SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Digital Printing Packaging - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 576
Companies: 41 - Players covered include DowDuPont, Inc.; Eastman Kodak Company; HP, Inc.; Mondi PLC; Quad Graphics Inc.; Quantum Print and Packaging Ltd.; Traco Manufacturing, Inc.; WS Packaging Group, Inc.; Xeikon NV; Xerox Corporation and Others.
Coverage: All major geographies and key segments
Segments: Ink (Solvent-Based, UV-Based, Aqueous, Other Inks); Printing Technology (Thermal Transfer, Inkjet, Electrophotography & Electrostatic, Other Printing Technologies); Packaging Type (Corrugated, Folding Cartons, Flexible Packaging, Labels, Other Packaging Types); End-Use (Food & Beverage, Pharmaceuticals & Healthcare, Household & Cosmetic Products, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Digital Printing Packaging Market to Reach $39.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Digital Printing Packaging estimated at US$18.9 Billion in the year 2020, is projected to reach a revised size of US$39.3 Billion by 2026, growing at a CAGR of 12.7% over the analysis period. Solvent-Based, one of the segments analyzed in the report, is projected to record a 13.8% CAGR and reach US$26.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the UV-Based segment is readjusted to a revised 10.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.8 Billion in 2021, While China is Forecast to Reach $8.4 Billion by 2026
The Digital Printing Packaging market in the U.S. is estimated at US$5.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2026 trailing a CAGR of 16.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 11% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
Aqueous Segment to Reach US$8.4 Billion by the year 2026
In the global Aqueous segment, USA, Canada, Japan, China and Europe will drive the 10.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion in the year 2020 will reach a projected size of US$6.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.