Digital Printing Packaging Market worth 42.11 Billion USD by 2026 | Covid-19 Analysis | MarketsandMarkets

 The global digital printing packaging market was valued at USD 10.14 Billion in 2015 and is projected to reach USD 42.11 Billion by 2026, at a CAGR of 13.9%. The base year considered for the study is 2015 and the market size projected for mid-term is from 2016 to 2021, and long term from 2016 to 2026. The primary objective of the study is to define, segment, and project the digital printing packaging market size on the basis of printing inks, printing technology, format, packaging type, end-use industry, and region.

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The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as partnerships, agreements, contracts, and joint ventures; mergers & acquisitions; expansions; new product developments; and research & development activities in the digital printing packaging market.

Based on Printing Inks, the market has been segmented as follows:

Solvent- based

UV-based

Aqueous

Others (latex and dye sublimation inks.)

Based on Printing Technology, the market has been segmented as follows:

Thermal transfer printing

Inkjet printing

Electrophotography & electrostatic printing

Others (direct thermal printing, toner-based printing systems ionography, and magnetography)

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Factors such as fluctuations in the prices of raw material have caused an unfavorable impact on the profitability of the printing industry. The global digital printing packaging market is dominated by players such as HP Inc. (U.S.), Xerox Corporation (U.S.), Quad/Graphics Inc., Mondi plc (South Africa), i.e. Du Pont De Nemours and Company (U.S.), and Kodak Co. (U.S.). These players adopted various strategies such as new product developments, agreements, partnerships, and expansions to cater to the needs of the digital printing packaging market.

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