Packaging Printing Market: Industry Analysis, Emerging Technologies, Future Growth, Business Prospects and Global Forecast to 2030
Research Reports
Mar 08, 2022
The global Packaging Printing Market witnesses rapid revenue growth. Factors such as the rising uses of packaging printing technologies and demand for sustainable printing solutions boost the market shares. Besides, rising government initiatives to promote sustainability and environment-friendly packaging printing solutions drive the market growth.
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With changing consumer lifestyles, rapid urbanization, and economic growth worldwide, the market is expected to remain attractive during the years to come. Market Research Future (MRFR) states that the global packaging printing market is estimated to garner USD 473.81 BN by 2030, growing at a 4.70?GR during the forecast period (2022 – 2030). In 2022, the packaging printing market was valued at USD 357.3 billion.
Additionally, increasing upgrades in packaging printing technology, alongside the rising R&D funding and initiatives of public-private sectors, push the market value. Spurring rise in the packaging sector and over the past few years has been substantiating the market size. Businesses are also looking at packaging as means of advertising and marketing their brand, which, in turn, allows the market to obtain considerable gains.
Global Packaging Printing Market – Segmentation
The report is segmented into packaging types, printing technologies, materials, type of inks, applications, and regions. The packaging type segment is sub-segmented into flexible packaging, rigid packaging, and others. The printing technology segment is bifurcated into flexography, screen printing, offset, digital, gravure, and others. The material segment is sub-segmented into labels, paper & paperboard, plastics, metal, glass, and others.
The type of ink segment is sub-segmented into aqueous ink, solvent-based ink, UV-curable ink, latex ink, dye sublimation inks, and others (water-based ink and hot melt inks). The application segment is bifurcated into personal care, food & beverage, pharmaceutical, adhesive, and others. The region segment is bifurcated into Americas, Europe, Asia Pacific, and rest-of-the-world.
Global Packaging Printing Market – Geographical Analysis
The Asia Pacific region is the largest market for packaging printing globally. Rising demand for innovative packaging solutions, such as pouches and shrinks sleeves, and quality packaging materials for brand protection drives the market growth. Besides, growing pressure to bring sustainability in packaging materials fosters the market size. China and India are major packaging printing markets in the region.
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Packaging Printing Market – Competitive Analysis
Highly competitive, the packaging printing market appears fragmented, with several well-established players forming a competitive landscape. Strategic approaches, such as mergers & acquisitions, collaborations, expansions, and new technologies/product launches, are key trends for industry players to gain a larger competitive share. They make substantial investments in driving new product developments & technologies and expansion plans.
Major Players:
Players leading the global packaging printing market are Amcor Limited, Belmont Packaging, AR Packaging Group AB, DS Smith Packaging Limited, Duncan Printing Group, Canon, Inc., E.I. Du Pont Nemours and Company, Dunmore, Xeikon N.V., Eastman Kodak Co., Xerox Corporation, and Edelmann Packaging México S.A. De C.V., among others.
Industry/ Innovation/ Related News
June 04, 2021 — Agfa-Gevaert N.V. (Belgium), a leading global developer, manufacturer, and distributor of analog and digital imaging products, software, and systems, introduced Amfortis, an all-in-one workflow for offset packaging printing. Amfortis facilitates packaging converters by combining multiple unique software tools into one powerful production workflow solution. The new technology complements Agfa’s existing offset packaging offering, including durable printing plates and high-performing CtP systems.
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