Digital printing packaging market projected to grow at 14.73% CAGR by 2026 – Market Report
With new advancements, digital printing is becoming one of the most sought after printing technology for industries such as packaging. It is more cost-efficient and also saves a lot of time which is further fostering its growth across sectors. According to Trends Market Research (TMR), the digital printing market is expected to grow at the rate of 14.73% CAGR by 2026.
When it comes to end-users, the food and beverage sector is expected to rise at a higher rate mainly due to the high demand for food packaging and the increasing trend of variable data printing on food packages to communicate the composition, shelf-life, and nutritional value of the product.
Going forward, customisation in food packaging is going to gain prominence further accelerating adoption of digital printing technology. The unique features of digital printing techniques encourages customisation in packaging, which is anticipated to drive its market growth.