VALLEY COTTAGE, N.Y., June 18, 2018 (GLOBE NEWSWIRE) -- Demand for digital printing in packaging was estimated to be valued at over US$ 11 Bn in 2016, and a new report by Future Market Insights estimates it to grow at 15.3% to surpass US$ 52 Bn in revenues by 2027.

Future Market Insights, in its report, offers market forecast and analysis on the basis of region, technology type, product type, and end-use.

Key Drivers

According to the report, the key factors fuelling demand for digital printing in packaging include growing preference for conventional/analogue plates and their application in printing jobs of shorter run lengths.

Adoption of digital printing in packaging is also growing on account of its convenience over conventional presses. Digital printing allows packaging companies to reduce turnaround time, and this is a prime reason fuelling demand for digital printing.

Shifting preference from conventional printing to variable data printing and personalised printing. Leading packaging companies are adopting variable data printing owing to its use in direct marketing. Future Market Insights projects these trends to positively influence the digital printing in packaging market.

While Future Market Insights maintains a positive outlook on the global digital printing in packaging market, it is of the opinion that high variable costs and limited opportunities in indirect sales channels can impede widespread adoption.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-2188

L T Electrophotography Largest Segment by Technology

By technology, the report has segmented the market into, L T Electrophotography,Nano-graphic Printing,Inkjet Technology,Others

Among these, L T electrophotography is the largest segment, accounting for over half of revenue share by technology type. In terms of revenues, this segment was valued at just over US$ 6 billion in 2016. FMI projects it to grow at 16.6% CAGR and surpass US$ 32 billion in revenues by 2027.

Labels Largest Product Type

By product type, key segments include,Labels,Films & wraps,Bags & sacks, Boxes,Folding cartons,Bottles,Cans, Pouches & sachets,Others

Among these, labels is the largest segment, accounting for over 7.1 Bn in revenues in 2016. Future Market Insights estimates demand for labels to increase at 16.7% CAGR to reach US$ 38 .44 billion in revenues.

Food Largest End-user

The food sector remains the largest end-user of digital printing in packaging. According to Future Market Insights, demand for digital printing in packaging was pegged at over US$ 4.5 Bn in 2016. This is expected to increase at a CAGR of 16.6% during the forecast period 2016-2026.

APEJ to Outpace North America to Become the Largest Market

North America, APEJ, and Western Europe are the three largest markets for digital printing in packaging. Currently, North America leads globally in terms of revenues; however, owing to robust adoption of digital printing in APEJ, it will be relegated to second position by the end of 2026. APEJ will outpace North America to become the largest market, increasing its revenue share from 28% in 2016 to 40.7% by 2026-end.

Preview  Analysis on Digital Printing For Packaging Market Segmentation By Technology Type – Liquid Toner, Electrographic Printing, Nano-Graphic Printing, Stream Inkjet Technology Printing, Others; By Product Type – Labels, Films & Wraps, Bags & Sacks, Boxes, Folding Cartons, Bottles, Cans, Pouches & Sachets, Others; By End Use – Food, Beverages (Alcoholic, Non-Alcoholic), Pharmaceuticals, Personal Care & Cosmetics, Electronic Components, Chemicals, Others (Automotive Products etc.)

View Report Preview at Digital Printing For Packaging Market Segmentation By Technology Type – Liquid Toner, Electrographic Printing, Nano-Graphic Printing, Stream Inkjet Technology Printing, Others; By Product Type – Labels, Films & Wraps, Bags & Sacks, Boxes, Folding Cartons, Bottles, Cans, Pouches & Sachets, Others; By End Use – Food, Beverages (Alcoholic, Non-Alcoholic), Pharmaceuticals, Personal Care & Cosmetics, Electronic Components, Chemicals, Others (Automotive Products etc.) https://www.futuremarketinsights.com/reports/digital-printing-for-packaging-market

Competitive Landscape Profiling

Leading players profiled by Future Market Insights in its report include Quad/Graphics Inc., Tailored Label Products Inc., Creative Labels Inc., Reynders Label Printing, DS Smith Plc, THIMM Group GmbH + Co. KG, Traco Manufacturing Inc., WS Packaging Group Inc., Elanders AB, and Colordruck Baiersbronn W. Mack GmbH & Co. KG.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-2188

More from FMI’s Packaging Market Intelligence:

• Twin Neck Dosing Bottles Market Twin neck dosing bottles Market Segmentation By material used - HDPE,PP,PET,Others; capacity type - 0-500 ml,500-1000 ml,1000-1500 ml,1500-2000 ml,More than 2000 ml; end use: Pharmaceutical,Automotive,Industrial,Chemical,Others;: https://www.futuremarketinsights.com/reports/twin-neck-dosing-bottles-market

• Woodfree Paper Market Woodfree paper Market Segmentation By coating type - Coated woodfree paper,Uncoated woodfree paper; surface finish type - Matt finish,Gloss finish,Silk finish; application type - Magazines and Catalogues,Envelopes,Notebooks,Advertising Material,Others.:
  https://www.futuremarketinsights.com/reports/woodfree-paper-market
  
  
• Security Bags Market Security Bags Market Segmentation By Raw Material Type – Plastic (HDPE, LDPE, PVC, Others), Paper, Fabric; By Product Type – Opaque, Clear; By Application - Cash/Coin Deposit Bags, Strap Bags, Card & Dice Bags, Evidence Bags, Pharmaceutical Distribution Bags; By End Use -Financial Institutions, Hospitals, Casinos, Hotels, National Retail Companies, Government Organisations, Courier Services Companies, Academic Institutions
  https://www.futuremarketinsights.com/reports/security-bags-market 

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More:  Packaging Market Insights

Contact Us

Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremrketinsights.com
FMI Blog: http://www.fmiblog.com/
Website: www.futuremarketinsights.com