COVID-19’s impact on manufacturing issued a significant toll on the digital printing packaging industry. Production slowed, plants closed, and supply-chain disruptions put everything at a standstill. Fortunately, manufacturing eventually hit its stride again, and the digital printing packaging market rebounded mightily as of late 2021. And it’s with this momentum that the industry begins a decade-long expansion.
In a recently published report, Allied Market Research (AMR) forecasts that the digital printing industry for packaging will propel from $20.6B globally in 2021 to $49.9B by 2031. That’s a compound annual growth rate of 9.1%.
So what’s fueling the industry’s rapid growth? From pandemic-related disruptors to new consumer buying habits, these insights highlight the sector’s strength and what we can expect over the next decade.
