London, 10 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global electrophotography printing market in the packaging industry 2015-2019, which is estimated to grow at a CAGR of 8.78% during 2014-2019.
Some of the key factors propelling growth of this market are the rise in digital printing, the increasing adoption of color labels, the development of better printing solutions due to advances in technology, and the increasing investment in marketing activities by business customers. Moreover, the high growth in the food, healthcare, and retail industries is expected to contribute to the growth of this market during the forecast period.
“The growth in the global digital printing market has significantly affected the labeling and packaging industry over past few years,” says Faisal Ghaus, Vice President of Technavio.
“The increased adoption of digital printing has led to the development of advanced hybrid printing technology, which includes both digital and conventional printing processes.”
Key Market Drivers
- Increased Use of Electrophotography in Packaging
- Advances in Technology
- High Demand from Emerging Regions
- Increasing Need for Improved Marketing Activities
Key Market Trends
- Growth in Digital Printing
- Increasing Usage of Large-format Electrophotographic Printers
- Rising Demand for Color Labels
Key Market Vendors
- AB Graphic International GmbH
- Hewlett-Packard Development Co. (HP)
- Landa Corp.
- Xeikon NV
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
