Press Release-Digital Printing Packaging Market to Reach Valuation of USD 32.6 Billion by 2028 – Increasing Demand for Digital Printing from Numerous Industries Drives the Market
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Digital Printing Packaging Market to Reach Valuation of USD 32.6 Billion by 2028 – Increasing Demand for Digital Printing from Numerous Industries Drives the Market
In terms of revenue, the Global Digital Printing Packaging Market is expected to reach USD 32.6 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.8% from 2022 to 2028.
The increasing demand from numerous industries such as pharmaceuticals, cosmetics, food & beverage, and electrical & electronics is anticipated to augment the market's growth over the forecast period.
Key Highlights from Report:
Market Dynamics:
Due to the many advantages, it provides, Digital Printing is quickly becoming the new standard technology. Due to increased production flexibility, quick marketing turnaround, and increased personalization, it is becoming quite profitable. The possibility of integrating digital presses has been a positive advance from an operational standpoint. Social segregation practices are becoming more rigid throughout many nations as the COVID-19 virus spreads its tentacles. This drives demand for a wide range of consumer goods in the e-commerce industry.
As a result of merchants looking for reliable packaging solutions, packaging companies enjoy increased business opportunities. Packaging businesses mainly rely on digital printing technologies to speed up packaging the o guarantee prompt delivery of goods. Virtual and innovative labeling techniques are becoming increasingly common in the global digital printing and packaging industry.
Asia Pacific held the largest share of the market due to increased demand from multiple application areas. China, India, and Japan are the primary consumer due to the growing need in the food & beverage industry. This is attributable to the increasing emphasis on packaged foods to share information about the product's storage life, composition, & nutritional content and the high demand for food packaging.
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Digital Printing Packaging Market to Reach Valuation of USD 32.6 Billion by 2028 – Increasing Demand for Digital Printing from Numerous Industries Drives the Market
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