Digital packaging and labeling market size to increase by USD 22.35 billion between 2022 and 2027; Growth driven by benefits of variable data printing - Technavio
NEW YORK, March 21, 2023 /PRNewswire/ -- The digital packaging and labeling market size is forecast to grow by USD 22.35 billion between 2022 and 2027, and the growth momentum will be accelerating at a CAGR of 14.91% during the forecast period. The growth of the market is driven by the benefits of variable data printing. The adoption of digital packaging and labeling reduces setup time compared to traditional analog printing. In digital packaging and labeling, the content is printed on sheets can be changed on computers or personalized programmable devices. This reduces the printing time, which is increasing the demand for digital packaging and labeling among end-users. All these factors are driving the growth of the market. However, the high per-unit cost for high-volume printing will challenge the growth of the market in focus. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample
The global digital packaging and labeling market is fragmented. The market comprises several established and small vendors. The vendors are competing to enhance their market presence by partnering with different end-users. This is helping them to sustain and remain competitive. The digital packaging and labeling market report includes information on the key products and recent developments of leading vendors, including:
The report analyzes the market across regions such as North America, Europe, APAC, Middle East and Africa, and South America. APAC will account for 32% of the market growth during the forecast period. The regional market is driven by the growth of the e-commerce and retail industries. Increased foreign direct investments (FDIs) in China, India, and Japan is another major factor driving the growth of the digital packaging and labeling market in APAC.
The growth of the market is driven by factors such as the growing consumption of packaged beverages globally, environmental benefits of digital packaging and labeling, and the benefits of variable data printing. However, the per-unit cost for high-volume printing will challenge the growth of the market.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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