Home > Business > Digital Printing Packaging Market worth 42.11 Billion USD by 2026

Digital Printing Packaging Market worth 42.11 Billion USD by 2026

Added: (Fri Sep 07 2018)

Pressbox (Press Release) -
The "Digital Printing Packaging Market" is expected to witness high growth as a result of the growing demand for suitable printing & increasing demand for digital printing packaging.The digital printing packaging market size will grow from USD 10.14 Billion in 2015 to USD 42.11 Billion by 2026, at an estimated CAGR of 13.9%.



In terms of value, the labels segment of packaging type is accounted for the largest market share and is projected to grow at a higher CAGR during the forecast period. This growth is due to its application in almost all types of packaging variables. Labels are the mostly used packaging type as they display product information, brand identification symbols, and transportation details during shipping.



https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=249244591



In 2015, the variable data printing sector of the format segment constituted a larger share in the digital printing packaging market; this is projected to grow at a higher rate during the forecast period due to its ability to produce customized printing without slowing down the process, thus saving printing and labour costs significantly.



Food & beverages is projected to be the fastest-growing segment in the digital printing packaging market during the forecast period, as it requires packaging for storage, handling, and transportation of products.



https://www.marketsandmarkets.com/requestsample.asp?id=249244591



Growth Drivers:


• Growing Demand for Sustainable Printing


• Increasing Demand for Flexible Packaging


• Cost Effectiveness



Opportunities:


• Emerging Economies Offer Significant Growth Opportunities


• Investment in R&D Activities



Market Based on Printing Technology:


• Thermal transfer printing


• Inkjet printing


• Electrophotography & electrostatic printing


• Others (direct thermal printing)



Market Based on Format:


• Full color printing


• Variable data printing


• Large format printing


• Others (print on demand and dimensional printing)



On the basis of end use, the food & beverage sector is projected to grow at a higher rate due to the high demand for food packaging and the growing trend of variable data printing on food packages to communicate the shelf-life, composition, and nutritional value of the product.



https://www.marketsandmarkets.com/speaktoanalyst.asp?id=249244591



Factors such as fluctuations in the prices of raw material have caused an unfavorable impact on the profitability of the printing industry. The global digital printing packaging market is dominated by players such as HP Inc. (U.S.), Xerox Corporation (U.S.), Quad/Graphics Inc., Mondi plc (South Africa), i.e. Du Pont De Nemours and Company (U.S.), and Kodak Co. (U.S.).



About MarketsandMarkets™


MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact:


Mr. Shelly Singh


MarketsandMarkets™ INC.


630 Dundee Road


Suite 430


Northbrook, IL 60062


USA : 1-888-600-6441


sales@marketsandmarkets.com

Submitted by:1-888-600-6441
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.co.uk together with the url of the release.