In the next decade, packaging industry
will experience a significant revolution owing to the increasing
applications of digital printing. Digital printing is one of the
prominent printing technology for packaging and labels, that has been
recognized among brand owners who prefer quick-turnaround capability
which digital printing offers. Moreover, digitally printed packages
improves workflow, enables innovative marketing, and helps in quicker
marketing.
Recent advancements in the digital printing approaches for
digital carton creasing, carton cutting and other finishing technologies
has widened the application in corrugated packaging, flexible packaging
and folding cartons.
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Digital printing is transforming
packaging by providing custom variations that give products on-shelf
distinctions. Packaging substrates such as cartons, labels and
corrugated boxes have provided the eye-catching commercialization to
draw positive impact on consumers. One of the ongoing trend in the
digital printing packaging market are custom caps which opens up
colorful choices for brand owners, which in turn making a positive
impact with the consumers.
The global digital printing packaging
market is expected to witness high CAGR over the forecast period owing
to the increasing demand for different consumer products with
requirement of effective and low cost printing technology coupled with
aesthetic visual graphics. Further, increasing demand for flexible
packaging coupled with growing demand for sustainable printing has
driven the global digital printing packaging market. Despite the growth
in the demand for digital printing packaging market, the factors like
fluctuations in raw material prices, high manufacturing cost can
sometimes act as restraints in the digital printing packaging market.
The global digital printing packaging market
is segmented into five key regions namely North America, Latin America,
Europe, Asia Pacific and Middle East & Africa. Asia Pacific is
expected to remain the biggest market with the expected market share of
about 45% in 2020 as compared to around 40% in 2016 in the digital
printing packaging market. Further, Europe is also expected to
contribute significantly to the global digital printing packaging market
between 2016 and 2024, primarily due to due to major demand from food
& beverage industry. North America, Latin America and Middle East
& Africa are expected to witness steady growth over the forecast
period. In Latin America, Brazil, Argentina and Mexico are expected to
create market opportunities for companies involved in digital printing
packaging market.
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