The digital label printing is used by the various companies in order to print the logos or labels with help of digital printing technology. The digital label printing offers high resolution of the image so that small image can be seen clearly. It is a cost effective technology to produce custom labels, vibrant colors and crisp text. Digital label printing requires less labor and produces less waste in comparison to the traditional flexographic printing. The digital label printing is generally used in product packaging by different industries such as food & beverages, cosmetics, pharmaceuticals and others.
Market Size and Forecast
The global digital label printing market is expected to expand at a significant CAGR during 2018-2027. It is projected to attain significant market value by 2027. The cost effectiveness of the digital label printing coupled with the increasing demand from various industries is anticipated to boost the growth of the global digital label printing market during the forecast period. The global digital label printing market can be segmented on the basis of system type, end-use and region. On the basis of system type, it is sub-segmented into inkjet system, toner system and others. Inkjet printers are anticipated to lead the system type segment. The various advantages of the ink jet printers such as low start-up cost, inexpensive cartridges and relatively smaller and lightweight than any other printers is anticipated to be the primary reason for the sub-segment to lead the system type segment during the forecast period. On the basis of end-use, it is sub-segmented into consumers, packaging companies and converting companies. Packaging companies is anticipated to be the largest end-use sub-segment during the forecast period. The increasing use of the digital label printing in the packaging industry is predicted to be the major factor for the packaging industry to lead the end-use segment during the forecast period.
By region, global digital label printing market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share of the global digital label printing market during the forecast period on the account of the rapid growth in the labeling industry in region. Asia-Pacific region is anticipated to be the fastest developing region for the global digital label printing market. The increasing expansion of the packaging and labeling industry in the region is anticipated to fuel the market growth of the digital label printing in the region.
Our in-depth analysis segmented the global digital label printing market in the following segments:
By System Type:
Global digital label printing market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The increasing use of the digital printing by various end-users is anticipated to propel the global digital label printing market throughout the forecast period. Global digital label printing market is expected to witness robust growth on the account of increasing concern among the consumers regarding the legitimacy of products coupled with the availability of the substitute products in the market. The versatility, flexibility and high graphic standards related to digital label printing are anticipated to fuel the growth of the global digital label printing market.
However, high cost of the labeling associated with the digital label printing is anticipated to restrain the market growth of the global digital label printing.
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