Global Digital Packaging and Labeling Market 2015-2019

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Jul 17, 2015, 10:38 ET

DUBLIN, July 13, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/gbfmnh/global_digital) has announced the addition of the "Global Digital Packaging and Labeling Market 2015-2019" report to their offering.

The analysts forecast the Global Digital Packaging and Labeling market to grow at a CAGR of 18.25% over the period 2014-2019

Digital packaging and labeling is a modern technique of packaging and labeling various manufactured and non-manufactured goods. In this technique, the image is transferred to the substrate from a digital storage device, with the help of a device that supports digital images or texts. The process involves a complex set of arithmetic formula, related to each image or text.

The technique provides many advantages such as faster labeling process, less maintenance, non-distortion of images, provision for wide range of substrates, and customization. The two significant methods of digital packaging and labeling are electrophotography and inkjet.

One major trend emerging in this market is the growth in the Packaging and Labeling industry. The increased demand for various products has increased the need for companies in the end-user segments to retain existing customers, attract new ones, and gain customer loyalty.

According to the report, one key driver of the market is the growth of major industries. The growth of major industries such as consumer goods, healthcare, automotive, and electronic goods has increased the demand for packaging, leading to the growth of the market.

Further, the report states that one key challenge hindering the growth of the market is the high usage of analog packaging and labeling. Analog packaging and labeling is a traditional method and it is still used by most of the packaging and labeling companies.

Key Vendors