NEW YORK , March 21, 2023 /PRNewswire/ -- The digital packaging and labeling market size is forecast to grow by USD 22.35 billion between 2022 and 2027, and the growth momentum will be accelerating at a CAGR of 14.91% during the forecast period. The growth of the market is driven by the benefits of variable data printing. The adoption of digital packaging and labeling reduces setup time compared to traditional analog printing. In digital packaging and labeling, the content is printed on sheets can be changed on computers or personalized programmable devices. This reduces the printing time, which is increasing the demand for digital packaging and labeling among end-users. All these factors are driving the growth of the market. However, the high per-unit cost for high-volume printing will challenge the growth of the market in focus. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample
The global digital packaging and labeling market is fragmented. The market comprises several established and small vendors. The vendors are competing to enhance their market presence by partnering with different end-users. This is helping them to sustain and remain competitive. The digital packaging and labeling market report includes information on the key products and recent developments of leading vendors, including:
Cenveo Worldwide Ltd. - The company offers solutions for digital packaging and labeling that deliver robust and efficient, digital laser-based coding solution that supports customer packaging and labeling requirements.
Consolidated Label Co. - The company offers solutions for digital packaging and labeling to utilize innovative print enhancements and technology to drive customer engagement.
DuPont de Nemours Inc. - The company offers solutions for digital packaging and labeling where every color separations are transferred simultaneously for accurate and repeatable color-to-color registration.
Lofton Label and Packaging Inc. - The company offers solutions for digital packaging and labeling which detects media splices and automatically skips them while continuing to print.
The report analyzes the market across regions such as North America , Europe , APAC, Middle East and Africa , and South America . APAC will account for 32% of the market growth during the forecast period. The regional market is driven by the growth of the e-commerce and retail industries. Increased foreign direct investments (FDIs) in China , India , and Japan is another major factor driving the growth of the digital packaging and labeling market in APAC.
The growth of the market is driven by factors such as the growing consumption of packaged beverages globally, environmental benefits of digital packaging and labeling, and the benefits of variable data printing. However, the per-unit cost for high-volume printing will challenge the growth of the market.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
By end-user, the market is segmented into food and beverages, personal care, healthcare, electronics, and others. The food and beverages industry is the major end-user in the market. Labeling is vital in the promotion and marketing of food products. Effective labeling helps consumers to choose the right product. Digital printing is widely used in the food and beverage industry by suppliers, producers, and brand owners to create labels and packaging. This is fueling the growth of the segment.
By technology, the market is segmented into inkjet and electrophotography.
By geography, the market is segmented into North America , Europe , APAC, Middle East and Africa , and South America .
Get a holistic view of the market
Grow your profit margin with Technavio – Buy the Report!
The anti-money laundering (AML) software market is estimated to grow at a CAGR of 15.01% between 2022 and 2027. The size of the market is forecast to increase by USD 2,763.04 million . The increased need for risk management is notably driving the market growth, although factors such as the high cost of implementation may impede the market growth.
The RPA and hyperautomation market is estimated to grow at a CAGR of 23.59% between 2022 and 2027. The size of the market is forecasted to increase by USD 20,532.42 million . The rise in the need for automation within major industries is notably driving the market growth, although factors such as lack of awareness regarding RPA and hyperautomation solutions may impede the market growth.
Technavio's library includes over 17,000+ reports, covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to Technavio Insights
What are the key data covered in this digital packaging and labeling market report?
CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the digital packaging and labeling market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the market across North America , Europe , APAC, Middle East and Africa , and South America .
A thorough analysis of the market's competitive landscape and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of digital packaging and labeling market vendors.
Digital Packaging and Labeling Market Scope
Accelerate at a CAGR of 14.91%
North America, Europe, APAC, Middle East and Africa, and South America
US, China, Japan, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Cenveo Worldwide Ltd., Consolidated Label Co., DS Smith Plc, DuPont de Nemours Inc., Eastman Kodak Co, Flint Group, Hewlett Packard Enterprise Co., Lofton Label and Packaging Inc., Mondi plc, Printpack Inc., Quad/Graphics Inc., Quantum Print and Packaging Ltd, RR Donnelley and Sons Co., SAKATA INX CORP., Smurfit Kappa Group, THIMM Group GmbH Co. KG, Traco Manufacturing, Xeikon, Xerox Holdings Corp., and CCL Industries Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse through Technavio's Information Technology Market Reports
3.4 Market outlook: Forecast for 2021-2026
5.3 Inkjet - Market size and forecast 2021-2026
5.4 Electrophotography - Market size and forecast 2021-2026
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 Germany - Market size and forecast 2021-2026
7.12 Japan - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.3 A B Graphic International Ltd.
11.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/digital-packaging-and-labeling-market-size-to-increase-by-usd-22-35-billion-between-2022-and-2027-growth-driven-by-benefits-of-variable-data-printing---technavio-301776421.html
The last year has seen a large number of job layoffs in the technology sector. Major companies like Salesforce, ESPN, Microsoft, Google, and Meta Platforms have all announced cuts to staffing -- a move that has been largely attributed to the rapid growth of online tech during the covid-19 lockdown. Amazon is one of the biggest companies announcing waves of job cuts -- in January, the company let go of more than 2,300 employees in the payments, health care, human resources, robotics, and web services departments.
