Digitally Printed Bags market: Introduction
Currently, one of the fastest growing trend in the bags market is digital printing. With the help of digital printing an image can be put on the bags. Furthermore, handmade logos can also be printed on the bags. Digital printing provides an aesthetic view to the consumers and enhances the products appearance. Digitally printed bags can serve as a powerful advertising tool. Digitally printed bags is the most economical way to bring your product to the consumers. Digital printing can also be done on reusable bags also and which further increases its resale value. One of the main advantages of digitally printed bags is that the product carried inside the bag cannot be viewed. This helps in unnecessary show off of the items carried. Digitally printed bags can be of various materials such as paper, cotton, nylon etc. Digitally printed bags can be used in various industries such as food and beverages, cosmetics and personal care, pharmaceutical products etc.
Digitally Printed Bags market: Market Dynamics
One of the key reason for the growth of digitally printed bags market is the strong growth in the demand from food and packaging sector. Further adding to this, the digital printing ink are non-corrodible and non-erasable. This adds to the increase in self-life of the bags. Another factor that is driving the digitally printed bags is that bags can be made from durable materials that can be re-used, thus increasing their market value even further. Digital printing ink is water and weather proof, thus digitally printed bags can be used in every climatic conditions. Another factor that is leading to the increase in demand of digitally printed bags is the growth of healthcare industry and the popularity of using convenient and printed packaging. The factor that is leading to the burgeoning demand of digitally printed bags is the increasing growth of malls, shops, general stores etc. digitally printed bags are also used in sectors such as jewellery, cosmetics etc. with good and aesthetic appeal. Digitally printed bags not only serves the purpose of carry bags but also can be used as a marketing tool if customized properly. One of the main advantages of using digitally printed bags is that it gives repeated brand exposure which will help in driving the market.
The main restraints that the digitally printed market follows is that they are a little bit expensive than other printing solutions. Further adding to this, speedy production cannot be achieved with digital printing.
Digitally Printed Bags market: Market segmentation
Digitally printed bags market can be segmented on the basis of material type, applications and end use industries.
On the basis of material type digitally printed bags can be segmented as plastics (LDPE and HDPE), cotton, jute, paper etc.
On the basis of application digitally printed bags can be segmented as retail goods, groceries, merchandise, beauty products, stationery and gifts etc.
On the basis of end use industries digitally printed bags market can be segmented as food and beverages, textiles and apparels, pharmaceuticals, agriculture, cosmetics and personal care.
Digitally Printed Bags market: Regional overlook
Geographically, the digitally printed bags market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). Asia-pacific region especially India and china are expected to grow throughout the forecasted period. China is expected to account for the largest market share in digitally printed bags market. North America is also expected to grow at an above average CAGR throughout the forecast period due to the developed economies and increasing demand of printed packaging. Middle East and Africa is expected to be slow in growth of digitally printed bags market due to the stagnant economies.
Digitally Printed Bags market: Key players
Some of the key players in the field of digitally printed bags market are Pacific Bag, Inc., Templecoombe Ltd., Param Jute Products, Inprint@Marden, POLYNOVA Industries Inc., Emerald packaging, Clear View Bag Co., Inc., HillsPoly-Print Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.