Global Digital Printing Packaging demand is anticipated to be valued at USD 18,666.50 million in 2023. The market is forecast to register a CAGR of 5.1% to be valued at USD 30,696.45 million by 2033. The growth of the digital printing packaging industry is attributed to the growing demand for flexible packaging.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2018 to 2022) | 4.4% CAGR |
| Expected Market Value (2023) | USD 18,666.50 million |
| Anticipated Forecast Value (2033) | USD 30,696.45 million |
| Projected Growth Rate (2023 to 2033) | 5.1% CAGR |
Digital printing produces higher-quality prints than traditional printing. To print all of the colors, only one pass is necessary. Thanks to digital printing technology, changes can be made even at the last minute before printing. Because there is no need for water, photo chemicals, or pre-press processes, digital printing packaging is considered an environmentally sustainable printing procedure.
There is a high demand for digital printing packaging from various industries such as cosmetics, pharmaceuticals, food & beverage, and electrical & electronics.
An increase in the funds for research and development activities by developed countries is one of the key factors that are expected to provide potential opportunities for the growth of digital printing for the packaging market in the coming years.
On the contrary, factors such as variations in the costs of raw materials are expected to hamper the market growth in the forthcoming years.
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Digital printers provide printing with more efficiency and better quality printing than the conventional printing method. Therefore, the demand for digital printing packaging is expected to rise during the forecast period.
In addition, the low operating cost of digital printing attracts many customers, one of the key factors expected to boost the digital printing packaging industry over the analysis period.
The demand for digital printing packaging is growing due to its capacity to produce short print runs economically. Printing on demand is helping to reduce waste, which ensures that changes in new packaging and graphic designs may not result in unused stock.
Significant technological developments in inkjet and electrophotography printing technologies indicate that digital printing is emerging as one of the cost-effective as well as easily accessible methods for printing.
Sustainable printing helps to reduce the impact on the environment. It makes use of recycled and renewable resources. Process-free plates such as cold press plates are used, which help eliminate volatile compounds, owing to which the usage of digital printing is increasing. Unlike conventional printing, digital printing does not use film plates or photo chemicals, eliminating the pre-press stages between the digital document file and the final print.
The use of digital printers prevents the replacement of plates and eventually saves time and resources. This method of printing can improve the green credentials of any company.
Digital presses, moreover, do not emit harmful emissions, so they do not need the ventilation required for offset presses. This eases their overall energy consumption. Also, as sustainable printing makes use of recycled resources, digital presses make use of a wide range of recycled substrates for printing. In addition to that, cost efficiency is further estimated to cushion the growth of digital printing for the packaging market.
Over the past few decades, the printing industry has faced tremendous pressure to deliver high-quality prints at a lower cost. The fluctuations in the prices of raw materials have caused an unfavorable impact on the profitability of the printing industry. Paper, ink, and other materials comprise about 30% of the total cost.
The variations in the costs of the raw materials are a crucial factor expected to hinder the growth of the digital printing for packaging market during the forecast period. In addition, the agreement with the strict guidelines might further challenge the growth of the digital printing for packaging market soon.
Packaging and printing regulations ensure that the printing practices undertaken have a reduced environmental impact. Stringent printing regulations in Europe, such as the European environmental legislative framework, ensure that the emissions of volatile organic compounds are under control. The European printing industry is also committed to reducing carbon dioxide emissions and helping reduce the carbon footprint. The European Timber Regulation that came into existence in 2013 ensures that the paper products used in printing are not derived from illegal logging.
The United States Food and Drug Administration and the Federal Food and Drug Cosmetics Act ensure that the ink used for printing on food packaging is manufactured under good manufacturing practices and is safe to use. According to the Federal Food, Drug, and Cosmetic Act, the ink used for printing on food packaging needs to adhere to the food additive regulations as printing ink is considered a food additive.
Regarding regional platforms, North America holds a substantial market share in the digital printing packaging industry. The region is expected to surge to over 27.0% share in 2023.
North America dominates the digital printing for the packaging market, owing to the terms of revenues. In addition, the occurrence of leading players is expected to further boost the growth of the region's digital printing for packaging market during the forecast period.
Factors such as the rise in the demand for flexible packaging and the increase in the demand for sustainable printing is further anticipated to propel the growth of digital printing in the region.
According to Future Market Insights, Europe is expected to hold significant growth opportunities for the digital printing packaging industry and reach a share of 21.0% in 2023.
