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Digital Packaging & Labeling Market - Forecast(2023 - 2028)
Digital Packaging & Labeling Market Overview
The Digital Packaging & Labeling Market size is forecast to reach US$32.1 billion by 2027, after growing at a CAGR of 13.2% during 2022-2027. Digital packaging and labeling are widely used in various end-use industries like food & beverages, personal care, pharmaceutical, and others owing to their high efficiency, strong security, and precision achieved by augmented reality technology. Also, the label dispenser helps to obtain accuracy & speed during the labeling process using different digital packaging and labeling slitting machines to resume production. According to Bottled Water Organisation, the bottled water volume has been increased by 4.2% in 2020, compared to 2019 has a 3.7% growth. Volume has also increased from 14.4 billion gallons in 2019 to around 15 billion gallons in 2020 in the US. Therefore, the growing volume of bottled water increases demands for digital packaging and labeling in the food & beverages sector during the forecast period. Also, digital packaging and labeling are used in personal care, pharmaceutical and others will boost the demand for global digital packaging and labeling during the forecast period.
COVID-19 Impact
The Covid-19 pandemic has been a major challenge for the Digital Packaging & Labeling Market owing to directly affecting the manufacturer's supply chain across the globe and shutting down the production facilities to minimize the risk of virus spread. The major sectors such as food & beverages, automotive, industrial, and others have been highly impacted. According to the European Automobile Manufacturers Association, the car market has a significant decline of 20.6% in Europe, a 16.6% decline in the United States, 6.8% drop in Chinese car sales throughout 2020. Also, European Union GDP has contracted by 6.3% in 2020 as compared to 2019. This will eventually decline the Digital Packaging & Labeling Market owing to its usage in the automotive sector. The Digital Packaging & Labeling Market has been inclined due to the growth of the pharmaceutical sector owing to the increasing demand for pharmaceutical products like peels, saline, syrup, vaccines, and drugs. The initiation taken by the government and private sector will help to recover the global Digital Packaging & Labeling Market during the forecast period.
Report Coverage
The report: “Digital Packaging & Labeling Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Digital Packaging & Labeling industry.
By Technology: Inkjet, and Electrophotography
By Substrate: Paper, Foil, Metal, Plastic, Glass, and Others
By Packaging Type: Flexible packaging, and Rigid Packaging
By End-Use Industry: Food & Beverages (Frozen Food, Snacks, Soft Drinks & Juices, Chocolates, Candies, Dairy Products, wines, Bears, and Others), Pharmaceutical & Healthcare (Pills, tablets & capsules, Syrups, Topical medications, Powders, Vaccinations, Droplets, Nutritional products, and health supplements and Others), Personal Care (Skin Care, Hair Care, Cosmetics, Bath & Shower, Oral Care and Others), Aerospace & Defense, Electric & Electronics, Consumer Goods, Industrial, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)
Key Takeaways
- The Asia Pacific is expected to register a CAGR of 18.5% during the forecast period (2022-2027). The increasing demand for pharmaceuticals, personal care, food & beverages, among Asian countries such as China, India, Japan, and South Korea is driving the market for global digital packaging and labeling.
- Growing concerns about the environment are driving the Digital Packaging & Labeling Market owing to reducing the carbon footprint of products and boosting eco-friendly packaging solutions.
- Robust demand for fast and accurate packaging and labeling solutions achieved by label dispensers in various end-use industries will increase the global demand for the Digital Packaging & Labeling Market.
Figure: Asia Pacific Digital Packaging and Labeling Market Revenue, 2021-2027 (US$ Billion)
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Digital Packaging & Labeling Market Segment Analysis – By Technology
The inkjet segments accounted for around 65% of the market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. Inkjet technology is helping in the growth of the Digital Packaging & Labeling Market. Label dispensers are widely used during the production process of inkjet technology to obtain fast, cost-effective, and efficient solutions in various end-use industries like pharmaceutical, food & beverages, personal care, industrial, and others. According to the Packaging Industry Association of India, the global packaging industry is developing & expanding, and simultaneously growing the Indian packaging industry. The packaging Industry of India was valued at US$50.5 billion in 2019, and it is estimated to reach US$204.81 billion by 2025, with a CAGR of 26.7% during the period 2020-2025. This growth is primarily driven by pharmaceutical, food processing, manufacturing industry, FMCG in emerging economies like China, India, Brazil, Russia, and a few other East European countries. Therefore, the growing packaging industry will boost the demand for inkjet segments which in turn will boost demand for global digital packaging and labeling during the forecast period.
