The strong preference for printed and customization packaging is expected to augment the digital folding cartons market
With the elimination of additional fees for advertising and targeted marketing, the industry of digital folding cartons continues to evolve. The rise of delivery services like Deliveroo in the United Kingdom is expected to boost sales of digital folding cartons during the forecast timeframe. Variants with configuration options such as variable printing, serialization, and track & trace, among others, are emphasized by digital folding carton makers.
According to our research results, the global packaging market has evolved significantly over the last decade. Digital folding cartons are primarily employed in food packaging and brand advertising. In the previous ten years, digital printing has made an impact on the packaging sector. As automakers and brands involved in transforming their packaging formats to create them consistent with digital printing presses, the packaging industry demonstrated to be a catalyst for the expansion of the printing industry.
Consumers' changing shopping habits and food patterns have opened the way for the global digital folding cartons market to expand. Packaging has risen to prominence as one of the most effective branding tools in the world in recent decades. As a result, digital folding cartons are distinctively positioned to capitalize on the new ventures presented by the same. As a result, the global folding cartons market's growth is predicted to remain largely positive during the forecast years.
During the projected period, the North American and Western Europe digital folding cartons markets are anticipated to dominate the global digital folding cartons market. This is due to these regions' well-established retail chains, as well as higher customer acknowledgment and demand for novel technologies.
The priority for printed and customization packages in these regions is likely to boost the expansion of the digital folding cartons market throughout the forecast period. Expanding modern retail permeability and development in printed packages in the Asia Pacific region is predicted to increase digital folding carton revenues in the region, assisting it to record the highest CAGR among other regions over the coming ten years.
According to our research, enterprises must also overcome several challenges to adopt market growth. One key factor that may create obstacles to developing the digital folding cartons market is offset printing's dominant market position.
FMI recently completed a thorough examination of key manufacturers and their most recent developments. CCL Industries Inc., Quad/Graphics Inc., Quantum Print and Packaging Ltd., Traco Manufacturing, Inc., Xeikon N.V., and Xerox Corporation are some of the key players within the global digital folding cartons market.
Folding cartons are paperboards that are cut, folded, laminated, and printed for packaging of a variety of goods. Although folding cartons are highly preferred owing to their availability in different shapes and sizes, many brand owners make extra efforts to differentiate their product at point-of-sale. The objective is to achieve a high degree of consumer convenience as well as make an impact at the shelf, which in turn influences the purchasing decisions of consumers.
The changes in shopping preferences and eating habits of consumers have paved way for the growth of the global digital folding cartons market. Over the years, packaging has assumed a crucial position as one of the most efficient branding tools across the world. Digital folding cartons are therefore uniquely positioned to leverage the growth opportunities presented by the same. As a result, the outlook for the growth of the global folding cartons market is expected to remain largely positive during the forecast period.
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The global packaging market has undergone significant transformation in the past decade. Digital folding cartons mostly find applications in food packaging and brand advertisement. Digital printing has made its mark on the packaging industry in the last ten years. The packaging industry has proved to be a catalyst for the growth of the digital printing packaging market, as manufacturers and brands invested on converting their packaging formats so as to make them compatible with digital printing presses.
Digital folding carton manufacturers emphasize on variants with customization features such as variable printing, serialization, and track & trace, among others. One of the key factors supporting the growth of the global digital folding cartons is the elimination of extra charges for promotional and targeted marketing. The increase in delivery services such as Deliveroo in the UK, are expected to increase sales of digital folding cartons during the forecast period.
Furthermore, digital printing also enable embossing the cartons in Braille language to aid visually challenged people. One key factor which might pose as challenges for the growth of the digital folding cartons market is the current market dominance of offset printing. However, digital printing with its advantages of cost-effective short runs, customizability, and quick turnaround is expected to gradual gain market share during the forecast period.
The North America and Western Europe digital folding cartons market are expected to spearhead the global digital folding cartons market during the forecast period. This is attributed to the well-established retail sector in these regions, along with a high consumer acceptance and demand for new technologies.
High preference given to printed and customizable packages in these regions is likely to further supplement the digital folding cartons market growth during the forecast period. Increasing penetration of modern retail and growth in printed packages in the Asia Pacific region is expected to boost digital folding carton sales in the region, helping it to register the highest CAGR among other regions, during the next ten years.
One of the key players which operate in the global digital folding cartons market is – CCL Industries Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Globally, the digital folding cartons market has been segmented as –
On the basis of material used, the global digital folding cartons market is segmented as –
On the basis of end use, the global digital folding cartons market is segmented as –
On the basis of region, the global digital folding cartons market is segmented as –
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