US semiconductor company Marvell Technology is laying off its entire research and development team in mainland China, about five months after the firm initiated job cuts to scale down its operations in the world's largest chip market. Santa Clara, California-based Marvell said it is eliminating about 320 jobs, or 4 per cent of its global workforce, in response to what the company described as an industry slowdown, according to a statement from the firm on Wednesday. "We are streamlining our orga
U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months. Retail gasoline prices, now averaging $3.44 a gallon nationwide, hit a record $5.02 a gallon last June as crude oil prices jumped on Russia's invasion of Ukraine and the waning of COVID-19 travel curbs unleashed pent up travel demand. Vehicle travel in the U.S. started the year 5.6% higher than last year, leading to a drop in gasoline stockpiles for five straight weeks.
The regulator believes the largest U.S. crypto exchange violated investor-protection laws in several aspects of its business, including its staking and wallet service.
While Chick-fil-A creates numerous political controversies, its customer base really loves its chicken. In the most recent version of the survey, for example, Chick-fil-A scored an 83, putting it well-above second-place finished Jimmy John's at 79. In a broad sense, on a local store-based level, Chick-fil-A has built its business around customer service.
BYD Co, Ltd (OTC: BYDDF) (OTC: BYDDY) has reduced shifts at two auto assembly plants in China, signifying weaker demand in the largest auto market. The Warren Buffett-backed company asked some workers at its Xian plant, its biggest manufacturing hub, to work only four days a week in a factory running two eight-hour shifts per day, Reuters reports citing familiar sources and an internal memo. The Xian plant produces BYD's top-selling Song and Qin EV sedans. Also Read: Warren Buffett Backed BYD Sh
Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.
You're in a race against time and your dream retirement awaits at the finish line.
(Bloomberg) -- Coinbase Global Inc. said it received a notice from the SEC formally declaring the securities regulator’s plans to bring an enforcement action against the largest US crypto exchange, the latest development in a long-running dispute between the watchdog and the digital-asset company. Most Read from BloombergFinally, a Serious Offer to Take Putin Off Russia’s HandsAckman Warns of Accelerated Deposit Outflows After Fed DecisionBomb Threat Called In to New York Court Where Trump Heari
Dan Durn talks about Adobe's growth, preventing mass layoffs, and generative A.I.
The proposals may unintentionally hurt those least prepared for retirement.
Emails obtained through a public records request show that the Boston area beat out at least three other regions for the company with expected revenue over $4 billion.
It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As … Continue reading → The post Am I Saving Too Much for Retirement? appeared first on SmartAsset Blog.
Following an internal assessment of the clinical data collected from calibration studies, Check-Cap Ltd (NASDAQ: CHEK) said the current efficacy results do not meet the goal to proceed to the powered portion of the U.S. pivotal study. The company initiated the first part of the pivotal U.S. study of C-Scan in May 2022, focusing on device calibration and enhancement of C-Scan algorithms among the average-risk U.S. population. Check-Cap said the calibration studies’ target is to optimize the C-Sca
Coinbase Global said the Securities and Exchange Commission has sent the company a "Wells Notice."
Since the Paris Agreement in 2016, the biggest banks that fund the fossil fuel industry seem to have minimally decreased their support, and in some cases are actually increasing their funding.
Hershey Co is looking to reduce "trace" amounts of lead and cadmium in its chocolate, chief financial officer Steve Voskiul told Reuters on Wednesday, after Consumer Reports found that some dark chocolate bars had potentially harmful levels of the heavy metals. Consumer Reports, a nonprofit consumer group, tested chocolate bars including those made by Hershey late last year and found that some of them contained possibly harmful levels of lead, cadmium or both for people who eat more than one ounce per day.
A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors Corp of producing faulty transmissions for about 800,000 vehicles from the 2015 to 2019 model years. Drivers said the transmissions cause vehicles to shudder, and cause "harsh shifts" including hesitations, lunges, lurches, and making them feel as though they had been rear-ended.
(Bloomberg) -- China’s reopening after three years of Covid Zero is the main source of optimism for commodities markets wracked by a string of bank failures and slowing global growth.Most Read from BloombergFinally, a Serious Offer to Take Putin Off Russia’s HandsAckman Warns of Accelerated Deposit Outflows After Fed DecisionBomb Threat Called In to New York Court Where Trump Hearing HeldA New Chapter of Capitalism Emerges From the Banking CrisisStocks Roiled by Fed Day’s Nerve-Wracking Rhetoric
WILMINGTON, Delaware (Reuters) -Lawyers for Fox Corp and Dominion Voting Systems clashed in court on Wednesday over whether top Fox executives including Chairman Rupert Murdoch should be considered liable in the voting-technology company's $1.6 billion defamation lawsuit over 2020 U.S. election vote-rigging claims aired by Fox News. Delaware Superior Court Judge Eric Davis wrapped up a two-day hearing without ruling on requests by both sides that he decide elements of the case in their favor without moving to a full trial. Dominion accused Fox in its 2021 lawsuit of destroying its business by airing false claims that its machines were used to rig the 2020 U.S. presidential election against former President Donald Trump and in favor of Democrat Joe Biden.