As per Future Market Insights, the market for electrophotography printing for packaging is likely to witness a CAGR of 8% from 2022 to 2032. During the said assessment period, the market is expected to make significant gains, reaching a valuation of USD 21 Billion in 2022, and further to USD 45.33 Billion in 2032.
Electrophotography printing for packaging is one of the most preferred digital printing technology. Electrophotography printing for packaging improves the efficiency of the work process, quicker marketing, and empowers innovative marketing.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | USD 21 Billion |
| Projected Market Value in 2032 | USD 45.33 Billion |
| Growth Rate (2022 to 2032) | 8% CAGR |
Packaging is essential and makes the product glamorous to stand it out from crowds. Packaging and labeling help in finding and fixing the means of identification for a product. Industries such as food & beverage, cosmetics & personal care, and pharmaceuticals primarily contribute to the growth of electrophotography printing for the packaging market.
The packaging industry is expected to become the fastest-growing market in the forecast period due to the increase in the number of labels and tags since they provide information, brand identification symbols, and transportation shipment details of the products.
Due to the higher quality of printing and more efficient working speed, the market for electrophotography printing has seen substantial growth over the forecast period. Electrophotography printing consists of two types,
Liquid electrophotography printing for packaging has a faster print speed with high output as compared to dry toner electrophotography printing. While in dry toner electrophotography printing, the toner is directly printed from air to substrate which would decrease the drying time as compared to liquid toner electrophotography. All these are a few of the key factors driving the market for electrophotography printing for packaging.
FMI research indicates electrophotography printing for packaging shows great potential for not only durability but improving outcomes for buyers in different areas.
The electrophotography printing for packaging should meet the objectives like:
Electrophotography printing for packaging system vendors is leveraging technological advancements to develop new and innovative products with different sizes, shapes, and materials with eye-catching graphics to bring out the best in the packaging industry.
Also, the manufacturer of electrophotography printing for packaging has increased R&D to develop sustainable materials including paper and recycled plastic to address sustainability and the issue of growing plastic waste.
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In recent few years, the packaging industry has seen a significant demand for increasing application of digital printing techniques. Electrophotography printing for packaging is one of the most preferred digital printing technology.
Electrophotography printing for packaging improves the efficiency of the work process, quicker marketing and empowers innovative marketing. Due to the higher quality of printing and more efficient working speed, the market for electrophotography printing has seen substantial growth over the forecast period.
Electrophotography printing consists of two types, dry toner electrophotography printing, and liquid toner electrophotography printing. Both the type of electrophotography printing have their unique advantages. Liquid electrophotography printing for packaging has faster print speed with high output as compared to dry toner electrophotography printing.
While in dry toner electrophotography printing, the toner is directly printed from air to substrate which would decrease the drying time as compared to liquid toner electrophotography. All these are the few of the key factors driving the market for electrophotography printing for packaging.
Electrophotography printing for packaging is estimated to witness tremendous growth of 14% over the forecast period 2017-2025. Furthermore, the preference for electrophotography printing for packaging due to several values added features such as faster printing speed with high output are driving the market.
In addition, customers are mainly focusing on the print quality; as a result of the better print quality of electrophotography printing for packaging the market is expected to have subsequent growth. All these factors create the growth opportunity for electrophotography printing for the packaging market.
Moreover, the market for electrophotography printing for packaging is restricted by digital printing which incurs high per unit cost for larger volumes, and secondary packaging is preferably printed using conventional printing technology.
Social media trends such as unboxing and sharing brand preference are challenging the labeling and packaging market for electrophotography printing to find branding solutions through the printing of secondary packaging.
The global electrophotography printing for packaging market can be divided into seven major regions which are as follows -
North America is expected to dominate the electrophotography printing for packaging market followed by Europe. Asia-Pacific is anticipated to be the fastest growing market due to the preference for electrophotography printing for packaging.
Europe is expected to have a steady growth of electrophotography printing for packaging market over the forecast period. Latin America has shown healthy growth of electrophotography printing for the packaging market. The Middle East & Africa region have seen a stagnant growth of electrophotography printing for the packaging market.
Few of the key players in the electrophotography printing for packaging market are HP Inc., Xeikon N.V., Domino Printing Sciences plc, Eastman Kodak Company, Seiko Epson Corporation, Tailored Label Products, Inc., Quad/Graphics, Inc., Creative Labels Inc., DS Smith Plc, Reynders Label Printing, Traco Manufacturing, Inc., Thimm Group GmbH + Co. KG, Elanders AB, Ws Packaging Group, Inc., Colordruck Baiersbronn W. Mack GmbH & Co. KG, etc.
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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.
The global electrophotography printing for packaging market can be segmented by the technology type, by packaging type, and by end user base.
| Expected Market Value in 2022 | USD 21 Billion |
|---|---|
| Projected Market Value in 2032 | USD 45.33 Billion |
| CAGR (2022 to 2032) | 8% |
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