A display panel including a substrate, a first electrode layer, a plurality of partition structures, a liquid display medium, a cap layer, a buffer layer and a second electrode layer is provided. The first electrode layer is disposed on the substrate. The partition structures are disposed on the first electrode layer, exposing a part of the first electrode layer. The liquid display medium is disposed on the first electrode layer between the partition structures. The cap layer is formed on the liquid display medium, and a buffer layer is formed on the cap layer. The second electrode layer is disposed on the buffer layer.