Digital Packaging & Labeling Market Segment Analysis - By End-Use Industry
The food & beverages segment accounted for approximately 35% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Digital packaging and labeling are widely used for the safety of the products during distribution, storage, sale, and use. The augmented reality technology helps in achieving digital format on the packaging and other printed materials which serve for the subsequent visualization over different packaging substrates like metal, glass, plastic, and others. This digital packaging is widely used for objects containing food & beverages. According to Bottled Water Organization, the volume share of beverages in the US are bear 10.1%, milk 10.4%, tea 5.5%, coffee 10.9%, carbonated soft drinks 16.9% in 2020. Therefore, the use and need for digital packaging and labeling in the food & beverages sector will boost the demand for the Digital Packaging & Labeling Market during the forecast period.
Digital Packaging & Labeling Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the Digital Packaging & Labeling Market in 2021 up to 45%, owing to the growing industrial, electronics, personal care, the pharmaceutical sector in developing countries like China, India, Indonesia, and others. The major factors responsible for the growth of global digital packaging and labeling are low carbon footprint which gives eco-friendly packaging products that can be recycled. Digital packaging and labeling are widely used for packaging in various end-use industries owing to the fast and efficient solution achieved by various packaging and labeling slitting machines. According to China Association for Medical Devices Industry (CAMDI), China is investing US$15.82 million in the special support program for market access to drugs and medical devices for the development and reform of Shenzhen municipality. According to Invest India, the global electronic components market is expected to reach US$191.8 billion by 2022 driven by the Asia Pacific region to capture a dominant share. Therefore, the growing pharmaceutical and electronic sectors are boosting the demand for the Digital Packaging & Labeling Market during the forecast period.
Digital Packaging & Labeling Market Drivers:
The growing demand for environment-friendly Digital Packaging and Labeling Solutions
The growing demand for environment-friendly digital packaging and labeling solutions in food & beverages, personal care, and others is driving the Digital Packaging & Labeling Market. Digital packaging and labeling solution for personal care products and food & beverages packaging and labeling owing to their low carbon footprint, recyclable, and eco-friendly nature. According to Cosmetics Europe Personal Care Association, the Cosmetic sector of Europe is Valued at US$85.35 billion at a retail sales price in 2020, the European cosmetics and personal care market is the largest market for cosmetic products in the world and within Europe, the market value by country are Germany (US$15.58 billion), France (US$12.83 billion), the UK (US$10.91 billion), Italy (US$10.71 billion), Spain (US$7.12 billion) and Poland (US$4.23 billion). Therefore, the growing beauty & personal care sector will be driving the Digital Packaging & Labeling Market during the forecast period.
The growing demand for Digital Packaging and Labeling solutions in the Healthcare sector
The growing demand for digital packaging and labeling from the healthcare industry owing to the increasing demand for packaging and labeling in medical and pharmaceutical products like a vaccine, droplets, saline, pills, tablets, tapes, nutritional products, health supplements, and others are driving the Digital Packaging & Labeling Market. According to the Aesthetic Society, the United States spent over US$9 billion on aesthetic plastic surgery in 2020. Therefore, the growing demand for pharmaceutical products in surgical procedures will be driving the Digital Packaging & Labeling Market during the forecast period.
Digital Packaging & Labeling Market Challenges:
Higher Price Per Unit Cost for High Volume of Digital Packaging and Labeling
Digital Packaging and Labeling play an important role to protect the product from getting damaged. It also helps during the distribution of products in various sizes across the region. The cost for the digital packaging and labeling is charged per piece of the product, so they are available at higher prices in case of higher volume. Around US$0.005- US$10 is charged per piece based on size, the sensitivity of the product, and various substrates used during the packaging. The price per unit is very high for higher volume, which in turn affects the final price of the product. This will eventually hinder the Digital Packaging & Labeling Market growth.
Digital Packaging and Labeling Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Digital Packaging & Labeling Market. Global Digital Packaging and Labeling's top 10 companies include
- Cenveo Worldwide Ltd.
- Edwards Label Inc.
- Durst Phototechnik AG
- Flint Group
- Frontier Label Inc.
- AB Graphic International
- Xerox Holdings Corp
- Ball Corporation
- Reel Appeal
- Landa Corp.
Recent Developments
- On March 28, 2022, Essentra Packaging has launched its innovative Piggyback® leaflet service, which allows the incorporation of comprehensive usage guidance, regulatory information, and enhanced security features into packaging, without increasing the dimensions of a leaflet.
- On March 28, 2022, All American Label & Packaging (AALP) has merged with Western Shield Label and Packaging, one of the leading providers of pressure-sensitive labels and packaging to the food, beverage, health, beauty, and industrials sectors to extend manufacturing footprint into the Southeast region.
- In July 2021, Ball Corp. is planning to expand its beverage packaging manufacturing with plants in Western Russia and the East Midlands, UK, adding billions of cans per year, and production is expected to begin in 2023.
- In May 2019, Cenveo, a leading global provider of print and related resources has launched the new division, Cenveo Digital Direct, through a joint venture with Katana Studio LTD, a global leader in computer-generated imagery (CGI) production.
