The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global digital printing packaging market is on an upward trajectory, poised to evolve from $22.28 billion in 2022 to $24.44 billion in 2023 at a robust Compound Annual Growth Rate (CAGR) of 9.7%. This trend is anticipated to persist, with the market size projected to reach $34.98 billion in 2027, maintaining a CAGR of 9.4%. Let’s delve into the key drivers, market dynamics, major players, and the technological trends propelling the digital printing packaging market into a new era.

Driving Force: Cosmetic and Personal Care Boom

• Explosive Demand: The digital printing packaging market is set to flourish due to the increasing demand for cosmetics and personal care products.
• Role of Digital Printing: Digital printing facilitates personalized and eye-catching designs on personal care products, helping manufacturers effectively market their brands.
• Market Statistics: In 2021, L’Oréal S.A. reported a global cosmetic market growth of 8.2%, emphasizing the industry’s resilience, with skincare product sales increasing by 13% in the US.
• Consumer Trends: The shift in consumer preferences towards skincare products was evident, with a 13% rise, while makeup items saw a 1% increase.

Market Giants: Key Players Shaping the Landscape

• Industry Influencers: Major players in the digital printing packaging market include Canon Inc., Hewlett-Packard Development Company L.P., Fujifilm Holdings Corporation, Amcor Limited, and many more.
• Market Dynamics: These industry giants significantly impact market dynamics, playing a pivotal role in shaping the trajectory of the digital printing packaging sector.

Emerging Trend: Technological Advancements Reshaping the Market

• Technological Innovations: A key trend gaining traction in the digital printing packaging market is technological advancements.
• Comexi Group’s Digiflex: In October 2022, Comexi Group introduced Digiflex, a digital printing technology machine designed for flexible packaging and label converters. With fast printing speeds, high performance, and reduced set-up time, Digiflex incorporates innovative features that enhance efficiency and reduce material waste.

Market Segmentation: Unveiling the Layers

1. Packaging Type: The digital printing packaging market encompasses Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels, and Other Packaging Types.
2. Printing Inks: Solvent-based, UV-based, Aqueous, and Other Printing Inks form a crucial part of the market.
3. Printing Technology: Thermal Transfer Printing, Inkjet Printing, Electrophotography And Electrostatic Printing, and Other Printing Technologies contribute to the diverse landscape.
4. Format: Full Color Printing, Variable Data Printing, Large Format Printing, and Other Formats cater to various industry needs.
5. End-User Industry: Food And Beverages, Pharmaceuticals, Electronics, Personal Care And Cosmetics, and Other End-user Industries drive market growth.

Regional Dynamics: Asia-Pacific Leading the Charge

• Dominance of Asia-Pacific: In 2022, Asia-Pacific emerged as the largest region in the digital printing packaging market.
• Fastest-Growing Region: Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, emphasizing the region’s pivotal role in the market’s expansion.

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The Digital Printing Packaging Global Market Report 2023  provides an overview of the digital printing packaging market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital printing packaging market forecast analyzes digital printing packaging market size, digital printing packaging market share, leading competitor and their market positions.

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