South & Central America Digital Printing Packaging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Ink Type (Solvent-based, UV-based, Aqueous, and Others), Packaging Type (Corrugated, Folding Cartons, Flexible Packaging, Labels, and O

South & Central America Digital Printing Packaging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Ink Type (Solvent-based, UV-based, Aqueous, and Others), Packaging Type (Corrugated, Folding Cartons, Flexible Packaging, Labels, and Others), and End-Use Industry (Food and Beverage, Pharmaceuticals, Personal Care and Cosmetics, and Others)

The South & Central America digital printing packaging market is expected to grow from US$ 684.51 million in 2022 to US$ 1,182.58 million by 2028. It is estimated to grow at a CAGR of 9.5% from 2022 to 2028.

Rising Demand for Sustainable Packaging is Driving the South & Central America Digital Printing Packaging Market

Sustainable printing is important for reducing the adverse impact of offset printing on the environment. Compared to analogue, or conventional printing, digital printing is a far more sustainable option since it uses less energy, produces less waste, and has a smaller carbon footprint overall. The materials involved in digital print – from the inks to the films – are also sustainable. Further, digital printing packaging uses recycled and renewable products. Process-free plates, including cold press plates, are used to eliminate volatile compounds, expanding the adoption of digital printing. Unlike conventional printing, digital printing does not employ photo chemicals or film plates, eliminating the pre-press phases between the digital document file and the final print. The usage of digital printers does not replace plate, which saves time and costs. In addition, digital presses do not create harmful toxic pollutants. Hence, they do not require the ventilation required for offset presses, which reduces their overall energy consumption. Also, as a sustainable printing method, digital presses use a wide range of recycled substrates for printing. The rising demand for sustainable printing and flexible packaging is expected to boost the growth of the South & Central America digital printing packaging market during the forecast period.

South & Central America Digital Printing Packaging Market Overview

The South & Central America digital printing packaging market is sub segmented into Brazil, Argentina, and the Rest of South & Central America. Despite the ongoing surge in COVID-19 cases, South & Central America's digital printing packaging sector seems to be benefiting from a speedy recovery in the region's economy. According to the Brazilian Packaging Association (ABRE), Brazil reached a gross value of US$ 17.2 billion in packaging's physical production in 2020, a growth of 22.3% over the previous year. Moreover, increasing investments by major food and beverage manufacturers such as Coca-Cola is expected to propel the growth of the South & Central America digital printing packaging market in South & Central America during the forecast period. The rise in investment in R&D activities and technological innovation related to digital printing packaging is also expected to bolster the growth of the South & Central America digital printing packaging market.

South & Central America Digital Printing Packaging Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Digital Printing Packaging Market Segmentation

The South & Central America digital printing packaging market is segmented into ink type, packaging type, and end-use industry and country.

Based on ink type, the South & Central America digital printing packaging market is segmented into solvent-based, UV-based, aqueous, and others. In 2022, the solvent-based segment registered a largest share in the South & Central America digital printing packaging market.

Based on packaging type, the South & Central America digital printing packaging market is segmented into corrugated, folding cartons, flexible packaging, labels, and others. In 2022, the corrugated segment registered a largest share in the South & Central America digital printing packaging market.

Based on end-use industry, the South & Central America digital printing packaging market is segmented into food and beverage, pharmaceuticals, personal care and cosmetics, and others. In 2022, the food and beverage segment registered a largest share in the South & Central America digital printing packaging market.

Based on country, the South & Central America digital printing packaging market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil segment registered a largest share in the South & Central America digital printing packaging market.

DS Smith Plc; DuPont de Nemours Inc; HP Inc; Mondi Plc; Quad/Graphics Inc; Xeikon BV; and Xerox Holdings Corp are the leading companies operating in the South & Central America digital printing packaging market.

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