The global packaging printing market size is anticipated to reach around US$ 503 Bn by 2027 with registered CAGR of around 5% the forecast period 2020 to 2027.
Attractive printing plays a vital role in describing the quality of a business from the market and helps to create brands. In addition to focusing on main product market indicators, big companies often concentrate on improving their label identity and presence in the marketplace, by offering high quality and appealing prints to place their products in customer minds. This promotes the use of advanced and creative printing techniques which affect the industry by press solutions and services providers. This essential factor is likely to create a new opportunity to printers that work on the demand for packaging printing.
Rising adoption of many innovative packaging technologies, for instance, intelligent packaging, active packaging, aseptic packaging and independent packaging is the factor that propels the growth of the market and also create a massive opportunities for printing solutions suppliers that has evolved exponentially in the packaging industry. The growth of the packaging printing market is expected to be led during the forecast period. Moreover, the increasing demand for advanced printing technology increases significantly as end user companies focus on enhancing brand visibility and sensitivity with attractive logos and taglineare the factors that are driving the growth of market. Other factors such as e-commerce growth and digital print technologies innovations increase the demand for quality printing solutions for packaging products. However the growth of the global packaging printing market is hindered by heavy initial costs and stringent government regulations.
Innovative flexible packaging designs enable producers of food and beverage to differentiate themselves from rivals and deliver increased product. This contributes to the need for innovative printing techniques such as the illusion of thermal transfer. The increase in the complexity and printing costs due to the development of interruptive flexible packaging, during the projected period, will drive the development of the demand in printing for the packaging industry.
The market research study on “Packaging Printing Market (By Printing Technology: Flexography, Gravure, Offset, Digital, Screen Printing; By Material: Labels, Paper & Paperboard, Plastics, Metal; By Printing Ink: Aqueous Ink, Solvent-Based Ink, UV-Curable Ink, Latex Ink, Dye Sublimation Inks, Others (Water-Based Ink and Hot Melt Inks); By Applications: Food & Beverages Products, Household & Cosmetic Products, Pharmaceutical Products, Adhesives and Sealants) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on the global packaging printing market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global packaging printing market are printing technology, material, printing ink, application, and major geographic regions. The packaging printing market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. Asia Pacific is the dominant region in packaging printing. Europe and North America follow Asia Pacific. High disposable income is the factor that leads to demand development in the area of North America and Europe. The growth of the packaging printing market in Asia-Pacific is due to the presence of the major players in the region.
Major players include in this report are Sonoco Products Company, Mondi plc, Graphics Packaging Holding Company, Amcor Limited, Quad/Graphics, Constantia Flexibles, WS Packaging Group, Toppan Printing Company, Quantum Print and Packaging Limited, Duncan Printing group, and others are some of the key competitors in the global packaging printing market. These companies concentrate on the development of high-quality printing technologies and innovations for end-users involved in packaging technologies. In comparison, corporate alliances and joint ventures are other approaches pursued by players in order to continue to succeed.
The global packaging printing market is segmented as below:
Packaging Printing Market By Printing Technology
Packaging Printing Market By Material
Packaging Printing Market By Printing Ink
Packaging Printing Market By Application
Packaging Printing Market By Geography
Middle East & Africa
The market value of Packaging Printing is anticipated to be around US$ 503 Bn in 2027.
It is anticipated to grow around 5% CAGR amid the forecast period.2020-2027
Asia Pacific held maximum share in 2019
Asia Pacific is projected to grow at a fast pace during forecast period from 2020-2027.
Increasing preference for packaged goods among consumers across the globe is the major drivers for the growth of the packaging printing market.
Stringent regulations regarding packaging and printing of products across the globe by government organizations is a major factor expected to restraint the growth of the market.
Flexography, Gravure, Offset, Digital, Screen Printing are the printing technologies of packaging printing market.