SAN FRANCISCO, October 8, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Digital Printing Packaging – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 6; Posted: April 2021
Executive pool: 576
Companies: 41 – Players covered include DowDuPont, Inc .; Eastman Kodak Company; HP, Inc .; Mondi SA; Quad Graphics Inc .; Quantum Print and Packaging Ltd .; Traco Manufacturing, Inc .; WS Packing Group, Inc .; Xeikon NV; Xerox Corporation et al.
Blanket: All major geographies and key segments
Segments: Ink (solvent-based, UV-based, aqueous, other inks); Printing technology (thermal transfer, inkjet, electrophotography and electrostatic, other printing technologies); Type of packaging (corrugated cardboard, folding cartons, flexible packaging, labels, other types of packaging); End use (food and beverages, pharmaceuticals and healthcare, household and cosmetic products, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global digital printing packaging market to reach $ 39.3 billion by 2026
In the midst of the COVID-19 crisis, the global digital printing packaging market is estimated at US $ 18.9 billion in 2020, is expected to reach a revised size of US $ 39.3 billion by 2026, with a CAGR of 12.7% over the analysis period. Solvent-based, one of the segments analyzed in the report, is expected to register a CAGR of 13.8% and reach US $ 26.6 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the UV segment is readjusted to a revised CAGR of 10.9% for the next 7 year period.
The US market is estimated at $ 5.8 billion in 2021, when China is expected to reach $ 8.4 billion by 2026
The digital printing packaging market in the United States is estimated at US $ 5.8 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 8.4 billion US dollars by 2026, with a CAGR of 16.7% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 8.9% and 11% respectively during the analysis period. In Europe, Germany is expected to grow at around 9.9% CAGR.
Watery segment to be reached 8.4 billion US dollars by 2026
In the global Aqueous segment, United States, Canada, Japan, China and Europe will drive the estimated 10.9% CAGR for this segment. These regional markets representing a combined market size of US $ 3.2 billion in 2020 will reach a projected size of 6.7 billion US dollars at the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.