Digital Printing Packaging Market

Digital Printing Packaging Market

The digital printing packaging market is projected to grow from USD  30.2 billion in 2024 to USD 46.2 billion by 2029 at a CAGR of 8.9%. Digital printing offers e-commerce retailers the opportunity to leverage data-driven marketing strategies and variable data printing to create personalized packaging experiences that resonate with their target audience. By incorporating elements such as customized messages, graphics, and promotions directly onto packaging materials, brands can enhance customer engagement, foster brand loyalty, and drive repeat purchases.

To know about the assumptions considered for the study, Request for Free Sample Report

Digital Printing Packaging Market Dynamics

Driver: Customization and personalization demand

The escalating demand for customization and personalization stands as a pivotal driver in propelling the growth of the digital printing packaging market. With consumers increasingly seeking unique and tailored experiences, brands are turning to digital printing technology to create packaging solutions that resonate on a personal level. Digital printing enables the efficient production of packaging designs with variable data printing, allowing brands to incorporate individualized messages, graphics, and imagery tailored to specific demographics, occasions, or preferences. This ability to offer bespoke packaging not only enhances brand differentiation but also fosters deeper consumer engagement, loyalty, and ultimately, drives purchasing decisions. As brands continue to prioritize customization and personalization as key strategies for consumer connection, the digital printing packaging market is poised for sustained growth and innovation.

Restraint: Limited application scope

While the digital printing packaging market is experiencing rapid growth, a notable restraint lies in its limited application scope compared to traditional printing methods. Digital printing technology may face challenges in effectively printing on certain substrates or accommodating specialized packaging requirements, particularly in industries with stringent regulations or unique packaging needs. Additionally, the initial investment costs associated with digital printing equipment and technologies may deter smaller packaging manufacturers from adopting this technology, further limiting its application scope. Overcoming these limitations will be crucial for unlocking the full potential of digital printing in the packaging industry and sustaining its growth trajectory in the long term.

Opportunities: Growth of the e-commerce industry

One of the key advantages of digital printing in the e-commerce sector is its ability to facilitate short print runs and on-demand production, enabling brands to efficiently manage inventory levels, reduce storage costs, and respond quickly to fluctuations in demand. This flexibility is particularly valuable in the fast-paced and dynamic e-commerce landscape, where speed-to-market and agility are essential for maintaining competitiveness and meeting consumer expectations.

Challenges: Competition from traditional printing methods

Competition from traditional printing methods presents a significant challenge in the digital printing packaging market. While digital printing offers numerous advantages such as shorter turnaround times, customization capabilities, and cost-effectiveness for short print runs, traditional printing methods still hold sway in certain segments of the packaging industry. Factors such as established infrastructure, familiarity, and perceived quality may hinder the widespread adoption of digital printing, particularly among larger packaging manufacturers. Overcoming this challenge requires digital printing providers to continually innovate, improve print quality, and demonstrate the value proposition of digital printing in terms of flexibility, efficiency, and meeting evolving consumer demands.

Digital Printing Packaging Market Ecosystem

To know about the assumptions considered for the study, download the pdf brochure

By printing technology, the Inkjet printing is projected to register the highest CAGR during the forecast period.

Inkjet printing technology has witnessed significant advancements in recent years, leading to improvements in print quality, speed, and cost-effectiveness. Enhanced printhead technology and ink formulations have resulted in sharper images, vibrant colors, and faster production speeds, enabling packaging manufacturers to meet tight deadlines without compromising on quality.

Additionally, inkjet printing offers environmental benefits such as reduced waste and energy consumption compared to traditional printing methods. With growing concerns about sustainability, many brands are turning to inkjet printing as a more eco-friendly alternative, further driving its adoption in the digital printing packaging market.

By format, the Variable data printing segment is projected to register the highest CAGR during the forecast period.

Variable data printing (VDP) offers enhanced security features that help brands combat counterfeiting and protect their products from tampering or diversion. By incorporating unique identifiers, serial numbers, or QR codes into packaging designs, brands can track products throughout the supply chain and provide consumers with assurance of product authenticity and traceability

By packaging type, the Labels segment is projected to register the highest CAGR during the forecast period.

Labels play a crucial role in providing essential product information, compliance labeling, and tamper-evident features, contributing to consumer trust and safety. With stringent regulatory requirements governing product labeling and packaging, digital printing offers brands the flexibility to update labels quickly to comply with changing regulations while maintaining consistency and accuracy.

