Digital Printing Packaging Market

2021 Preview and Analysis: Digital Printing Packaging Market by Print Technology - Liquid Toner Electrophotography Printing, Nano-graphic Printing, and Inkjet Technology for 2021-2031

Digital Printing Packaging Market Snapshot

As per recently updated report by Future Market Insights, the digital printing packaging market is anticipated to rise consistently at a CAGR of 6.5% during the forecast period 2021-2031. Driven by rising demand for sustainable printing and flexible packaging, the digital printing packaging market is expected to reach volume of more than 464,069 Mn Units in 2021.

Despite challenges posed by COVID-19 outbreak, digital printing packaging market registered 6.0% year-on-year growth between 2020 and 2021. The market registered 5.5% CAGR between 2016 and 2020. Against this backdrop, FMI projects the digital printing packaging market valuation to surpass US$ 17,137 Mn in 2021.

Key Points Covered In Digital Printing Packaging Market Research

  • Market Estimates And Forecast 2021 - 2031
  • Key drivers and restraints impacting the  market growth
  • Segment wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Digital Printing Packaging Market and How to  Navigate
  • Recommendations on Key Winning Strategies

Digital Printing Packaging Market Future Outlook Brighter In Comparison To Historic Growth

The global digital printing packaging market is expected to register a CAGR of 6.5% during the forecast period 2021-2031.

Digital printing packaging is considered to be eco-friendly printing process as there is no usage of photo-chemicals, water and pre-press stages, making it surge across different sectors across the globe.

Recent developments in the digital printing advent for carton cutting, digital carton creasing and other technologies has widened the scope of application in flexible packaging, corrugated packaging and folding cartons.

Other contemporary trends gaining recognition in digital printing packaging market include customized caps which unfold colorful choices among industrialists, thereby positively impacting consumer choice and spurring the market growth.

Key players operating in the global digital printing packaging market are focusing on strategies such as mergers & acquisitions and partnerships in order to increase their market share.

For instance, in February 2018, WS Packaging Group announced its acquisition by Platinum Equity, an accomplished company in the sector of packaging. This acquisition will further create new avenues of growth for both the companies.

Several existing companies in the digital printing market are also focusing on launching new products into the market,

For instance, in March 2021, SCREEN Graphic Solutions Co, Ltd., executed development of its PacJet FL830, a novel fast-moving, water-based inkjet system particularly designed for the

Digital Printing Packaging Market Key Research Finding

  • The global digital printing packaging market size in 2019 is expected to be ~US$ 15 Bn.
  • The digital printing packaging market is anticipated to witness a CAGR of ~6.0%, during 2019-2029.
  • North America is expected to account for a fourth of the global digital printing packaging market in terms of revenues.
  • Among the various product type segments, labels are expected to be prominent in terms of sales, followed by flexible packaging.
  • Tier 1 manufacturers of digital printing packaging are increasing their product offerings to cater to the extensive demand for digital printing.
  • The liquid toner electrographic printing segment is observed to be one of the most lucrative segments in the global digital printing packaging market.

Digital Printing Packaging Market Outlook

Digital printing is fast emerging as the next go-to technology attributed to the multifarious benefits it offers. It is becoming high lucrative due to greater production flexibility, fast marketing time and greater degree of personalization.

On the operational side, the ability to integrate digital presses has been a welcome development. As the COVID-19 pandemic expands its tentacles, social distancing norms across several countries are tightening.

This is generating massive demand across the e-commerce sector for various consumer products. Consequently, packaging companies are experiencing heightened business prospects as retailers seek robust packaging solutions.

In order to ensure timely delivery of goods, packaging companies are relying heavily on digital printing solutions so as to reduce the packaging time. Techniques such as virtual and smart labelling are becoming highly prevalent across the global Digital Printing Packaging landscape.

In October 2020, HP Inc. officially announced the launch of a series of new print solutions for the healthcare industry. These solutions include a new Healthcare Edition MFP Keyboard series and touch-enabled control panels, capable of regular disinfection, reducing the risk of transmitting hospital acquired infections, especially in light of the current pandemic.

In April 2020, Kodak unveiled the SONORA NX2 Process Free Plate, with the objective of providing more efficient printing solutions to Japanese newspaper and media houses. The SONORA NX-2 Plate is purpose specific, with the intention of shaving off printing time and costs. However, the performance quality is not likely to be compromised.

Also, in October 2020, Thimm Packaging Group sold its production site in Puebla, Mexico, to the Tri-Wall group, with the objective of maintaining a consistent supply of single-use and reusable multi-material packaging to existing customers across North America.

Moreover, the company intends to concentrate more on further development of their European domestic markets.

Key Factors Shaping The Global Digital Printing Packaging Market

Digital Printing Highly Preferred For Printing Jobs Of Shorter Run Lengths

Conventional printing technologies incur high initial setup costs and hence, per unit cost is high for low volume printing.

Moreover, a high frequency of orders of shorter run lengths requires scheduling multiple jobs and frequent plate changing.

Customized communications, as part of packaging strategy, have led to a downward trend in run sizes.

Manufacturers are looking for more precise ways of defining the equipment type and longer run lengths for printing.

It is also observed that print service suppliers are mainly aiming to automate their printing technology.

Therefore, short print jobs for packaging have permitted digital printing machinery manufacturers such as HP and Xeikon, to supply technology, which addresses the challenges in modern printing.

Solutions For Variable Data Printing (VDP) Requirements

Digital Printing Packaging incurs a lower total cost for smaller amounts of printing jobs as compared to conventional printing technologies.

Thus, companies can now print smaller quantities of packaging solutions with digital printing, with variable information, allowing the possibility of an innovative approach to packaging solutions.

