Lithographic Printing for Packaging Market Soars with a 4.4% CAGR, Projected to Reach USD 134.0 Billion by 2032
Research Reports
Nov 13, 2023
Insights from Future Market Research
According to a Comprehensive Research Report by Market Research Future (MRFR), Lithographic Printing for Packaging Market Information by Material, Printing Ink, Application, and Region – Forecast till 2032”, The lithographic printing for packaging industry to see growth from USD 90.9 Billion in 2023 to USD 134.0 Billion by 2032, at a rate of 4.4% between 2023 and 2032.
Printing the desired image onto printing plates is the first step in the lithographic printing process. A plate is needed for each color being used, with four (CMYK, or cyan, magenta, yellow, and black) being the most often needed (unless spot colors like Pantones are being used).
In the process of printing, the image is “offset,” or transferred, onto a rubber sheet, which is subsequently transferred to the substrate, which could be paper or any other material. The method depends on the separation of oil and water. In essence, the area that is empty or blank attracts water, which makes it ink-free, while the image being printed draws oil-based print.
Packaging that is laminated with litho provides the best print quality. This is partly because conventional printing presses have been fine-tuned and improved over many years, but it’s also because it can provide more features and finishes.
Because lithographic printing is known for generating high-quality work, it is ideal for applications involving posh packaging. The lithographic printing market is growing as a result of consumers’ growing demand for high-quality packaging. Consumers are more prepared to pay more on premium goods, especially those with premium packaging, as their disposable incomes increase.
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Regional Analysis:
In 2022, the lithographic printing packaging market was led by North America. The region is still in the lead with package lithographic printing being a well-established and sizable market here. It has consistently grown because high-quality packaging sees strong demand in many different industries.
Market Segmentation:
With respect to printing ink, the Lithographic Printing for Packaging Market is segmented into U.V. based, Aqueous, and Strikethrough segments. The category with the highest revenue was aqueous. Over the course of the estimated period, this market segment is expected to surge significantly due to the rising demand for aqueous lithographic printing for packaging. One of the primary drivers of the aqueous category’s expansion is the growing consumer awareness of the environmental risks posed by volatile organic compounds (VOCs).
Application-based segmentation of the Lithographic Printing for Packaging Market includes Food & Beverages, Cosmetics & Toiletries, Healthcare, and Others.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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