The global digital printing packaging industry is experiencing significant growth, with anticipated demand valued at US$ 18,666.50 million in 2023. A forecasted Compound Annual Growth Rate (CAGR) of 5.1% is projected to propel the market to US$ 30,696.45 million by 2033. This growth is primarily attributed to the increasing demand for flexible packaging solutions.
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Role of Start-ups in Shaping the Digital Printing Packaging Market:
While numerous established market players like Canpac, Scodix, and Uflex dominate the digital printing packaging industry, the emergence of global start-ups is driving innovation and meeting evolving market demands. Start-ups are leveraging technological advancements to match the requirements of the digital printing packaging domain.
One such example is Canpac, founded in 2010, which has demonstrated significant growth and adaptation to industry shifts over the past decade. By integrating core values and ethics into its operations, Canpac has become a notable player in the digital printing packaging sector.
In August 2022, Precise Digital Printing Graphics (PDP) invested in a new Scodix Ultra 2000 Digital Enhancement Press, expanding its embellishment choices for customers in the United States. This investment highlights the industry’s commitment to providing impactful and high-quality printed applications.
Key Drivers Fueling Market Growth:
- Efficiency and Quality: Digital printers offer enhanced efficiency and superior printing quality compared to traditional printing methods, driving demand for digital printing packaging.
- Low Operating Costs: The cost-effectiveness of digital printing, coupled with its high-quality output, attracts customers and fuels industry growth.
- Short Print Runs: Digital printing enables economically viable short print runs, reducing waste and allowing for on-demand printing to accommodate changes in packaging and graphic designs.
- Technological Advancements: Significant developments in inkjet and electrophotography printing technologies have made digital printing more accessible and cost-effective, further driving market expansion.
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Innovation in Digital Printing Packaging Market:
- Augmented Reality (AR) Integration: Innovative packaging solutions leverage AR technology, creating interactive and immersive experiences for consumers. AR-enabled packaging can provide additional product information, entertainment, or promotional content.
- Smart Packaging: Integration of sensors and RFID technology into digital printing allows for the development of smart packaging. This innovation enables real-time tracking, temperature monitoring, and other functionalities to enhance supply chain visibility and product integrity.
- 3D Printing in Packaging: The integration of 3D printing technology into packaging design introduces novel textures, shapes, and structures. This innovation offers a unique and tactile experience for consumers, setting products apart on the shelf.
- Ink and Substrate Advancements: Ongoing innovation in digital printing includes the development of specialized inks and substrates that enhance the durability, color vibrancy, and overall quality of printed packaging, meeting the diverse needs of various industries.
- Cloud-Based Printing Solutions: The adoption of cloud-based printing solutions enables remote collaboration, file sharing, and efficient workflow management. This innovation enhances accessibility, scalability, and collaboration in the digital printing packaging industry.
Recent Developments in this Industry:
- In April 2022, Huhtamaki launched a Push Tab blister lid, a first-to-market PET blister lidding composed of a single material, sans any metal, to serve the healthcare sector. Push Tab blister lid works on the present packaging portfolio without compromising the speed. Therefore, the invention is projected to offer sustainable packaging solutions for the robustly expanding healthcare sector.
- AutajonGroup revealed in September 2022 that the Californian firm ZappPackaging entered its Packaging Division. The acquired company is expected to invigorate the parent company’s operations in the United States, particularly in California.
- Mondi Plc. Introduced myMomdi.net, a web platform for excellent print and design to differentiate its uncoated fine paper (UFP) brands. It briefs the printing and design industry professionals regarding high-quality paper brands, paper recommendations, multimedia content, and local distributor contact information.
- Avery Dennison Graphics Solutions declared its partnership with Siser North America to venture into the crafter/DIY market. Siser has over 40 years of experience in the consumer craft industry as a leader in heat-transfer vinyl and an expert in modification and personalization.
Competitive Landscape Profiling:
- HP Inc.
- Xeikon N.V.
- Eastman Kodak Company
- Landa Corporation Ltd.
- Quad/Graphics Inc.
- Tailored Label Products Inc.
- Creative Labels Inc.
- Reynders Label Printing
- DS Smith Plc
- Thimm Group
- Traco Manufacturing Inc.
- WS Packaging Group Inc.
- Elanders
- Colordruck Baiersbronn
- Mondi Plc.
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Key Segment
By Print Technology Type:
- Liquid Toner Electrophotography Printing
- Nano-graphic Printing
- Inkjet Technology
- Others (Dye tonner)
By Product Type:
- Labels
- Flexible Packaging
- Films & Wrap
- Bags & Sacks
- Pouches & Sachets
- Corrugated Packaging
- Folding Cartons
- Bottles & Jars
- Metal Cans
- Others
By End Use:
- Food
- Beverage
- Alcoholic
- Non-Alcoholic
- Pharmaceutical
- Personal care & cosmetics
- Electronic comp.
- Chemicals
- Other (Automotive, etc)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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