Digital Printing Packaging Market by Printing Inks, Printing Technology, Packaging Type, End-Use Industry

Description

List of Tables

[193 Pages Report] The Digital Printing Packaging Market size was estimated at USD 33.58 billion in 2023 and expected to reach USD 36.45 billion in 2024, at a CAGR 8.95% to reach USD 61.20 billion by 2030.

Digital printing packaging is the process of applying digital images directly onto packaging materials, including paper, cardboard, plastic, and metal, using digital technology. This method allows for high-quality, detailed prints that can be customized easily and updated without the need for plates or molds, making it ideal for short runs and personalized packages. Rising demand for sustainable & environmentally friendly packaging solutions, as consumers increasingly prefer products with minimal environmental impact, has increased the applications of digital printing packaging. Additionally, the ability to quickly modify designs and produce small quantities cost-effectively makes digital printing an attractive option for businesses looking to reduce inventory costs and respond rapidly to market trends. However, limitations on the types of materials that can be used and variations in print quality depending on the equipment used may challenge the market growth. Nevertheless, increasing emphasis on customization and personalization in consumer products and the continuous push towards more sustainable packaging options present an opportunistic view for market growth. Moreover, the development of new inks and printing processes that can accommodate a wider variety of packaging materials while delivering high-quality, durable prints promises new avenues for business growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 33.58 billion
Estimated Year [2024]	USD 36.45 billion
Forecast Year [2030]	USD 61.20 billion
CAGR (%)	8.95%

Printing Inks: Popularity of water-based inks for their environmental friendliness

Solvent-based inks consist of a pigment or dye that is dissolved in a solvent and can be an organic compound that evaporates quickly. When these inks are applied to a substrate, the solvent evaporates, leaving the pigment behind on the surface. This process allows the ink to adhere well to a wide variety of materials, including plastics, metals, and glass, making solvent-based inks a popular choice for packaging that requires durability and resistance to elements, including water or chemicals. Key benefits of solvent-based inks include their robustness and longevity, as well as their bright, vibrant colors. They are particularly valued in applications where the packaging will be exposed to harsh conditions or where long-lasting print quality is essential.

Water-based inks use water as the primary solvent to disperse the pigment or dye. When these inks are applied to a substrate, the water acts as a carrier for the pigment, and as the water evaporates, the pigment remains, forming the printed image. These inks are widely appreciated for their environmental friendliness, as they emit significantly fewer VOCs compared to solvent-based inks. Water-based inks are well-suited for printing on porous substrates such as paper and cardboard, making them an excellent choice for many types of packaging, especially where sustainability is a priority. They offer good print quality and are safer for workers and the environment.

End-Use Industry: Proliferation of digital printing in packaging of various electronics in response to new product launches or updates

In the electronics industry, digital printing allows for high-quality, vibrant packaging that can reflect the innovation and sophistication of the products within. It offers the flexibility to update packaging design rapidly in response to new product launches or updates, a frequent occurrence in this fast-paced industry. Moreover, the ability to incorporate unique identifiers, such as QR codes or serial numbers, enhances security and trackability, an essential factor for high-value electronics. The food and beverage sector greatly benefits from the versatility of digital printing packaging. Given the industry's dynamic nature, brands constantly seek to stand out on crowded shelves with eye-catching designs. Digital printing accommodates short runs economically, making it ideal for limited-edition flavors or seasonal offerings. Additionally, it supports compliance with stringent labeling requirements by allowing for easy updates.

For household and cosmetic products, packaging plays a pivotal role in consumer attraction and brand loyalty. Digital printing offers unmatched design flexibility, enabling brands to experiment with bold colors, intricate patterns, & varying finishes that catch the consumer's eye. This sector often sees frequent product variations and extensions. Packaging in the pharmaceuticals and healthcare industry must meet rigorous standards for safety, security, and regulatory compliance. Digital printing excels in this area, facilitating the inclusion of detailed product information, patient instructions, and anti-counterfeit measures such as tamper-evident seals or unique product identifiers. The adaptability of digital printing is crucial for accommodating the rapidly changing regulatory landscape and for producing packaging suited to the global market, with the added advantage of easily printable multi-language instructions.

