The packaging industry is experiencing a transformative shift. Projections by Global Market Insights Inc. highlight an optimistic future for the Digital Printing Packaging sector, suggesting that it's poised to reach a remarkable USD 30 billion by the end of 2032.
This projection is a fantastic opportunity for print shops that want to expand their services and maximize their earnings.
What makes digital print for packaging so promising?
Personalization Through Digital Printing Packaging
In today's market, personalization isn't just a trend—it's an expectation. The anticipated 6% CAGR from 2023 to 2032 in the digital print packaging market is a testament to this shift. With the meteoric rise of eCommerce platforms, consumers are not just purchasing products; they're seeking experiences.
Personalized, high-quality packaging delivers on this demand, offering a unique unboxing experience for each consumer. Digital printing flexible packaging provides the capability to print several SKUs in just a single run, cuts down the turnaround time, allows for seasonal or promotional packaging, and more.
Digital printing flexible packaging, while enhancing the consumer experience, also brings efficiency to businesses. By integrating unique symbols, QR codes, and tailored information directly on packaging materials, brands can optimize their supply chain, making operations more transparent and accountable.
Yet, like any budding industry, challenges persist. The initial investment required to integrate digital printing into traditional packaging workflows is a hurdle for many businesses, especially smaller enterprises. For this and other reasons, most companies outsource their digital print packaging needs to commercial print shops.
Drivers of Innovation in Digital Print Packaging
In this age, consumers are also increasingly conscious of their environmental footprint. This awareness catalyzes a shift in the digital print packaging market, leading to greater demand for eco-friendly solutions like solvent-based and UV-curable inks.
Solvent-based packaging solutions exemplify industry innovation and are predicted to surge at a 6% CAGR from 2023-2032. By reducing negative environmental impacts and addressing health concerns, they resonate with brands aiming for sustainability and consumers prioritizing green choices.
This may be surprising, but the pharmaceutical and healthcare sectors are at the forefront of digital print packaging adoption. The technology's value is clearly recognized, with a projected growth of over 5% CAGR between 2023 and 2032.
As healthcare becomes more consumer-centric, there's a growing demand for clear, informative, and sustainable packaging. Digital printing allows for quick updates, ensuring that the packaging of health-related products reflects the latest health guidelines or drug information. This quick turnaround time adds value to consumers while protecting their health and the product manufacturers’ reputation.
The New Powerhouse in Digital Printing Packaging
The West is often viewed as the hub of innovation. However, in digital packaging printing, the Asia Pacific region is emerging as a formidable player. Forecasts suggest this market could eclipse USD 9 billion by 2032.
This growth isn't accidental. Proactive government policies, encouraging local manufacturing, and championing sustainable practices propel the industry forward. In addition, the region's rapid technological advancements amplify market growth prospects.
Digital printing for packaging has immense growth potential not just in the Asia Pacific region but throughout the globe, but it's also fiercely competitive. Huge brands like Agfa-Gevaert Group and Mondi PLC are making strategic moves. From synergistic partnerships to smart acquisitions, these companies aim to solidify their market standing and spearhead global innovations, and we can expect that they won’t be the only ones.
How Your Shop Can Profit From Digital Prints Packaging
The digital printing packaging sector's trajectory underscores a broader industry trend: harmonizing technology with sustainability. As this sector continues to evolve, understanding and adapting to these shifts will be crucial for businesses aiming for longevity and relevance.
If you would like to benefit from this merging of technology and sustainability, your print shop must have the right solutions for digital printing packaging.
Contact SumnerOne today to learn the best digital print packaging solutions for your shop!