As general commercial printing, newspapers and magazines suffer declines—at least in the developed Western markets—packaging and labels is emerging as a beacon of growth and revenue.
In its report Packaging Printing Markets, respected research organization Markets and Markets predicts that the global market for packaging printing is projected to grow at a CAGR of 6.26% from 2015 to 2020, to reach USD $587.19 billion by 2020. Within this sector, digitally printed packaging, although currently only a small 1.9% of total packaging, will experience a CAGR of 16.2% globally, according to another report by Smitherspira.
The growth in digitally printed packaging is largely in the label sector but the recent drupa 2016 expo introduced many new technologies for digital flexible packaging, folding cartons and corrugated board. Fujifilm and its partners were at the forefront of these innovations, primarily with inkjet printheads, UV and rapid coagulation inks and presses, not all of which are yet available in the Australian market.Read More