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The digital packaging and labeling market size is forecast to increase by USD 22.2 billion, at a CAGR of 13.64% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Regulatory compliance labels, once a niche application, are now a standard requirement in numerous sectors, including pharmaceuticals and food and beverage. NFC tag applications offer new opportunities for interactive consumer engagement, while flexible packaging solutions enable product differentiation and sustainability. Product information management systems streamline the process of updating and maintaining accurate and up-to-date labeling information. Digital label proofing ensures error-free label production, reducing waste and rework costs. Prepress workflow automation and packaging design software facilitate efficient design and production processes.
Serialization technologies, such as data matrix codes, enable supply chain visibility and traceability, with RFID tagging systems and e-pedigree systems providing additional layers of security and anti-counterfeiting measures. Smart packaging sensors and tamper-evident seals offer enhanced product protection and consumer confidence. Digital printing inks and high-resolution imaging enable vibrant and detailed label designs, while label printing equipment and label substrate materials cater to various industry-specific requirements. Packaging artwork management systems ensure brand consistency and regulatory compliance. Industry growth is expected to reach double-digit percentages, driven by the adoption of cloud-based packaging management systems, QR code generation, color management systems, and blockchain technology implementation.
For instance, a leading food and beverage company reported a 15% increase in sales due to the implementation of augmented reality packaging. Continuous innovation and integration of technology into the packaging value chain will shape the future of the market.
The digital packaging and labeling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The food and beverages segment is estimated to witness significant growth during the forecast period.
The packaging and labeling market has experienced a notable transformation in the last decade, with digital printing playing a pivotal role in catering to various industries. Among them, the food and beverage sector holds significant potential due to the high demand for packaging and labeling solutions. According to recent industry reports, the food industry generates a substantial volume of packaging and labeling requirements. In response, label and package manufacturers are increasingly adopting digital printing technologies. Digital printing enables on-demand production of labels and packaging, offering benefits such as shorter lead times, reduced inventory costs, and improved product customization. Moreover, it facilitates the integration of advanced technologies like NFC tags, QR codes, RFID, and serialization, enhancing the consumer experience and ensuring regulatory compliance.
Innovations in digital printing inks, prepress workflow automation, and packaging design software have streamlined the production process, making it more harmonious and efficient. Additionally, the implementation of cloud-based packaging management systems and blockchain technology has improved supply chain visibility and security. For instance, a leading food manufacturer reported a 30% increase in sales after implementing a digital printing solution for its labeling needs. Furthermore, the global packaging market is expected to grow at a steady pace, reaching a value of USD1 trillion by 2025. This growth is driven by factors such as the increasing demand for sustainable packaging materials, the integration of smart technologies, and the rise of e-commerce.
The Food and beverages segment was valued at USD 6.00 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing significant growth, particularly in sectors like e-commerce and pharmaceuticals. In the US, the e-commerce industry is thriving due to increasing Internet penetration and purchasing power parity, leading to a surge in demand for efficient packaging solutions. E-commerce players utilize flexible packaging, such as plastic bags and corrugated boxes, for shipment. To print brand names and essential information on these packages, they adopt digital packaging and labeling techniques. Furthermore, regulatory compliance labels, NFC tag applications, and secure packaging solutions are becoming increasingly important in various industries. Product information management, digital label proofing, prepress workflow automation, and packaging design software enable companies to streamline their labeling processes and ensure accuracy.
Serialization technologies, such as data matrix codes and QR codes, facilitate supply chain visibility and reduce packaging waste. High-resolution imaging and augmented reality packaging offer immersive consumer experiences, while sustainable packaging materials and e-commerce packaging cater to the growing environmental consciousness and convenience demands. Smart packaging sensors, tamper-evident seals, and RFID tagging systems enhance product safety and security. According to recent studies, the market in North America is projected to grow by over 10% annually, driven by the increasing adoption of advanced technologies like digital printing inks, color management systems, and blockchain technology implementation. For instance, variable data printing enables personalized product labels, increasing sales by up to 15% for some companies.
These trends highlight the harmonious blend of innovation and functionality in the market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The digital packaging and labeling market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the digital packaging and labeling market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, digital packaging and labeling market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
CCL Industries Inc. - The company specializes in advanced digital packaging and labeling solutions, providing customers with robust and efficient digital laser-coding technology.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Digital Packaging And Labeling Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.64% |
Market growth 2024-2028 |
USD 22.2 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.69 |
Key countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this digital packaging and labeling market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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