Variable data printing has ensured business opportunities for the Digital Printing Packaging market through possibilities, including printing static elements onto packaging or printing a combination of static and variable elements.

In March 2017, Xeikon launched Xeikon PX3000 digital printer that allows variable data printing through multiple file-formats and prints at higher speeds as compared to previous presses.

Digital Printing Packaging Market: Structure Analysis

  • The global digital printing packaging market is a fragmented market due to the extensive presence of regional players.
  • Some of the major players in the digital printing packaging market include Eastman Kodak Company, Xeikon N.V., HP Inc., and Quad/Graphics, Inc.
  • Leading manufacturers in the digital printing packaging market are improving their global footprint through an expansion strategy.
  • In February 2017, Elanders AB collaborated with HP Inc. for the expansion of its LGI site in Germany.
  • In May 2016, Colordruck Baiersbronn expanded its printing packaging operations by implementing the Landa S10 nanographic press in its folding carton manufacturing plant.

Digital Printing Packaging - Enhancing Customisation And Flexibility

The packaging industry is witnessing a paradigm inclination toward digital on-package printing to enhance customisation and flexibility in high as well as low volume runs.

Brands continue to uptake new possibilities, offering customers with more personalised designs that get their products to sell faster from store shelves.

Market Set To Grow 1.8X Between 2019 And 2029

The digital printing packaging continue to gain unabated popularity, as end-users look to benefit from dynamic on-package printing, to include a range of designs under same category.

New opportunities are coming to the fore, as the digital printing continues to simplify design handling complexities, reduce operational time, and enhance flexibility in product customisation and order placement.

Developing Markets Present Downstream Opportunities For Stakeholders

Stakeholders in the digital printing packaging market continue to witness measurable returns on investments in developed markets, namely, North America and Europe – collectively, these two regions account for ~50% shares.

Developing markets are likely to send ripples of growth opportunities for the market, and stakeholders are leveraging these by supporting their customers with future-proof technologies.

The Broader Outlook

Leading players in the digital printing packaging market are focused toward helping end-users explore new pathways with a ‘smart’ package, by catering to their need for greater traceability, smaller batch sizes, and product customisation.

How Growth Will Unfold

Digital printing packaging will witness the largest adoption in the food industry. However, revenues from adoption in beverage, pharmaceutical and personal care & cosmetics industries will grow relatively faster through 2029.

Digital Printing Packaging Market- Report Scope

Attribute

Details

Forecast Period

2014-2018

Historical Data Available for

2019-2029

Market Analysis

US$ Mn for Value and Units for Volume

Key Regions Covered

North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia and Oceania

Key Countries Covered

China, Mexico, India, U.S, Canada, Brazil, Germany, Italy, France, U.K., Spain, BENELUX, Russia, Thailand, Indonesia, Malaysia, Japan, South Korea, Australia, New Zealand, GCC, Turkey, Northern Africa and South Africa

Key Segments Covered

Product Type & End-Use

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.

Report Coverage

Market Overview, Demand Analysis, Market Background, COVID-19 Impact Insights, Segmental Analysis, Regional Profiling, Market Structure Analysis and Competition Analysis

Customization & Pricing

Available upon Request

Key Questions Answered In the Report

  • How much is the digital printing packaging market worth?

    The global digital printing packaging market will reach a valuation of US$ 17,137 Mn in 2021.

  • At what rate did the digital printing packaging market grow in the last five years?

    The digital printing packaging market exhibited growth at 5.5% CAGR between 2016 and 2020.

  • What is the market share of top 5 players in digital printing packaging market?

    The combined market share of top 5 players, including HP Inc., Quad/Graphics Inc, THIMM Group GmbH + Co. KG , Eastman Kodak Co. and WS Packaging Group Inc. stood at 10-15% of the overall market.

  • Which countries are key exporters of digital printing packaging?

    The top exporters of digital printing packaging include, U.S., China, Italy, Germany and France.

  • What is the North America digital printing packaging market outlook?

    The demand for digital printing packaging is expected to rise at 4.9% in North America between 2021 and 2031.

  • At what percentage will the digital printing packaging market grow in Europe?

    The Europe market is estimated to grow at an average annual rate of 3.9% in the forecast period.

  • Which countries are key producers of digital printing packaging?

    U.S., China, Italy, Japan and Germany are touted as chief producers of digital printing packaging.

  • What is driving demand of digital printing packaging market?

    Increasing demand for flexible packaging and sustainable printing is driving growth of the digital printing packaging market.

  • What are the key trends shaping digital printing packaging market growth?

    Digital Printing Capability for Direct to Substrate Printing will shape the future of digital printing packaging market.

  • What are the key statistics for digital printing packaging market in Japan and South Korea?

    Japan and South Korea held 28% and 13% respectively, in the digital printing packaging market.

Key Segment

By Print Technology Type:

By Product Type:

  • Labels
  • Flexible Packaging
    • Films & Wrap
    • Bags & Sacks
    • Pouches & Sachets
  • Corrugated Packaging
  • Folding Cartons
  • Bottles & Jars
  • Metal Cans
  • Others

By End Use:

  • Food
  • Beverage
  • Alcoholic 
  • Non-Alcoholic
  • Pharmaceutical
  • Personal care & cosmetics
  • Electronic comp.
  • Chemicals
  • Other (Automotive, etc)

Need specific information?

In the news

How Businesses Can Utilize Market Research to Create Reactive, Recession-proof Strategies for Survival

by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights

Our Clients

View Our Reports from Packaging

View Reports

Recommendations

Digital Printing Packaging Market