Digital Printing For Packaging Market

Digital Printing For Packaging Market: Labels Product Type Segment Expected to Register a Peak Growth Rate of 18.0% During 2020: Global Industry Analysis and Opportunity Assessment 2017-2027

  • REP-GB-2188
  • 2017-05-09
  • 205 Pages
  • Format: pdf ppt
  • Category: Packaging

Labels segment likely to grab the highest market share in the global digital printing for packaging market by the end of the forecast period

The labels segment by product type is estimated to hold the highest market share by the end of the projected period, accounting for more than 70% of the global market share by 2027 end, up from 64.1% in 2016. The market share of the labels segment is expected to gain significant basis points due to rising demand for consumer goods and consequently labelling and packaging. The labels segment is anticipated to dominate the global market share by value, owing to the growing demand for labels in printing on a large scale. The segment is anticipated to register highest market attractiveness followed by the folding cartons segment. The labels and folding cartons segments together accounted for close to 75% of the market value share in 2016 and are forecast to account for more than 80% of the global market share by the end of the anticipated period.

The labels segment is estimated to grow 5.3X in terms of value and 5.0X in terms of volume over the forecast period. The total incremental opportunity created by the labels segment in the global digital printing for packaging market is estimated to be valued in excess of US$ 30,000 Mn over the forecast period 2017-2027.

In-house printing of labels by manufacturers producing larger number of SKUs is trending the global digital printing for packaging market

The last few years have seen an increase in preferences for SKUs that are produced by barcode label printers. These type of labels are seeing increased growth due to a growth in the production of counterfeit products and robbery of valuables. These labels also provide an advantage of managing inventories for customers of barcode printers. For instance, Colordyne Technologies, the manufacturer of digital inkjet printing systems, supplies to its clients the Colordyne 3600 Series digital printers that allow in-house label printing capabilities.

There has been a growing demand for digital printing for usage in shrink sleeves in recent years. Customers are preferring this technology due to its ability of customisation for each label while printing. Another advantage is that digital printing comes with lesser operational costs for shrink sleeves. Digital printing also provides the feature of smaller volume production runs that are not possible in other printing solutions.

Preference for the usage of digital printers has increased tremendously owing to various advantages it offers over conventional printing technologies. Digital printers are also preferred due to their capability of printing on the substrate. The trend of substrate printing on wood, glass, aluminium, etc. will create an opportunity for non-label printing technologies in future. For instance, In June 2016, Xerox launched the Xerox Production Press for Plastic Films & Substrates that can be used for printing on clamshells, lids and blister packs before thermoforming.

digital printing for packaging market

Labels product type segment accounts for almost two-thirds of the North America digital printing for packaging market

The labels segment is estimated to be valued at more than US$ 2,600 Mn in North America in 2017. The labels and folding cartons product type segments account for close to 70% of the Latin America digital printing for packaging market. In the APEJ digital printing for packaging market, the labels and folding cartons segments account for more than three-fourths of the market share of the region by product type.

Report Description

The analysts of Future Market Insights have studied the global digital printing for packaging market across different geographical regions and on the basis of the various market segments over a 10-year forecast period 2017 – 2027 and have provided a critical assessment of the opportunities available to all the companies operating in the global digital printing for packaging market. Primarily the analysts have focussed on highlighting the numerous developments that are likely to take place in the global digital printing for packaging market in the coming decade. Our analysts have studied the market extensively and have identified multiple drivers, restraints, and trends that are expected to influence the global digital printing for packaging market and consequently the business operations of the leading as well as second-in-line players functioning in the global digital printing for packaging market. Through extensive research, the analysts have studied how the different market dynamics are likely to impact the current environment and future scenario of the global digital printing for packaging market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape.

According to Future Market Insights’ analysis, even though digital printing just accounts for a small chunk of the printing market, its share is expected to grow significantly by the end of 2027. In a new report titled “Digital Printing for Packaging Market: Global Industry Analysis and Opportunity Assessment, 2017 –2027,” our analysts have indicated their research findings in a clear and concise manner. One of the observations is that though North America is currently dominating the global market with a large revenue share, the region is expected to lose its share to Asia Pacific, which is likely to emerge as the global leader in digital printing for packaging by the end of the decade.

To calculate the global digital printing for packaging market size, the report considers revenue generated from the sales of labels, films & wraps, bags & sacks, boxes, folding cartons, bottles, cans, pouches & sachets and others. Factors such as GDP, printing industry and packaging industry growth and developments in the labels and digital printer market have been considered. Average Selling Price (ASP) for printing services is considered for different printing technologies. Here market volume represents unit sales and value indicates revenue generated from sales. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter validate the market estimations.

This report commences with an overview of the market followed by key definitions and an executive summary. The analysts have also presented the market taxonomy in this section where they have segmented the global digital printing for packaging market on the basis of product and technology types, end users and region. We have also included market dynamics and have presented our independent analysis of the various factors, challenges, and market trends that we feel will define the market in the next few years. Our analysts have devoted the last section of the report to study the market performance of some of the top companies operating in the global digital printing for packaging market. The researchers have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies.

Market Segmentation

By Region

By Technology Type

By Product Type

By End Use

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

  • Liquid Toner Electrographic Printing

  • Nano-Graphic Printing

  • Stream Inkjet Technology Printing

  • Others

  • Labels

  • Films & Wraps

  • Bags & Sacks

  • Boxes

  • Folding Cartons

  • Bottles

  • Cans

  • Pouches & Sachets

  • Others 

  • Food

  • Beverages

    • Alcoholic

    • Non-Alcoholic

  • Pharmaceuticals

  • Personal Care & Cosmetics

  • Electronic Components

  • Chemicals

  • Others (Automotive Products etc.)

 Research Methodology

Future Market Insights has extensively leveraged secondary research to ascertain the overall size of the global digital printing for packaging market and top industry players. In addition, our experienced analysts have gathered relevant market insights and data by speaking to the key stakeholders based in various regions. Another notable feature of the report is an analysis of the revenue forecast of the global digital printing for packaging market by absolute dollar opportunity. While this is usually overlooked when forecasting the market, our analysts believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global digital printing for packaging market. Finally, our analysts know the importance of dissecting the different market segments in terms of their growth and performance in the global digital printing for packaging market, and towards this end, they have developed a market attractiveness index to help market players identify current and future market opportunities.