Global digital printing packaging market is segmented by packaging type as Corrugated, Folding cartons, Flexible packaging, Labels, Others. Among these segments, corrugated segment is expected to dominate the global digital printing packaging market. The corrugated segment market is propelled by increasing GDP per capita as well as disposable income in developing regions of Asia, Africa and South America. Countries such as India, China, Malaysia, Indonesia and other existing markets manifests significant growth in corrugated segment of digital printing packaging market.
The global digital printing packaging market is perceived to maintain a constant CAGR during the forecast period and is anticipated to exist at a significant level. Significant growth in gross domestic product especially in Asia Pacific region exhibits discernible growth in cup fill and seal machine market.
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Asia Pacific digital printing packaging market is anticipated to exist as the largest market with the expected market share at significant level. The growing GDP and increasing prevalence of packaged products signifies significant growth of proper packaged products. Additionally, Europe is considered to exist as the second largest market across the globe while significantly contributing to the global digital printing packaging market, owing to the demand from food & beverage industry. North America, is expected to witness steady growth over the forecast period on the account of constant boost in per capita income in U.S. and Canada. In Latin America, Brazil, Argentina and Chile are expected to witness significant market demand for organizations involved in digital printing packaging market.
Increasing Disposable Income in Developing Economies
Significant growth opportunities is offered by developing economies such as India, China, Indonesia, Malaysia, Brazil and Algeria manifest significant growth in digital printing packaging industry. The increase in the per capita and disposable income in the region manifests significant growth in the industry due to increasing demand of several packaged products. Additionally, digital printing packaging technology delineates cost effective ways attract the target market. The rise in the number of middle and small scale industry in the region manifests significant growth in digital printing packaging market due to the demand of standard product is increasing in Asia and African region. The higher investment in research and development of packaging industry is also responsible for the growth of digital printing packaging market globally.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global digital printing packaging market which includes company profiling of Mondi PLC , HP Inc., Xeikon N.V., Eastman Kodak Company , Quantum Print and Packaging Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital printing packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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