10.2% from 2022 to 2028. The use of digitally printed smart labels has increased in recent years due to a surge in demand for customized packaging, superior sustainability, and the need to help products stand out in the market. Labels are important sources of information. Companies print smart labels on packaging to provide instructions for consumers to ensure proper recycling and reduce wastage in the post-purchase phase, thereby improving the end-life recycling of the packaging. Furthermore, smart labels are essential in differentiating between real and counterfeit goods. Nowadays, the application of variable data, such as barcodes and QR codes in packaging, is increasing in various companies. Through the random QR code technology, each product is attached with a unique “ID card” to realize anti-counterfeiting traceability and achieve the brand's online and offline two-way connection with consumers. Additionally, with increasing technological advancements, smart labels complementing current labels are expected to provide great benefits in terms of recyclability and giving consumers correct information on the product and its packaging. Therefore, the increasing usage of smart labeling is expected to propel the Europe digital printing packaging market growth during the forecast period.
Key Market Segments
Based on ink type, the Europe digital printing packaging market is segmented into solvent-based, UV-based, aqueous, and others. In 2021, the solvent-based segment held the largest share of the market; however, the aqueous segment is expected to register the highest CAGR during the forecast period. Aqueous inks are composed of pigment, resin, and water. Aqueous inks use water as a carrier and organic cosolvents. This type of ink is considered nontoxic and safe for general, domestic, and industrial applications. The ink has minimal or no odor during or after printing. Further, it is expensive compared to solvent-based inks.
Based on packaging type, the Europe digital printing packaging market is segmented into corrugated, folding cartons, flexible packaging, labels, and others. The corrugated segment held the largest share in 2021; however, the flexible packaging segment is expected to register the highest CAGR over the forecast period. Flexible packaging is any package whose shape can be changed when filled with other substances or during use. Flexible packaging is produced from paper, plastic, film, aluminum foil, or any combination of those materials. It includes bags, pouches, liners, wraps, rollstock, and other flexible products. Digital printing on flexible packaging negates the need for labels and cardboard inserts.
Based on end-use industry, the Europe digital printing packaging market is segmented into food & beverage, pharmaceuticals, personal care & cosmetics, and others. The food and beverage segment held the largest share in 2021; however, the personal care and cosmetics segment is expected to register the highest CAGR from 2022 to 2028. Consumers are concerned about value addition and differentiation in the food & beverages industry, and they demand security for the transportation of food and beverage products. In Europe, consumers are focusing on purchasing food and beverages with flexible packaging solutions, along with informative labels, without compromising the food's quality or safety. Hence, manufacturers are adopting solvent-based inks for digital printing packaging for the food & beverage industry.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the Europe digital printing packaging market are company websites, annual reports, financial reports, national government documents, and statistical databases. HP Inc, Xerox Holdings Corp, Reel Appeal Ltd, Mondi Plc, Dupont De Nemours Inc, Quad/Graphics Inc, Xeikon Bv, Quantum Print and Packaging Ltd, Weber Packaging Solutions Inc, and DS Smith Plc are among the major companies listed in the report.
Reasons to Buy Report
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 3,850.28 Million |
| Market Size by 2028 | US$ 6,900.87 Million |
| CAGR (2022 - 2028) | 10.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Ink Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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The Europe Digital Printing Packaging Market is valued at US$ 3,850.28 Million in 2022, it is projected to reach US$ 6,900.87 Million by 2028.
As per our report Europe Digital Printing Packaging Market, the market size is valued at US$ 3,850.28 Million in 2022, projecting it to reach US$ 6,900.87 Million by 2028. This translates to a CAGR of approximately 10.2% during the forecast period.
The Europe Digital Printing Packaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Digital Printing Packaging Market report:
The Europe Digital Printing Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Digital Printing Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Digital Printing Packaging Market value chain can benefit from the information contained in a comprehensive market report.
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