Regional Insights

The digital printing packaging market in the Americas is characterized by high technological adoption and innovation. The region's strong focus on sustainability and personalized packaging has fueled the growth of digital printing in packaging solutions. The United States leads the market, supported by advanced manufacturing infrastructure and the presence of major players in the digital printing industry. The demand for digital printing in packaging is driven by various sectors, including food and beverage, pharmaceuticals, and cosmetics, reflecting a trend toward more personalized and flexible packaging options that cater to evolving consumer demands. The EMEA presents a diverse picture where Western Europe, especially Germany, the United Kingdom, and France, is at the forefront, leveraging high-quality digital printing technologies to meet stringent environmental regulations and consumer demands for personalized packaging. The Middle East is witnessing a growing demand for high-quality, personalized packaging, driven by its expanding retail and e-commerce sectors. Meanwhile, Africa presents a nascent market with significant growth potential, as increasing urbanization and consumer spending power drive demand for packaged goods. The Asia Pacific region showcases the fastest-growing landscape for digital printing packaging, fueled by rapid economic growth, urbanization, and the rising demand for consumer goods. Countries including China and India are leading the charge with their vast consumer bases and burgeoning e-commerce platforms. Technological advancements and increasing awareness of sustainable packaging solutions are also contributing factors to the market's growth in this region. Additionally, the Asia Pacific benefits from a highly competitive market environment, encouraging innovation and driving down costs for digital printing solutions.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Digital Printing Packaging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Digital Printing Packaging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Digital Printing Packaging Market, highlighting leading vendors and their innovative profiles. These include Amcor plc, Ball Corporation, Canon Inc., CCL Industries Inc., Constantia Flexibles Holding GmbH, Creative Labels Inc., Dai Nippon Printing Co., Ltd., DS Smith Plc, DuPont de Nemours, Inc., Eastman Kodak Company, Elanders AB, HP Inc., Krones AG, Nosco, Inc., Packman Packaging Private Limited, Quantum Print & Packaging Ltd, Smurfit Kappa Group, Sonoco Products Company, Stora Enso Oyj, Sun Print Solutions, Tailored Label Products, Inc., THIMM THE HIGHPACK GROUP, Traco Packaging by Traco Manufacturing, LLC, Weber Packaging Solutions Inc., WestRock Company, and Xerox Corporation.

Market Segmentation & Coverage

This research report categorizes the Digital Printing Packaging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Printing Inks
- Solvent-Based
- Water-Based

Printing Technology
- Electrophotography Printing
- Inkjet Printing
- Solid Ink
- Sublimation Printing
- Thermal Transfer Printing

Packaging Type
- Corrugated
- Flexible Packaging
- Folding Cartons
- Labels

End-Use Industry
- Electronics
- Food & Beverage
- Household & Cosmetic Products
- Pharmaceuticals & Healthcare

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Digital Printing Packaging Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Digital Printing Packaging Market?

3. What are the technology trends and regulatory frameworks in the Digital Printing Packaging Market?

4. What is the market share of the leading vendors in the Digital Printing Packaging Market?

5. Which modes and strategic moves are suitable for entering the Digital Printing Packaging Market?

Product Code: MRR-02026C4C8A8D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand from the food & beverages and personal care industries
  - 5.1.1.2. Rising focus on flexible packaging
  - 5.1.1.3. Accelerating demand for product presentability
- 5.1.2. Restraints
  - 5.1.2.1. Variations in the prices of the raw material
- 5.1.3. Opportunities
  - 5.1.3.1. Development in the manufacturing and consumer goods sectors
  - 5.1.3.2. Increasing requirement for effective and low-cost printing technology coupled with aesthetic visual graphics
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding color restoration stability
5.2. Market Segmentation Analysis
- 5.2.1. Printing Inks: Popularity of water-based inks for their environmental friendliness
- 5.2.2. End-Use Industry: Proliferation of digital printing in packaging of various electronics in response to new product launches or updates
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Digital Printing Packaging Market, by Printing Inks

6.1. Introduction
6.2. Solvent-Based
6.3. Water-Based

7. Digital Printing Packaging Market, by Printing Technology

7.1. Introduction
7.2. Electrophotography Printing
7.3. Inkjet Printing
7.4. Solid Ink
7.5. Sublimation Printing
7.6. Thermal Transfer Printing

8. Digital Printing Packaging Market, by Packaging Type

8.1. Introduction
8.2. Corrugated
8.3. Flexible Packaging
8.4. Folding Cartons
8.5. Labels

9. Digital Printing Packaging Market, by End-Use Industry

9.1. Introduction
9.2. Electronics
9.3. Food & Beverage
9.4. Household & Cosmetic Products
9.5. Pharmaceuticals & Healthcare

10. Americas Digital Printing Packaging Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Digital Printing Packaging Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Digital Printing Packaging Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. The HP and Esko Strategic Alliance Revolutionizing Digital Print Packaging
- 13.3.2. Revolutionizing Aseptic Carton Packaging: SIG's Launch of Digital Printing Solutions in Europe
- 13.3.3. Introducing Prismiq: Revolutionizing the Food Supply Chain with Innovative Packaging Solutions
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio