Increasing Demand from E-Commerce Industry to Escalate North America Digital Printing for Corrugated Boards Market Growth
According to our latest market study on “North America Digital Printing for Corrugated Boards Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Printing Inks and End-Use Industry,” the North America digital printing for corrugated boards market size is expected to grow from US$ 1,716.13 million in 2022 to US$ 2,753.82 million by 2028; it is estimated to register a CAGR of 8.2% from 2022 to 2028. The report highlights key factors driving the North America digital printing for corrugated boards market growth and prominent players along with their developments in the market.
Digital printing offers packaging personalization and production flexibility, saving packaging time to market. Due to various equipment improvements and technological developments, brand owners and packaging converters prefer digital printing. Digital printing for corrugated boards is prominently used in several industries, including food & beverages, pharmaceuticals, and personal care & cosmetics. Digital printing has made it possible to achieve much higher resolution, multi-color, intricate images, and text on corrugated substrates without harming the integrity of the materials.
North America Digital Printing for Corrugated Boards Market Breakdown – by Region
North America Digital Printing for Corrugated Boards Market Forecast to 2028 - Regional Analysis By Printing Inks (Solvent-based, UV-based, Aqueous, and Others) and End-Use Industry (Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, and Others)
North America Digital Printing for Corrugated Boards Market to Grow at a CAGR of 8.2% to reach US$ 2,753.82 million from 2022 to 2028
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The key players operating in the North America digital printing for corrugated boards market are The Boxmaker Inc, Nosco Inc, Printpack Inc, Elanders AB, Huhtamaki Oyj, Mondi Plc, Xerox Holdings Corp, Quad/Graphics Inc, DS Smith Plc, and DuPont. Players operating in the North America digital printing for corrugated boards market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in research and development activities and new product launches.
Impact of COVID-19 Pandemic on North America Digital Printing for Corrugated Boards Market
The COVID-19 pandemic has adversely affected the digital printing for corrugated boards market. The unprecedented rise in the number of COVID-19 cases across the region and the subsequent lockdown of numerous manufacturing facilities negatively influenced the digital printing for corrugated boards market growth. In addition, the overall disruptions in manufacturing processes, research, and development activities restrained the growth of the digital printing for corrugated boards market. The North American marketplace is recovering from the losses as governments of different countries in the region have announced relaxation in the restrictions. Manufacturers are permitted to operate at full capacity, which is helping them overcome the supply gap. Moreover, the rising vaccination rate is positively boosting the overall growth of the industry. The pandemic led to a change in consumer habits of purchase. During the COVID-19 pandemic, consumers across the region shifted toward online purchasing of food & beverage and pharmaceutical products. This factor has positively affected the digital printing for corrugated boards market growth in the region.
The report includes the segmentation of the North America digital printing for corrugated boards market as follows:
Based on printing inks, the North America digital printing for corrugated boards market is segmented into solvent-based, UV-based, aqueous, and others. By end-use industry, the North America digital printing for corrugated boards market is divided into food & beverage, pharmaceuticals, personal care & cosmetics, and others. In terms of country, the North America digital printing for corrugated boards market is segmented into the US, Canada, and Mexico.
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