The North America digital printing packaging market is expected to grow from US$ 6,089.84 million in 2022 to US$ 10,651.80 million by 2028. It is estimated to grow at a CAGR of 9.8% from 2022 to 2028.
Technological Advancements in Digital Printing is Driving the North America Digital Printing Packaging Market
In the field of packaging, printing, and labeling, technological developments are rising rapidly. Digital printing offers packaging personalization, production flexibility, and saves packaging time to market. Due to various equipment improvements and technological developments, brand owners and packaging converters are preferring digital printing. Innovation in digital printing offers solutions for companies to reduce production duration from months to days. Technological advancements in digital printing packaging also help in branding and marketing. Direct prints on packaging provide a unique look to the products. Digital printing packaging is prominently used in various industries, including food & beverages, pharmaceuticals, and personal care & cosmetics. Owing to significant technological developments in inkjet and electrophotography technologies, digital printing is emerging as one of the cost-effective and easily accessible methods for printing. Digital printing packaging is majorly used to pack food and beverage products. For food and beverages and other consumer goods companies, the digital printing technology provides high-quality packaging with the benefits of personalization, fast turnaround, reduced waste, and on-the-fly modification to pack designs. In the pharmaceuticals & cannabis sector, manufacturers are increasingly turning to digital printing to accommodate demands for localized packaging, legally required variable data, and quick & frequent changeover. Equipment advancements have made it possible to digitally print various packaging materials and formats, including food wrappers, aluminum beverage cans, and metalized-film pouches. Thus, increasing technological advancements in the digital printing packaging sector are driving the North America digital printing packaging market growth.
North America Digital Printing Packaging Market Overview
North America is one of the most developed regions in the world in almost all industries, including food, automobile, construction, manufacturing, infrastructure, and technology. Due to its highly diversified industrial market, the countries such as the US and Canada dominate the North American region's economy. North America's food & beverage and e-commerce industries have seen significant development, as these industries are end users of labeling and packaging. According to the US Department of Commerce, in 2021, total e-commerce sales in the US reached US$ 959.5 billion, an 18.3% year-over-year increase from US$ 811.6 billion in 2020. In addition, the US government implemented the roadmap to reduce US food waste by 20% through different approaches such as the diversion of food-to-food banks, education and outreach, and efforts to standardize date markings on food labels. Smart packaging is typically equipped with QR, RFID, and NFC technologies. Therefore, the increasing usage of smart labeling is expected to propel the growth of the North American digital printing packaging market during the forecast period.
North America Digital Printing Packaging Market Segmentation
The North America digital printing packaging market is segmented into ink type, packaging type, and end-use industry and country.
Based on ink type, the North America digital printing packaging market is segmented into solvent-based, UV-based, aqueous, and others. In 2022, the solvent-based segment registered a largest share in the North America digital printing packaging market.
Based on packaging type, the North America digital printing packaging market is segmented into corrugated, folding cartons, flexible packaging, labels, and others. In 2022, the corrugated segment registered a largest share in the North America digital printing packaging market.
Based on end-use industry, the North America digital printing packaging market is segmented into food and beverage, pharmaceuticals, personal care and cosmetics, and others. In 2022, the pharmaceuticals segment registered a largest share in the North America digital printing packaging market.
Based on country, the North America digital printing packaging market is segmented into the US, Canada, and Mexico. In 2022, the US segment registered a largest share in the North America digital printing Packaging market.
DS Smith Plc; DuPont de Nemours Inc; HP Inc; Mondi Plc; Quad/Graphics Inc; Weber Packaging Solutions Inc; Xeikon BV; and Xerox Holdings Corp are the leading companies operating in the North America digital printing packaging market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 6,089.84 Million |
| Market Size by 2028 | US$ 10,651.80 Million |
| CAGR (2022 - 2028) | 9.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Ink Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Digital Printing Packaging Market is valued at US$ 6,089.84 Million in 2022, it is projected to reach US$ 10,651.80 Million by 2028.
As per our report North America Digital Printing Packaging Market, the market size is valued at US$ 6,089.84 Million in 2022, projecting it to reach US$ 10,651.80 Million by 2028. This translates to a CAGR of approximately 9.8% during the forecast period.
The North America 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 North America Digital Printing Packaging Market report:
The North America Digital Printing Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Digital Printing Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Digital Printing Packaging Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+1 646 791 7070
sales@businessmarketinsights.com
Get Free Sample For North America Digital Printing Packaging Market