Relevant Reports
Report Code: ESR 0005
Report Code: HCR 1283
Report Code: CMR 0145
Report Code: CMR 0435
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1. Digital Packaging & Labeling Market- Market Overview
1.1 Definitions and Scope
2. Digital Packaging & Labeling Market- Executive Summary
2.1 Key Trends by Technology
2.2 Key Trends by Substrate
2.3 Key Trends by Packaging Type
2.4 Key Trends by End-use Industry
2.5 Key Trends by Geography
3. Digital Packaging & Labeling Market– Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Digital Packaging & Labeling Market- Startup Companies Scenario Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Digital Packaging & Labeling Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Digital Packaging & Labeling Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Digital Packaging & Labeling Market– Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Digital Packaging & Labeling Market – By Technology (Market Size -US$ Million/Billion)
8.1 Inkjet
8.2 Thermal Transfer
8.3 Electrophotography
9. Digital Packaging & Labeling Market – By Substrate (Market Size -US$ Million/Billion)
9.1 Paper
9.2 Foil
9.3 Metal
9.4 Plastic
9.5 Glass
9.6 Others
10. Digital Packaging & Labeling Market – By Packaging Type (Market Size -US$ Million/Billion)
10.1 Flexible Packaging
10.2 Rigid Packaging
11. Digital Packaging & Labeling Market – By End Use Industry (Market Size -US$ Million/Billion)
11.1 Food & Beverages
11.1.1 Frozen Food
11.1.2 Snacks
11.1.3 Soft Drinks & Juices
11.1.4 Chocolates
11.1.5 Candies
11.1.6 Dairy Products
11.1.7 Wines
11.1.8 Bears
11.1.9 Others
11.2 Pharmaceutical & Healthcare
11.2.1 Pills, tablets & capsules
11.2.2 Syrups
11.2.3 Topical Medications
11.2.4 Powders
11.2.5 Vaccinations
11.2.6 Droplets
11.2.7 Nutritional products and health supplements
11.2.8 Others
11.3 Personal Care
11.3.1 Skin Care
11.3.2 Hair Care
11.3.3 Cosmetics
11.3.4 Bath & Shower
11.3.5 Oral Care
11.3.6 Others
11.4 Aerospace & Defense
11.5 Electric & Electronics
11.6 Consumer Goods
11.7 Industrial
11.8 Others
12. Digital Packaging & Labeling Market - By Geography (Market Size -US$ Million/Billion)
12.1 North America
12.1.1 USA
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Netherlands
12.2.6 Spain
12.2.7 Russia
12.2.8 Belgium
12.2.9 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zealand
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 Rest of APAC
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Colombia
12.4.4 Chile
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 UAE
12.5.1.3 Israel
12.5.1.4 Rest of the Middle East
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 Rest of Africa
13. Digital Packaging & Labeling Market– Entropy
13.1 New Product Launches
13.2 M&As, Collaborations, JVs and Partnerships
14. Digital Packaging & Labeling Market – Industry/Segment Competition Landscape Premium
14.1 Company Benchmarking – Major Companies
14.2 Market Share at Global Level - Major companies
14.3 Market Share by Key Region - Major companies
14.4 Market Share by Key Country - Major companies
14.5 Market Share by Key Application - Major companies
14.6 Market Share by Key Product Type/Product category - Major companies
15. Digital Packaging & Labeling Market – Key Company List by Country Premium Premium
16. Digital Packaging & Labeling Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Digital Packaging and Labeling Market, by Type Market 2019-2024 ($M)2.Global Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Digital Packaging and Labeling Market, by Type Market 2019-2024 (Volume/Units)
4.Global Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Digital Packaging and Labeling Market, by Type Market 2019-2024 ($M)
6.North America Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Digital Packaging and Labeling Market, by Type Market 2019-2024 ($M)
8.South America Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Digital Packaging and Labeling Market, by Type Market 2019-2024 ($M)
10.Europe Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Digital Packaging and Labeling Market, by Type Market 2019-2024 ($M)
12.APAC Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Digital Packaging and Labeling Market, by Type Market 2019-2024 ($M)
14.MENA Digital Packaging and Labeling Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
2.Canada Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
3.Mexico Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
4.Brazil Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
5.Argentina Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
6.Peru Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
7.Colombia Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
8.Chile Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
10.UK Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
11.Germany Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
12.France Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
13.Italy Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
14.Spain Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
16.China Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
17.India Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
18.Japan Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
19.South Korea Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
20.South Africa Global Digital Packaging And Labeling Market Revenue, 2019-2024 ($M)
21.North America Global Digital Packaging And Labeling Industry By Application
22.South America Global Digital Packaging And Labeling Industry By Application
23.Europe Global Digital Packaging And Labeling Industry By Application
24.APAC Global Digital Packaging And Labeling Industry By Application
25.MENA Global Digital Packaging And Labeling Industry By Application