Revenues are set to reach Approx $28 Billion by 2024 according to Global Digital Printing

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The commercial digital printing packaging market report considers increased growth

SYDNEY - eTradeWire -- The commercial colour digital printing packaging market report considers the present estimate reach $28 billion for 2020 to 2024, growing at approximately 11% during this timeline.

The study overviews both the supply and demand sides of the market, covering the detail of various market growth trends, restraints and enablers. It analyses leading prominent companies, currently operating in the market.

• Growth restrictions
• Growth Enablers
• Dynamics in the market
• Segmentation of the market
• Various trends and opportunities

Detailed segmentation of the market by geography, package type, end-user application and technology, is included in the market report. Technology is segmented into electrophotography and inkjet, within the global digital printing packaging market.

Market share dominations of inkjet technology are growing at around 16% during the forecast period, according to 2018 statistics. One of the latest emerging trends in the global market is Inkjet technology. Inkjet systems offer smoother, more precise label information in the market, achieved with a single-pass system possessing separate rows of different print heads for each colour.

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A widely used solution in the label packaging global market is electrophotography, producing top quality prints over a wide range of material substrates. This technology will boost its adaptation globally in this market.

Flexible packaging, folding packaging, corrugated packaging are different classifications of packaging in the global digital printing packaging market. Corrugated packaging is the fastest-growing segment at approx 12%.

There is a higher demand in the digital printing packaging market, as manufacturers leverage labels to enhance the product's appeal. The end-user application is categorised into healthcare, personal care, food & beverage and others. During the forecast period in 2018, it is growing around 11%. They have occupied more than half of the total market share, with the food and beverage segment.

With the rising demand for hair care, body care, face care, colour cosmetics and hand care products are boosting the growth for this overall segment globally. The digital printing packaging market is being created with a full range of products catering to a large group of consumers. Lucrative opportunities are being presented to the vendors operating in this market globally.

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Key Vendor Analysis
Fragmentation exists globally as big companies tend to control competition in the commercial digital printing market. However, competition is set to step up with an increased focus on innovation, price and technological upgrades.

For more information visit  http://www.absolutecolour.com.au/stickers-labels/

Contact
Absolute Colour Printing, Yvonne Parks
***@absolutecolour.com.au
1300 88 99 59


Source: Absolute Colour
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