Europe has grown rapidly in packaging industries such as corrugated paper, folded cartons, and flexible packaging. Furthermore, advancements in metal printing have fueled regional growth. Leading players in the digital printing for packaging sector in the United Kingdom and Germany are expanding their business through a network expansion.
The Middle East and Latin America are projected to witness steady growth in the market due to the high popularity of electrophotography & electrostatic printing, signifying their ability to print images impeccably in quality with outstanding resistance to withstand various climatic conditions.
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According to Future Market Insights, the Asia Pacific is expected to record lucrative growth opportunities for the digital printing packaging industry. It is expected to reach a significant share of 18.0% in 2023.
The cosmetic industry in the Asia Pacific region is growing due to the rise in working women, increased spending of the masses on cosmetic products, and an increase in the young population in the region. This industry is expected to contribute significantly to the growth of the digital printing packaging industry. The increasing population, improving living standards, self-care awareness, and rising e-commerce activities have increased this region's demand for cosmetic products.
The emerging economies of China and India are high-growth markets for skincare, haircare, and makeup products, supported by the economic growth in these countries and increased consumer spending on cosmetic products. All these factors are expected to drive the growth of the Asia Pacific cosmetics, beauty & personal care market, thus driving the demand for digital printing packaging.
According to Future Market Insights, the Middle East & Africa are expected to provide significant growth opportunities for the digital printing packaging industry and reach a share of 9.0% in 2023.
Factors such as increased demand from multiple application areas in the region, such as cosmetics and beverages, are expected to propel the market growth over the analysis period.
Kuwait, Saudi Arabia, and Qatar are the key consumer due to the increasing demand from the food & beverage industry. This is attributable to the high demand for food packaging and the growing emphasis on packaged foods to share information about the product's storage life, composition, and nutritional content.
There are many prominent market players in the digital printing packaging industry, such as Canpac, Scodix, Tango Press, Sai Security Printers, Uflex, Om Xpress Print Pack, Studio Fyul, and JK Labels, among others, that are working hand-in-hand to provide the best-in-class digital printing packaging for enhancing the global arena.
However, many global start-ups in the digital printing packaging industry are stepping forward to match the requirements of the digital printing packaging domain.
Some key participants present in the global digital printing packaging market include HP Inc., Xeikon N.V., Eastman Kodak Company, Landa Corporation Ltd., Quad/Graphics Inc., Tailored Label Products Inc., Creative Labels Inc., Reynders Label Printing, DS Smith Plc, Thimm Group, Traco Manufacturing Inc., WS Packaging Group Inc., Elanders, Colordruck Baiersbronn and Mondi Plc., among others.
Due to the presence of such participants, the market is highly competitive. While global players such as HP Inc., Xeikon N.V., Eastman Kodak Company, and Landa Corporation Ltd. account for considerable market size, several regional-level players also operate across key growth regions, particularly in North America.
Recent Development:
| Attribute | Details |
|---|---|
| Forecast Period | 2018 to 2022 |
| Historical Data Available for | 2023 to 2033 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; The Middle East & Africa; East Asia; South Asia; Oceania |
| Key Countries Covered | China, Mexico, India, United States, Canada, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, Thailand, Indonesia, Malaysia, Japan, South Korea, Australia, New Zealand, Gulf Cooperation Council Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Print Technology Type, Product Type & End User |
| Key Companies Profiled | HP Inc.; Xeikon N.V.; Eastman Kodak Company; Landa Corporation Ltd.; Quad/Graphics Inc.; Tailored Label Products Inc.; Creative Labels Inc.; Reynders Label Printing; DS Smith Plc; Thimm Group; Traco Manufacturing Inc.; WS Packaging Group Inc.; Elanders; Colordruck Baiersbronn; Mondi Plc. |
| Customization & Pricing | Available upon Request |
In 2023, the market is expected to be worth USD 18,666.50 million.
North America commands a sizable portion of the global market, accounting for 27% of the total.
The market is poised to endure at a 5.1% CAGR through 2033.
The global market is anticipated to be worth USD 30,696.45 million by 2033.
Europe is going to handle 21% of the market share.
| Estimated Size, 2024 | USD 142.3 billion |
|---|---|
| Projected Size, 2034 | USD 194.3 billion |
| Value-based CAGR (2024 to 2034) | 3.2% |
| Estimated Market Value (2023) | USD 353.7 billion |
|---|---|
| Projected Market Size (2033) | USD 592.8 billion |
| Value-based CAGR (2023 to 2033) | 5.3% |
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