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Industries will produce electronics, cosmetics, soft drinks, alcoholic drinks, and household items which demands premium packaging. This is likely to create new growth opportunities for the market.
On the contrary, fluctuation in the prices of raw materials is considered to curb the growth of the market during the assessment period. Moreover, the high manufacturing cost is considered to deter the market growth in the foreseeable future.
Segmental Analysis
The Digital Printing for Packaging market has been segmented on the basis of type, technology, application, and end-user.
Based on technology, the Digital Printing for Packaging market comprises electrophotography, inkjet, and others.
The application segment comprises cans, boxes, bottles, and others. COVID-19 Impact
Food & beverages, pharmaceuticals, personal care, electronics goods, and others comprise the end-user segmentation of Digital Printing for Packaging market. Among these, the food & beverage segment is likely to gain prominence in the coming years. The surging demand for branded and packaged products is likely to drive the segment. The increasing demand for labeling and product differentiation for their authentication further fuels the market growth in this segment.
Regional Frontiers
Geographically, the Digital Printing for Packaging market span across regions, namely, Europe, Asia Pacific, North America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region is estimated to dominate the global Digital Printing for Packaging market. The growth can be ascribed to the surging disposable income among the individuals, coupled with the changing lifestyle. The presence of emerging countries like India and China is anticipated to contribute to the growth of the market. In this region, China is likely to occupy the largest market share due to the evolving F&B and healthcare industries. Moreover, the large consumer base, growing manufacturing activities, and the overall positive economic environment are likely to dictate the growth trajectory of the regional market.
Competitive Dashboard
The prominent players operating in the global Digital Printing for Packaging market comprises Weber Packaging Solutions Inc. (U.S.), W S Packaging Group, Inc. (U.S.), Xeikon N.V. (Netherlands), Xerox Corporation (U.S.), Mondi Group
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http://www.briefingwire.com/pr/flexible-lid-stock-packaging-market-size-covid-19-impact
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