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Digital Printing Packaging Industry Grow at CAGR of 10.5% by 2023 –Foresight Research

Digital Printing Packaging Market valued at USD 11.10 billion in 2015 is projected to grow at a CAGR of 10.5% during the forecast period | Digital Printing Packaging Market

 

Pune, Maharashtra -- (SBWIRE) -- 05/11/2017 -- Digital Printing Packaging Market, valued at USD 11.10 billion in 2015 is projected to grow at a CAGR of 10.5% during the forecast period.

Market Highlights

Packaging industry will undergo a revolution due to the increasing applications of digital printing. Digital printing for packaging is a concept specifically introduced to attract consumers. This method includes printing of digital images or text on the product package. The increasing demand for flexible packaging coupled with growing demand for sustainable printing has been driving the global digital printing packaging market. Digitally printed packages improve workflow and enable innovative marketing. They help the brand owner for quicker marketing and promotion of the brand. These are the main factors fueling the market growth.

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Asia-Pacific Is the Largest Growing Market

On the basis of region, global digital printing packaging market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the digital printing packaging market. Rapid growth in e-retail sector is the primary driving factor of digital printing packaging market in Asia-Pacific region. Additionally, the rising consumer awareness and increase the demand of packaged food are also fueling the demand of this market. This region is expected to grow at the fastest pace during the forecast period.

Europe is also expected to contribute significantly to the global digital printing packaging market mainly due to major demand from food & beverage industry. North America region and Rest of the World are expected to witness steady growth over the forecast period.

Key Players
-W S Packaging Group, Inc (U.S.)
-Weber Packaging Solutions Inc. (U.S.)
-Xerox Corporation (U.S.)
-Xeikon N.V. (Netherlands)
-Hewlett-Packard Inc. (U.S.)
-Mondi Group (South Africa)
-E.I. du Pont de Nemours and Company (U.S.)
-Quad Graphics, Inc. (U.S.)
-Labels in Motion (U.S.)
-Reel Appeal Limited(U.K.)

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Digital Printing Packaging Market Information from 2016 to 2023"

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Scope of the Report

This study provides an overview of the global digital printing packaging market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global digital printing packaging market as packaging type, technology, application and end user.

By Packaging Type
-Labels
-Flexible Packaging
-Other

By Technology
-Inkjet
-Electrophotography
-Others

By Application
-Boxes
-Bottles
-Cans
-Others

By End-User
-Food & Beverages
-Personal care
-Pharmaceuticals
-Electronics Goods
-Others

Market Research Analysis

On the basis of end user, global digital printing packaging market is segmented as food & beverages, personal care, pharmaceuticals, electronics goods and others. Out of them, the food & beverages sector dominate the end user segment of global digital printing packaging market. It accounts for the largest share mainly due to the growing demand for packaged food from developing as well as developed country. Additionally, the rising health consciousness among consumers also drives the growth of this market.

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