Digital Printing Packaging Market Future Trend and Analysis of Key Segments and Forecast

The digital printing market is projected to grow from USD 30.2 billion in 2024 to USD 46.2 billion by 2029 at a CAGR of 8.9%. The digital printing packaging market is propelled by several key drivers and opportunities, including the increasing demand for customized and personalized packaging solutions driven by changing consumer preferences and brand differentiation strategies. Additionally, the flexibility and agility offered by digital printing technology enable shorter production runs, faster time-to-market, and cost-efficiency, aligning with the growing trend of just-in-time manufacturing and reduced inventory levels. Moreover, the ability of digital printing to accommodate variable data and designs fosters enhanced engagement and interaction with consumers, facilitating targeted marketing campaigns and supply chain traceability initiatives.

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Digital Printing Packaging Market Key Players

Most manufacturers in this market are based in Europe and North America. WestRock Company (US), DS Smith Plc (UK), CCL Industries, Inc. (Canada), Smurfit Kappa Group (Ireland), and Amcor plc (Switzerland) are among the leading players operating in the digital printing packaging market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the digital printing packaging market.

WestRock Company (US)

WestRock Company engages in the provision of fiber-based paper and packaging solutions. It operates through the following segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment consists of the sale of containers and other products including displays. The Consumer Packaging segment involves the packaging products such as folding cartons, interior partitions, inserts, and labels. The Global Paper segment focuses on commercial paper operations and generates its revenues primarily from the sale of containerboard, paperboard, and specialty grades to external customers. The Distribution segment distributes packaging materials and other specialty packaging products, including stretch film, void fill, carton sealing tape, and other specialty tapes. The company has a geographical presence in Europe, North America, and Asia Pacific.

DS Smith Plc (UK)

DS Smith is a leading international provider of sustainable packaging solutions, operating across Europe, the Americas, and Asia. Leveraging its expertise in packaging design, manufacturing, and recycling, DS Smith serves a diverse range of sectors, including e-commerce, consumer goods, and industrial products. With a focus on innovation and sustainability, the company offers a comprehensive portfolio of packaging and paper products, alongside specialized services such as supply cycle optimization and packaging consultancy. DS Smith's commitment to circular economy principles drives its efforts to minimize environmental impact while delivering value to customers and stakeholders, positioning it as a trusted partner for packaging solutions worldwide.

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CCL Industries, Inc. (Canada)

CCL Industries is a global leader in specialty packaging solutions, offering a diverse range of labels, containers, and packaging materials for various industries worldwide. With a presence in over 40 countries, the company specializes in providing innovative packaging solutions that cater to the unique needs of its customers. CCL Industries' portfolio includes labels for consumer products, healthcare, and automotive applications, as well as packaging solutions for food and beverage, personal care, and household products. Additionally, the company has strategically embraced digital printing technology, enabling it to offer customized and on-demand packaging solutions to meet the evolving demands of the market. This integration of digital printing capabilities enhances CCL Industries' agility and responsiveness in delivering high-quality packaging solutions tailored to customer requirements.

Amcor plc (Switzerland)

Amcor is a global leader in packaging solutions, serving customers across diverse industries such as food and beverage, healthcare, and personal care. With operations in over 40 countries, the company specializes in developing innovative, sustainable packaging solutions that protect products, enhance shelf appeal, and improve supply chain efficiency. Amcor's extensive product portfolio includes flexible packaging, rigid containers, and specialty cartons, catering to the evolving needs of its customers worldwide. Additionally, Amcor has embraced digital printing technology to offer customizable and visually compelling packaging solutions, enabling brands to engage consumers effectively while maintaining product integrity and sustainability throughout the value chain.

Smurfit Kappa Group (Ireland)

Smurfit Kappa Group is a leading provider of paper-based packaging solutions, with a global presence spanning over 35 countries. The company manufactures, distributes, and sells containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box. It operates through the Packaging and Paper business segments. The Packaging segment designs, manufactures, and supplies paper-based packaging to package, promote, and protect customers’ products. The Paper segment manufactures a wide range of papers mainly used for packaging purposes. The company’s total global paper and board capacity is approximately 8.4 million tons per annum. It has a presence in North America, South America, and Europe.

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Recent Developments

• In September 2022, WestRock Company has installed an HP PageWide T1190 Press to complement and expand its portfolio of unmatched corrugated printing capabilities.
• In October 2023, DS Smith plc launched 'R8', a groundbreaking global Research & Development (R&D) and Innovation Centre in the UK. This industry–first facility aims to accelerate the development of revolutionary packaging fulfillment solutions through collaboration with customers and partners.
• In July 2023, CCL Industries Inc. has acquired privately held Creaprint S.L., based in Alicante, Spain. Creaprint is a specialist in mould label ("IML") producer with a manufacturing facility in Alicante, Spain, and a sales office in Miami, Florida.
  
• In October 2023, the Smurfit Kappa Group’s Design2Market Factory will expand across Europe after a successful first year in operation. The innovative facility, which enables customers to test and adapt their packaging on a small scale before market launch, will be replicated across Germany, Italy, Poland, and the UK.
  
• In March 2023, Smurfit Kappa Group made a USD 6.91 million investment in a color printer (UK). The addition of Gopfert HBL 2.1m was aimed at enhancing print capability and material handling in their conversion production areas.
• In August 2022, Amcor plc opened its latest Innovation Center in Jiangyin, China. The new center brings advanced packaging technologies and more sustainable material science to the Asia Pacific, assisting in the region's growth and innovation.

Key Features of the Digital Printing Packaging Market Report: -

➤ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

➤ Examine the market opportunities for stakeholders by identifying higher growth sections.

➤ To study and analyze the global Ceramic Sanitary Ware industry status and forecast including key regions.

➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

➤ It helps you make strategic business decisions and investment plans.