GCC Digital Printing Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.93 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Digital Printing Market Analysis
The GCC Digital Printing Market revenue was estimated to be USD 638.4 Million in the previous year. The market is expected to reach USD 1057.4 Million over the forecast period, registering a CAGR of 8.93%. The technological advancements, coupled with demand for creative packaging, driven by intense competition and brand awareness, are expected to aid the market's growth. The growing demand for innovative packaging from end-user segments, like food, beverage, and cosmetics, is expected to expand the studied market.
- The growth of the print label market is augmented by the rapid rise of digital print technology that has made the label printing market more sophisticated and increased the adoption of digital print labels. The major growth features are their flexibility, versatility, and high graphics standards. Printing on metallic films, plastics, cellophane, paper, and corrugated surfaces is possible using the flexographic method.
- Moreover, advancements such as AI, machine learning, IoT, and data analytics, have personalized offerings to a great extent. The convergence in digital printing enables superiority in print personalization for large-volume orders. However, the cost factor remains a big hurdle.
- Significant improvements in print manufacturing efficiency, with just-in-time production and increased focus on supply chain management, such as superior demand forecasting, have reduced wastage in the packaging printing market. Technological developments aiding digital printing have ensured waste minimization, keeping the print quality at par.
- Development in the packaging printing industry, demand for aesthetics, product differentiation, and technological advancements are some digitally printed packaging market drivers. A significant initial investment is required to install production and printing equipment. Setting up a factory or purchasing a printing press requires higher investments.
- The COVID-19 pandemic did not slow down the pace of research and development in the packaging industry, despite the harm it caused to the packaging industry. Packaging technologists put in even more effort to develop solutions for a consumer market that COVID-19 had altered. For instance, digital printing for packaging and the digitalization of the packaging printing value chain accelerated during the COVID-19 pandemic.
GCC Digital Printing Market Trends
Labels to Witness Significant Growth
- Digital labels are a type of pressure-sensitive labels made using cutting-edge digital printing technology. In the past few years, digital labels have emerged, offering brands improved label quality at reduced costs. It provides many benefits over other labels, including high resolution, even for tiny details and small print, photographic-quality imagery, and rapid turnarounds on print orders, which reduced cost per unit for short-to-medium-size runs.
- Further, customers' growing concern about earth-friendly printing solutions is pushing vendors in the market to adopt digital packaging solutions. For instance, Advanced Labels NW company has partnered with DTG Recycling Group to recycle up to 100% of all of its operational, manufacturing, and packaging waste. This has made the company truly Green because of its environmental commitment.
- The labels can be produced on unique substrates, like metalized papers or transparent PP, and are typically used for glass bottles, jars, and plastic (PET, HDPE) containers. They offer certain features, such as low production costs due to a 30-50% reduction in glue usage and less labeling waste, excellent tensile strength, and stiffness for minimal curling, tearing, flagging and folding, stiffness, and moisture absorbent, among others.
- The increasing R&D initiatives by the players in the industry have enabled them to produce papers that have high endurance and resist disintegration. This is anticipated to propel the growth over the forecast period.
- The Department of Economy & Tourism in Dubai (DED) estimates that the United Arab Emirates (UAE) e-commerce sales would be worth about 27 billion US dollars in 2022. Between 2018 and 2022, e-commerce sales in the UAE are expected to expand by an average of 23% annually. The need for packing supplies and labels to transport goods to clients is growing as e-commerce develops more. Digital printing technology makes it possible to print package materials in a flexible and customised manner, giving businesses the ability to produce distinctive and distinctive packaging. The packaging sector may see an increase in demand for digital printing solutions due to the expansion of e-commerce sales.
Inkjet to Witness Significant Growth
- Digital printing is expected to be the major growth generator for print over the next five years. Inkjet printing, a key process in the evolution of digital print, includes spraying tiny droplets of liquid ink onto paper. These are usually placed with precision, enabling almost photo-quality images.
- Inkjet printing is used because it provides an economical alternative to other print processes. It has the advantage of all-digital print, full variability, and also low set-up costs, allowing economic printing of runs down to single copies. This is being adopted in book manufacturing to deliver a valuable additional revenue source to the publishers and has enabled considerable growth in self-publishing titles.
- Inkjet printing now offers a variety of colors and opportunities, which translate into enhanced image quality. Its basic strengths are non-impact printing, which delivers great flexibility in print systems and inks that could print on almost any substrate, including irregular objects.
- Inkjet is consistently enhancing, both in terms of reliability and in terms of economics, backed by heavy investments in machinery, printing heads, inks and drying systems, and software and substrates. It is suitable to print on many products because the non-impact process is very flexible and prints at high quality and speed, while the cost position is becoming increasingly economical against most analog printing alternatives.
- According to the General Authority for Statistics (Saudi Arabia), it is anticipated that Saudi Arabia would generate around USD 3.1 billion in sales from the manufacturing of beverages. The demand for creative and appealing packaging solutions will increase as the beverage sector grows. The design and customisation options provided by inkjet digital printing technology allow producers to produce distinctive and eye-catching beverage packaging. In a cutthroat market, this may help items stand out from the competition and draw in customers.
