Recently, Smithers' newly released research report, "The Future of Packaging Printing to 2027," shows that the packaging and label printing industry will grow steadily over the next five years, with the market size increasing from $456.3 billion in 2021 to $551.3 billion in 2027, at a CAGR of 3.1%. Among them, the digital printing and packaging market is performing particularly well, with a compound annual growth rate of more than 10% over the next five years.

The report mentions that the potential reasons for the strong growth of the digital printing and packaging market include not only the high growth of the global population, rapid economic development and accelerated urbanization and some other long-term factors, but also the large investment of digital printing equipment manufacturers, making digital printing technology more mature.