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According to Technavio's market research report, the global digital printing packaging market by flexible plastic will grow rapidly at a CAGR of more than 17% during the forecast period. One of the key factors driving the market's growth is the cost-effectiveness of thermal transfer printing (TTP) over analog hot stamp printing. TTP is extensively preferred over hot stamp printing because they offer a lot of advantages in terms of operation and cost. TTP is gaining popularity because of its benefits in terms of quality in comparison to the analog hot stamp printing. Also, the return on investments in TTP is higher than the hot stamp. This encourages most of the end-users to shift from the hot stamp to TTP. These end-user segments include snacks and beverage manufacturers, fruits and vegetable packaging manufacturers, and consumer goods manufacturers. For instance, the world's leading beverage company Coco-Cola, is adopting TTP to digitally print on beverage cups. This in turn, will boost the application of digital printing on flexible plastic during the estimated period.
To enable high-resolution and high-volume printing, there is an increasing focus towards the development of the next generation of digital printing for flexible plastic. Additionally, leading companies are also investing heavily to develop accurate color matching printing using digital technologies. This will result in increasing innovations in the digital printing of flexible plastics, which will be one of the key trends that will propel the growth prospects of this global market until the end of 2021.
The global market for digital printing in flexible plastic is characterized by the presence of few leading market players. End-users of digital printing generally prefer the products of established players to make a long-time investment. This results in a less number of small and regional vendors in the market.
Key vendors in this market are -
Other prominent vendors in the market include Anglia Labels, Dainippon Screen Group, EC Labels, Edwards Label, Graphix Labels & Packaging, INX International, Kodak, and WS Packaging Group.
The market is witnessing a high demand for inkjet printing from the food packaging printing industry. Inkjet printing is considered as a better digital printing method for the coding and marking of food packages. The inkjet printing segment will continue to grow for the next four years because they have the highest throughput among all digital printing techniques.
The Americas is witnessing an increasing demand for digital printing in flexible plastic from the courier service industry. The beauty sector which highly relies on flexible plastic tubes to pack products such as foundations, creams, and lotions is growing at a considerable rate in North America. This drives the demand for Inkjet and electrophotography technologies because beauty product manufacturers and consumers give more attention to the graphic printing of premium beauty products.
Technavio also offers customization on reports based on specific client requirement.
Our market research reports for the transportation and logistics industry follow a thorough data collection methodology and offer an analysis of fast growing market segments like the packaging. Research reports from Technavio help clients from a multitude of industries with its large collection of research reports covering various sectors to give a complete market landscape and market forecast. This upcoming industry research report on the global digital printing packaging market by flexible plastic offers insights into the key trends and emerging drivers influencing the growth of the packaging industry.
This upcoming market research report on the global digital printing packaging market by flexible plastic also covers vendors like Dupont, Flint, HP, and Xerox. By considering the market forecast and the market size and the surging demand for various packaging solutions, the market research professionals at Technavio offer a clear picture of the global digital printing packaging market by flexible plastic for the projected period of 2017 to 2021. Additionally, our research practices help clients develop effective growth strategies and gain competitive edge against their competitors. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.
The upcoming report on the digital printing packaging market by flexible plastic identifies other key aspects of business intelligence such as profits, products, promotions, distributions, as well as opportunities and challenges faced by the industry. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the transportation and logistics industry. Technavio also provides deep-dive market assessments into the sectors such as transportation and distribution and warehouse and storage.
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by types of printing
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
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