GCC Digital Printing Industry Overview
Vendor mergers and acquisitions are occurring in the industry, creating profitable prospects for businesses and accelerating both market expansion and technical improvement. It is anticipated that investment in the market will increase as a result of some of the major companies making investments in innovative printing industry technologies and solutions.
- In September 2022, Amcor announced a strategic investment in ePacFlexible Packaging (also known as "ePac") of up to USD 45 million. ePac is a pioneer in high-quality, brief run length digitally-based flexible packaging. Amcor will own more minority shares of ePacHoldings LLC due to the investment. ePacis focused on digital printing technology to meet the short-run requirements of its small customers in the consumer products sector.
- In April 2022, Sealed Air announced the launch of prismiq, a digital packaging brand with a portfolio of design services, digital printing, and smart packaging solutions. Leveraging state-of-the-art digital printing technology, prismiq delivers breakthrough value to its customers, enabling touchless automation in facility and customer operations and sustainability in packaging.
GCC Digital Printing Market Leaders
Mondi PLC
Huhtamaki Oyj
Amcor PLC
Sealed Air Corporation
DS Smith PLC
*Disclaimer: Major Players sorted in no particular order
GCC Digital Printing Market News
- October 2022, Sigma Middle East Labels Industries, based in the UAE, installed a Lombardi Synchroline530 flexo press. Vinsak, a local Lombardi presses dealer, provided the equipment. Vinsakincludes printing and packaging technologies throughout the Middle East, Africa, and India.
- September 2022, PRINT Library, one of the leading suppliers of printed packaging, turned its business after investing EUR 250,000 (USD 275,000) in new technology to produce antiviral coatings for food packaging around by putting sustainability at its core. The company's water-based coatings for printing mean that the packaging has a more hygienic feel yet is entirely biodegradable, compostable, and recyclable, allowing customers to contribute to corporate responsibility and sustainability.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitutes Products
4.4 Assessment of Impact of the COVID-19 on the Market
4.5 Import-Export Analysis
4.6 Government Regulations/Requirements
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growth of Packaging and Textile Industries and Rising Demand for Digital Advertisements
5.1.2 Growing Demand for Digital and Sustainable Packaging Printing
5.2 Market Restraints
5.2.1 Investment in R&D Activities and Additional Capital Expenditure
6. MARKET SEGMENTATION
6.1 By Printing Process
6.1.1 Electrophotography
6.1.2 Inkjet
6.2 By Packaging Format
6.2.1 Labels
6.2.2 Corrugated Packaging
6.2.3 Cartons
6.2.4 Flexible Packaging
6.2.5 Rigid Packaging
6.2.6 Metal Packaging
6.3 By Country
6.3.1 Saudi Arabia
6.3.2 United Arab Emirates
6.3.3 Qatar
6.3.4 Rest of GCC
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Mondi PLC
7.1.2 Huhtamaki Oyj
7.1.3 Amcor PLC
7.1.4 Sealed Air Corporation
7.1.5 DS Smith PLC
7.1.6 Stora Enso Oyj
7.1.7 Mayr-Melnhof Karton AG
7.1.8 Sonoco Products Company
7.1.9 Xeikon NV
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
GCC Digital Printing Industry Segmentation
Digital printing is a contemporary printing technique that includes directly printing digital-based pictures or data onto various surfaces such as paper, cloth, plastic, or other materials. Digital printing does not involve the use of printing plates or screens, in contrast to conventional printing methods. Instead, the printer uses digital data to produce the desired image by dotting the printing surface with ink or toner.
The GCC Paper Cup Market is Segmented by Printing Process (Electrophotography, Inkjet), Packaging (Labels, Corrugated Box, Carton, Flexible Packaging, Rigid Packaging, Metal Packaging), and Country. The market sizes and forecasts are provided in terms of value (USD Million) for all the above segments.
| By Printing Process | |
| Electrophotography | |
| Inkjet |
| By Packaging Format | |
| Labels | |
| Corrugated Packaging | |
| Cartons | |
| Flexible Packaging | |
| Rigid Packaging | |
| Metal Packaging |
| By Country | |
| Saudi Arabia | |
| United Arab Emirates | |
| Qatar | |
| Rest of GCC |
Frequently Asked Questions
What is the current GCC Digital Printing Market size?
The GCC Digital Printing Market is projected to register a CAGR of 8.93% during the forecast period (2024-2029)
Who are the key players in GCC Digital Printing Market?
Mondi PLC, Huhtamaki Oyj, Amcor PLC, Sealed Air Corporation and DS Smith PLC are the major companies operating in the GCC Digital Printing Market.
What years does this GCC Digital Printing Market cover?
The report covers the GCC Digital Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Digital Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Digital Printing Industry Report
Statistics for the 2024 GCC Digital Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Digital Printing analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
