Digital Packaging and Labeling Market size is forecast to reach US$32.1 billion by 2027, after growing at a CAGR of 13.2% during 2022-2027.
The growing use of digital packaging will cause an uprising in the packaging sector. To draw customers, the idea of digital printing for packaging has been specifically presented. This technique entails printing text or digital images on product packaging.
The pharmaceuticals industry’s increasing demand is driving growth in the market for digital package labels. In the projected period of 2021 to 2028, the growth of the digital packaging label is also being significantly impacted by the strong demand from the food and beverage packaging industry. The market for digital packaging labels is expected to increase due to the aforementioned factors as well as the quickening pace of technical advancements and rising demand from the personal care industries.Furthermore, the growing purchasing power of people and the higher disposable income in developing nations, along with the rapid expansion of the e-commerce sector and the high adoption of digital packaging and labelling technologies like inkjet printing by packaging vendors, are all anticipated to drive the growth of the digital packaging label market during the aforementioned forecast period.
Digital Printing Packaging Market Dynamics
Driver: Growing demand for sustainable printing
The environmental impact of printing is lessened with sustainable printing. It uses renewable and recyclable resources. The use of digital printing is growing as a result of using process-free plates like cold press plates, which assist reduce volatile chemicals. The pre-press processes between the digital document file and the final print are eliminated with digital printing because it does not employ film plates or photo chemicals, unlike conventional printing. The usage of digital printers avoids the need to replace printing plates, thus saving both time and resources. Any organisation can increase its ecological credentials by using this printing technique. Additionally, because digital presses do not produce toxic pollutants, they do not require the same ventilation as offset presses. They use less energy overall as a result.
Restraint: Fluctuations in prices of raw materials
The printing industry has been under intense pressure for the last few decades to produce prints of higher quality for less money. The profitability of the printing business has been negatively impacted by changes in the price of raw materials. About 30% of the overall cost is made up of paper, ink, and other components. Paper prices may increase due to environmental concerns during production, whereas ink costs are impacted by changes in the price of oil and resin. Along with stricter environmental rules, occasional supply constraints, and a spike in crude oil prices brought on by several geopolitical issues, these are some of the factors contributing to the price increase. It is projected that gasoline and delivery costs will increase as well.
Digital Packaging Label Market Scope
The Digital Packaging Label Market is divided into various regions, including the United States, Canada, Mexico, Germany, Italy, Netherlands, France, Spain, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Israel, Rest of the Middle East, and Africa.
The market for digital packaging labels is further researched by nation with the highest level of granularity. The digital package label market is divided into inkjet, electrophotography, and other categories based on technology. The digital packaging label market is divided into boxes, cans, bottles, and others based on application.
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Digital Printing Packaging Market Dynamics
Global Digital Packaging and Labeling Market: Major Players
Shanghai Zijiang Holdings
Graphixlabels
R.R. Donnelley
Ball
HP
Xeikon
FINAT
Owens-Illinois
Reynolds Group
Tetrapak
AB Graphic International
Associated Labels
Reel Appeal
Landa
EC Labels
Cenveo Labels and Packaging Group
Global Digital Packaging and Labeling Market: By Types
Thermal Transfer Printing
Inkjet Printing
Electrophotography & Electrostatic Printing
Others
Global Digital Packaging and Labeling Market: By Applications
Food & Beverage
Pharmaceuticals and Healthcare
Household & Cosmetic Products
Others
Key Takeaways
During the forecast period, it is anticipated that the Asia Pacific will see a CAGR of 13.2%. (2022-2027). The market for worldwide digital packaging and labelling is being driven by the rising demand for pharmaceuticals, personal care products, food, and drinks among Asian nations like China, India, Japan, and South Korea.
As a result of lowering product carbon footprints and promoting eco-friendly packaging options, growing environmental concerns are fueling the digital packaging and labelling market.
Global demand for the Digital Packaging & Labeling Market will rise as a result of a strong need for quick and precise packaging and labelling solutions delivered by label dispensers across a variety of end-use industries.
