The global packaging printing market size is projected to grow from USD 320.6 billion in 2019 to USD 440.6 billion by 2028, approximately at a CAGR of 5.7%. Packaging Printingprovides the reliability and consistency to meet the printing industry demands. The printing inks use various printing methods, including printing, flexography, offset, computer and digital printing. It finds application for various processes in packaging, including paper & paperboard, rigid plastic, flexible packaging, metal, and glass. The key industry end-users include food & beverages, healthcare, and other sectors. The wide range of packaging printing applications is driving growth in the industry.
The packaging printing industry and the packaging industry are expected to expand in tandem. Rising demand for new packaging material is increasing the size of the industry along with growing inclination towards a better appearance of packaged product. Moreover, the changing attention of industry players towards packaging and printing is anticipated to raise the size of the industry. Continuous economic growth across the developing countries that is positively growing new bunch of customers, which in turn affects the market outlook. In addition to this, rapid industrialization as well as increasing manufacturing and consumer goods sectors complement the scale of the industry further.
Segment overview of packaging printing market
- Printing Technology Overview, 2018-2028, (USD Million) (Kilo Tons)
- Flexography
- Offset
- Gravure
- Screen Printing
- Digital printing
- Printing Ink Overview, 2018-2028, (USD Million) (Kilo Tons)
- Solvent-Based Ink
- Aqueous Ink
- UV Curable Ink
- Latex Ink
- Others
- Applications Overview, 2018-2028, (USD Million) (Kilo Tons)
- Household & Cosmetic Products
- Food & Beverages
- Pharmaceutical
- Others
- Printing Type Overview, 2018-2028, (USD Million) (Kilo Tons)
- Labels
- Glass
- Plastic
- Metal
- Paper & Paperboard
- Cartons
- Others
- Regional Overview, 2018-2028, (USD Million) (Kilo Tons)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
- North America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Packaging Printing industry. Benchmark yourself against the rest of the market.
- Be prepared for how investments across the industry will be impacted by socio-political and economic factors over the next few years
- Ensure you remain competitive as new innovations by existing key players boost the market.
What does the report include?
- The study on global Packaging Printing includes qualitative factors such as drivers, restraints, and opportunities.
- The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the product development.
- The study covers a qualitative and quantitative analysis of the market segmented on the basis of printing technology, printing ink, application, and packaging type. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global Packaging Printing industry. The report will benefit:
- Every stakeholder involved in manufacturing and distributing components or solutions.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global Packaging Printing industry.
- Government organizations, regulatory authorities, policymakers, and financial organizations looking for T&D investment trends in the global Packaging Printing industry.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
The technical progress to develop the printing capabilities along with growing emphasis on the appearance of packaged product drives the size of the industry. The product use for packaging and labelling applications combined with the penetration of enhanced packaging practices is the market for the product. In addition, shifting consumer inclination to packaged food due to evolving consumer preferences along with increasing middle-class incomes across developed nations would drive industry growth in the years to come. Rising supply chain management to raise the entire value chain across the industry to develop printing capabilities is contributing significantly to the rise in demand for paper-based packaging items. Although the industry scale can be limited by high initial costs associated with packaging printing equipment. However, ongoing research & development efforts will proliferate the size of the industry to enhance the characteristics and application of the printing materials.
Printing Technology Segment The market is classified into flexography, offset, gravure, screen printing, and digital printing, based on the printing technology segment. Flexography is estimated to hold a substantial share of the global packaging printing market in 2018 and digital printing is projected to expand significantly over the 2020-2028 forecast period. Printing ink market is segmented into solvent-based ink, aqueous ink, UV curable ink, latex ink, and others. In this segment, aqueous ink is anticipated to hold a major share in the coming years. Application Segment The section is split into household & cosmetic products, food & beverages, pharmaceutical, and others depending on the packaging type. The food & beverages are measured across the projected timeframe in order to maintain a large share across the regions. Packaging Type Segment The market is categorized according to the type of packaging into bottles, glass, plastic, metal, paper & paperboard, cartons, and others. The label segment is expected to rise significantly in the 2019-2020 forecast period.
Asia Pacific is analyzed to attain a major share over the forecasted period. Changing lifestyle leading to increase in consumption of packaged foods coupled with a positive economic outlook across the emerging economies, including China, and India is anticipated to spur the industry growth. The ongoing shift to establish manufacturing facilities across the region from North America, and Europe owing to low labor cost and cheap raw material is fueling the industry size. Further, ongoing investment to expand existing manufacturing capacities in order to rising demand emerging from increasing population across the region will further escalate the industry share in the coming years.
The major players of the global Packaging Printing market comprise of Mondi, Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, Amcor Limited, Constantia Flexible, and WS Packaging Group, including others. The market for Packaging Printing is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of paper. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.