Digital Printing Packaging Market to Garner $49.9 Billion, at 9.1% CAGR, by 2031, Globally: Allied Market Research

The digital printing packaging market is driven by the fact that digital printing technology allows users to make last-minute changes before printing and offers superior print quality as compared to traditional printing techniques.

Wilmington, Delaware, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Digital Printing Packaging Market By Packaging Type (Corrugated Packaging, Folding Cartons, Flexible Packaging, Labels), By Printing Technology (Inkjet Printing, Electrophotography Printing), By End-User Industry (Food & Beverages, Pharmaceuticals, Electronics, Personal Care & Cosmetics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global digital printing packaging industry generated $20.6 billion in 2021, and is anticipated to generate $49.9 billion by 2031, witnessing a CAGR of 9.1% from 2022 to 2031.

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Prime determinants of growth

The digital printing packaging market is driven by the fact that digital printing technology allows users to make last-minute changes before printing and offers superior print quality as compared to traditional printing techniques. However, high maintenance costs, variation in the prices of raw materials, and lack of skilled operators hamper the market growth.

The labels segment to maintain its leadership status throughout the forecast period

On the basis of packaging type, the labels segment held the highest market share in 2021, contributing to more than two-thirds of the global digital printing packaging market, and is projected to maintain its leadership status throughout the forecast period, owing to extensive use of digital printing for label printing in the packaging industry. However, the flexible packaging segment is anticipated to witness the highest CAGR of 13.9% from 2022 to 2031, due to increase its adaptability in all types of industries for packaging purposes.