By end-use industry, the Pharmaceuticals and healthcare segment is projected to register the highest CAGR during the forecast period.

The stringent regulatory requirements governing pharmaceutical packaging, including serialization, track-and-trace, and anti-counterfeiting measures, have further fueled the adoption of digital printing technology in the industry. Digital printing offers pharmaceutical companies the flexibility to incorporate security features such as unique serial numbers, barcodes, and tamper-evident seals directly onto packaging materials, ensuring product authenticity and traceability throughout the supply chain.

Asia Pacific is projected to account for the highest CAGR during the forecast period.

The growing emphasis on sustainability and environmental consciousness in Asia Pacific has propelled the adoption of digital printing for packaging, as it offers eco-friendly solutions such as reduced waste, lower energy consumption, and the use of environmentally friendly inks. With increasing consumer awareness and regulatory pressure to adopt sustainable practices, digital printing technology aligns well with the region's sustainability goals and is expected to witness continued growth in the coming years.

To know about the assumptions considered for the study, download the pdf brochure

Digital Printing Packaging Market Players

The digital printing packaging market comprises key players such as WestRock Company (US), DS Smith Plc (UK), CCL Industries, Inc. (Canada), Smurfit Kappa Group (Ireland), and Amcor plc (Switzerland), and others. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the digital printing packaging market.

Please visit 360Quadrants to see the vendor listing of Top 21 Flexible Packaging Companies, Worldwide 2023 

Digital Printing Packaging Market Report Scope

This research report categorizes the global digital printing packaging market based on Printing Ink, Printing Technology, Format, Packaging Type, End-Use Industry, and Region.

On the basis of Printing Ink:

• Solvent-based Ink
• UV-based Ink
• Aqueous Ink
• Other Printing Inks (latex and dye sublimation inks)

On the basis of Printing Technology:

• Thermal Transfer Printing Technology
• Inkjet Printing Technology
• Electrophotography & Electrostatic Printing Technology
• Other Printing Technologies (direct thermal printing, toner-based printing systems ionography, and magnetography)

On the basis of Format:

• Full Color Printing
• Variable Data Printing
• Large Format Printing
• Other Formats (print on demand and dimensional printing)

On the basis of Packaging Type:

• Industrial Goods
• Corrugated
• Folding cartons
• Flexible packaging
• Labels
• Other Packaging Types (rigid packaging and metal packaging)

On the basis of End-Use Industry:

• Food & beverage
• Pharmaceuticals and Healthcare
• Household & cosmetic products
• Other End-Use Industries (automotive and electronic industries)

On the basis of Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

• In September 2022, WestRock Company has installed an HP PageWide T1190 Press to complement and expand its portfolio of unmatched corrugated printing capabilities.
• In October 2023, DS Smith plc launched 'R8', a groundbreaking global Research & Development (R&D) and Innovation Centre in the UK. This industry–first facility aims to accelerate the development of revolutionary packaging fulfillment solutions through collaboration with customers and partners.
• In January 2021, the DS Smith plc has installed an EFI Nozomi C18000 Plus digital printer at its Lisbon plant (Portugal). The new device will allow 100% customised, sustainable packaging to be supplied with photographic printing quality and shorter delivery times. This new device will be able to expand its offer to customers in Portugal and Spain.
• In July 2023, CCL Industries Inc. has acquired privately held Creaprint S.L., based in Alicante, Spain. Creaprint is a specialist in mould label ("IML") producer with a manufacturing facility in Alicante, Spain, and a sales office in Miami, Florida.
• In May 2021, CCL's expansion into the folding carton market includes the installation of the world's first HP Indigo 35K Digital Press in Montreal, Canada. This B2 sheetfed press offers high-definition printing, security inks, and variable data printing, enabling multi-layered brand protection applications for health, personal care, plastic card, and high-end folding carton markets
• In October 2023, the Smurfit Kappa Group’s Design2Market Factory will expand across Europe after a successful first year in operation. The innovative facility, which enables customers to test and adapt their packaging on a small scale before market launch, will be replicated across Germany, Italy, Poland, and the UK.
• In March 2023, Smurfit Kappa Group made a USD 6.91 million investment in a color printer (UK). The addition of Gopfert HBL 2.1m was aimed at enhancing print capability and material handling in their conversion production areas.
• In August 2022, Amcor plc opened its latest Innovation Center in Jiangyin, China. The new center brings advanced packaging technologies and more sustainable material science to the Asia Pacific, assisting in the region's growth and innovation.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst