Global digital printing packaging market set to reach $46.2 billion by 2029, growing at 8.9% CAGR.

From GlobeNewswire: 2024-05-27 04:00:00

The Global Digital Printing Packaging Market is set to reach USD 46.2 billion by 2029, growing at a CAGR of 8.9%. This market utilizes digital technology to create custom packaging materials, offering benefits like customization and quicker turnaround times. The growth is fueled by consumer demand for personalized packaging and sustainable solutions.

Key players in the market include DS Smith Plc, Smurfit Kappa Group, and CCL Industries. Drivers include customization demand, while the challenge is limited application scope. UV-based printing ink and inkjet printing are expected to experience high growth, with labels and pharmaceuticals as key segments. Asia Pacific is the largest market.

UV-based printing ink is projected to have the highest CAGR, driven by its fast curing process and versatile applications. Inkjet printing is set to grow due to its efficiency and high-quality output. Variable data printing is experiencing significant growth, allowing for personalized packaging designs. Labels are seeing high demand for their versatility and customization capabilities.

The Pharmaceuticals and healthcare industry is projected to have the highest CAGR, driven by the need for personalized medication and regulatory requirements. Asia Pacific is set to grow significantly due to urbanization and changing consumer preferences. The region is witnessing increased demand for packaged goods across various industries, leading to a surge in the digital printing packaging market.



Read more at GlobeNewswire: Digital Printing Packaging Market worth $46.2 billion by