Digital Print For Packaging Forecast To Grow At Double-Digit Rate
In 2019 the total market value of all digital packaging and label printing is $18.9 billion. The digital print market has more than doubled over the past five years in value and print volume, making digital packaging the most dynamic and fastest-growing part of the print market as corrugated, cartons, flexibles and rigid plastics follow the more established digital label production sector.
According to Smithers Pira’s recent market report "The Future of Digital Print for Packaging to 2024" the value of the digital packaging sector will reach $31.6 billion, accounting for 6.38 percent of all printed packaging by value in 2024. The area printed will grow at a CAGR of 13.1 percent between 2019 and 2024, to the equivalent of 383.6 billion A4 prints.