Digital Printing For Packaging Market will Register a CAGR of 15.3% through 2017-2027
Verfasser: pradnya_86 on Saturday, 7 April 2018Demand for digital printing in packaging was estimated to be valued at over US$ 11 Bn in 2016, and a new report by Future Market Insights estimates it to grow at 15.3% to surpass US$ 52 Bn in revenues by 2027.
Future Market Insights, in its report, offers market forecast and analysis on the basis of region, technology type, product type, and end-use.
Key Drivers
According to the report, the key factors fuelling demand for digital printing in packaging include growing preference for conventional/analogue plates and their application in printing jobs of shorter run lengths.
Adoption of digital printing in packaging is also growing on account of its convenience over conventional presses. Digital printing allows packaging companies to reduce turnaround time, and this is a prime reason fuelling demand for digital printing.
Shifting preference from conventional printing to variable data printing and personalised printing. Leading packaging companies are adopting variable data printing owing to its use in direct marketing. Future Market Insights projects these trends to positively influence the digital printing in packaging market.
While Future Market Insights maintains a positive outlook on the global digital printing in packaging market, it is of the opinion that high variable costs and limited opportunities in indirect sales channels can impede widespread adoption.
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