Global Packaging Printing Market, By Packaging Type (Labels, Plastics, Glass, Metal, Paper and Paperboard, Flexible Packaging and Corrugated Boxes, Cartons, Others), Printing Technology (Flexography Printing Technology, Rotogravure Printing Technology, Offset Printing Technology, Digital Printing Technology, Screen Printing), Printing Ink (Solvent-Based Ink, Uv-Curable Ink, Aqueous Ink, Other Inks), Application (Food and Beverage, Household and Cosmetic Products, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Packaging Printing Market
Data Bridge Market Research analyses that the packaging printing market will project a CAGR of 5.35% for the forecast period of 2022-2029 and is expected to reach the USD 568.36 million by 2029.
Packaging printing technique is used to enclose and protect products before they are distributed, stored, sold, or used. Though the basic purpose of packaging is to store products, packaging printing technology also serves as a means of product and brand promotion and aids in the development of strong consumer relationships. Printing for the packaging sector meets the industry's objectives for quality, efficiency, and innovation. Inks and technology of various types are utilized in the printing of packaging. The most common printing technologies employed in the packaging printing sector are flexographic, rotogravure, offset, and digital.
The packaging printing market is primarily driven by the surging demand for creative packaging medium due to intense competition and brand awareness. Furthermore, the increasing demand for innovative printing will cushion the market’s growth rate. In addition, other factors such as the growth of packaging industry and the rise in supply chain management will influence the growth of packaging printing market. Another significant driver that will expand the market’s growth rate is the rising demand for sustainable printing. Also, rapid industrialization, technological advancement in printing industry and increasing urbanization are the various factors that will further cushion the growth rate of packaging printing market. Also, changing lifestyle and high disposable income of population will increase the number of events that will further surge the demand for packaging printing market. Also, the growing strong demand from various end-use industries will have a positive impact on the growth rate of packaging printing market.
Moreover, upsurge in the demand for digital printing and utilization of RFIDs in packaging and emerging new markets will also create the beneficial opportunities for the packaging printing market growth. Additionally, strategic collaboration among major market players, increasing demand for packaged and branded products and new product launches are the significant factors that will drive the growth rate of packaging printing market and further provide lucrative market opportunities in the future.
However, high capital investment owing to complications associated with rubber plates in printing machines and its unsustainability for heavy items will hamper the growth rate of packaging printing market. Impact of COVID-19 on supply chain will pose a major challenge on the growth of packaging printing market. Also, high quality printing at low cost and printing and packaging regulations will impede the packaging printing market’s growth rate.
This packaging printing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on packaging printing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Packaging Printing Market Scope and Market Size
The packaging printing market is segmented on the basis of packaging type, printing technology, printing ink and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of packaging type, the packaging printing market is segmented into labels, plastics, glass, metal, paper and paperboard, flexible packaging and corrugated boxes, cartons and others. The plastics segment have been further sub-segmented into flexible plastics and rigid plastics.
- The application segment for the packaging printing market includes food and beverage, household and cosmetic products, pharmaceuticals and others.
- Based on printing technology, the packaging printing market is segmented into flexography printing technology, rotogravure printing technology, offset printing technology, digital printing technology and screen printing.
- Based on printing ink, the packaging printing market is segmented into solvent-based ink, Uv-curable ink, aqueous ink and other inks.
Packaging Printing Market Country Level Analysis
The packaging printing market is analysed and market size insights and trends are provided by country, packaging type, printing technology, printing ink and application as referenced above.
The countries covered in the packaging printing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is predicted to continue a dominant position in packaging printing market among other regions worldwide. This is attributable to the rising demand for pouches, quality packaging material, shrink sleeves, sustainability, and brand protection in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing level of investment in advanced technology and rapid growth of various end-use industries such as food and beverages and healthcare in this region.
The country section of the packaging printing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Packaging Printing Market Share Analysis
The packaging printing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to packaging printing market.
Some of the major players operating in the packaging printing market are Constantia Flexibles, TOPPAN INC., Duncan Print Group, Belmont Packaging Limited, QUANTUM PACKAGING., Mondi, Sonoco Products Company, Graphic Packaging International, LLC, Quad/Graphics, Inc., Amcor plc, Quantum Packaging Store, WS Packaging Group, Inc., Shree Arun Packaging Company Private Limited., ZAO SPb Model Typography, Coveris, Ahlstrom-Munksjö, AVERY DENNISON CORPORATION, CCL Industries Inc., and Smurfit Kappa, among others.
Recent Development
In June 2021, FUJIFILM Corporation had launched new digital inkjet water based jet press FP790 for flexible packaging. Jet Press FP790 products offers various characteristics including environmentally friendly design and print process, and high productivity for short, medium and strategic runs. The FP 790 can reach more than 90% of the PANTONE colour gamut using 1200 x 1200 DPI resolutions and CMYK coloured inks, as well as two white inkjet channels for maximum white opacity.
SKU-